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
Quick Pick (London) Limited
Company Information
for the year ended 30 June 2023
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
Quick Pick (London) Limited
Statement of financial position
as at 30 June 2023
Tangible assets
14,001
28,001
Inventories
157,200
165,150
Cash at bank and in hand
(21,707)
30,858
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)
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
Quick Pick (London) Limited
Notes to the Accounts
for the year ended 30 June 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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
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
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
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
Taxes and social security
2,023
178
Other creditors
258,469
260,742
Loans from directors
2,715
13
6
Creditors: amounts falling due after more than one year
2023
2022
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).