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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
Page
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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
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Q50 Street Furniture Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,711 
7,023 
Current assets
Inventories
115,835 
126,260 
Debtors
351,320 
409,888 
Cash at bank and in hand
43,296 
(5,931)
510,451 
530,217 
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
Deferred tax
(1,275)
- 
Net liabilities
(45,876)
(126,749)
Capital and reserves
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
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Q50 Street Furniture Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Additions
757 
408 
1,165 
At 31 March 2023
21,152 
408 
21,560 
Depreciation
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 
Net book value
At 31 March 2023
6,337 
374 
6,711 
At 31 March 2022
7,023 
- 
7,023 
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Q50 Street Furniture Limited Notes to the Accounts for the year ended 31 March 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
20,564 
24,850 
Trade debtors
293,641 
363,038 
Accrued income and prepayments
8,643 
- 
Other debtors
28,472 
22,000 
351,320 
409,888 
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 
- 
Accruals
4,436 
- 
525,944 
624,252 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
35,819 
39,737 
8
Share capital
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 
- 
17,926 
- 
10
Average number of employees
During the year the average number of employees was 9 (2022: 11).
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