Quaystone Projects Limited - Accounts to registrar (filleted) - small 18.2

Quaystone Projects Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 10084455(England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

FOR

QUAYSTONE PROJECTS LIMITED

QUAYSTONE PROJECTS LIMITED (REGISTERED NUMBER: 10084455)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


QUAYSTONE PROJECTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2019







DIRECTORS: D A James
Mrs LGE James





REGISTERED OFFICE: 14 Spring Gardens
North Baddesley
Hampshire
SO52 9JG





REGISTERED NUMBER: 10084455(England and Wales)





ACCOUNTANTS: Buckleys
Chartered Accountants
Unit 3, Shelley Farm
Shelley Lane
Ower
Romsey
Hampshire
SO51 6AS

QUAYSTONE PROJECTS LIMITED (REGISTERED NUMBER: 10084455)

BALANCE SHEET
31 MARCH 2019

31.3.19 31.3.18
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 53,100 14,956

CURRENT ASSETS
Stocks - 160,544
Debtors 5 254,768 89,806
Cash at bank 48,386 86,292
303,154 336,642
CREDITORS
Amounts falling due within one year 6 191,753 241,839
NET CURRENT ASSETS 111,401 94,803
TOTAL ASSETS LESS CURRENT
LIABILITIES

164,501

109,759

CREDITORS
Amounts falling due after more than
one year

7

11,645

3,527
NET ASSETS 152,856 106,232

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 152,656 106,032
152,856 106,232

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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.

QUAYSTONE PROJECTS LIMITED (REGISTERED NUMBER: 10084455)

BALANCE SHEET - continued
31 MARCH 2019


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 on 17 September 2019and were signed
on its behalf by:





D A James- Director


QUAYSTONE PROJECTS LIMITED (REGISTERED NUMBER: 10084455)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019


1. STATUTORY INFORMATION

Quaystone Projects 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and
handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,
except to the extent that it relates to items recognised in other comprehensive income or directly in
equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been
enacted or substantively enacted by the balance sheet date.


QUAYSTONE PROJECTS LIMITED (REGISTERED NUMBER: 10084455)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2019


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods
different from those in which they are recognised in financial statements. Deferred tax is measured
using tax rates and laws that have been enacted or substantively enacted by the year end and that
are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is
probable that they will be recovered against the reversal of deferred tax liabilities or other future
taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the
period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5(2018 - 3) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2018 7,168 15,550 2,506 25,224
Additions 32,615 19,828 1,216 53,659
At 31 March 2019 39,783 35,378 3,722 78,883
DEPRECIATION
At 1 April 2018 2,474 6,803 991 10,268
Charge for year 7,461 7,144 910 15,515
At 31 March 2019 9,935 13,947 1,901 25,783
NET BOOK VALUE
At 31 March 2019 29,848 21,431 1,821 53,100
At 31 March 2018 4,694 8,747 1,515 14,956

QUAYSTONE PROJECTS LIMITED (REGISTERED NUMBER: 10084455)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2019


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.19 31.3.18
£    £   
Trade debtors 180,280 68,641
Other debtors 74,488 21,165
254,768 89,806

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.19 31.3.18
£    £   
Hire purchase contracts 24,781 3,247
Trade creditors 117,813 95,267
Taxation and social security 43,281 51,577
Other creditors 5,878 91,748
191,753 241,839

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.19 31.3.18
£    £   
Hire purchase contracts 11,645 3,527