Company Registration No. 11002612 (England and Wales)
Quinn Ropes Ltd
Unaudited accounts
for the year ended 31 October 2025
Quinn Ropes Ltd
Unaudited accounts
Contents
Quinn Ropes Ltd
Statement of financial position
as at 31 October 2025
Tangible assets
12,550
15,680
Cash at bank and in hand
1,242
3,469
Creditors: amounts falling due within one year
(21,100)
(30,094)
Net current assets
22,647
21,840
Total assets less current liabilities
35,197
37,520
Creditors: amounts falling due after more than one year
(14,203)
(16,596)
Called up share capital
100
100
Profit and loss account
20,894
20,824
Shareholders' funds
20,994
20,924
For the year ending 31 October 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 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 20 July 2026 and were signed on its behalf by
Mr I J Quinn
Director
Company Registration No. 11002612
Quinn Ropes Ltd
Notes to the Accounts
for the year ended 31 October 2025
Quinn Ropes Ltd is a private company, limited by shares, registered in England and Wales, registration number 11002612. The registered office is Unit 3, Kettlebrook Road, Tamworth, B77 1AG.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
20% reducing balance
Fixtures & fittings
20% reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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.
Quinn Ropes Ltd
Notes to the Accounts
for the year ended 31 October 2025
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Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 November 2024
45,458
4,007
49,465
At 31 October 2025
45,458
4,007
49,465
At 1 November 2024
30,418
3,367
33,785
Charge for the year
3,000
130
3,130
At 31 October 2025
33,418
3,497
36,915
At 31 October 2025
12,040
510
12,550
At 31 October 2024
15,040
640
15,680
Amounts falling due within one year
Trade debtors
28,665
35,125
Accrued income and prepayments
1,990
1,990
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
2,600
2,800
Trade creditors
3,878
19,807
Taxes and social security
183
221
Other creditors
8,425
2,978
Loans from directors
657
65
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Creditors: amounts falling due after more than one year
2025
2024
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 3 (2024: 3).