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REGISTERED NUMBER: 08423846 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2024

FOR

QUAY CREW LIMITED

QUAY CREW LIMITED (REGISTERED NUMBER: 08423846)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


QUAY CREW LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







DIRECTORS: Mr T Clarke
Miss C Clarke





REGISTERED OFFICE: 39 The Metro Centre
Tolpits Lane
Watford
Hertfordshire
WD18 9SB





REGISTERED NUMBER: 08423846 (England and Wales)





ACCOUNTANTS: Meades Group Limited
39 The Metro Centre
Tolpits Lane
Watford
Hertfordshire
WD18 9SB

QUAY CREW LIMITED (REGISTERED NUMBER: 08423846)

STATEMENT OF FINANCIAL POSITION
30TH APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,423 12,653

CURRENT ASSETS
Debtors 5 121,390 106,272
Cash at bank 500,089 489,254
621,479 595,526
CREDITORS
Amounts falling due within one
year

6

168,740

121,965
NET CURRENT ASSETS 452,739 473,561
TOTAL ASSETS LESS CURRENT
LIABILITIES

463,162

486,214

CREDITORS
Amounts falling due after more
than one year

7

(12,500

)

(22,499

)

PROVISIONS FOR LIABILITIES (2,606 ) (2,057 )
NET ASSETS 448,056 461,658

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 447,956 461,558
SHAREHOLDERS' FUNDS 448,056 461,658

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

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

QUAY CREW LIMITED (REGISTERED NUMBER: 08423846)

STATEMENT OF FINANCIAL POSITION - continued
30TH APRIL 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20th January 2025 and were signed on its behalf by:





Mr T Clarke - Director


QUAY CREW LIMITED (REGISTERED NUMBER: 08423846)

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

1. STATUTORY INFORMATION

Quay Crew 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.
Long leasehold - Over the lease term
Plant and machinery - Straight line over 3 years
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

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.

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.

QUAY CREW LIMITED (REGISTERED NUMBER: 08423846)

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

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

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 15 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Long Plant and Computer
leasehold machinery equipment Totals
£    £    £    £   
COST
At 1st May 2023 5,245 16,026 18,420 39,691
Additions 717 3,161 - 3,878
At 30th April 2024 5,962 19,187 18,420 43,569
DEPRECIATION
At 1st May 2023 818 9,079 17,141 27,038
Charge for year 1,109 4,679 320 6,108
At 30th April 2024 1,927 13,758 17,461 33,146
NET BOOK VALUE
At 30th April 2024 4,035 5,429 959 10,423
At 30th April 2023 4,427 6,947 1,279 12,653

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2024 2023
£    £   
Trade debtors 90,741 81,082
Other debtors 10,712 10,713
Directors' current accounts 18,436 -
Prepayments 1,501 14,477
121,390 106,272

QUAY CREW LIMITED (REGISTERED NUMBER: 08423846)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 13,350 12,289
Corporation tax 102,429 64,131
Social security and other taxes 37,057 12,893
VAT 1,603 3,284
Other creditors 2,754 10,122
Directors' current accounts 1,547 6,269
Accrued expenses - 2,977
168,740 121,965

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans more than a year 12,500 22,499

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year - 109,419

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30th April 2024 and 30th April 2023:

2024 2023
£    £   
Mr T Clarke
Balance outstanding at start of year (89 ) 377
Amounts advanced 21,540 13,484
Amounts repaid (3,015 ) (13,950 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 18,436 (89 )

Miss C Clarke
Balance outstanding at start of year (6,180 ) (5,597 )
Amounts advanced 4,927 2,601
Amounts repaid (294 ) (3,184 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,547 ) (6,180 )

QUAY CREW LIMITED (REGISTERED NUMBER: 08423846)

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

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

The directors' current account balances have no fixed date for repayment, are repayable on demand and include no interest charge.