Quinn & Company (Financial Services) Limited 05255777 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is Financial Advisers Digita Accounts Production Advanced 6.30.9574.0 true 05255777 2023-01-01 2023-12-31 05255777 2023-12-31 05255777 core:RetainedEarningsAccumulatedLosses 2023-12-31 05255777 core:ShareCapital 2023-12-31 05255777 core:CurrentFinancialInstruments 2023-12-31 05255777 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 05255777 core:FurnitureFittingsToolsEquipment 2023-12-31 05255777 bus:SmallEntities 2023-01-01 2023-12-31 05255777 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 05255777 bus:FullAccounts 2023-01-01 2023-12-31 05255777 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 05255777 bus:RegisteredOffice 2023-01-01 2023-12-31 05255777 bus:Director1 2023-01-01 2023-12-31 05255777 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05255777 core:FurnitureFittings 2023-01-01 2023-12-31 05255777 core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 05255777 countries:EnglandWales 2023-01-01 2023-12-31 05255777 2022-12-31 05255777 core:FurnitureFittingsToolsEquipment 2022-12-31 05255777 2022-01-01 2022-12-31 05255777 2022-12-31 05255777 core:RetainedEarningsAccumulatedLosses 2022-12-31 05255777 core:ShareCapital 2022-12-31 05255777 core:CurrentFinancialInstruments 2022-12-31 05255777 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 05255777 core:FurnitureFittingsToolsEquipment 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 05255777

Quinn & Company (Financial Services) Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023

 

Quinn & Company (Financial Services) Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Quinn & Company (Financial Services) Limited

(Registration number: 05255777)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

1,340

1,572

Current assets

 

Debtors

5

93,724

80,397

Cash at bank and in hand

 

29,624

43,342

 

123,348

123,739

Creditors: Amounts falling due within one year

6

(6,568)

(8,878)

Net current assets

 

116,780

114,861

Net assets

 

118,120

116,433

Capital and reserves

 

Called up share capital

1

1

Retained earnings

118,119

116,432

Shareholders' funds

 

118,120

116,433

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account and directors report has been taken.

Approved and authorised by the director on 23 September 2024
 

.........................................
Mr G Quinn
Director

 

Quinn & Company (Financial Services) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
15 Macon Court
Crewe
Cheshire
CW1 6EA
UK

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Quinn & Company (Financial Services) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures, fittings and computer equipment

15% reducing balance

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2022 - 2).

4

Tangible assets

Fixtures, fittings and computer equipment
 £

Total
£

Cost or valuation

At 1 January 2023

9,196

9,196

At 31 December 2023

9,196

9,196

Depreciation

At 1 January 2023

7,624

7,624

Charge for the year

232

232

At 31 December 2023

7,856

7,856

Carrying amount

At 31 December 2023

1,340

1,340

At 31 December 2022

1,572

1,572

5

Debtors

2023
£

2022
£

Amounts owed by group undertakings

93,724

80,397

 

Quinn & Company (Financial Services) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

472

403

Other creditors

6,096

8,475

6,568

8,878