Acorah Software Products - Accounts Production 16.1.200 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 07328113 Mr Stuart Davies Mr Brendan Quigley Mrs Maureen Quigley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07328113 2023-07-31 07328113 2024-07-31 07328113 2023-08-01 2024-07-31 07328113 frs-core:CurrentFinancialInstruments 2024-07-31 07328113 frs-core:Non-currentFinancialInstruments 2024-07-31 07328113 frs-core:ComputerEquipment 2024-07-31 07328113 frs-core:ComputerEquipment 2023-08-01 2024-07-31 07328113 frs-core:ComputerEquipment 2023-07-31 07328113 frs-core:MotorVehicles 2024-07-31 07328113 frs-core:MotorVehicles 2023-08-01 2024-07-31 07328113 frs-core:MotorVehicles 2023-07-31 07328113 frs-core:PlantMachinery 2024-07-31 07328113 frs-core:PlantMachinery 2023-08-01 2024-07-31 07328113 frs-core:PlantMachinery 2023-07-31 07328113 frs-core:ShareCapital 2024-07-31 07328113 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 07328113 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 07328113 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 07328113 frs-bus:SmallEntities 2023-08-01 2024-07-31 07328113 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 07328113 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 07328113 frs-bus:Director1 2023-08-01 2024-07-31 07328113 frs-bus:Director2 2023-08-01 2024-07-31 07328113 frs-bus:CompanySecretary1 2023-08-01 2024-07-31 07328113 frs-countries:EnglandWales 2023-08-01 2024-07-31 07328113 2022-07-31 07328113 2023-07-31 07328113 2022-08-01 2023-07-31 07328113 frs-core:CurrentFinancialInstruments 2023-07-31 07328113 frs-core:Non-currentFinancialInstruments 2023-07-31 07328113 frs-core:ShareCapital 2023-07-31 07328113 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 07328113
Quigley Property Services Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
CJM Associates
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07328113
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,096 1,518
1,096 1,518
CURRENT ASSETS
Stocks 5 3,500 3,500
Debtors 6 80,667 53,254
Cash at bank and in hand 4,999 12,836
89,166 69,590
Creditors: Amounts Falling Due Within One Year 7 (60,744 ) (55,399 )
NET CURRENT ASSETS (LIABILITIES) 28,422 14,191
TOTAL ASSETS LESS CURRENT LIABILITIES 29,518 15,709
Creditors: Amounts Falling Due After More Than One Year 8 (26,613 ) (37,851 )
NET ASSETS/(LIABILITIES) 2,905 (22,142 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 2,805 (22,242 )
SHAREHOLDERS' FUNDS 2,905 (22,142)
Page 1
Page 2
For the year ending 31 July 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 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Brendan Quigley
Director
03/03/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Quigley Property Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07328113 . The registered office is Whittamore Cottage, Dunston Heath, Stafford, Staffordshire, ST18 9AN.
The presentation currency of the financial statements is Pound Sterling (£)
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% RB
Motor Vehicles 25% RB
Computer Equipment 25% SL
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 7)
7 7
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4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 August 2023 1,500 3,000 375 4,875
As at 31 July 2024 1,500 3,000 375 4,875
Depreciation
As at 1 August 2023 1,464 1,725 168 3,357
Provided during the period 9 319 94 422
As at 31 July 2024 1,473 2,044 262 3,779
Net Book Value
As at 31 July 2024 27 956 113 1,096
As at 1 August 2023 36 1,275 207 1,518
5. Stocks
2024 2023
£ £
Work in progress 3,500 3,500
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 56,971 28,505
Other debtors 23,696 24,749
80,667 53,254
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 18,269 30,474
Bank loans and overdrafts 15,379 9,410
Other creditors 11,731 8,134
Taxation and social security 15,365 7,381
60,744 55,399
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 26,613 37,851
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9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5