Abbreviated Company Accounts - QUAY BRONZE LIMITED

Abbreviated Company Accounts - QUAY BRONZE LIMITED

QUAY BRONZE LIMITED - Company Information

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Registered Number 04019702

QUAY BRONZE LIMITED

Abbreviated Accounts

31 March 2014

QUAY BRONZE LIMITED Registered Number 04019702

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 1,160 1,546
1,160 1,546
Current assets
Debtors 8,602 64,319
Cash at bank and in hand 450,597 403,956
459,199 468,275
Creditors: amounts falling due within one year (1,899) (10,505)
Net current assets (liabilities) 457,300 457,770
Total assets less current liabilities 458,460 459,316
Provisions for liabilities (232) (309)
Total net assets (liabilities) 458,228 459,007
Capital and reserves
Called up share capital 3 4 4
Profit and loss account 458,224 459,003
Shareholders' funds 458,228 459,007
  • For the year ending 31 March 2014 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 19 December 2014

And signed on their behalf by:
Michael Joseph O'Boyle Snr, Director

QUAY BRONZE LIMITED Registered Number 04019702

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives :

Plant and machinery 25% reducing balance

Other accounting policies
Deferred taxation

Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

2Tangible fixed assets
£
Cost
At 1 April 2013 5,799
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2014 5,799
Depreciation
At 1 April 2013 4,253
Charge for the year 386
On disposals -
At 31 March 2014 4,639
Net book values
At 31 March 2014 1,160
At 31 March 2013 1,546
3Called Up Share Capital
Allotted, called up and fully paid:
2014
£		 2013
£
4 Ordinary shares of £1 each 4 4

4Transactions with directors

Name of director receiving advance or credit: Michael joseph O'Boyle Snr
Description of the transaction: Director's loan account
Balance at 1 April 2013: -
Advances or credits made: £ 5,810
Advances or credits repaid: -
Balance at 31 March 2014: £ 5,810

Related party transactions

Kilmore Civil Engineering Ltd
A company with C A O'Boyle as its sole director
Work done charged to the related party and included in Turnover in these accounts £6,000 (£NIL).
Amount owing from the related party and included in debtors in these accounts £NIL (£63,227).

E O'Boyle
Brother of C A O'Boyle, a director, and son of M J O'Boyle Snr., a diector
Work done charged to the related party and included in Turnover in these accounts £NIL (£2,950).
Outwork charged by the related party and included in Cost of Sales in these accounts £NIL (£3,000).