Company registration number 07418346 (England and Wales)
Q50 Street Furniture Limited
UNAUDITED FINANCIAL STATEMENTS
for the year ended 31 March 2025
PAGES FOR FILING WITH REGISTRAR
Q50 Street Furniture Limited
Contents
Page
Statement of financial position
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 5
Q50 Street Furniture Limited
Statement Of Financial Position
as at 31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
-
0
5,362
Current assets
Stocks
-
60,000
Debtors
106,528
248,712
Cash at bank and in hand
272
193
106,800
308,905
Creditors: amounts falling due within one year
(203,825)
(651,894)
Net current liabilities
(97,025)
(342,989)
Total assets less current liabilities
(97,025)
(337,627)
Creditors: amounts falling due after more than one year
(26,889)
(31,889)
Provisions for liabilities
-
0
(1,341)
Net liabilities
(123,914)
(370,857)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(124,014)
(370,957)
Total equity
(123,914)
(370,857)
Q50 Street Furniture Limited
Statement Of Financial Position (continued)
as at 31 March 2025
- 2 -

For the financial year ended 31 March 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 of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These 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, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The director of the company has elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 14 July 2025
M Linstead
Director
Company registration number 07418346 (England and Wales)
Q50 Street Furniture Limited
Statement Of Changes In Equity
for the year ended 31 March 2025
- 3 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 April 2023
100
(46,041)
(45,941)
Year ended 31 March 2024:
Loss and total comprehensive income
-
(324,916)
(324,916)
Balance at 31 March 2024
100
(370,957)
(370,857)
Year ended 31 March 2025:
Loss and total comprehensive income
-
(3,927)
(3,927)
Transfer of business
-
250,000
250,000
Balance at 31 March 2025
100
(124,014)
(123,914)
Closing PY differs from opening CY
-
870
870
Q50 Street Furniture Limited
Notes to the financial statements
for the year ended 31 March 2025
- 4 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
20% Straight line basis
Computers
20% Straight line basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks are stated at the lower of cost and net realisable value.

Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

Q50 Street Furniture Limited
Notes to the financial statements (continued)
for the year ended 31 March 2025
- 5 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
5
5
3
Tangible fixed assets
Plant and equipment
Computers
Total
£
£
£
Cost
At 1 April 2024
21,152
408
21,560
Disposals
(21,152)
(408)
(21,560)
At 31 March 2025
-
0
-
0
-
0
Depreciation and impairment
At 1 April 2024
16,082
116
16,198
Depreciation charged in the year
1,014
82
1,096
Eliminated in respect of disposals
(17,096)
(198)
(17,294)
At 31 March 2025
-
0
-
0
-
0
Carrying amount
At 31 March 2025
-
0
-
0
-
0
At 31 March 2024
5,070
292
5,362
4
Company information

Q50 Street Furniture Limited is a private company limited by shares incorporated in England and Wales. The registered office is C/O Metal Depot Ltd, Unit 2, Navigation Lane, Lock Lane, Castleford, West Yorkshire, United Kingdom, WF10 2LA.

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