Company Registration No. 04815507 (England and Wales)
Quayline Ltd
Unaudited accounts
for the year ended 5 April 2024
Quayline Ltd
Company Information
for the year ended 5 April 2024
Company Number
04815507 (England and Wales)
Registered Office
2 Locksley Close
Torquay
Devon
TQ1 3HQ
Accountants
MA and AM Locke Accountants
2 Locksley Close
Torquay
Devon
TQ1 3HQ
Quayline Ltd
Statement of financial position
as at 5 April 2024
Tangible assets
13,596
13,759
Cash at bank and in hand
57,732
72,324
Creditors: amounts falling due within one year
(6,368)
(14,270)
Net current assets
51,386
63,450
Called up share capital
2
2
Profit and loss account
64,980
77,207
Shareholders' funds
64,982
77,209
For the year ending 5 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 October 2024 and were signed on its behalf by
M S Shaw
Director
Company Registration No. 04815507
Quayline Ltd
Notes to the Accounts
for the year ended 5 April 2024
Quayline Ltd is a private company, limited by shares, registered in England and Wales, registration number 04815507. The registered office is 2 Locksley Close, Torquay, Devon, TQ1 3HQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
No depreciation
Motor vehicles
20% Reducing balance
Fixtures & fittings
15% Reducing balance
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 6 April 2023
12,768
6,743
4,500
24,011
At 5 April 2024
12,768
6,743
4,500
24,011
At 6 April 2023
-
6,033
4,219
10,252
Charge for the year
-
107
56
163
At 5 April 2024
-
6,140
4,275
10,415
At 5 April 2024
12,768
603
225
13,596
At 5 April 2023
12,768
710
281
13,759
Quayline Ltd
Notes to the Accounts
for the year ended 5 April 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
689
2,582
Loans from directors
4,879
10,938
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).