2023-07-01 06296362 2024-06-30 06296362 2023-07-01 2024-06-30 06296362 2023-06-30 06296362 2022-07-01 2023-06-30 06296362 uk-core:WithinOneYear 2023-06-30 06296362 uk-core:WithinOneYear 2024-06-30 06296362 uk-core:ShareCapital 2024-06-30 06296362 uk-core:ShareCapital 2023-06-30 06296362 uk-core:RetainedEarningsAccumulatedLosses 2024-06-30 06296362 uk-core:RetainedEarningsAccumulatedLosses 2023-06-30 06296362 uk-bus:Director1 2023-07-01 2024-06-30 06296362 uk-core:ToolsEquipment 2023-07-01 2024-06-30 06296362 uk-core:FurnitureFittings 2023-07-01 2024-06-30 06296362 uk-core:ToolsEquipment 2023-06-30 06296362 uk-core:FurnitureFittings 2023-06-30 06296362 uk-core:FurnitureFittings 2024-06-30 06296362 uk-core:ToolsEquipment 2024-06-30 iso4217:GBP xbrli:pure 06296362 uk-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 06296362 uk-bus:FRS102 2023-07-01 2024-06-30 06296362 uk-bus:FilletedAccounts 2023-07-01 2024-06-30 06296362 uk-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30
QUEENSBRAY LIMITED
Registered Number:06296362
For the year ended 30 June 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 30 June 2024
QUEENSBRAY LIMITED
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
06296362
As at 30 June 2024
QUEENSBRAY LIMITED
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
1
1
2
1
1
Current assets
Trade and other receivables
148,011
149,841
3
639
Cash and cash equivalents
17,190
167,031
148,650
Trade and other payables: amounts falling due within one
year
(10,750)
(24,799)
4
137,900
142,232
Net current assets
Total assets less current liabilities
142,233
137,901
142,233
Net assets
137,901
Capital and reserves
Called up share capital
1
1
Retained earnings
142,232
137,900
142,233
137,901
Shareholders' funds
For the year ended 30 June 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 of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr B T Patel Director
These financial statements were approved and authorised for issue by the Board on 21 March 2025 and were signed by:
The notes form part of these financial statements
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4
For the year ended 30 June 2024
QUEENSBRAY LIMITED
Notes to the Financial Statements
Statutory Information
QUEENSBRAY LIMITED is a private limited company, limited by shares, domiciled in England and Wales, registration
number 06296362.
Registered address:
136 Camberwell Road
London
SW2 3BU
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. The Other Operating Income shown in profit & loss account comprises of rental income and is accounted for on a accrual basis.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% Straight line
Computer equipment
15% Straight line
Fixtures and fittings
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax, with the following exceptions: Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose of the assets concerned. However, no provision is madewhere, on the basis of all available evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled over into replacement assets and charged to tax only where the replacement assets are sold. Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
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5
For the year ended 30 June 2024
QUEENSBRAY LIMITED
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
£
£
£
Cost or
valuation
At 01 July 2023
3,843
551
3,292
At 30 June 2024
3,292
551
3,843
Provision for depreciation and impairment
At 01 July 2023
3,842
550
3,292
At 30 June 2024
3,842
550
3,292
At 30 June 2024
Net book value
-
1
1
At 30 June 2023
-
1
1
3. Trade and other receivables
2023
2024
£
£
Trade debtors
3,900
8,450
Other debtors
145,941
139,561
148,011
149,841
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
13,670
3,186
Taxation and social security
3,766
3,986
Other creditors
7,363
3,578
24,799
10,750
5. Average number of persons employed
During the year the average number of employees was 2 (2023 : 2)
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