Company Registration No. 07418346 (England and Wales)
Q50 Street Furniture Limited
Unaudited accounts
for the year ended 31 March 2023
Q50 Street Furniture Limited
Unaudited accounts
Contents
Q50 Street Furniture Limited
Company Information
for the year ended 31 March 2023
Director
Maxim Gil Linstead
Company Number
07418346 (England and Wales)
Registered Office
C/O Metal Depot
Unit 2 Navigation Lane
Lock Lane
Castleford
WF10 2LA
United Kingdom
Q50 Street Furniture Limited
Statement of financial position
as at 31 March 2023
Tangible assets
6,711
7,023
Inventories
115,835
126,260
Cash at bank and in hand
43,296
(5,931)
Creditors: amounts falling due within one year
(525,944)
(624,252)
Net current liabilities
(15,493)
(94,035)
Total assets less current liabilities
(8,782)
(87,012)
Creditors: amounts falling due after more than one year
(35,819)
(39,737)
Provisions for liabilities
Net liabilities
(45,876)
(126,749)
Called up share capital
100
100
Profit and loss account
(45,976)
(126,849)
Shareholders' funds
(45,876)
(126,749)
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 November 2023 and were signed on its behalf by
Maxim Gil Linstead
Director
Company Registration No. 07418346
Q50 Street Furniture Limited
Notes to the Accounts
for the year ended 31 March 2023
Q50 Street Furniture Limited is a private company, limited by shares, registered in England and Wales, registration number 07418346. The registered office is C/O Metal Depot, Unit 2 Navigation Lane, Lock Lane, Castleford, WF10 2LA, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Computer equipment
20% Straight Line
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2022
20,395
-
20,395
At 31 March 2023
21,152
408
21,560
At 1 April 2022
13,372
-
13,372
Charge for the year
1,443
34
1,477
At 31 March 2023
14,815
34
14,849
At 31 March 2023
6,337
374
6,711
At 31 March 2022
7,023
-
7,023
Q50 Street Furniture Limited
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
Trade debtors
293,641
363,038
Accrued income and prepayments
8,643
-
Other debtors
28,472
22,000
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
192,990
230,119
Trade creditors
350,064
372,741
Taxes and social security
(37,406)
13,330
Other creditors
12,766
8,062
Loans from directors
3,094
-
7
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Operating lease commitments
2023
2022
At 31 March 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
10,251
-
Later than one year and not later than five years
7,675
-
10
Average number of employees
During the year the average number of employees was 9 (2022: 11).