QP HIRE LTD

QP HIRE LTD

QP HIRE LTD - Company Information

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QP HIRE LTD

Company Registration Number:
NI629433 (Northern Ireland)

Unaudited abridged accounts for the year ended 30 June 2022

Period of accounts

Start date: 01 July 2021

End date: 30 June 2022

QP HIRE LTD

Contents of the Financial Statements

for the Period Ended 30 June 2022

Balance sheet
Notes

QP HIRE LTD

Balance sheet

As at 30 June 2022


Notes
2022
2021


£
£
Fixed assets
Tangible assets: 3 5,228,583 4,548,978
Total fixed assets: 5,228,583 4,548,978
Current assets
Stocks: 13,325 12,114
Debtors:   237,705 63,065
Cash at bank and in hand: 2,606,488 2,986,593
Total current assets: 2,857,518 3,061,772
Creditors: amounts falling due within one year:   (434,727) (569,925)
Net current assets (liabilities): 2,422,791 2,491,847
Total assets less current liabilities: 7,651,374 7,040,825
Creditors: amounts falling due after more than one year:     (140,477)
Provision for liabilities: (813,539) (740,559)
Total net assets (liabilities): 6,837,835 6,159,789
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 6,837,735 6,159,689
Shareholders funds: 6,837,835 6,159,789

The notes form part of these financial statements

QP HIRE LTD

Balance sheet statements

For the year ending 30 June 2022 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 March 2023
and signed on behalf of the board by:

Name: Adrian Quinn
Status: Director

The notes form part of these financial statements

QP HIRE LTD

Notes to the Financial Statements

for the Period Ended 30 June 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

QP HIRE LTD

Notes to the Financial Statements

for the Period Ended 30 June 2022

2. Employees

2022 2021
Average number of employees during the period 14 15

QP HIRE LTD

Notes to the Financial Statements

for the Period Ended 30 June 2022

3. Tangible Assets

Total
Cost £
At 01 July 2021 8,242,132
Additions 1,489,658
Disposals (85,479)
At 30 June 2022 9,646,311
Depreciation
At 01 July 2021 3,693,154
Charge for year 756,550
On disposals (31,976)
At 30 June 2022 4,417,728
Net book value
At 30 June 2022 5,228,583
At 30 June 2021 4,548,978

QP HIRE LTD

Notes to the Financial Statements

for the Period Ended 30 June 2022

4. Related party transactions

Name of the related party: Mr L Quinn & Mr A Quinn
Relationship:
Directors
Description of the Transaction: Loan of funds by directors
£
Balance at 01 July 2021 140,477
Balance at 30 June 2022 0