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REGISTERED NUMBER: 03806388 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

QUILL CONSTRUCTION LTD

QUILL CONSTRUCTION LTD (REGISTERED NUMBER: 03806388)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


QUILL CONSTRUCTION LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr Dean Johnston
Mr Robert Johnston
Mr Ryan King
Mr Paul Frederick Hoskings





SECRETARY: Mrs Sharon Helen Johnston





REGISTERED OFFICE: 38 Brook Road
Rayleigh
Essex
SS6 7XJ





REGISTERED NUMBER: 03806388 (England and Wales)





ACCOUNTANTS: Tish Press & Company
Create Business Hub
Ground Floor
5 Rayleigh Road
Hutton, Brentwood.
Essex
CM13 1AB

QUILL CONSTRUCTION LTD (REGISTERED NUMBER: 03806388)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,233,669 1,246,294

CURRENT ASSETS
Debtors 5 1,623,521 1,774,054
Cash at bank and in hand 497,895 501,445
2,121,416 2,275,499
CREDITORS
Amounts falling due within one year 6 690,082 696,026
NET CURRENT ASSETS 1,431,334 1,579,473
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,665,003

2,825,767

CREDITORS
Amounts falling due after more than one
year

7

(83,470

)

(114,905

)

PROVISIONS FOR LIABILITIES (13,754 ) (12,648 )
NET ASSETS 2,567,779 2,698,214

CAPITAL AND RESERVES
Called up share capital 100 100
Capital redemption reserve 2 -
Retained earnings 2,567,677 2,698,114
SHAREHOLDERS' FUNDS 2,567,779 2,698,214

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

QUILL CONSTRUCTION LTD (REGISTERED NUMBER: 03806388)

BALANCE SHEET - continued
31 MARCH 2024


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 Board of Directors and authorised for issue on 9 October 2024 and were signed on its behalf by:





Mr Dean Johnston - Director


QUILL CONSTRUCTION LTD (REGISTERED NUMBER: 03806388)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Quill Construction 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

QUILL CONSTRUCTION LTD (REGISTERED NUMBER: 03806388)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 18 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2023 1,161,868 212 15,462
Additions - - 733
Disposals - - -
At 31 March 2024 1,161,868 212 16,195
DEPRECIATION
At 1 April 2023 - 93 12,089
Charge for year - 30 617
Eliminated on disposal - - -
At 31 March 2024 - 123 12,706
NET BOOK VALUE
At 31 March 2024 1,161,868 89 3,489
At 31 March 2023 1,161,868 119 3,373

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 185,475 36,573 1,399,590
Additions 19,755 1,945 22,433
Disposals (80,674 ) - (80,674 )
At 31 March 2024 124,556 38,518 1,341,349
DEPRECIATION
At 1 April 2023 109,079 32,035 153,296
Charge for year 15,067 3,212 18,926
Eliminated on disposal (64,542 ) - (64,542 )
At 31 March 2024 59,604 35,247 107,680
NET BOOK VALUE
At 31 March 2024 64,952 3,271 1,233,669
At 31 March 2023 76,396 4,538 1,246,294

QUILL CONSTRUCTION LTD (REGISTERED NUMBER: 03806388)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023 45,275
Additions 19,755
At 31 March 2024 65,030
DEPRECIATION
At 1 April 2023 14,568
Charge for year 7,677
At 31 March 2024 22,245
NET BOOK VALUE
At 31 March 2024 42,785
At 31 March 2023 30,707

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,573,129 1,400,777
Other debtors 3,000 359,423
Directors' current accounts 4,585 -
Prepayments and accrued income 42,807 13,854
1,623,521 1,774,054

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 31,135 29,724
Hire purchase contracts 10,705 7,751
Trade creditors 274,069 222,428
Tax 77,132 95,254
Social security and other taxes 41,422 25,853
VAT 206,752 117,220
Other creditors 10,286 14,796
Directors' current accounts 50 -
Accruals and deferred income 38,531 183,000
690,082 696,026

QUILL CONSTRUCTION LTD (REGISTERED NUMBER: 03806388)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 31,135 29,724
Bank loans - 2-5 years 40,251 74,208
Hire purchase contracts 12,084 10,973
83,470 114,905

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 22,789 18,724

The hire purchase creditors are secured on the assets to which they relate.