Company Registration No. 08715392 (England and Wales)
1st Quay Limited
Unaudited accounts
for the year ended 31 October 2024
1st Quay Limited
Unaudited accounts
Contents
1st Quay Limited
Company Information
for the year ended 31 October 2024
Directors
Georgina Leighton
Gregory Hugh Leighton
Company Number
08715392 (England and Wales)
Registered Office
5 Godwin Close
Emsworth
Hampshire
PO10 7XT
England
1st Quay Limited
Statement of financial position
as at 31 October 2024
Tangible assets
51,469
50,566
Cash at bank and in hand
144,974
80,090
Creditors: amounts falling due within one year
(40,650)
(7,766)
Net current assets
177,780
152,604
Total assets less current liabilities
229,249
203,170
Creditors: amounts falling due after more than one year
(48,471)
(899)
Net assets
180,778
202,271
Called up share capital
2
2
Profit and loss account
180,776
202,269
Shareholders' funds
180,778
202,271
For the year ending 31 October 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 August 2025 and were signed on its behalf by
Georgina Leighton
Director
Company Registration No. 08715392
1st Quay Limited
Notes to the Accounts
for the year ended 31 October 2024
1st Quay Limited is a private company, limited by shares, registered in England and Wales, registration number 08715392. The registered office is 5 Godwin Close, Emsworth, Hampshire, PO10 7XT, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
1st Quay Limited
Notes to the Accounts
for the year ended 31 October 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2023
3,178
53,290
4,186
60,654
Additions
58,277
-
607
58,884
Disposals
-
(53,290)
-
(53,290)
At 31 October 2024
61,455
-
4,793
66,248
At 1 November 2023
1,023
7,106
1,959
10,088
Charge for the year
11,089
8,467
708
20,264
On disposals
-
(15,573)
-
(15,573)
At 31 October 2024
12,112
-
2,667
14,779
At 31 October 2024
49,343
-
2,126
51,469
At 31 October 2023
2,155
46,184
2,227
50,566
Amounts falling due within one year
Trade debtors
72,128
80,280
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
(13,148)
1,697
Taxes and social security
39,603
31,164
Loans from directors
(9,921)
(45,721)
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
43,388
(7,488)
Other creditors
(29,632)
(29,634)
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
1st Quay Limited
Notes to the Accounts
for the year ended 31 October 2024
9
Average number of employees
During the year the average number of employees was 16 (2023: 13).