| Quill and Craft Media Limited |
| Registered Number:NI679982 |
For the year ended 31 December 2024
Northern Ireland
Unaudited Financial Statements
For the year ended 31 December 2024
Quill and Craft Media Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Quill and Craft Media Limited
Statement of Financial Position
2023
2024
6,000
10,000
2
| Property, plant and equipment |
2,429
2,844
3
8,429
12,844
650
750
4
| Trade and other receivables |
1,000
1,000
5
3,189
| Cash and cash equivalents |
4,523
6,273
4,839
| Trade and other payables: amounts falling due within one |
| year |
(13,536)
(10,677)
6
(8,697)
(4,404)
Net current liabilities
| Total assets less current liabilities |
4,025
4,147
(461)
(540)
| Provisions for liabilities |
3,564
Net assets
3,607
2
2
3,562
3,605
3,564
3,607
Shareholders' funds
| For the year ended 31 December 2024 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 ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| Mr Christopher Haughey Director |
| These financial statements were approved and authorised for issue by the Board on 14 August 2025 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 31 December 2024
Quill and Craft Media Limited
Notes to the Financial Statements
Statutory Information
| Quill and Craft Media Limited is a private limited company, limited by shares, domiciled in Northern Ireland, registration |
| number NI679982. |
3 Upper Darkley Road
Keady
Armagh
BT60 3RE
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Revenue recognition
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Goodwill
| Goodwill, being the amount paid in connection with the acquisition of a business in , is being amortised evenly over its estimated useful life of 0 years. |
Property, plant and equipment
| Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Computer Equipment
Furniture and Fittings
Inventories
| Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Foreign currencies
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate at the date of transaction. Exchange rate differences are taken into account in arriving at the operating result. |
Pension costs and other post-retirement benefits
| The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
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For the year ended 31 December 2024
Quill and Craft Media Limited
Notes to the Financial Statements Continued
| 2. Intangible fixed assets |
Goodwill
20,000
20,000
10,000
4,000
Charge for year
14,000
6,000
10,000
| 3. Property, plant and equipment |
4,152
304
3,848
3,848
304
4,152
| Provision for depreciation and impairment |
1,308
82
1,226
Charge for year
415
22
393
1,723
104
1,619
2,229
200
2,429
2,622
222
2,844
2023
2024
750
650
| 5. Trade and other receivables |
2023
2024
1,000
1,000
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For the year ended 31 December 2024
Quill and Craft Media Limited
Notes to the Financial Statements Continued
| 6. Trade and other payables: amounts falling due within one year |
2023
2024
150
125
| Taxation and social security |
5,018
7,112
5,509
6,299
10,677
13,536
| 7. Average number of persons employed |
During the year the average number of employees was 2 (2023 : 2)
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