REGISTERED NUMBER: 10084455 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

QUAYSTONE PROJECTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

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.

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 2018 and were signed on its behalf by:

D A James - Director

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.

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

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