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REGISTERED NUMBER: SC669219 (Scotland)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Quay Light Ltd

Quay Light Ltd (Registered number: SC669219)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Quay Light Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTORS: P A Bates
Mrs L Bates





REGISTERED OFFICE: Unit 207
5 Baird Avenue
Hillington Park
Glasgow
G52 4 FN





REGISTERED NUMBER: SC669219 (Scotland)






Quay Light Ltd (Registered number: SC669219)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,188,104 633,255

CURRENT ASSETS
Stocks 19,500 -
Debtors 5 4,853 28,463
Cash at bank 14,231 36,414
38,584 64,877
CREDITORS
Amounts falling due within one year 6 298,695 99,633
NET CURRENT LIABILITIES (260,111 ) (34,756 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

927,993

598,499

CREDITORS
Amounts falling due after more than one
year

7

(375,587

)

(155,000

)

PROVISIONS FOR LIABILITIES (167,920 ) (131,485 )
NET ASSETS 384,486 312,014

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 384,386 311,914
384,486 312,014

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Light Ltd (Registered number: SC669219)

Balance Sheet - continued
31 July 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 February 2025 and were signed on its behalf by:





P A Bates - Director


Quay Light Ltd (Registered number: SC669219)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Quay Light Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Quay Light Ltd (Registered number: SC669219)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 732,455
Additions 681,821
At 31 July 2024 1,414,276
DEPRECIATION
At 1 August 2023 99,200
Charge for year 126,972
At 31 July 2024 226,172
NET BOOK VALUE
At 31 July 2024 1,188,104
At 31 July 2023 633,255

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 4,853 11,510
Other debtors - 16,953
4,853 28,463

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Hire purchase contracts 143,076 -
Trade creditors 13,038 7,001
Taxation and social security 18,174 3,617
Other creditors 124,407 89,015
298,695 99,633

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Hire purchase contracts 187,787 -
Other creditors 187,800 155,000
375,587 155,000

Quay Light Ltd (Registered number: SC669219)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

31.7.24 31.7.23
£    £   
Other loan 281,700 -

A floating charge over all assets and undertakings has been granted to Ziza P Ltd.

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £15,000 were paid to the directors .

Other creditors includes £15,058 due to the directors.