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Company Registration No. 09629618 (England and Wales)
Quick Pick (London) Limited Unaudited accounts for the year ended 30 June 2023
Quick Pick (London) Limited Unaudited accounts Contents
Page
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Quick Pick (London) Limited Company Information for the year ended 30 June 2023
Director
M.A. Sigirtmac
Company Number
09629618 (England and Wales)
Registered Office
103 High Street Waltham Cross Herts EN8 7AN United Kingdom
Accountants
Brindley Goldstein Ltd 103 High Street Waltham Cross EN8 7AN
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Quick Pick (London) Limited Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
14,001 
28,001 
Current assets
Inventories
157,200 
165,150 
Cash at bank and in hand
(21,707)
30,858 
135,493 
196,008 
Creditors: amounts falling due within one year
(265,890)
(263,189)
Net current liabilities
(130,397)
(67,181)
Total assets less current liabilities
(116,396)
(39,180)
Creditors: amounts falling due after more than one year
(50,486)
(27,300)
Net liabilities
(166,882)
(66,480)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(166,982)
(66,580)
Shareholders' funds
(166,882)
(66,480)
For the year ending 30 June 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 15 March 2024 and were signed on its behalf by
M.A. Sigirtmac Director Company Registration No. 09629618
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Quick Pick (London) Limited Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
Quick Pick (London) Limited is a private company, limited by shares, registered in England and Wales, registration number 09629618. The registered office is 103 High Street, Waltham Cross, Herts, EN8 7AN, 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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:
Motor vehicles
20% straight line
Fixtures & fittings
20% straight line
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Quick Pick (London) Limited Notes to the Accounts for the year ended 30 June 2023
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2022
5,000 
76,000 
81,000 
At 30 June 2023
5,000 
76,000 
81,000 
Depreciation
At 1 July 2022
4,999 
48,000 
52,999 
Charge for the year
- 
14,000 
14,000 
At 30 June 2023
4,999 
62,000 
66,999 
Net book value
At 30 June 2023
1 
14,000 
14,001 
At 30 June 2022
1 
28,000 
28,001 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
1,183 
656 
Taxes and social security
2,023 
178 
Other creditors
258,469 
260,742 
Loans from directors
2,715 
13 
Accruals
1,500 
1,600 
265,890 
263,189 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
50,486 
27,300 
7
Transactions with related parties
The company was under the control of Mr M.A Sigirtmac throughout the current period. Mr M.A Sigirtmac is personally interested in 100% of the company's share capital. Mr M A Sigirtmac did not receive a dividend from the company during the year (2022: £6,200).
8
Average number of employees
During the year the average number of employees was 7 (2022: 7).
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