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REGISTERED NUMBER: 11233628 (England and Wales)















Queens Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024






Queens Limited (Registered number: 11233628)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Queens Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: M Quail
W B Ramsay
J P Gourlay





REGISTERED OFFICE: Unit 2
54 Jeffreys Road
London
EN3 7UA





REGISTERED NUMBER: 11233628 (England and Wales)





ACCOUNTANTS: VCS Accountancy Ltd
Finchley Park
Emmet Hill Lane
Laddingford
Kent
ME18 6BG

Queens Limited (Registered number: 11233628)

Balance Sheet
31 March 2024

31/3/24 31/3/23
Notes £ £
FIXED ASSETS
Tangible assets 4 77,742 92,682

CURRENT ASSETS
Debtors 5 687,976 609,559
Cash at bank and in hand 137,821 198,943
825,797 808,502
CREDITORS
Amounts falling due within one year 6 (1,022,397 ) (720,761 )
NET CURRENT (LIABILITIES)/ASSETS (196,600 ) 87,741
TOTAL ASSETS LESS CURRENT
LIABILITIES

(118,858

)

180,423

CREDITORS
Amounts falling due after more than
one year

7

(371,357

)

(397,091

)
NET LIABILITIES (490,215 ) (216,668 )

CAPITAL AND RESERVES
Called up share capital 1,489 1,511
Share premium 419,689 419,689
Capital redemption reserve 201,694 201,673
Retained earnings (1,113,087 ) (839,541 )
(490,215 ) (216,668 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 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.

Queens Limited (Registered number: 11233628)

Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 January 2025 and were signed on its behalf by:





M Quail - Director


Queens Limited (Registered number: 11233628)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Queens Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - straight line over 3 years
Motor vehicles - straight line over 3 years

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Queens Limited (Registered number: 11233628)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 19 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 April 2023 301,800
Additions 51,970
Disposals (63,485 )
At 31 March 2024 290,285
DEPRECIATION
At 1 April 2023 209,118
Charge for year 66,910
Eliminated on disposal (63,485 )
At 31 March 2024 212,543
NET BOOK VALUE
At 31 March 2024 77,742
At 31 March 2023 92,682

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£ £
Trade debtors 402,256 388,131
Other debtors 184,928 186,070
Directors' current accounts - 50
Prepayments 100,792 35,308
687,976 609,559

Queens Limited (Registered number: 11233628)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£ £
Bank loans and overdrafts 10,117 10,055
Finance leases (see note 8) - 11,872
Trade creditors 414,604 417,943
Taxation and social security 142,236 155,740
Other creditors 455,440 125,151
1,022,397 720,761

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31/3/24 31/3/23
£ £
Bank loans 13,409 23,472
Other creditors 357,948 373,619
371,357 397,091

8. LEASING AGREEMENTS

At 31 March 2024, the company had total commitments under non-cancellable operating leases over the remaining useful life of those leases of £1,859,167.