BrightAccountsProduction v1.0.0 v1.0.0 2023-04-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is the provision of consultancy services. 26 October 2024 11 11 NI030837 2024-03-31 NI030837 2023-03-31 NI030837 2022-03-31 NI030837 2023-04-01 2024-03-31 NI030837 2022-04-01 2023-03-31 NI030837 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 NI030837 uk-curr:PoundSterling 2023-04-01 2024-03-31 NI030837 uk-bus:AbridgedAccounts 2023-04-01 2024-03-31 NI030837 uk-core:ShareCapital 2024-03-31 NI030837 uk-core:ShareCapital 2023-03-31 NI030837 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 NI030837 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 NI030837 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-03-31 NI030837 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-03-31 NI030837 uk-bus:FRS102 2023-04-01 2024-03-31 NI030837 uk-core:PlantMachinery 2023-04-01 2024-03-31 NI030837 uk-core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 NI030837 uk-core:MotorVehicles 2023-04-01 2024-03-31 NI030837 uk-core:ParentEntities 2023-04-01 2024-03-31 NI030837 uk-countries:NorthernIreland 2023-04-01 2024-03-31 NI030837 uk-bus:Director1 2023-04-01 2024-03-31 NI030837 uk-bus:Director2 2023-04-01 2024-03-31 NI030837 uk-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
 
Quigg Golden Limited
 
Abridged Unaudited Financial Statements
 
for the financial year ended 31 March 2024



Quigg Golden Limited
Company Registration Number: NI030837
ABRIDGED BALANCE SHEET
as at 31 March 2024

2024 2023
Notes £ £
 
Fixed Assets
 
Tangible assets 4 11,722 67,639
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Current Assets
 
Debtors 500,609 1,097,455
 
Cash at bank and in hand (7,707) 167,028
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492,902 1,264,483
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Creditors: amounts falling due within one year (392,913) (1,252,419)
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Net Current Assets 99,989 12,064
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Total Assets less Current Liabilities 111,711 79,703
 
Creditors:
 
amounts falling due after more than one year - (1,270)
 
 
Provisions for liabilities (1) (12,381)
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Net Assets 111,710 66,052
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Capital and Reserves
 
Called up share capital 200 200
 
Retained earnings 111,510 65,852
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Shareholders' Funds 111,710 66,052
═════════ ═════════
 
The financial statements have been prepared 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).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Directors' Report.
For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 26 October 2024 and signed on its behalf by
           
           
           
________________________________          
Mr. James Golden          
Director          
           
           
           
________________________________
Mr. Edward Quigg
Director
           



Quigg Golden Limited
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 March 2024

   
1. General Information
 
Quigg Golden Limited is a private company limited by shares incorporated in Northern Ireland. The registered office of the company is 18-22 Hill Street, Cathedral Quarter, Belfast, Co. Antrim, BT1 2LA, Northern Ireland which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.

These financial statements cover the individual entity Quigg Golden Limited for the financial year ended 31st March 2024.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 March 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of services supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Plant and machinery - 25% Straight line
  Fixtures, fittings and equipment - 15% Straight line
  Motor vehicles - 25% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Leasing and hire purchases
Tangible assets held under leasing and Hire Purchases arrangements which transfer substantially all the risks and rewards of ownership to the company are capitalised and included in the Balance Sheet at their cost or valuation, less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect of these obligations are treated as consisting of capital and interest elements, with interest charged to the Profit and Loss Account.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
 
Exceptional item
Exceptional items are those that the directors' view are required to be separately disclosed by virtue of their size or incidence to enable a full understanding of the company's financial performance.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was
 
  2024 2023
  Number Number
 
Full time 11 11
  ═════════ ═════════
           
4. Tangible assets
  Plant and Fixtures, Motor Total
  machinery fittings and vehicles  
    equipment    
  £ £ £ £
Cost
At 1 April 2023 47,513 56,842 157,777 262,132
Additions 8,088 - - 8,088
Disposals - - (110,487) (110,487)
  ───────── ───────── ───────── ─────────
At 31 March 2024 55,601 56,842 47,290 159,733
  ───────── ───────── ───────── ─────────
Depreciation
At 1 April 2023 41,289 50,100 103,104 194,493
Charge for the financial year 3,383 5,949 36,312 45,644
On disposals - - (92,126) (92,126)
  ───────── ───────── ───────── ─────────
At 31 March 2024 44,672 56,049 47,290 148,011
  ───────── ───────── ───────── ─────────
Net book value
At 31 March 2024 10,929 793 - 11,722
  ═════════ ═════════ ═════════ ═════════
At 31 March 2023 6,224 6,742 54,673 67,639
  ═════════ ═════════ ═════════ ═════════
   
5. Parent company
 
The company regards Doon Limited as its parent company.
 
   
6. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.