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REGISTERED NUMBER: 03789545 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

QUAY TRADERS LIMITED

QUAY TRADERS LIMITED (REGISTERED NUMBER: 03789545)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


QUAY TRADERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mr L B Dorman
Mrs C Dorman





REGISTERED OFFICE: Murrills House
48 East Street
Portchester
Hampshire
PO16 9XS





BUSINESS ADDRESS: Unit 5
Manor House Avenue
Millbrook
Southampton
Hampshire
SO15 0AW





REGISTERED NUMBER: 03789545 (England and Wales)





ACCOUNTANTS: BK Plus Limited
Chartered Certified Accountants
Murrills House
48 East Street
Portchester
Fareham
Hampshire
PO16 9XS

QUAY TRADERS LIMITED (REGISTERED NUMBER: 03789545)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 402,992 421,468

CURRENT ASSETS
Stocks 640,000 800,000
Debtors 5 240,754 205,361
Cash at bank and in hand 622,772 356,478
1,503,526 1,361,839
CREDITORS
Amounts falling due within one year 6 180,342 143,023
NET CURRENT ASSETS 1,323,184 1,218,816
TOTAL ASSETS LESS CURRENT LIABILITIES 1,726,176 1,640,284

PROVISIONS FOR LIABILITIES 23,645 28,265
NET ASSETS 1,702,531 1,612,019

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,702,431 1,611,919
SHAREHOLDERS' FUNDS 1,702,531 1,612,019

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 TRADERS LIMITED (REGISTERED NUMBER: 03789545)

BALANCE SHEET - continued
30 JUNE 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 14 March 2025 and were signed on its behalf by:





Mr L B Dorman - Director


QUAY TRADERS LIMITED (REGISTERED NUMBER: 03789545)

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


1. STATUTORY INFORMATION

Quay Traders 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover represents sales of goods net of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 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.

QUAY TRADERS LIMITED (REGISTERED NUMBER: 03789545)

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


2. ACCOUNTING POLICIES - continued

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 8 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST OR VALUATION
At 1 July 2023
and 30 June 2024 392,289 53,881 8,156
DEPRECIATION
At 1 July 2023 66,377 16,497 4,806
Charge for year - 3,738 837
At 30 June 2024 66,377 20,235 5,643
NET BOOK VALUE
At 30 June 2024 325,912 33,646 2,513
At 30 June 2023 325,912 37,384 3,350

Motor Computer
vehicles equipment Totals
£    £    £   
COST OR VALUATION
At 1 July 2023
and 30 June 2024 92,508 17,591 564,425
DEPRECIATION
At 1 July 2023 40,044 15,233 142,957
Charge for year 13,116 785 18,476
At 30 June 2024 53,160 16,018 161,433
NET BOOK VALUE
At 30 June 2024 39,348 1,573 402,992
At 30 June 2023 52,464 2,358 421,468

QUAY TRADERS LIMITED (REGISTERED NUMBER: 03789545)

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


4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 30 June 2024 is represented by:

Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
Valuation in 2023 17,504 - -
Cost 374,785 53,881 8,156
392,289 53,881 8,156

Motor Computer
vehicles equipment Totals
£    £    £   
Valuation in 2023 - - 17,504
Cost 92,508 17,591 546,921
92,508 17,591 564,425

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 214,145 198,484
Other debtors 26,609 6,877
240,754 205,361

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 36,754 12,495
Taxation and social security 109,477 88,960
Other creditors 34,111 41,568
180,342 143,023

QUAY TRADERS LIMITED (REGISTERED NUMBER: 03789545)

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


7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
Mr L B Dorman
Balance outstanding at start of year (9,430 ) (128,055 )
Amounts advanced 245,816 199,253
Amounts repaid (216,325 ) (80,628 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20,061 (9,430 )

Interest has been charged at HMRC's official rate on this loan, which is repayable on demand.