Acorah Software Products - Accounts Production 16.3.350 false true 30 April 2024 1 May 2023 false 1 May 2024 30 April 2025 30 April 2025 01570166 Mr Dean James Conduit Mr Graham Preedy Mr Paul Colin Wadman Mr Dean James Conduit iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01570166 2024-04-30 01570166 2025-04-30 01570166 2024-05-01 2025-04-30 01570166 frs-core:CurrentFinancialInstruments 2025-04-30 01570166 frs-core:Non-currentFinancialInstruments 2025-04-30 01570166 frs-core:ComputerEquipment 2025-04-30 01570166 frs-core:ComputerEquipment 2024-05-01 2025-04-30 01570166 frs-core:ComputerEquipment 2024-04-30 01570166 frs-core:FurnitureFittings 2025-04-30 01570166 frs-core:FurnitureFittings 2024-05-01 2025-04-30 01570166 frs-core:FurnitureFittings 2024-04-30 01570166 frs-core:PlantMachinery 2025-04-30 01570166 frs-core:PlantMachinery 2024-05-01 2025-04-30 01570166 frs-core:PlantMachinery 2024-04-30 01570166 frs-core:ShareCapital 2025-04-30 01570166 frs-core:RetainedEarningsAccumulatedLosses 2025-04-30 01570166 frs-bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 01570166 frs-bus:FilletedAccounts 2024-05-01 2025-04-30 01570166 frs-bus:SmallEntities 2024-05-01 2025-04-30 01570166 frs-bus:AuditExempt-NoAccountantsReport 2024-05-01 2025-04-30 01570166 frs-bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 01570166 frs-bus:Director1 2024-05-01 2025-04-30 01570166 frs-bus:Director2 2024-05-01 2025-04-30 01570166 frs-bus:Director3 2024-05-01 2025-04-30 01570166 frs-bus:CompanySecretary1 2024-05-01 2025-04-30 01570166 frs-countries:EnglandWales 2024-05-01 2025-04-30 01570166 2023-04-30 01570166 2024-04-30 01570166 2023-05-01 2024-04-30 01570166 frs-core:CurrentFinancialInstruments 2024-04-30 01570166 frs-core:Non-currentFinancialInstruments 2024-04-30 01570166 frs-core:ShareCapital 2024-04-30 01570166 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30
Registered number: 01570166
Quinn Tools And Fasteners Limited
Unaudited Financial Statements
For The Year Ended 30 April 2025
Accounts and Tax Management Limited
Chartered Certified Accountants
A T M Accountants
159 Railway Terrace
Rugby
Warwickshire
CV21 3HQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 01570166
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 10,928 14,526
10,928 14,526
CURRENT ASSETS
Stocks 5 7,640 5,500
Debtors 6 145,481 173,459
Cash at bank and in hand 37,585 25,577
190,706 204,536
Creditors: Amounts Falling Due Within One Year 7 (203,005 ) (223,719 )
NET CURRENT ASSETS (LIABILITIES) (12,299 ) (19,183 )
TOTAL ASSETS LESS CURRENT LIABILITIES (1,371 ) (4,657 )
Creditors: Amounts Falling Due After More Than One Year 8 (5,383 ) (15,601 )
NET LIABILITIES (6,754 ) (20,258 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (6,854 ) (20,358 )
SHAREHOLDERS' FUNDS (6,754) (20,258)
Page 1
Page 2
For the year ending 30 April 2025 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 Graham Preedy
Director
13/06/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Quinn Tools And Fasteners Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01570166 . The registered office is 159 , Railway Terrace, Rugby, Warwickshire, CV21 3HQ.
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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 33.33% reducing balance
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 May 2024 11,250 2,378 8,187 21,815
Additions - - 586 586
Disposals - - (348 ) (348 )
As at 30 April 2025 11,250 2,378 8,425 22,053
...CONTINUED
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Page 4
Depreciation
As at 1 May 2024 3,422 728 3,139 7,289
Provided during the period 1,957 412 1,671 4,040
Disposals - - (204 ) (204 )
As at 30 April 2025 5,379 1,140 4,606 11,125
Net Book Value
As at 30 April 2025 5,871 1,238 3,819 10,928
As at 1 May 2024 7,828 1,650 5,048 14,526
5. Stocks
2025 2024
£ £
Stock 7,640 5,500
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 143,951 171,190
Prepayments and accrued income 630 613
Other debtors 900 900
Other taxes and social security - 756
145,481 173,459
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 72,766 70,750
Bank loans and overdrafts 123,875 146,081
Other taxes and social security 348 -
VAT 6,016 6,888
203,005 223,719
Bank loans and overdraft include invoice finance of £113,425 (2024  £135,848) secured upon the trade debts of the company.
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 5,383 15,601
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
Page 4