Company Registration No. 12525118 (England and Wales)
QUAD FINE ART LTD
Unaudited accounts
for the year ended 31 March 2024
QUAD FINE ART LTD
Unaudited accounts
Contents
QUAD FINE ART LTD
Company Information
for the year ended 31 March 2024
Director
Alexandra Smirnova
Company Number
12525118 (England and Wales)
Registered Office
Unit 4
Print Village 58 Chadwick Road
London
SE15 4PU
UK
QUAD FINE ART LTD
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
1,540
32,760
Creditors: amounts falling due within one year
(22,156)
(25,156)
Net current (liabilities)/assets
(20,616)
7,604
Total assets less current liabilities
(20,438)
7,871
Creditors: amounts falling due after more than one year
(92,694)
(67,538)
Net liabilities
(113,132)
(59,667)
Called up share capital
2
2
Profit and loss account
(113,134)
(59,669)
Shareholders' funds
(113,132)
(59,667)
For the year ending 31 March 2024 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 her 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 April 2024 and were signed on its behalf by
Alexandra Smirnova
Director
Company Registration No. 12525118
QUAD FINE ART LTD
Notes to the Accounts
for the year ended 31 March 2024
QUAD FINE ART LTD is a private company, limited by shares, registered in England and Wales, registration number 12525118. The registered office is Unit 4 , Print Village 58 Chadwick Road, London, SE15 4PU, UK.
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.
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:
Straight line over 5 years
4
Tangible fixed assets
Fixtures & fittings
5
Creditors: amounts falling due within one year
2024
2023
Loans from directors
22,000
25,000
QUAD FINE ART LTD
Notes to the Accounts
for the year ended 31 March 2024
6
Creditors: amounts falling due after more than one year
2024
2023
Trade creditors
5,161
5,005
Loans from directors
87,533
62,533
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).