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Quicksigns Limited |
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Report and Accounts |
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For the Year Ended |
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30 April 2018 |
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Company Number |
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04215646 |
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Quicksigns Limited |
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Report and Accounts |
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Year Ending 30 April 2018 |
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| Contents |
Page |
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| Company Information |
2 |
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| Report of the Directors |
3 |
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| Profit and Loss Account |
4 |
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| Balance Sheet |
5 |
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| Notes to the Accounts |
6 to 7 |
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Company Information |
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Director |
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Mr. Jeff Angell |
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Steve Angell |
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Registered Office |
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2 The Precinct |
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Rest Bay |
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Porthcawl |
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Glamorgan |
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CF36 3RF |
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Quicksigns Limited |
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Report of the Directors |
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| The director presents a report and financial statements for the year ended 30 April 2018 |
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Principal Activities |
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| The principal activity of the company is the provision of sign manufacture and erection |
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Directors |
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| The directors who served during the period and their interest in the shares of the company at the |
| beginning and end of the period were as follows: |
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Ordinary Shares of one GBP each |
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30 April 2018 |
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30 April 2017 |
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| Mr. Jeff Angell |
50 |
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50 |
| Steve Angell |
50 |
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50 |
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Small Company |
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| Advantage has been taken of special exemptions applicable to small companies in the preparation |
| of this report |
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| Registered Office |
On behalf of the board |
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| 2 The Precinct |
| Rest Bay |
| Porthcawl |
_________________ |
| CF36 3RF |
Steve Angell |
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This report was approved by the board on 10 January 2019 and signed on its behalf |
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Quicksigns Limited |
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Trading and Profit and Loss Account |
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Year Ending 30 April 2018 |
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Note |
2018 |
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2017 |
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No. |
£ |
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£ |
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| Turnover |
1 |
37518 |
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36228 |
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| Less Cost of Sales |
3524 |
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3620 |
| -------- |
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| Gross Profit |
33994 |
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32608 |
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| Administrative Expenses |
27533 |
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28230 |
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| Operating Profit |
2 |
6461 |
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4378 |
| Interest Received |
0 |
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0 |
| Interest Payable |
0 |
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0 |
| -------- |
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| Profit on Ordinary Activities Before Taxation |
6461 |
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4378 |
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| Taxation |
4 |
1370 |
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911 |
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| Profit on Ordinary Activities After Taxation |
5091 |
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3467 |
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| Dividends Paid |
5000 |
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3500 |
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| Retained Surplus Transferred to Reserves |
8 |
91 |
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-33 |
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Total Recognised Gains And Losses |
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| There are no other gains or losses for the year other than those going through the profit and loss |
| account. |
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Continuing Activities |
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| All income and expenses are from continuing activities. |
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Quicksigns Limited |
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Balance Sheet As At |
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30 April 2018 |
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Note |
2018 |
2018 |
2017 |
2017 |
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No. |
£ |
£ |
£ |
£ |
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| Fixed Assets |
Intangible Assets |
5 |
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0 |
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0 |
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Tangible Assets |
5 |
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7486 |
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1213 |
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Total Fixed Assets |
5 |
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7486 |
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1213 |
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| Current Assets: |
| Stock |
338 |
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364 |
| Trade debtors |
6768 |
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7342 |
| Bank account |
7223 |
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4245 |
| Cash account |
155 |
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181 |
| Corporation tax |
0 |
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0 |
| -------- |
-------- |
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14484 |
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12132 |
| Creditors: |
| Amounts Falling due Within One Year |
6 |
21834 |
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12132 |
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| Net Current Assets |
-7350 |
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-1168 |
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| Total Assets Less Current Liabilities |
136 |
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45 |
| ===== |
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| Capital and Reserves |
2018 |
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2017 |
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£ |
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£ |
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| Called up Share Capital |
7 |
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100 |
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100 |
| Profit and Loss Account |
8 |
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36 |
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-55 |
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| Shareholders Funds |
8 |
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136 |
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45 |
| ===== |
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| The financial statements are hereby approved by the board of directors. |
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Steve Angell |
10 January 2019 |
| ____________________ |
(director) |
_________________ Date |
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Quicksigns Limited |
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Notes to the Accounts |
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Year Ending 30 April 2018 |
| 1. Accounting Policies |
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| (a) The accounts have been prepared under the Historical Cost Convention. The principal policies |
| which the directors have adopted within that convention are set out below. |
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| (b) Depreciation is provided on tangible fixed assets each year in order to write their value down |
| over their estimated lives. The rates that apply are as follows: |
| Office equipment |
15% |
| Plant and equipment |
20% |
| Motor Vehicle |
0.25 |
| (c) The charge for taxation is based on the profit for the year and takes into account taxation |
| deferred because of timing differences between the treatment of certain items for accounting and |
| taxation purposes. Provision for deferred taxation is made under the liability method only to the |
| extent that it is probable that the liability will become payable in the foreseeable future. |
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| (d) Turnover is stated as invoices issued, net of value added tax payable. |
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| 2. Operating Profit |
2018 |
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2017 |
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£ |
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£ |
| Operating profit is arrived at after charging: |
| Depreciation on tangible fixed assets |
2477 |
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382 |
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| 3. Directors Emoluments |
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| The amounts received by the directors were as follows: |
| Management remuneration |
8832 |
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11704 |
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| 4. Deferred Tax |
| No provision has been made in respect of deferred taxation. The total potential provision |
| would have been nil. |
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| 5. Fixed Assets |
Intangible |
| Fixed Asset |
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Tangible Fixed Assets |
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Motor |
Plant & |
Office |
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Total |
| Cost |
Goodwill |
Vehicles |
Equipment |
Equipment |
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£ |
| Opening balance |
0 |
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14051 |
3850 |
454 |
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18355 |
| Additions |
0 |
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8750 |
0 |
0 |
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8750 |
| Disposals |
0 |
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8000 |
0 |
0 |
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8000 |
| Closing balance |
0 |
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30801 |
3850 |
454 |
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35105 |
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| Depreciation |
| Opening balance |
0 |
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13025 |
3756 |
361 |
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17142 |
| Charge for the year |
0 |
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2444 |
19 |
14 |
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2477 |
| Disposals |
0 |
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8000 |
0 |
0 |
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0 |
| Closing balance |
0 |
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23469 |
3775 |
375 |
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19619 |
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| Net Book Value |
| Closing balance |
0 |
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7332 |
75 |
79 |
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7486 |
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Quicksigns Limited |
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Notes to the Accounts (Continued) |
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Year Ending 30 April 2018 |
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| 6. Creditors: due within one year. |
2018 |
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2017 |
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£ |
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£ |
| Trade creditors |
127 |
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916 |
| Creditors and accruals |
758 |
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722 |
| Corporation tax |
1370 |
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911 |
| Paye and ni |
0 |
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800 |
| VAT |
1032 |
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1348 |
| Bank loan account |
4511 |
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0 |
| Directors loan account |
14036 |
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8603 |
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21834 |
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13300 |
| ====== |
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| 7. Share Capital |
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| Allocated, called up and fully paid |
| Ordinary shares of one GBP each |
100 |
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100 |
| ====== |
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| 8. Shareholders Funds |
Share |
Profit & |
Shareholders |
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Capital |
Loss a/c |
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Funds |
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£ |
£ |
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£ |
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| Opening balance |
100 |
-55 |
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45 |
| Results for the year |
0 |
91 |
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91 |
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| 30 April 2018 |
100 |
36 |
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136 |
| ====== |
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| 9. Controlling Parties |
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| Directors and a controlling party of the company within the definition contained in FRS 8 are identified as: |
| Mr. Jeff Angell |
Steve Angell |
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This is the end of the statutory financial statements |
