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Company Registration No. 09955031 (England and Wales)
Quaystone Investments Limited Unaudited accounts for the year ended 31 August 2024
Quaystone Investments Limited Unaudited accounts Contents
Page
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Quaystone Investments Limited Company Information for the year ended 31 August 2024
Director
J W Traynor
Company Number
09955031 (England and Wales)
Registered Office
Springside Forest Road East Horsley Leatherhead KT24 5AZ
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Quaystone Investments Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
10,216 
25,979 
Investments
587 
587 
10,803 
26,566 
Current assets
Inventories
31,279 
117,731 
Debtors
1,591,094 
1,455,583 
Cash at bank and in hand
5,777 
2,490 
1,628,150 
1,575,804 
Creditors: amounts falling due within one year
(1,068,743)
(1,065,748)
Net current assets
559,407 
510,056 
Net assets
570,210 
536,622 
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
570,010 
536,422 
Shareholders' funds
570,210 
536,622 
For the year ending 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 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 January 2025 and were signed on its behalf by
J W Traynor Director Company Registration No. 09955031
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Quaystone Investments Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Quaystone Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 09955031. The registered office is Springside, Forest Road, East Horsley, Leatherhead, KT24 5AZ.
2
Accounting policies
Accounting convention
These financial statements comply with Financial Reporting Standard 102 Section 1A.
Going concern justification
The financial statements have been prepared on the going concern basis, which assumes that the company will be profitable and to receive group support to meet its liabilities as they fall due.
Revenue
Revenue, described as management charges, is the value of services (net of VAT) provided to group companies during the year. Revenue is recognised on the provision of services on a percentage degree of completion basis calculated by reference to the time expended compared to the total anticipated time. Revenue, described as turnover, is the value of goods (net of VAT) provided to customers during the year. Revenue is recognised on the sale of goods when the goods are delivered and title has passed.
Tangible assets
Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles
33% per annum straight line
Computer equipment
33% per annum straight line
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is the average cost of the stock held at the balance sheet date. At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying value is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit before tax.
Pension costs
The company contributes to a defined benefit small self-administered pension scheme. The pension charge represents the amount payable by the company to the fund in respect of the year.
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Quaystone Investments Limited Notes to the Accounts for the year ended 31 August 2024
3
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2023
51,050 
1,888 
52,938 
Additions
- 
2,432 
2,432 
At 31 August 2024
51,050 
4,320 
55,370 
Depreciation
At 1 September 2023
25,525 
1,434 
26,959 
Charge for the year
17,017 
1,178 
18,195 
At 31 August 2024
42,542 
2,612 
45,154 
Net book value
At 31 August 2024
8,508 
1,708 
10,216 
At 31 August 2023
25,525 
454 
25,979 
4
Investments
Subsidiary undertakings 
£ 
Valuation at 1 September 2023
587 
Valuation at 31 August 2024
587 
The company's investments at the balance sheet date in the share capital of companies were as shown below. All investments comprise 100% of the £1 Ordinary share capital of each company, except P-Wave Distributors Ltd, which is 87%. Company name and nature of business: SGI Industries Ltd - Sales and Marketing £100 SGI Fix-master Ltd - Dormant £100 P-Wave Distributors Ltd - Sales and Marketing £87 Maintech Products Ltd - Dormant £100 Splash Hogs Ltd - Dormant £100 QI Warehousing and Logistics Ltd - Dormant £100
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
1,307,035 
756,969 
Other debtors
284,059 
698,614 
1,591,094 
1,455,583 
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Quaystone Investments Limited Notes to the Accounts for the year ended 31 August 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
74 
63 
Amounts owed to group undertakings and other participating interests
232,960 
542,603 
Taxes and social security
189,870 
9,950 
Other creditors
313,157 
11,668 
Loans from directors
332,682 
501,464 
1,068,743 
1,065,748 
7
Transactions with related parties
The following material related party transactions have not been conducted under normal market conditions: The amounts owed to group undertakings of £232,960 (2023: £542,603) to subsidiary company, SGI Industries Ltd. These balances are repayable in demand and are not chargeable to interest. The amounts owed by group undertakings of £1,307,035 (2023: £756,969) comprise amounts due from the company's subsidiary P-Wave Distributors Ltd, and its holding company, Quaystone Holdings Ltd. These balances are repayable on demand and are not chargeable to interest. Advances of £332,682 (2023: £501,464) at the balance sheet date made by a director of the company is repayable on demand and are not currently subject to interest.
8
Controlling party
The company is a subsidiary, however, no consolidated financial statements are prepared for any group within which the company is a member.
9
Post balance sheet events
A trading subsidiary, P-Wave Distributors Ltd was sold to a third party on 2 September 2024.
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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