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REGISTERED NUMBER: 05760549 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

QUINZ COMPANY LIMITED

QUINZ COMPANY LIMITED (Registered number: 05760549)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

QUINZ COMPANY LIMITED

Company Information
for the Year Ended 31 March 2023







DIRECTOR: B Quinn





SECRETARY: Mrs J Quinn





REGISTERED OFFICE: 76, Cullington Close
Harrow
Middlesex
HA3 8LY





REGISTERED NUMBER: 05760549 (England and Wales)





ACCOUNTANTS: Evolve Accounting and Tax Solutions Limited
2nd Floor Congress House
14 Lyon Road
Harrow
Middlesex
HA1 2EN

QUINZ COMPANY LIMITED (Registered number: 05760549)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 650,795 651,059

CURRENT ASSETS
Stocks 214,680 208,780
Debtors 5 223,014 176,126
Cash at bank 3,102 39,773
440,796 424,679
CREDITORS
Amounts falling due within one year 6 105,471 67,566
NET CURRENT ASSETS 335,325 357,113
TOTAL ASSETS LESS CURRENT
LIABILITIES

986,120

1,008,172

CREDITORS
Amounts falling due after more than one
year

7

466,294

492,274
NET ASSETS 519,826 515,898

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 9 314,050 314,050
Retained earnings 205,774 201,846
SHAREHOLDERS' FUNDS 519,826 515,898

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

QUINZ COMPANY LIMITED (Registered number: 05760549)

Balance Sheet - continued
31 March 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 director and authorised for issue on 18 April 2024 and were signed by:





B Quinn - Director


QUINZ COMPANY LIMITED (Registered number: 05760549)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

QUINZ COMPANY 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 as modified by the revaluation of certain assets.

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.
Plant and machinery etc - 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 April 2022
and 31 March 2023 650,000 13,653 663,653
DEPRECIATION
At 1 April 2022 - 12,594 12,594
Charge for year - 264 264
At 31 March 2023 - 12,858 12,858
NET BOOK VALUE
At 31 March 2023 650,000 795 650,795
At 31 March 2022 650,000 1,059 651,059

QUINZ COMPANY LIMITED (Registered number: 05760549)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 March 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2014 321,281 57,840 379,121
Valuation in 2015 328,719 (44,187 ) 284,532
650,000 13,653 663,653

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 85,601 25,600
Other debtors 137,413 150,526
223,014 176,126

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 27,674 11,100
Trade creditors 17,563 6,230
Taxation and social security 22,193 9,495
Other creditors 38,041 40,741
105,471 67,566

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 466,294 492,274

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 375,200 375,200

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank loans 493,968 503,374

The bank loans are secured by a legal charge over the freehold property, and by personal guarantees by the director.

QUINZ COMPANY LIMITED (Registered number: 05760549)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

9. RESERVES
Revaluation
reserve
£   
At 1 April 2022
and 31 March 2023 314,050

10. RELATED PARTY DISCLOSURES

Mr B Quinn is also a director in 1092 Weirhope Developments Ltd, a company registered in the Republic of Ireland.

The loan amount outstanding at the previous year end amounting to £84,943 remains outstanding at the current year end and is included in 'Other Debtors'.

11. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr B Quinn & Mrs J Quinn by virtue of their ownership of 100% of the issued ordinary share capital in the company.

QUINZ COMPANY LIMITED

Report of the Accountants to the Director of
QUINZ COMPANY 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 Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2023 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Evolve Accounting and Tax Solutions Limited
2nd Floor Congress House
14 Lyon Road
Harrow
Middlesex
HA1 2EN


18 April 2024