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REGISTERED NUMBER: 08904579 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

QUINN DEVELOPMENTS NW LIMITED

QUINN DEVELOPMENTS NW LIMITED (REGISTERED NUMBER: 08904579)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


QUINN DEVELOPMENTS NW LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: Mrs E A Quinn
Mr P Quinn





REGISTERED OFFICE: 30 Lees Road,
Knowsley Industrial Park North,
Liverpool
L33 7SE





REGISTERED NUMBER: 08904579 (England and Wales)





ACCOUNTANTS: React Business Services
City Pavilion, Cannon Green
27 Bush Lane
London
EC4R 0AA

QUINN DEVELOPMENTS NW LIMITED (REGISTERED NUMBER: 08904579)

BALANCE SHEET
28 FEBRUARY 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 422,782 354,620

CURRENT ASSETS
Stocks 169,692 -
Debtors 5 2,460,382 1,106,498
Cash at bank 78,248 405,459
2,708,322 1,511,957
CREDITORS
Amounts falling due within one year 6 2,088,217 1,116,327
NET CURRENT ASSETS 620,105 395,630
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,042,887

750,250

CREDITORS
Amounts falling due after more than one
year

7

(498,195

)

(455,703

)

PROVISIONS FOR LIABILITIES - (13,537 )
NET ASSETS 544,692 281,010

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 544,592 280,910
544,692 281,010

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 directors acknowledge their 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.

QUINN DEVELOPMENTS NW LIMITED (REGISTERED NUMBER: 08904579)

BALANCE SHEET - 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 21 November 2023 and were signed on its behalf by:





Mr P Quinn - Director


QUINN DEVELOPMENTS NW LIMITED (REGISTERED NUMBER: 08904579)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

Quinn Developments Nw 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 3 ) .

QUINN DEVELOPMENTS NW LIMITED (REGISTERED NUMBER: 08904579)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 March 2022 - 548,654 11,259
Additions 182,384 18,450 37,480
At 28 February 2023 182,384 567,104 48,739
DEPRECIATION
At 1 March 2022 - 282,114 7,954
Charge for year 45,596 111,313 10,741
At 28 February 2023 45,596 393,427 18,695
NET BOOK VALUE
At 28 February 2023 136,788 173,677 30,044
At 28 February 2022 - 266,540 3,305

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2022 193,642 44,013 797,568
Additions - 39,083 277,397
At 28 February 2023 193,642 83,096 1,074,965
DEPRECIATION
At 1 March 2022 131,681 21,199 442,948
Charge for year 22,487 19,098 209,235
At 28 February 2023 154,168 40,297 652,183
NET BOOK VALUE
At 28 February 2023 39,474 42,799 422,782
At 28 February 2022 61,961 22,814 354,620

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 1,273,899 559,738
Other debtors 1,186,483 546,760
2,460,382 1,106,498

QUINN DEVELOPMENTS NW LIMITED (REGISTERED NUMBER: 08904579)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 468,211 256,841
Finance leases 19,914 55,497
Trade creditors 1,206,531 393,703
Taxation and social security 322,844 303,157
Other creditors 70,717 107,129
2,088,217 1,116,327

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans 204,227 51,423
Finance leases 293,968 404,280
498,195 455,703

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2023 and 28 February 2022:

28.2.23 28.2.22
£    £   
Mr P Quinn and Mrs E A Quinn
Balance outstanding at start of year 163,080 56,654
Amounts advanced 433,045 556,426
Amounts repaid (164,000 ) (450,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 432,125 163,080

Included in the other debtors is the amount due by the directors of the company £432,125 (2022: £163,080) This is an interest bearing loan and repayable on demand.