Nigel Quinn (A.M.S.) Limited,Ltd - AccountsLtd - Accounts

NIGEL QUINN (A.M.S.) LIMITED - Company Information

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Nigel Quinn (A.M.S.) Limited

Registered Number:04949499

For the year ended 31 December 2023

England and Wales

Unaudited Financial Statements

For the year ended 31 December 2023

Nigel Quinn (A.M.S.) Limited

Contents Page

Statement of Financial Position

2 to 4

Notes to the Financial Statements

Registered Number :

04949499

As at 31 December 2023

Nigel Quinn (A.M.S.) Limited

Statement of Financial Position

2022

2023

Notes

Fixed assets

Intangible assets

1,500

Property, plant and equipment

53,621

75,402

53,621

76,902

Current assets

Inventories

136,000

178,370

Trade and other receivables

88,465

46,426

202,519

Cash and cash equivalents

147,003

371,799

426,984

Trade and other payables: amounts falling due within one

year

(134,990)

(82,304)

291,994

289,495

Net current assets

Total assets less current liabilities

343,116

368,896

343,116

Net assets

368,896

Capital and reserves

Called up share capital

100

Retained earnings

343,016

368,796

343,116

368,896

Shareholders' funds

For the year ended 31 December 2023 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 of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006

The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section

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.

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

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

Mr Nigel Quinn Director

These financial statements were approved and authorised for issue by the Board on 07 March 2024 and were signed by:

The notes form part of these financial statements

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For the year ended 31 December 2023

Nigel Quinn (A.M.S.) Limited

Notes to the Financial Statements

Statutory Information

Nigel Quinn (A.M.S.) Limited is a private limited company, limited by shares, domiciled in England and Wales,

registration number 04949499.

Registered address:

Briery Works 132A Blackgate Lane

Tarleton

Preston

Lancashire

PR4 6UU

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial

Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the

Companies Act 2006. The financial statements have been prepared under the historical costs convention as

modified by the revaluation of certain assets.

Revenue recognition

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of 20 years.

Property, plant and equipment

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Tools & equipment

20% Reducing balance

Motor vehicles

20% Reducing balance

Fixtures, fittings & equipment

2. Intangible fixed assets

Goodwill

Cost or valuation

At 01 January 2023

30,000

At 31 December 2023

30,000

Amortisation

At 01 January 2023

28,500

1,500

Charge for year

At 31 December 2023

30,000

Net book value

At 31 December 2023

At 31 December 2022

1,500

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For the year ended 31 December 2023

Nigel Quinn (A.M.S.) Limited

Notes to the Financial Statements Continued

3. Property, plant and equipment

Total

Fixtures,

fittings &

equipment

Motor vehicles

Tools &

equipment

Cost or

valuation

At 01 January 2023

177,747

33,867

118,432

25,448

825

Additions

(11,500)

Disposals

(11,500)

At 31 December 2023

26,273

106,932

33,867

167,072

Provision for depreciation and impairment

At 01 January 2023

102,345

24,928

56,270

21,147

Charge for year

13,406

1,788

10,592

1,026

(2,300)

On disposal

At 31 December 2023

113,451

26,716

64,562

22,173

At 31 December 2023

Net book value

4,100

42,370

7,151

53,621

At 31 December 2022

4,301

62,162

8,939

75,402

4. Inventories

2022

2023

Stocks

178,370

136,000

5. Trade and other receivables

2022

2023

Trade debtors

44,385

59,331

Other debtors

2,041

29,134

88,465

46,426

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For the year ended 31 December 2023

Nigel Quinn (A.M.S.) Limited

Notes to the Financial Statements Continued

6. Trade and other payables: amounts falling due within one year

2022

2023

Trade creditors

50,828

113,712

Taxation and social security

29,596

19,498

Other creditors

1,880

1,780

82,304

134,990

7. Average number of persons employed

During the year the average number of employees was 4 (2022 : 4)

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