QUILLIAM PRESS LTD

Company Registration Number:
02295006 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2024

Period of accounts

Start date: 1 March 2023

End date: 28 February 2024

QUILLIAM PRESS LTD

Contents of the Financial Statements

for the Period Ended 28 February 2024

Balance sheet
Additional notes
Balance sheet notes

QUILLIAM PRESS LTD

Balance sheet

As at 28 February 2024

Notes 2024 2023


£

£
Current assets
Stocks: 3 23,152 20,193
Debtors: 4 17,074 9,944
Cash at bank and in hand: 45,282 40,208
Total current assets: 85,508 70,345
Creditors: amounts falling due within one year: 5 ( 59,482 ) ( 53,365 )
Net current assets (liabilities): 26,026 16,980
Total assets less current liabilities: 26,026 16,980
Total net assets (liabilities): 26,026 16,980
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 26,024 16,978
Total Shareholders' funds: 26,026 16,980

The notes form part of these financial statements

QUILLIAM PRESS LTD

Balance sheet statements

For the year ending 28 February 2024 the company was entitled to exemption 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 directors acknowledge their 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 18 February 2025
and signed on behalf of the board by:

Name: T J Winter
Status: Director

The notes form part of these financial statements

QUILLIAM PRESS LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

    Other accounting policies

    Taxation The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference. Stocks Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition. Financial instruments The Company only enters into basic financial instrument transactions like trade and other debtors creditors. Financial assets that are measured at cost and amortised costs are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

QUILLIAM PRESS LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 1 1

QUILLIAM PRESS LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

3. Stocks

2024 2023
£ £
Stocks 23,152 20,193
Total 23,152 20,193

QUILLIAM PRESS LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

4. Debtors

2024 2023
£ £
Trade debtors 17,074 9,944
Total 17,074 9,944

QUILLIAM PRESS LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 4,847 3,865
Taxation and social security 2,690 568
Other creditors 51,945 48,932
Total 59,482 53,365