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REGISTERED NUMBER: 07535161 (England and Wales)


Quincdigital Limited

Abridged Unaudited Financial Statements

for the Year Ended 28 February 2023






Quincdigital Limited (Registered number: 07535161)






Contents of the Financial Statements
for the year ended 28 February 2023




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


Quincdigital Limited

Company Information
for the year ended 28 February 2023







DIRECTOR: Mr N W Newbery





SECRETARY: Mr N W Newbery





REGISTERED OFFICE: 239-241 Kennington Lane
London
SE11 5QU





REGISTERED NUMBER: 07535161 (England and Wales)





ACCOUNTANTS: Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Quincdigital Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Quincdigital Limited for the year ended 28 February 2023 which comprise the Abridged Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Quincdigital Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Quincdigital Limited and state those matters that we have agreed to state to the director of Quincdigital Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Quincdigital Limited and its director for our work or for this report.

It is your duty to ensure that Quincdigital Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Quincdigital Limited. You consider that Quincdigital Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Quincdigital Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU


14 November 2023

Quincdigital Limited (Registered number: 07535161)

Statement of Financial Position
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 1,089 1,608

CURRENT ASSETS
Debtors 5 55,880 131,589
Cash at bank and in hand 69,558 54,247
125,438 185,836
CREDITORS
Amounts falling due within one year 6 33,691 57,166
NET CURRENT ASSETS 91,747 128,670
TOTAL ASSETS LESS CURRENT
LIABILITIES

92,836

130,278

PROVISIONS FOR LIABILITIES 7 207 306
NET ASSETS 92,629 129,972

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 92,628 129,971
SHAREHOLDERS' FUNDS 92,629 129,972

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Quincdigital Limited (Registered number: 07535161)

Statement of Financial Position - continued
28 February 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings for the year ended 28 February 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 November 2023 and were signed by:





Mr N W Newbery - Director


Quincdigital Limited (Registered number: 07535161)

Notes to the Financial Statements
for the year ended 28 February 2023

1. STATUTORY INFORMATION

Quincdigital Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is generated from the ordinary activities of the business and is recognised when the right to consideration is due.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Quincdigital Limited (Registered number: 07535161)

Notes to the Financial Statements - continued
for the year ended 28 February 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Computer
equipment
£   
COST
At 1 March 2022 5,081
Additions 1,079
At 28 February 2023 6,160
DEPRECIATION
At 1 March 2022 3,473
Charge for year 1,598
At 28 February 2023 5,071
NET BOOK VALUE
At 28 February 2023 1,089
At 28 February 2022 1,608

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 47,612 131,589
Other debtors 8,268 -
55,880 131,589

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 14,662 39,139
Other creditors 19,029 18,027
33,691 57,166

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 207 306

Quincdigital Limited (Registered number: 07535161)

Notes to the Financial Statements - continued
for the year ended 28 February 2023

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 March 2022 306
Credit to Statement of Income and Retained Earnings during year (99 )
Balance at 28 February 2023 207

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

9. RESERVES
Retained
earnings
£   

At 1 March 2022 129,971
Deficit for the year (35,343 )
Dividends (2,000 )
At 28 February 2023 92,628

10. RELATED PARTY DISCLOSURES

Included within other creditors are amounts due to key management personnel of £18,129 (2022: £17,127) at balance sheet date. No interest is charged on this balance and no set repayment terms are in place.