IRIS Accounts Production v25.1.3.33 12887818 director 1.10.23 30.9.24 30.9.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh128878182023-09-30128878182024-09-30128878182023-10-012024-09-30128878182022-09-30128878182022-10-012023-09-30128878182023-09-3012887818ns15:EnglandWales2023-10-012024-09-3012887818ns14:PoundSterling2023-10-012024-09-3012887818ns10:Director12023-10-012024-09-3012887818ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3012887818ns10:SmallEntities2023-10-012024-09-3012887818ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3012887818ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3012887818ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3012887818ns10:FullAccounts2023-10-012024-09-3012887818ns10:RegisteredOffice2023-10-012024-09-3012887818ns5:CurrentFinancialInstruments2024-09-3012887818ns5:CurrentFinancialInstruments2023-09-3012887818ns5:Non-currentFinancialInstruments2024-09-3012887818ns5:Non-currentFinancialInstruments2023-09-3012887818ns5:ShareCapital2024-09-3012887818ns5:ShareCapital2023-09-3012887818ns5:RetainedEarningsAccumulatedLosses2024-09-3012887818ns5:RetainedEarningsAccumulatedLosses2023-09-3012887818ns5:PlantMachinery2023-10-012024-09-3012887818ns5:PlantMachinery2023-09-3012887818ns5:PlantMachinery2024-09-3012887818ns5:PlantMachinery2023-09-3012887818ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-09-3012887818ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-10-012024-09-3012887818ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-09-3012887818ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-09-3012887818ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3012887818ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-3012887818ns5:DeferredTaxation2023-09-3012887818ns5:DeferredTaxation2023-10-012024-09-3012887818ns5:DeferredTaxation2024-09-30
REGISTERED NUMBER: 12887818 (England and Wales)















M. F. Quinn Limited

Unaudited Financial Statements

for the Year Ended 30th September 2024






M. F. Quinn Limited (Registered number: 12887818)






Contents of the Financial Statements
for the year ended 30th September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


M. F. Quinn Limited

Company Information
for the year ended 30th September 2024







DIRECTOR: M Quinn





REGISTERED OFFICE: 310 Wellingborough Road
Northampton
Northamptonshire
NN1 4EP





BUSINESS ADDRESS: 16 Towcester Road
Milton Malsor
Northamptonshire
NN7 3AP





REGISTERED NUMBER: 12887818 (England and Wales)





ACCOUNTANTS: Cheney & Co
310 Wellingborough Road
Northampton
NN1 4EP

M. F. Quinn Limited (Registered number: 12887818)

Balance Sheet
30th September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 597,170 633,383

CURRENT ASSETS
Debtors 6 60,105 129,430
Cash at bank 251,095 188,976
311,200 318,406
CREDITORS
Amounts falling due within one year 7 182,640 271,055
NET CURRENT ASSETS 128,560 47,351
TOTAL ASSETS LESS CURRENT
LIABILITIES

725,730

680,734

CREDITORS
Amounts falling due after more than one
year

8

(398,355

)

(423,020

)

PROVISIONS FOR LIABILITIES 9 (111,500 ) (65,800 )
NET ASSETS 215,875 191,914

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 215,775 191,814
SHAREHOLDERS' FUNDS 215,875 191,914

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 6th June 2025 and were signed by:





M Quinn - Director


M. F. Quinn Limited (Registered number: 12887818)

Notes to the Financial Statements
for the year ended 30th September 2024

1. STATUTORY INFORMATION

M. F. Quinn 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 25% on cost

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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.

M. F. Quinn Limited (Registered number: 12887818)

Notes to the Financial Statements - continued
for the year ended 30th September 2024

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 7 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st October 2023 771,474
Additions 472,209
Disposals (475,387 )
At 30th September 2024 768,296
DEPRECIATION
At 1st October 2023 138,091
Charge for year 92,382
Eliminated on disposal (59,347 )
At 30th September 2024 171,126
NET BOOK VALUE
At 30th September 2024 597,170
At 30th September 2023 633,383

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st October 2023 743,571
Additions 472,209
Disposals (475,387 )
At 30th September 2024 740,393
DEPRECIATION
At 1st October 2023 121,959
Charge for year 89,440
Eliminated on disposal (59,347 )
At 30th September 2024 152,052
NET BOOK VALUE
At 30th September 2024 588,341
At 30th September 2023 621,612

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 60,105 95,792
Other debtors - 33,638
60,105 129,430

M. F. Quinn Limited (Registered number: 12887818)

Notes to the Financial Statements - continued
for the year ended 30th September 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 110,765 106,838
Trade creditors 25,899 20,557
Taxation and social security 25,914 4,834
Other creditors 20,062 138,826
182,640 271,055

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 398,355 423,020

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 111,500 65,800

Deferred
tax
£   
Balance at 1st October 2023 65,800
Provided during year 45,700
Balance at 30th September 2024 111,500

10. CONTINGENT LIABILITIES

There were no contingent liabilities as at 30th September 2024 or 30th September 2023.

11. CAPITAL COMMITMENTS

There were no capital commitments as at . and 30th September 2023 or 30th September 2023.