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REGISTERED NUMBER: 06265253 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

JP Quigley Ltd

JP Quigley Ltd (Registered number: 06265253)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JP Quigley Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTOR: Mr J P Quigley





REGISTERED OFFICE: 12 Norman Close
Woodbridge
Suffolk
IP12 1JT





REGISTERED NUMBER: 06265253 (England and Wales)





ACCOUNTANTS: Black Barn Accountants Ltd
The Technology Centre
Station Road
Framlingham
Woodbridge
Suffolk
IP13 9EZ

JP Quigley Ltd (Registered number: 06265253)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,985 134,497

CURRENT ASSETS
Debtors 5 6,942 793
Cash at bank 204,330 73,238
211,272 74,031
CREDITORS
Amounts falling due within one year 6 20,022 19,132
NET CURRENT ASSETS 191,250 54,899
TOTAL ASSETS LESS CURRENT
LIABILITIES

198,235

189,396

PROVISIONS FOR LIABILITIES 7 1,211 1,083
NET ASSETS 197,024 188,313

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 197,022 188,311
SHAREHOLDERS' FUNDS 197,024 188,313

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

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 5 September 2024 and were signed by:



Mr J P Quigley - Director


JP Quigley Ltd (Registered number: 06265253)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

JP Quigley Ltd 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.
Office equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

JP Quigley Ltd (Registered number: 06265253)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Freehold Office Motor
property equipment vehicles Totals
£    £    £    £   
COST
At 1 June 2023 126,119 10,442 31,792 168,353
Additions 25,417 128 - 25,545
Disposals (151,536 ) - - (151,536 )
At 31 May 2024 - 10,570 31,792 42,362
DEPRECIATION
At 1 June 2023 - 4,517 29,339 33,856
Charge for year - 908 613 1,521
At 31 May 2024 - 5,425 29,952 35,377
NET BOOK VALUE
At 31 May 2024 - 5,145 1,840 6,985
At 31 May 2023 126,119 5,925 2,453 134,497

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 6,942 -
Other debtors - 793
6,942 793

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Taxation & social security 15,958 2,565
Other creditors 4,064 16,567
20,022 19,132

7. PROVISIONS FOR LIABILITIES
31.5.24 31.5.23
£    £   
Deferred tax 1,211 1,083

Deferred
tax
£   
Balance at 1 June 2023 1,083
Provided during year 128
Balance at 31 May 2024 1,211