Quickmove of Calne Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10725101 (England and Wales)

Financial Statements

for the Year Ended 31 December 2020

for

Quickmove of Calne Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D J Spencer

I L Powell

REGISTERED OFFICE:

The Old Post Office

41-43 Market Place

Chippenham

Wiltshire

SN15 3HR

REGISTERED NUMBER:

10725101 (England and Wales)

ACCOUNTANTS:

Mander Duffill

Chartered Accountants

The Old Post Office

41-43 Market Place

Chippenham

Wiltshire

SN15 3HR

FIXED ASSETS

Intangible assets

4

-

34,000

Tangible assets

5

13,322

127,231

13,322

161,231

CURRENT ASSETS

Stocks

2,324

1,924

Debtors

6

180,910

98,093

Investments

7

2,300

2,300

Cash at bank and in hand

35,387

76,895

220,921

179,212

CREDITORS

Amounts falling due within one year

8

137,582

200,012

NET CURRENT ASSETS/(LIABILITIES)

83,339

(20,800

)

TOTAL ASSETS LESS CURRENT LIABILITIES

96,661

140,431

CREDITORS

Amounts falling due after more than one year

9

(140,420

)

(132,652

)

PROVISIONS FOR LIABILITIES

(2,531

)

(15,399

)

NET LIABILITIES

(46,290

)

(7,620

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(46,390

)

(7,720

)

SHAREHOLDERS' FUNDS

(46,290

)

(7,620

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 September 2021 and were signed on its behalf by:

D J Spencer - Director

1.	STATUTORY INFORMATION

Quickmove of Calne Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance, 25% on cost and 20% on reducing balance

Stocks

Stock has been valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress, cost includes a relevant proportion of overheads according to the stage manufacture or completion.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2019 - 19 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2020

40,000

Disposals

(40,000

)

At 31 December 2020

-

AMORTISATION

At 1 January 2020

6,000

Eliminated on disposal

(6,000

)

At 31 December 2020

-

NET BOOK VALUE

At 31 December 2020

-

At 31 December 2019

34,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2020

226,385

Additions

624

Disposals

(191,650

)

At 31 December 2020

35,359

DEPRECIATION

At 1 January 2020

99,154

Charge for year

5,827

Eliminated on disposal

(82,944

)

At 31 December 2020

22,037

NET BOOK VALUE

At 31 December 2020

13,322

At 31 December 2019

127,231

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and

machinery

etc

£

COST

At 1 January 2020

44,895

Disposals

(25,000

)

At 31 December 2020

19,895

DEPRECIATION

At 1 January 2020

19,642

Charge for year

3,233

Eliminated on disposal

(11,373

)

At 31 December 2020

11,502

NET BOOK VALUE

At 31 December 2020

8,393

At 31 December 2019

25,253

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

£

Trade debtors

6,169

73,230

Other debtors

174,741

24,863

180,910

98,093

7.	CURRENT ASSET INVESTMENTS

31.12.20

31.12.19

£

£

Shares in group undertakings

2,300

2,300

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

£

Trade creditors

18,684

89,374

Other creditors

118,898

110,638

137,582

200,012

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.20

31.12.19

£

£

Other creditors

140,420

132,652

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Elm Office Holdings Limited.

The registered office address of Elm Office Holdings Limited is The Old Post Office, 41-43 Market Place, Chippenham, Wiltshire SN15 3HR.