Company Registration No. SC318710 (Scotland)
J & A Quinn Limited
Unaudited accounts
for the year ended 30 April 2024
J & A Quinn Limited
Statement of financial position
as at 30 April 2024
Tangible assets
245,043
268,420
Cash at bank and in hand
579,709
496,386
Creditors: amounts falling due within one year
(100,414)
(107,111)
Net current assets
527,667
433,095
Total assets less current liabilities
772,710
701,515
Creditors: amounts falling due after more than one year
(10,833)
(20,833)
Net assets
761,877
680,682
Called up share capital
100
100
Profit and loss account
761,777
680,582
Shareholders' funds
761,877
680,682
For the year ending 30 April 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 28 January 2025 and were signed on its behalf by
William Steven Quinn
Director
Company Registration No. SC318710
J & A Quinn Limited
Notes to the Accounts
for the year ended 30 April 2024
J & A Quinn Limited is a private company, limited by shares, registered in Scotland, registration number SC318710. The registered office is 34B Main Road, Springside, Irvine, Ayrshire, KA11 3AW, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
5 Years
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 May 2023
48,137
69,350
184,871
328,631
630,989
Additions
-
995
-
33,837
34,832
At 30 April 2024
48,137
70,345
184,871
362,468
665,821
At 1 May 2023
963
24,560
92,177
244,869
362,569
Charge for the year
2,359
9,156
23,174
23,520
58,209
At 30 April 2024
3,322
33,716
115,351
268,389
420,778
At 30 April 2024
44,815
36,629
69,520
94,079
245,043
At 30 April 2023
47,174
44,790
92,694
83,762
268,420
J & A Quinn Limited
Notes to the Accounts
for the year ended 30 April 2024
Amounts falling due after more than one year
Trade debtors
30,540
26,374
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,000
10,000
Trade creditors
25,207
21,571
Taxes and social security
51,944
49,480
Other creditors
13,263
26,060
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 20 (2023: 20).