IRIS Accounts Production v24.3.2.46 03357649 Board of Directors 1.5.23 30.4.24 30.4.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh033576492023-04-30033576492024-04-30033576492023-05-012024-04-30033576492022-04-30033576492022-05-012023-04-30033576492023-04-3003357649ns15:EnglandWales2023-05-012024-04-3003357649ns14:PoundSterling2023-05-012024-04-3003357649ns10:Director12023-05-012024-04-3003357649ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3003357649ns10:SmallEntities2023-05-012024-04-3003357649ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3003357649ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3003357649ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3003357649ns10:FullAccounts2023-05-012024-04-3003357649ns10:OrdinaryShareClass12023-05-012024-04-3003357649ns10:Director22023-05-012024-04-3003357649ns10:CompanySecretary12023-05-012024-04-3003357649ns10:RegisteredOffice2023-05-012024-04-3003357649ns5:CurrentFinancialInstruments2024-04-3003357649ns5:CurrentFinancialInstruments2023-04-3003357649ns5:Non-currentFinancialInstruments2024-04-3003357649ns5:Non-currentFinancialInstruments2023-04-3003357649ns5:ShareCapital2024-04-3003357649ns5:ShareCapital2023-04-3003357649ns5:RetainedEarningsAccumulatedLosses2024-04-3003357649ns5:RetainedEarningsAccumulatedLosses2023-04-3003357649ns5:PlantMachinery2023-05-012024-04-3003357649ns5:ComputerEquipment2023-05-012024-04-3003357649ns5:PlantMachinery2023-04-3003357649ns5:ComputerEquipment2023-04-3003357649ns5:PlantMachinery2024-04-3003357649ns5:ComputerEquipment2024-04-3003357649ns5:PlantMachinery2023-04-3003357649ns5:ComputerEquipment2023-04-3003357649ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3003357649ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-3003357649ns5:Non-currentFinancialInstruments2023-05-012024-04-3003357649ns10:OrdinaryShareClass12024-04-3003357649ns5:RetainedEarningsAccumulatedLosses2023-04-3003357649ns5:RetainedEarningsAccumulatedLosses2023-05-012024-04-30
REGISTERED NUMBER: 03357649 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

QUINTON POULTON MANAGEMENT LIMITED

QUINTON POULTON MANAGEMENT LIMITED (REGISTERED NUMBER: 03357649)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


QUINTON POULTON MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: D J Goad
Q M Poulton





SECRETARY: Q M Poulton





REGISTERED OFFICE: 8 Lansdowne Gardens
Hellingly Hailsham
East Sussex
BN27 1LQ





REGISTERED NUMBER: 03357649 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
2nd Floor
Medway Bridge House
1-8 Fairmeadow
Maidstone
Kent
ME14 1JP

QUINTON POULTON MANAGEMENT LIMITED (REGISTERED NUMBER: 03357649)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,164 921

CURRENT ASSETS
Debtors 5 73,828 75,245
Cash at bank and in hand 12,684 12,894
86,512 88,139
CREDITORS
Amounts falling due within one year 6 13,854 18,103
NET CURRENT ASSETS 72,658 70,036
TOTAL ASSETS LESS CURRENT
LIABILITIES

74,822

70,957

CREDITORS
Amounts falling due after more than one
year

7

(3,273

)

(5,819

)

PROVISIONS FOR LIABILITIES (483 ) (159 )
NET ASSETS 71,066 64,979

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 71,065 64,978
SHAREHOLDERS' FUNDS 71,066 64,979

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 23 January 2025 and were signed on its behalf by:





Q M Poulton - Director


QUINTON POULTON MANAGEMENT LIMITED (REGISTERED NUMBER: 03357649)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Quinton Poulton Management 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.

Going concern
Accounting standards require the directors to consider the appropriateness of the going concern basis when preparing the financial statements. The directors confirm that they consider that the going concern basis remains appropriate. The directors believe that the company has sufficient resources to continue in operational existence for the foreseeable future. The directors believe this to be the case as the company has positive reserves, cash balances and no significant long term liabilities.

Thus, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

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.
Office equipment - 25% on reducing balance
Computer equipment - 25% on cost

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of the financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

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.

QUINTON POULTON MANAGEMENT LIMITED (REGISTERED NUMBER: 03357649)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued

Financial reporting standard frs 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemptions in preparing these
financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in
the UK and Republic of Ireland":
- the requirements of Section 7 Statement of Cash Flows;
- the requirements of Section 3 Financial Statement Presentation paragraph 3.17 (d);
- the requirements of Section 11 Financial Instruments paragraphs 11.39 to 11.48A;
- the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.29;
- the requirements of Section 26 Share-based Payment paragraphs 26.18(b), 26.19 to 26.21 and
26.23;
- the requirements of Section 33 Related Party Disclosures paragraph 33.7.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term creditors are measured at the transaction price.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more then 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known accounts of cash with no significant risk of change in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Office Computer
equipment equipment Totals
£    £    £   
COST
At 1 May 2023 14,542 769 15,311
Additions 1,839 - 1,839
At 30 April 2024 16,381 769 17,150
DEPRECIATION
At 1 May 2023 13,733 657 14,390
Charge for year 484 112 596
At 30 April 2024 14,217 769 14,986
NET BOOK VALUE
At 30 April 2024 2,164 - 2,164
At 30 April 2023 809 112 921

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 73,828 75,245

QUINTON POULTON MANAGEMENT LIMITED (REGISTERED NUMBER: 03357649)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,546 2,483
Taxation and social security 1,231 1,130
Other creditors 10,077 14,490
13,854 18,103

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 3,273 5,819

The company has an existing £5,819 Bounce Back loan as part of the Covid-19 Government support to businesses during the pandemic. Interest is payable on the loan at 2.5% per annum over 6 years. The interest payable for the first 12 months is paid by the Government. The loan is due to be repaid in 60 monthly instalments commencing 12 months from the drawdown date. The loan is secured by a Government backed guarantee.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

9. RESERVES
Retained
earnings
£   

At 1 May 2023 64,978
Profit for the year 6,087
At 30 April 2024 71,065

10. RELATED PARTY DISCLOSURES

During the year, the company owed £4,697 to director Q Poulton (2023: £9,276). The loan is interest free, repayable upon demand and included within other creditors.

Additionally, the company owed £2,215 (2023: £2,215) to director D Goad, included within other creditors.

At the year end date, the company was owed £8,185 (2023: £7,799) from a daughter of one of the directors. This has been included within other debtors.

At the year end date, the company was also owed £42,821 by East Sussex Foods Limited, a company under the control of the directors of Quinton Poulton Management Limited (2023: £48,021), included within other debtors. During the year, the company was charged £2,200 (2023: £1,683) for Electricity and £3,000 (2023 £3,000) for Rent by East Sussex Foods Limited.

11. ULTIMATE CONTROLLING PARTY

The controlling party is Q M Poulton.