Registered Number:07004792 |
For the year ended 31 August 2024
England and Wales
Unaudited Financial Statements
M QUIGLEY PIPEWORK LTD
Statement of Financial Position
2023
2024
Property, plant and equipment |
12,868
16,574
2
3
131,275
131,275
144,143
147,849
Trade and other receivables |
132,306
135,755
4
559,836
Cash and cash equivalents |
674,955
810,710
692,142
Trade and other payables: amounts falling due within one |
year |
(78,862)
(99,099)
5
613,280
711,611
Net current assets
Total assets less current liabilities |
855,754
761,129
(3,131)
(3,149)
Provisions for liabilities |
852,623
Net assets
757,980
1
1
852,622
757,979
852,623
757,980
Shareholders' funds
For the year ended 31 August 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 of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 31 October 2024 and were signed by: |
The notes form part of these financial statements |
1 of 4
For the year ended 31 August 2024
M QUIGLEY PIPEWORK LTD
Notes to the Financial Statements
Statutory Information
M QUIGLEY PIPEWORK LTD is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 07004792. |
3 Church Road
Sheldon
Birmingham
B26 3UG
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation . Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Vans & equipment
Fixtures and fittings
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
2 of 4
For the year ended 31 August 2024
M QUIGLEY PIPEWORK LTD
Notes to the Financial Statements Continued
2. Property, plant and equipment |
69,209
6,490
62,719
583
-
583
63,302
6,490
69,792
Provision for depreciation and impairment |
52,635
5,583
47,052
Charge for year
4,289
227
4,062
56,924
5,810
51,114
12,188
680
12,868
15,667
907
16,574
131,275
131,275
131,275
131,275
The director has considered the fair value of the property and does not consider any adjustment is required for the current year. |
4. Trade and other receivables |
2023
2024
107,196
86,760
Prepayments and accrued income |
9,338
6,491
Taxation and social security |
9,221
14,055
10,000
25,000
132,306
135,755
3 of 4
For the year ended 31 August 2024
M QUIGLEY PIPEWORK LTD
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year |
2023
2024
Taxation and social security |
81,494
73,693
Accruals and deferred income |
5,625
2,080
11,980
3,089
99,099
78,862
6. Related party transactions |
The ultimate controlling party during the year was Martin Quigley , director , whom controls the company by virtue of |
owning 100% of the share capital. |
7. Average number of persons employed |
During the year the average number of employees was 1 (2023 : 1)
4 of 4