Registered number
08672147
J Quinn Accountancy Limited
Report and Accounts
30 September 2024
J Quinn Accountancy Limited
Report and accounts
Contents
Page
Company information 1
Directors' report 2
Profit and loss account 3
Balance sheet 4
Statement of changes in equity 5
Notes to the accounts 6 - 7
Detailed profit and loss 8 - 9
J Quinn Accountancy Limited
Company Information
Directors
Mr J Quinn
Secretary
Mr J Quinn
Registered office
1 Glebelands
Sidmouth
Devon
EX10 8UB
Registered number
08672147
J Quinn Accountancy Limited
Registered number: 08672147
Directors' Report
The directors present their report and accounts for the year ended 30 September 2024.
Principal activities
The company's principal activity during the year continued to be the provision of accounting and bookkeeping services
Directors
The following persons served as directors during the year:
Mr J Quinn
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 27 June 2025 and signed on its behalf.
Mr J Quinn
Director
J Quinn Accountancy Limited
Profit and Loss Account
for the year ended 30 September 2024
2024 2023
£ £
Turnover 21,938 18,777
Administrative expenses (17,492) (15,838)
Operating profit 4,446 2,939
Profit on ordinary activities before taxation 4,446 2,939
Tax on profit on ordinary activities (890) (617)
Profit for the financial year 3,556 2,322
J Quinn Accountancy Limited
Registered number: 08672147
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Current assets
Debtors 4 975 1,413
Cash at bank and in hand 13,116 11,317
14,091 12,730
Creditors: amounts falling due within one year 5 (1,057) (914)
Net current assets 13,034 11,816
Net assets 13,034 11,816
Capital and reserves
Called up share capital 100 100
Profit and loss account 12,934 11,716
Shareholders' funds 13,034 11,816
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Mr J Quinn
Director
Approved by the board on 27 June 2025
J Quinn Accountancy Limited
Statement of Changes in Equity
for the year ended 30 September 2024
Share Share Re- Profit Total
capital premium valuation and loss
reserve account
£ £ £ £ £
At 1 October 2022 100 - - 12,341 12,441
Profit for the financial year 2,322 2,322
Dividends (2,947) (2,947)
At 30 September 2023 100 - - 11,716 11,816
At 1 October 2023 100 - - 11,716 11,816
Profit for the financial year 3,556 3,556
Dividends (2,338) (2,338)
At 30 September 2024 100 - - 12,934 13,034
J Quinn Accountancy Limited
Notes to the Accounts
for the year ended 30 September 2024
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 represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
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:
Freehold buildings
Leasehold land and buildings
Plant and machinery 33.33% straight line
Fixtures, fittings, tools and equipment
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2023 12,068
At 30 September 2024 12,068
Depreciation
At 1 October 2023 12,068
At 30 September 2024 12,068
Net book value
At 30 September 2024 -
4 Debtors 2024 2023
£ £
Trade debtors 975 1,413
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - 297
Corporation tax 890 617
Other taxes and social security costs 167 -
1,057 914
6 Other information
J Quinn Accountancy Limited is a private company limited by shares and incorporated in England. Its registered office is:
1 Glebelands
Sidmouth
Devon
EX10 8UB
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