Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 SC227607 Mr John Quinn Mrs Helen Quinn iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC227607 2023-03-31 SC227607 2024-03-31 SC227607 2023-04-01 2024-03-31 SC227607 frs-core:ComputerEquipment 2023-04-01 2024-03-31 SC227607 frs-core:FurnitureFittings 2023-04-01 2024-03-31 SC227607 frs-core:NetGoodwill 2023-04-01 2024-03-31 SC227607 frs-core:MotorVehicles 2023-04-01 2024-03-31 SC227607 frs-core:PlantMachinery 2023-04-01 2024-03-31 SC227607 frs-core:ShareCapital 2024-03-31 SC227607 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 SC227607 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC227607 frs-bus:AbridgedAccounts 2023-04-01 2024-03-31 SC227607 frs-bus:SmallEntities 2023-04-01 2024-03-31 SC227607 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 SC227607 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 SC227607 frs-bus:Director1 2023-04-01 2024-03-31 SC227607 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 SC227607 frs-countries:Scotland 2023-04-01 2024-03-31 SC227607 2022-03-31 SC227607 2023-03-31 SC227607 2022-04-01 2023-03-31 SC227607 frs-core:ShareCapital 2023-03-31 SC227607 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: SC227607
Quinn's Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 March 2024
TMQ Chartered Accountants
(Trading Name of Martin Robertson Associates Ltd)
5 Kings Court
Off High Street
Falkirk
FK1 1PG
Unaudited Financial Statements
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: SC227607
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 247
Tangible Assets 5 628 837
628 1,084
CURRENT ASSETS
Debtors 9,526 14,398
Cash at bank and in hand 25,858 24,235
35,384 38,633
Creditors: Amounts Falling Due Within One Year (77,148 ) (67,347 )
NET CURRENT ASSETS (LIABILITIES) (41,764 ) (28,714 )
TOTAL ASSETS LESS CURRENT LIABILITIES (41,136 ) (27,630 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (731 ) (731 )
NET LIABILITIES (41,867 ) (28,361 )
CAPITAL AND RESERVES
Called up share capital 6 1,000 1,000
Profit and Loss Account (42,867 ) (29,361 )
SHAREHOLDERS' FUNDS (41,867) (28,361)
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 March 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr John Quinn
Director
11th November 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Quinn's Limited is a private company, limited by shares, incorporated in Scotland, registered number SC227607 . The registered office is Brandon House Units 21-23 Brandon House, 23-25 Brandon Street, Hamilon, South Lanarkshire, ML3 6DA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% RB
Motor Vehicles 25% RB
Fixtures & Fittings 25 % RB
Computer Equipment 33% SL
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
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4. Intangible Assets
Total
£
Cost
As at 1 April 2023 8,570
As at 31 March 2024 8,570
Amortisation
As at 1 April 2023 8,323
Provided during the period 247
As at 31 March 2024 8,570
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 247
5. Tangible Assets
Total
£
Cost
As at 1 April 2023 106,960
As at 31 March 2024 106,960
Depreciation
As at 1 April 2023 106,123
Provided during the period 209
As at 31 March 2024 106,332
Net Book Value
As at 31 March 2024 628
As at 1 April 2023 837
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
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