Quaystone Projects Limited - Accounts to registrar (filleted) - small 18.1

Quaystone Projects Limited - Accounts to registrar (filleted) - small 18.1


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REGISTERED NUMBER: 10084455(England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

QUAYSTONE PROJECTS LIMITED

QUAYSTONE PROJECTS LIMITED (REGISTERED NUMBER: 10084455)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


QUAYSTONE PROJECTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2018







DIRECTORS: D A James
Mrs L James





REGISTERED OFFICE: Unit 8 Acorn Business Park
Empress Road
Southampton
Hampshire
SO14 0JY





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 2018

31.3.18 31.3.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,956 19,579

CURRENT ASSETS
Stocks 160,544 -
Debtors 5 89,806 184,080
Cash at bank 86,292 17,791
336,642 201,871
CREDITORS
Amounts falling due within one year 6 241,839 125,422
NET CURRENT ASSETS 94,803 76,449
TOTAL ASSETS LESS CURRENT
LIABILITIES

109,759

96,028

CREDITORS
Amounts falling due after more than
one year

7

3,527

6,503
NET ASSETS 106,232 89,525

CAPITAL AND RESERVES
Called up share capital 200 100
Retained earnings 106,032 89,425
106,232 89,525

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 9 May 2018and 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 2018


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 the provisions of Section 1A "Small Entities" 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 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 2018


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 3(2017 - 2) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2017 6,500 18,550 700 25,750
Additions 668 - 1,806 2,474
Disposals - (3,000 ) - (3,000 )
At 31 March 2018 7,168 15,550 2,506 25,224
DEPRECIATION
At 1 April 2017 1,300 4,638 233 6,171
Charge for year 1,174 2,915 758 4,847
Eliminated on disposal - (750 ) - (750 )
At 31 March 2018 2,474 6,803 991 10,268
NET BOOK VALUE
At 31 March 2018 4,694 8,747 1,515 14,956
At 31 March 2017 5,200 13,912 467 19,579

QUAYSTONE PROJECTS LIMITED (REGISTERED NUMBER: 10084455)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Trade debtors 68,641 157,453
Other debtors 20,031 25,270
Prepayments 1,134 1,357
89,806 184,080

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Hire purchase contracts 3,247 3,247
Trade creditors 95,267 22,070
Corporation tax 22,263 21,340
Social security and other taxes 6,549 5,650
VAT 22,765 34,267
Other creditors 4,764 4,979
Directors' current accounts 6,888 32,536
Accrued expenses 80,096 1,333
241,839 125,422

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.18 31.3.17
£    £   
Hire purchase contracts 3,527 6,503