Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-311trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-09-01falseproperty development1falsefalse 09309444 2023-09-01 2024-08-31 09309444 2022-09-01 2023-08-31 09309444 2024-08-31 09309444 2023-08-31 09309444 c:Director1 2023-09-01 2024-08-31 09309444 d:CurrentFinancialInstruments 2024-08-31 09309444 d:CurrentFinancialInstruments 2023-08-31 09309444 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 09309444 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 09309444 d:ShareCapital 2024-08-31 09309444 d:ShareCapital 2023-08-31 09309444 d:RetainedEarningsAccumulatedLosses 2024-08-31 09309444 d:RetainedEarningsAccumulatedLosses 2023-08-31 09309444 c:FRS102 2023-09-01 2024-08-31 09309444 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 09309444 c:FullAccounts 2023-09-01 2024-08-31 09309444 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 09309444 2 2023-09-01 2024-08-31 09309444 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure
Registered number: 09309444






QUIRKS CONSTRUCTION COMPANY LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










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QUIRKS CONSTRUCTION COMPANY LIMITED
REGISTERED NUMBER:09309444

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
  
304,637
-

Debtors: amounts falling due within one year
 4 
8,203
200

Cash at bank and in hand
 5 
4,649
-

  
317,489
200

Creditors: amounts falling due within one year
 6 
(332,787)
-

Net current (liabilities)/assets
  
 
 
(15,298)
 
 
200

Total assets less current liabilities
  
(15,298)
200

  

Net (liabilities)/assets
  
(15,298)
200


Capital and reserves
  

Called up share capital 
  
200
200

Profit and loss account
  
(15,498)
-

  
(15,298)
200

Page 1

 
QUIRKS CONSTRUCTION COMPANY LIMITED
REGISTERED NUMBER:09309444
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



Ross Quirk
Director

Date: 29 August 2025

Page 2

 
QUIRKS CONSTRUCTION COMPANY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

Quirks Constuction Company Limited is a private company limited by shares, incorporated in England and Wales. Its registered office is Millhouse, 32-38 East Street, Rochford, Essex, SS4 1DB.
The principal activity of the company is the development of property.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 3

 
QUIRKS CONSTRUCTION COMPANY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the
Page 4

 
QUIRKS CONSTRUCTION COMPANY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)


2.9
Financial instruments (continued)

effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 -1).


4.


Debtors

2024
2023
£
£


Other debtors
8,203
200

8,203
200



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
4,649
-

4,649
-



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other loans
125,439
-

Trade creditors
20,336
-

Other creditors
185,812
-

Accruals and deferred income
1,200
-

332,787
-



7.


Related party transactions

At the balance sheet date the company owed £184,208 to a connected company by virtue of common control. No interest was charged on the outstanding balance.

 
Page 5