Accounts filed on 31-08-2019

Accounts filed on 31-08-2019

QUOIN BUILDING LIMITED - Company Information

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Registered number: 04481439
Quoin Building Limited
ACCOUNTS
FOR THE YEAR ENDED 31/08/2019
Prepared By:
Berry Kearsley Stockwell Ltd
Accountants
Sterling House
31-32 High Street
Wellingborough
Northants
NN8 4HL
Quoin Building Limited
ACCOUNTS
FOR THE YEAR ENDED 31/08/2019
DIRECTORS
P Andrew
REGISTERED OFFICE
31-32 High Street
Wellingborough
Northamptonshire
NN8 4HL
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 04481439
ACCOUNTANTS
Berry Kearsley Stockwell Ltd
Accountants
Sterling House
31-32 High Street
Wellingborough
Northants
NN8 4HL
Quoin Building Limited
ACCOUNTS
FOR THEYEARENDED31/08/2019
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
Quoin Building Limited
BALANCE SHEET AT 31/08/2019
20192018
Notes££
FIXED ASSETS
Intangible assets33,6004,350
Tangible assets42,9793,973
6,5798,323
CURRENT ASSETS
Debtors519,25419,920
Cash at bank and in hand35,48373,613
54,73793,533
CREDITORS: Amounts falling due within one year63,79814,586
NET CURRENT ASSETS50,93978,947
TOTAL ASSETS LESS CURRENT LIABILITIES57,51887,270
CREDITORS: Amounts falling due after more than one year7-1,048
NET ASSETS57,51886,222
CAPITAL AND RESERVES
Called up share capital811
Profit and loss account57,51786,221
SHAREHOLDERS' FUNDS57,51886,222
For the year ending 31/08/2019 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 25/03/2020 and signed on their behalf by
.............................
P Andrew
Director
Quoin Building Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/08/2019
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Commercial Vehiclesreducing balance 25%
Equipmentreducing balance 25%
1c. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1d. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
2. EMPLOYEES
20192018
No.No.
Average number of employees12
Quoin Building Limited
3. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/09/201815,00015,000
At 31/08/201915,00015,000
Depreciation
At 01/09/201810,65010,650
For the year750750
At 31/08/201911,40011,400
Net Book Amounts
At 31/08/20193,6003,600
At 31/08/20184,3504,350
4. TANGIBLE FIXED ASSETS
Commercial
VehiclesEquipmentTotal
£££
Cost
At 01/09/201832,4057,42639,831
At 31/08/201932,4057,42639,831
Depreciation
At 01/09/201828,6907,16835,858
For the year92965994
At 31/08/201929,6197,23336,852
Net Book Amounts
At 31/08/20192,7861932,979
At 31/08/20183,7152583,973
5. DEBTORS 20192018
££
Amounts falling due within one year
Trade debtors19,14019,920
Directors current account114-
19,25419,920
Quoin Building Limited
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20192018
££
UK corporation tax-7,813
VAT1,0053,166
PAYE control165151
Directors current account-11
Hire purchase1,0781,895
Accruals1,5501,550
3,79814,586
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20192018
££
Hire purchase >1yr-1,048
-1,048
8. SHARE CAPITAL 20192018
££
Allotted, issued and fully paid:
1 Ordinary shares of £1 each11
11