IRIS Accounts Production v24.1.0.578 NI670699 director 1.1.23 31.12.23 31.12.23 false true false false true false Ord 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhNI6706992022-12-31NI6706992023-12-31NI6706992023-01-012023-12-31NI6706992021-12-31NI6706992022-01-012022-12-31NI6706992022-12-31NI670699ns15:NorthernIreland2023-01-012023-12-31NI670699ns14:PoundSterling2023-01-012023-12-31NI670699ns10:Director12023-01-012023-12-31NI670699ns10:PrivateLimitedCompanyLtd2023-01-012023-12-31NI670699ns10:SmallEntities2023-01-012023-12-31NI670699ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-31NI670699ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-31NI670699ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-31NI670699ns10:FullAccounts2023-01-012023-12-31NI670699ns10:OrdinaryShareClass12023-01-012023-12-31NI670699ns10:RegisteredOffice2023-01-012023-12-31NI670699ns5:CurrentFinancialInstruments2023-12-31NI670699ns5:CurrentFinancialInstruments2022-12-31NI670699ns5:Non-currentFinancialInstruments2023-12-31NI670699ns5:Non-currentFinancialInstruments2022-12-31NI670699ns5:ShareCapital2023-12-31NI670699ns5:ShareCapital2022-12-31NI670699ns5:RetainedEarningsAccumulatedLosses2023-12-31NI670699ns5:RetainedEarningsAccumulatedLosses2022-12-31NI670699ns5:PlantMachinery2022-12-31NI670699ns5:MotorVehicles2022-12-31NI670699ns5:PlantMachinery2023-01-012023-12-31NI670699ns5:MotorVehicles2023-01-012023-12-31NI670699ns5:PlantMachinery2023-12-31NI670699ns5:MotorVehicles2023-12-31NI670699ns5:PlantMachinery2022-12-31NI670699ns5:MotorVehicles2022-12-31NI670699ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-31NI670699ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31NI670699ns10:OrdinaryShareClass12023-12-31
REGISTERED NUMBER: NI670699 (Northern Ireland)















QUINN OFFSITE LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023






QUINN OFFSITE LTD (REGISTERED NUMBER: NI670699)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


QUINN OFFSITE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Fearghus Michael Quinn





REGISTERED OFFICE: 78 Kilmnascally Road
Dungannon
BT71 5BJ





REGISTERED NUMBER: NI670699 (Northern Ireland)





ACCOUNTANTS: CavanaghKelly
Chartered Accountants
36-38 Northland Row
Dungannon
Co. Tyrone
BT71 6AP

QUINN OFFSITE LTD (REGISTERED NUMBER: NI670699)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £ £
NON-CURRENT ASSETS
Property, Plant & Equipment 5 36,876 30,334

CURRENT ASSETS
Inventories 54,103 10,775
Receivables: amounts falling due within
one year

6

663

11,652
Cash at bank 5,395 6,359
60,161 28,786
PAYABLES
Amounts falling due within one year 7 (45,962 ) (17,632 )
NET CURRENT ASSETS 14,199 11,154
TOTAL ASSETS LESS CURRENT
LIABILITIES

51,075

41,488

PAYABLES
Amounts falling due after more than
one year

8

(5,074

)

-
NET ASSETS 46,001 41,488

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 46,000 41,487
SHAREHOLDERS' FUNDS 46,001 41,488

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

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

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 16 May 2024 and were signed by:



Fearghus Michael Quinn - Director


QUINN OFFSITE LTD (REGISTERED NUMBER: NI670699)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Quinn Offsite Ltd is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The accounts are prepared under the historical cost convention modified when necessary to include the revaluation of certain fixed assets.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Property, plant and equipment
Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. Cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:

Plant and Machinery- 25% Reducing Balance
Motor Vehicles- 25% Reducing Balance

The carrying values of property, plant and equipment are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Inventories
Stocks are valued at the lower of cost and net realisable value. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

Taxation
Taxation for the year comprises current 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 tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Cash flow statement
The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.

Share capital
Ordinary Shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares are shown in equity as a deduction, net of tax, from the proceeds.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand and deposits held at call with banks

Finance costs
Finance costs are charged to the Income Statement over the term of the debt..

QUINN OFFSITE LTD (REGISTERED NUMBER: NI670699)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

5. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor
machinery vehicles Totals
£ £ £
COST
At 1 January 2023 39,886 - 39,886
Additions - 18,496 18,496
At 31 December 2023 39,886 18,496 58,382
DEPRECIATION
At 1 January 2023 9,552 - 9,552
Charge for year 7,583 4,371 11,954
At 31 December 2023 17,135 4,371 21,506
NET BOOK VALUE
At 31 December 2023 22,751 14,125 36,876
At 31 December 2022 30,334 - 30,334

6. RECEIVABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Other receivables 663 11,652

7. PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 6,744 -
Trade payables 1,260 -
Taxation and social security - 2,142
Other payables 37,958 15,490
45,962 17,632

8. PAYABLES: AMOUNTS FALLING DUE AFTER ONE YEAR
2023 2022
£ £
Bank loans 5,074 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
1 Ord 1 1 1

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

A balance of £36,758 (2022 - £14,289) was owing from the company to the director at the
year end.