Registered number
13299922
Quirky And The Geek Ltd
Filleted Accounts
31 March 2025
Quirky And The Geek Ltd
Registered number: 13299922
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 2,166 2,813
Current assets
Stocks 67,500 35,000
Debtors 4 340 936
Cash at bank and in hand 12,253 6,970
80,093 42,906
Creditors: amounts falling due within one year 5 (56,167) (20,111)
Net current assets 23,926 22,795
Total assets less current liabilities 26,092 25,608
Provisions for liabilities (411) (108)
Net assets 25,681 25,500
Capital and reserves
Called up share capital 2 2
Profit and loss account 25,679 25,498
Shareholder's funds 25,681 25,500
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ms V R Emmett
Director
Approved by the board on 2 June 2025
Quirky And The Geek Ltd
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office Equipment 15% reducing balance
Motor Vehicles 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2024 667 2,995 3,662
At 31 March 2025 667 2,995 3,662
Depreciation
At 1 April 2024 100 749 849
Charge for the year 85 562 647
At 31 March 2025 185 1,311 1,496
Net book value
At 31 March 2025 482 1,684 2,166
At 31 March 2024 567 2,246 2,813
4 Debtors 2025 2024
£ £
Trade debtors 340 -
Other debtors - 936
340 936
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 7,229 -
Taxation and social security costs 9,933 4,469
Other creditors 39,005 15,642
56,167 20,111
6 Loans 2025 2024
£ £
Creditors include:
Funding Circle Loan 7,229 -
7 Related party transactions 2025 2024
£ £
Directors' Loan Account
The director is a related party to the company At 31st January, the company owed the related party the following short term, interest-free, unsecured loans which are repayable upon demand:
Amount due to / (from) the related party 32,979 14,042
8 Controlling party
The controlling party is Ms V R Emmett by virtue of her 100% ownership of the issued share capital of the company.
9 Other information
Quirky And The Geek Ltd is a private company limited by shares and incorporated in England. Its registered office is:
89 Chorley Road
Swinton
Manchester
M27 4AA
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