| MJ Quinn - criminal behaviour and general Scousishness |
| Conspired to defraud me out of money on a contract |
| 23rd of Feb, 2014 by Tom Cahill |
Dear All,
This is just a quick one.
Please see my videos and get in touch with me if you have any cause to be dissatisfied with this bunch of criminals.
Please feel free to comment on my videos or link to them.
Remember, if you want to report things to me, I won't pass your details on and don't mind publishing your alleged experiences---as alleged experiences---and as they mount up people can make their own conclusions.
----------------------------------------------------------------
[email protected]
skype: t0mcahill
----------------------------------------------------------------
MJ Quinn - Bribeathon
http://youtu.be/xTQcdbAmU18
MJ Quinn - Uncriminalization
http://youtu.be/WU8Bb7rAAM0
MJ Quinn - Drugs & alcohol fraud
http://youtu.be/LKmiFvHTsSs
MJ Quinn - Destruction of Data
http://youtu.be/poGitNtyCeQ
MJ Quinn - Plauisble deniability & bullying
http://youtu.be/fGL7jWDa85A
MJ Quinn - Sabotage of commercial function. Why?
http://youtu.be/I4tXddr9dHM
MJ Quinn - General analysis: crime, bullying & drunkeness
http://youtu.be/FCqVxajo6Ho
MJ Quinn - Preface
http://youtu.be/6-BJ5WLGRno |
|
|
|
|
Have a look at this thread about them not paying people.
They cannot legally withhold pay if you've been doing training with them that they say cost however much. It is not legally enforceable in the UK, no matter what the contract says; and, if they're not fulfilling their side of the bargain by providing the work that's been promised, then you've got them there as well.
Scam Informer is a great liberator of the oppressed. Anything that goes on here stays up come Hell or high water. |
|
|
|
Shahram Manshoory, an Iranian male residing in Los Angeles county, brother to Fereshteh Manshoory and Farah Dahi and uncle to Sanaz Dahi, is a registered pedophile.
Shahram Dahi is an Iranian Pedophile who regularly hires and has sex with underage boys but has been keeping it a secret. However, some customers of his( his business is Crystal Rock Denim) have discovered his terrible secret and refuse to continue doing business with him. Shahram Manshoory is a vicious child molester and should be avoided at all costs.
He secretly manipulates the small children of his friends' and relatives' families and then molests them and demands fellatio.
These children have traumatized and scarred by Shahram Manshoory.
Here is proof that this pedophile behavior runs in the family:
One of his brothers is Shawn Manshoory aka Shahrokh Manshoory, whom is also a vicious pervert and violent criminal.
A few years ago he violently assaulted and injured his wife, Venus Manshoory. Then he dumped her and locked her in a room while he went and forced sex on his son, Sacha Manshoory. He also forced his son, Sacha Manshoory, to give him oral sex.
His niece is a prostitute by the name of Sanaz Dahi aka Sanaz Sunny Dahi(her stripper name) aka Sanaz Ghodooshim.
Sanaz Dahi is an Iranian, Jewish woman and cheap prostitute.
Sanaz Dahi is also a drug addict, a thief, and a drug-dealer who does not care about her 3 illegitimate children.
Sanaz Dahi has had sexual relatons with several black Muslim men and an Iranian Muslim man, while she was married to another man.
Her children are also trashy. Her youngest child, a daughter, is already having sex with middle aged men and getting paid and enjoying it!
The Iranian Muslim man who had sexual intercourse with Sanaz Dahi stated that he dumped her because he discovered that Sanaz Dahi has venereal diseases, a a= result of her prostitution, and that her vagina has had severe sores and postules and deformities and her vagina stank so badly, that he could no longer be with her.
Sanaz Dahi has a violent mother by the name of Farah Dahi. farah dahi is the sister of Fereshteh Manshoori . Farah Dahi comes from the notoriously troublesome family, the Manshoori clan.
Farah Dahi has several rothers, who sell illegal narcotics (and cover up their drug business with a Los Angeles Downtown business called Gazoz) and 2 other sisters.
Sanaz Dahi is also a dangerous thief whom befriends women and then goes into their homes and steals their husbands, jewelry, and other posessions and destroys their families.
Sanaz Dahi has a Facebook page under the name Sanaz Sunny Dahi. She uses her Facebook page to attract girlfriends so that she can make friends but then solicit prostitution to their husbands.
Sanaz Dahi has ilegitamet children form her male clients while she prostituted.
Additionally, Sanaz Dahi is having sexual relations with underage children. This is an outrage.
The matriarch of this horrible family:
Mrs. Iran Manshoory is the cause of these pedophiles doing such horrible things.
Her personal home phone is:
(310)475-9472.
Included are photos of Sanaz Dahi, Sanaz Dahi and her illegitimate children, Sanaz Dahi and a group of women including her violent mother, Farah Dahi--Farah Dahi is the overweight woman in the center of the photo. |
|
|
|
It seems the link referred to in my last comment seems to have been removed.
Please see further videos uploaded to same You Tube channel:
MJ Quinn - Cost effective way to get money back
MJ Quinn - Request for info for website
MJ Quinn - Dealing with their deception & thieving
MJ Quinn - Training scheme & non payment
Any relevant comment s are very welcome. Pictures are sadly hard to find, but useful for hit websites, so they'll be important to start off, whilst information is collated and uploaded. |
|
|
|
Gucci Outlet, http://www.gucci-shoesfactorys.com/
Polo Outlet Online, http://www.polo-outletstore.com/
Ralph Lauren UK, http://www.ralphlaurenuker.com/
Polo Lauren Ralph, http://www.ralphslaurenpolos.com/
Pas Cher Longchamp Sacs, http://www.saclongchamppairs.com/
Canada Goose Outlet, http://www.canadagooser.com/
Monster Headphones Outlet Online, http://www.discountbeatsbydresale.com/
Burberry Outlet, http://www.burbagssale2013.com/
North Face Jackets Outlet, http://www.north-faceoutletonlines.net/
Michael Kors Outlet, http://www.michaelkors.so/
Marc Jacobs Outlet Online, http://www.marcjacobsonsale.com/
Michael Kors Outlet Online, http://www.michaelkorstates.com/
Cheap Hollister UK Online, http://www.cheaphollistersale.co.uk/
North Clearance, http://www.northsclearance.com/
Coach Purses Outlet Online, http://www.coachxpursesonsale.com/
Coach Factory Online, http://www.coach-factoryy.com/
Coach Outlet Online, http://www.coach-outletusa.com/
http://ralphlaurenoutlet2014.jimdo.com/ |
|
|
|
Dear All,
A minor update. However it does appear that Neil Sherwood was still at the company at the time of these accounts.
Source:
http://www.companiesintheuk.co.uk/Company/DocumentExtract/35087996
For some reason they've removed all numbers. I'm not sure if this is strange for the source in question, but seeing as this info. publicly obtainable via a small fee to Companies House, it seems odd upon first glance.
Start of extract:
M J QUINN HOLDINGS LIMITED - Annual Accounts
Form: AA - Annual Accounts
GROUP OF COMPANIES' ACCOUNTS MADE UP TO 31/05/09
Filed on: 9 Jan 2010
The text below was automatically extracted from a scanned copy of the original document.
The document shown is only an approximation, it is not an exact representation of the actual document.
A lot depends on the quality of the original scan, but:
there is no formatting
some words will be incorrect
all numbers are shown as #
in fact, some bits will look like complete gibberish
PROCEED WITH CAUTION, but we hope this will give you a good idea what is in the original document
Purchase a copy of this document for only £4.99 ex vat
Your purchased version will be formatted well and be totally readable!
View other documents available
#####
NW\\ Q\\“UQ
M J QUINN HOLDINGS LIMITED
COMPANY INFORMATION
Directors G W Tipper (non executive - appointed ## September ####)
E FazakerIey(non executive - appointed ## September #### #. resigned
## November ####)
G N Howse (appointed ## November ####)
M J Quinn (appointed ## November ####)
N Shearwood (appointed ## November ####)
K Monaghan (appointed ## November ####)
M W Orme (appointed ## November ####)
J P Malone (appointed ## November ####)
Company secretary M J Quinn
Company number #######
Registered office Oak House
Overbrook Lane
Knowsley Business Park
Liverpool
L## #FB
Solicitors Mace & Jones
Drury House
## Water Street
Liverpool
L# ORP
M J QUINN HOLDINGS LIMITED
CONTENTS
Page
Directors' report #
Statement of directors' responsibilities #
Independent auditors' report #
Consolidated profit and loss account #
Consolidated balance sheet #
Company balance sheet #
Consolidated cash flow statement #
Notes to the financial statements # - ##
The following pages do not form part of the statutory accounts:
M J QUINN HOLDINGS LIMITED
DIRECTORS' REPORT
FOR THE PERIOD ENDED ## MAY ####
The directors present their report and the financial statements for the period ended ## May ####.
Principal activities
The principal activity of the company during the period was that of being a holding company. The Company was
incorporated on ## September #### as Monaco Newco Limited and changed its name to M J Quinn Holdings
Limited on ## November ####.
On ## November #### M J Quinn Holdings Limited acquired the entire share capital of M J Quinn Group
Limited. ----
As a result of this acquisition, M J Quinn Integrated Services Limited is indirectly held by M J Quinn Holdings
Limited with ###% of its share capital being held by M J Quinn Group Limited.
Business review
The company is a holding company and as such incurred administration expenses in the period but did not
generate any income.
Results
The profit for the period, after taxation, amounted to £###, ###.
Directors
The directors who den/ed during the period were:
G W Tipper (non executive - appointed ## September ####)
E Fazakerley (non executive ~ appointed ## September #### & resigned ## November ####)
G N Howse (appointed ## November ####)
M J Quinn (appointed ## November ####)
N Shearwood (appointed ## November ####)
K Monaghan (appointed ## November ####)
M W Orme (appointed ## November ####)
J P Malone (appointed ## November ####)
Provision of information to auditors
Each of the persons who are directors at the time when this directors' report is approved has confirmed that:
¢ so far as that director is aware, there is no relevant audit information of which the company and the
group's auditors are unaware, and
o that director has taken all the steps that ought to have been taken as a director in order to be aware of
any information needed by the company and the group's auditors in connection with preparing their
report and to establish that the company and the group's auditors are aware of that information.
This report was approved by the board on and signed on its behalf.
M J inn
Director
#_#, _ #.».:Q X
Page #
M J QUINN HOLDINGS LIMITED
STATEMENT OF DIRECTORS' RESPONSIBILITIES
FOR THE PERIOD ENDED ## MAY ####
The directors are responsible for preparing the directors' report and the financial statements in accordance with
applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the
directors have elected to prepare the financial statements in accordance with United Kingdom Generally
Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company
law the directors must not approve the financial statements unless they are satisfied that they give a true and
fair view of the state of affairs of the company and the group and of the profit or loss of the company and the
group for that period. in preparing these financial statements, the directors are required to:
~ select suitable accounting policies and then apply them consistently;
» make judgements and estimates that are reasonable and prudent;
~ state whether applicable accounting standards have been followed, subject to any material departures
disclosed and explained in the financial statements;
° prepare the financial statements on the going concern basis unless it is inappropriate to presume that
the company and the group will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain
the company's transactions and disclose with reasonable accuracy at any time the financial position of the
company and the group and enable them to ensure that the financial statements comply with the Companies
Act ####. They are also responsible for safeguarding the assets of the company and the group and hence for
taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page #
M J QUINN HOLDINGS LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF M J QUINN HOLDINGS LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF M J QUINN HOLDINGS LIMITED
We have audited the financial statements of M J Quinn Holdings Limited for the period ended ## May ####
which comprise the group profit and loss account, the group and parent company balance sheets, the group
cash flow statement and the related notes. The financial reporting framework that has been applied in their
preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted
Accounting Practice).
This report is made solely to the company's members, as a body, in accordance with sections ### and ### of
the Companies Act ####. Our audit work has been undertaken so that we might state to the company's
members those matters we are required to state to them in an auditors' report and for no other purpose. To the
fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company
and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Respective responsibilities of directors and auditors
As explained more fully in the directors’ responsibilities statement, the directors are responsible for the
preparation of the financial statements and for being satisfied that they give a true and fair view. Our
responsibility is to audit the financial statements in accordance with applicable law and International Standards
on Auditing (UK and Ireland). Those standards require us to comply with the Auditing Practices Board’s Ethical
Standards for Auditors.
Scope of the audit
An audit involves obtaining evidence about the amounts and disclosures in the financial statements sufficient to
give reasonable assurance that the financial statements are free from material misstatement, whether caused
by fraud or error. This includes an assessment of: whether the accounting policies are appropriate to the
group's and the parent company’s circumstances and have been consistently applied and adequately
disclosed; the reasonableness of significant accounting estimates made by the directors; and the overall
presentation of the financial statements.
Opinion on financial statements
In our opinion the financial statements:
~ give a true and fair view of the state of the group's and the parent company’s affairs as at ## May ####
and of the group's profit for the period then ended;
~ have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice; and
~ have been prepared in accordance with the requirements of the Companies Act ####.
Opinion on other matter prescribed by the Companies Act ####
In our opinion the information given in the directors’ report for the financial year for which the financial
statements are prepared is consistent with the financial statements.
Page #
M J QUINN HOLDINGS LIMITED
INDEPENDENT AUDITORS' REPORT T# THE MEMBERS OF M J QUINN HOLDINGS LIMITED
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters where the Companies Act #### requires us to
report to you if, in our opinion:
» adequate accounting records have not been kept by the parent company, or returns adequate for our
audit have not been received from branches not visited by us; or
~ the parent company financial statements are not in agreement with the accounting records and returns;
or
~ certain disclosures of directors' remuneration specified by law are not made; or
» we have not received all the information and explanations we require for our audit,
yack QM< Q _~>./r"
Brian Ricketts (Senior Statutory Auditor)
for and on behalf of PKF (UK) LLP, Statutory auditors
Liverpool
#_'i_ LWQW
Page #
M J QUINN HOLDINGS LIMITED
CONSOLIDATED PROFIT AND LOSS ACCOUNT
FOR THE PERIOD ENDED ## MAY ####
Note
TURNOVER #, #
Cost of sales
GROSS PROFIT
Administrative expenses
Other operating income #
OPERATING PROFIT #
Interest receivable
Interest payable #
PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION
Tax on profit on ordinary activities ##
PROFIT CARRIED FORWARD
All amounts relate to continuing operations.
period ended
## May
####
E
##, ###, ###
(##, ###, ###)
#, ###, ###
(#, ##s, SS#)
###
###, ###
###
(###, ###)
###, ###
(##, ###)
###, ###
There were no recognised gains and losses for #### other than those included in the profit and loss account,
The notes on pages # to ## form part of these financial statements.
Page #
Qogigliurzd nomad lQ‘Io#'-I#
M J QUINN HOLDINGS LIMITED
CONSOLIDATED BALANCE SHEET
AS AT ## MAY ####
####
Note £ £
FIXED ASSETS
Intangible fixed assets ## (#, ###, ###)
Tangible fixed assets ## ###, ###
(###, ###)
CURRENT ASSETS
Stocks ## ###, ###
Debtors ## ##, ###, ###
Cash at bank ###
##, ###, ###
CREDITORS: amounts falling due within one year ## (#, ###, ##B)
NET CURRENT ASSETS #, ###, ###
TOTAL ASSETS LESS CURRENT LIABILITIES #, ###, ###
CREDITORS: amounts falling due after more than one year ## (#, ###, ###)
PROVISIONS FOR LIABILITIES
Deferred tax ## (##, ###)
NET ASSETS ###, ###
CAPITAL AND RESERVES
Called up share capital ## ##, ###
Share premium account ## #, ###
Profit and loss account ###, ###
SHAREHOLDERS' FUNDS ## ###, ###
The Tina ail statements were approved and authorised for issue by the board and were signed on its behalf on
ivy-F (, ¢..A.»l/ >&#
M J Quinn M W Orme
Director Director
The notes on pages # to ## form part of these financial statements.
Page #
all Islamabad number; #######
M J QUINN HOLDINGS LIMITED
COMPANY BALANCE SHEET
AS AT ## MAY ####
####
Note £
FIXED ASSETS
Fixed asset investments #
CURRENT ASSETS
Debtors ## ###, ###
TOTAL ASSETS LESS CURRENT LIABILITIES ###, ###
CREDITORS: amounts falling due after more than one year ## (###, ###)
NET ASSETS ##, ###
CAPITAL AND RESERVES
Called up share capital ## ##, ###
Share premium account ## #, ###
SHAREHOLDERS' FUNDS ## ##, ###
The final ` I statements were approved and authorised for issue by the board and were signed on its behalf on
L), -" #-u#°
M J inn M W Orme
Director Director
The notes on pages # to ## form part of these financial statements.
Page #
M J QUINN HOLDINGS LIMITED
CONSOLIDATED CASH FLOW STATEMENT
FOR THE PERIOD ENDED ## MAY ####
Net cash flow from operating activities
Returns on investments and servicing of finance
Taxation
Capital expenditure and financial investment
Acquisitions and disposals
CASH OUTFLOW BEFORE FINANCING
Financing
DECREASE IN CASH IN THE PERIOD
Note
##
##
##
##
##
##
period ended
## May
####
E
(#, ###, ###)
(##, ###)
(##, ###)
(##, ###)
(#, ###, ###)
(#, ###, ###)
#, ###, ###
(#, ###, ###)
RECONCILIATION OF NET CASH FLOW TO MOVEMENT IN NET FUNDSIDEBT
FOR THE PERIOD ENDED ## MAY ####
Decrease in cash in the period
Cash inflow from increase in debt and lease financing
CHANGE IN NET DEBT RESULTING FROM CASH FLOWS
Other non-cash changes
Loans and finance leases acquired with subsidiary
MOVEMENT IN NET DEBT IN THE PERIOD
NET DEBT AT ## MAY ####
The notes on pages # to ## form part of these financial statements.
Page #
period ended
## May
####
£
(#, ###, ###)
(#, ###, ###)
(#, ###, a##)
###, ###
(###, ###)
(#, ###, s#s)
(#, ###, SSS)
M J QUINN HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED ## MAY ####
ACCOUNTING POLICIES
Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention and in accordance
with applicable accounting standards.
A separate profit and loss account for the parent company has not been prepared as permitted
by section ### of the Companies Act ####. The profit after tax for the financial year of the
parent company was ENIL.
Basis of consolidation
The financial statements consolidate the accounts of M J Quinn Holdings Limited and all of its
subsidiary undertakings ('subsidiaries').
The results of subsidiaries acquired during the period are included from the effective date of
acquisition.
Turnover
Turnover represents amounts receivable for goods and services provided in the normal course of
business, net of trade discounts, VAT and other sales related taxes.
Profit is recognised on long term contracts, if the final outcome can be assessed with reasonable
certainty, by including in the profit and loss account turnover and related costs as contract activity
progresses. Turnover is calculated by reference to the value of work performed to date as a
proportion of the total contract value.
Intangible fixed assets and amortisation
Goodwill is the difference between amounts paid on the acquisition oaf business and the fair value of
the identifiable assets and liabilities. It is amortised to the profit and loss account over its estimated
economic life.
Where the fair value of the separable net assets exceeds the fair value of the consideration for an
acquired undertaking the difference is treated as negative goodwill and is capitalised and amortised
through the profit and loss account in the period in which the non monetary assets acquired are
recovered. In the case of current assets, the period over which they are recovered or otherwise
realised.
Negative goodwill relates to amounts recoverable on long term contracts. Negative goodwill shall be
released back to the profit and loss account over the estimated contract life of # years.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates
calculated to write off the cost of fixed assets, less their estimated residual value, over their
expected useful lives on the following bases:
UTerm Leasehold Property ##% straight line
Plant #. machinery ##% reducing balance
Motor vehicles ##% reducing balance
Fixtures & fittings ##% reducing balance
Office equipment ##% reducing balance
Page #
' l
M J QUINN HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED ## MAY ####
Accouumic Poucies (continued)
Leasing and hire purchase
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed
assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their
useful lives. Assets acquired by hire purchase are depreciated over their useful lives, Finance leases
are those where substantially all of the benefits and risks of ownership are assumed by the
company. Obligations under such agreements are included in creditors net of the finance charge
allocated to future periods. The finance element of the rental payment is charged to the profit and
loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in
each period.
Operating leases
Rentals under operating leases are charged on a straight line basis over the lease term,
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for
obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed
and variable overheads.
Deferred taxation
Full provision is made for deferred tax assets and liabilities arising from all timing differences
between the recognition of gains and losses in the financial statements and recognition in the tax
computation.
A net deferred tax asset is recognised only if it can be regarded as more likely than not that there will
be suitable taxable profits from which the future reversal of the underlying timing differences can be
deducted.
Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at the time
the timing differences are expected to reverse.
Deferred tax assets and liabilities are discounted.
# ## Pensions
The company operates a defined contribution pension scheme and the pension charge represents
the amounts payable by the company to the fund in respect of the period.
TURNOVER
The whole of the turnover is attributable to one class of business.
All turnover arose within the United Kingdom.
Page ##
M J QUINN HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED ## MAY ####
OTHER OPERATING INCOME
period ended
## May
####
E
Government grants receivable ###
COST OF SALES, GROSS PROFIT AND OTHER OPERATING EXPENSES
In relation to the acquisition of MJ Quinn Group Limited and MJ Quinn Integrated Services Limited,
continuing operations include cost of sales £##, ###, ###, gross profit £#, ###, ###, and administrative
expenses £#, ###, ###.
OPERATING PROFIT
The operating profit is stated after charging;
period ended
## May
####
E
Amortisation - intangible fixed assets (###, ###)
Depreciation of tangible fixed assets
- owned by the group ###, ###
- held under finance leases #, ###
Operating lease rentals:
- plant and machinery ###, ###
- other operating leases ###, ###
AUDITORS' REMUNERATION
period ended
## May
####
£
Fees payable to the company's auditor for the audit of the company's annual accounts ##, ###
Page ##
M J QUINN HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED ## MAY ####
STAFF COSTS
Staff costs, including directors' remuneration, were as follows:
period ended
## May
####
£
Wages and salaries #, ###, ###
Social security costs ###.###
Other pension costs ##, ###
#, ###, ###
The average monthly number of employees, including the directors, during the period was as follows:
period ended
## May
####
No.
Office and management ###
Production and sales ###
###
DIRECTORS' REMUNERATION
period ended
## May
####
£
Emoluments #######
Company pension contributions to money purchase pension schemes ##, ###
During the period retirement benefits were accruing to # directors in respect of money purchase pension
schemes.
The highest paid director received remuneration of £##, ###
INTEREST PAYABLE
period ended
## May
####
£
On bank loans and overdrafts ##, ###
On other loans ###, ###
###, ###
Page ##
M J QUINN HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED ## MAY ####
TAXATION
Analysis of tax charge in the period
Current tax (see note below)
UK corporation tax charge on profit for the period
Adjustments in respect of prior periods
Total current tax
Deferred tax (see note ##)
Origination and reversal of timing differences
Tax on profit on ordinary activities
Factors affecting tax charge for the period
period ended
## May
####
E
##, ###
#, ###
##, ###
##, ###
##, ###
The tax assessed for the period is lower than the standard rate of corporation tax in the UK (#B%). The
differences are explained below:
period ended
## May
####
£
Profit on ordinary activities before tax ###.###
Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of
##% ##, ###
Effects of:
Expenses not deductible for tax purposes ##, ###
Capital allowances for period in excess of depreciation #, ###
Tax adjustments and other timing differences ##, ###
Overprovision of current taxes #, ###
Amortisation on negative goodwill (##, ###)
Adjustments to tax charge in respect of prior periods #, ###
Current tax charge for the period (see note above) ##, ###
Factors that may affect future tax charges
There were no factors that may affect future tax charges.
Page ##
M J QUINN HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED ## MAY ####
INTANGIBLE FIXED ASSETS
Goodwill
Group E
Cost
Additions (#i###i###I
At ## May #### (#, ###, ###)
Amortisation
At ## September #### -
Charge for the period (###, ###)
At ## May #### (###, ###)
Net book value
At ## ii/lay #### (#, ###, ###l
TANGIBLE FIXED ASSETS
Furniture,
Land and Plant and Motor fittings and
buildings machinery vehicles equipment Total
Group E E £ £ £
Cost
At ## September #### - - -
Additions #, ### - - ##, ### ##, ###
On acquisition of
subsidiaries ###, ### ##, ### ##, ### ###, ### #, ###, ###
At ## May #### ###, ### ##, ### ##, ### ###, ### #, ###, ###
Depreciation
At ## September #### -----
Charge for the period ##, ### ### #, ### ##, ### ###, ###
On acquisition of
subsidiaries ###, ### ##, ### ##, ### ###, ### ###, ###
At ## May #### ###, ### ##, ### ##, ### ###, ### ###, ###
Net book value
Af ## May #### ###, ### #, ### ##, ### ###, ### ###, ###
The net book value of assets held under finance leases or hire purchase contracts, included above, are
as follows:
####
Group £
Motor vehicles ##, ###
Page ##
M J QUINN HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED ## MAY ####
STOCKS
Group Company
#### ####
£ £
Raw materials ###, ### -
DEBTORS
Group Company
#### ####
E £
Trade debtors #, ###, ### -
Amounts owed by group undertakings - ###, ###
Other debtors ##, ### -
Prepayments and accrued income ###, ### -
Amounts recoverable on long term contracts #, ###, ### -
##, ###, ### ###, ###
CREDITORS:
Amounts falling due within one year
Group Company
#### ####
E £
Bank loans and overdrafts #, ###, ###
Net obligations under finance leases and hire purchase contracts ##, ###
Trade creditors #, ###, ###
Corporation tax ###, ###
Social security and other taxes ###, ###
Other creditors ##, ###
Accruals and deferred income ###, ### -
#, ###, ### -
The bank loan is secured by a first legal charge over the leasehold property, a key man insurance policy
on the life of MJ Quinn and joint aNd several guarantee given by MJ Quinn and D Quinn,
The bank overdraft is secured by fixed and floating charges over the assets of the company, MJ Quinn
Group Limited, and MJ Quinn Integrated Services Limited, unlimited cross company guarantees between
these companies, a guarantee given by M J Quinn supported by a second legal charge over property
owned by the director, and a charge of a key man life assurance policy held on the life of M J Quinn,
Finance lease and hire purchase creditors are secured on the assets concerned.
Page ##
M J QUINN HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED ## MAY ####
CREDITORS:
Amounts falling due after more than one year
Group Company
#### ####
£ £
Bank loans ###, ### -
Other loans #, ###, ### -
Net obligations under finance leases and hire purchase contracts #, ### -
Amounts owed to group undertakings - ##, ###
Share capital treated as debt (Note ##) ###, ### ###, ###
#, ###, ### ###, ###
Included within the above are amounts falling due as follows:
Group Company
#### ####
£ E
Between one and two years
Bank loans ##, ### -
Between two and five years
Bank loans ##, ###
Other loans #, ###, ### -
Creditors include amounts not wholly repayable within # years as follows
Group Company
#### ####
E £
Repayable other than by instalments ###, ### ###, ###
Obligations under finance leases and hire purchase contracts, included above, are payable as follows:
Group Company
#### ####
£ £
Between one and five years #, ### -
Other loans of £#, ###, ### are secured on debentures given by the company, MJ Quinn Group Limited
and MJ Quinn Integrated Services Limited, and guarantees given by MJ Quinn Holdings Limited and MJ
Quinn Integrated Services Limited.
The bank loan is repayable over ## months. Interest is payable for each interest period at the annual
rate which is the sum of (#) the Margin, (#) LIBOR and (#) the Mandatory Costs. It is secured by a first
legal charge over the leasehold property and by a key man insurance policy on the life of M J Quinn and
a joint and several guarantee given by M J Quinn and D Quinn.
Page ##
M J QUINN HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED ## MAY ####
DEFERRED TAXATION
Group Company
#### ####
£ E
At ## September #### - -
On acquisition of subsidiaries ##, ### -
The provision for deferred taxation is made up as follows:
Group Company
#### ####
£ £
Other timing differences ##, ### -
SHARE CAPITAL
####
£
Shares classified as capital
Allotted, called up and fully paid
#, ### A Ordinary shares of £# each #, ###
#, ### B Ordinary shares of £# each #, ###
### C Ordinary shares of £# each ###
### D Ordinary shares of £# each ###
##, ###
Shares classified as debt
Allotted, called up and fully paid
###, ### Preference shares of £# each ###, ###
#, ### A Preference shares of O, #p each #
###, ###
During the period, the company alloyed and issued the following shares.
#, ### £# A ordinary shares, with aggregate nominal value of £#, ###, for cash consideration of £#, ###
#, ### £# B ordinary shares, with aggregate nominal value of £#, ###, for cash consideration of £#, ###
### £# C ordinary shares, with aggregate nominal value of £### for cash consideration of £#, ###
### £# D ordinary shares, with aggregate nominal value of £###, for cash consideration of £###
###, ### preference shares, with aggregate nominal value of £###, for cash consideration of £###, ###
#, ### A preference shares, with aggregate nominal value of £#, for cash consideration of £#
Page ##
M J QUINN HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED ## MAY ####
RESERVES
Share
premium
account
Group £
Premium on shares issued during the period #, ###
At ## May #### #, ###
Share
premium
account
Company E
Premium on shares issued during the period #, ###
At ## May #### #, ###
RECONCILIATION OF MOVEMENT IN SHAREHOLDERS' FUNDS
####
Group £
Opening shareholders' funds -
Proit for the period ###, ###
Shares issued during the period ##, ###
Share premium on shares issued (net of expenses) #, ###
Closing shareholders' funds ###, ###
####
Company E
Opening shareholders' funds -
Shares issued during the period ##, ###
Share premium on shares issued (net of expenses) #, ###
Closing shareholders' funds ##, ###
The company has taken advantage of the exemption contained within section ### of the Companies Act
#### not to present its own prohibit and loss account.
The prom for the period dealt with in the accounts of the company was ENIL,
Page ##
M J QUINN HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED ## MAY ####
ACQUISITIONS AND DISPOSALS
Acquisitions
Vendois' Fair value to
book value the group
£ £
Assets and liabilities acquired
Tangible fixed assets ###, ### ###, ###
Stocks ###, ### ###, ###
Debtors ##, ###, ### ##, ###, ###
Cash at bank ## ##
Bank overdrafts (#, ###, ###) (#, ###, ###)
Loans and finance leases (###, ###) (###, ###)
Other creditors and provisions (#, ###, ###) (#, ###, ###)
Net assets acquired #, ###, ### #, ###, ###
Satisfied by
Consideration:
Cash ###, ###
Acquisition costs ###, ###
#, ###, ###
Negative goodwill (#’###’###)
The summarised profit and loss account for MJ Quinn Integrated Services Limited for the period from ##
May #### to the date of acquisition was as follows:
Turnover ##, ###, ###
Operating profit ##, ###
Loss before tax (##, ###)
Loss after tax (##, ###)
Page ##
M J QUINN HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED ## MAY ####
NET CASH FLOW FROM OPERATING ACTIVITIES
Operating profit
Amortisation of intangible fixed assets
Depreciation of tangible fixed assets
Government grants
Increase in debtors
Decrease in creditors
Net cash outflow from operations
ANALYSIS OF CASH FLOWS FOR HEADINGS NETTED IN CASH FLOW STATEMENT
Returns on investments and servicing of finance
interest received
interest paid
Net cash outflow from returns on investments and servicing of finance
Taxation
Corporation tax paid
Capital expenditure and financial investment
Purchase of tangible fixed assets
Government grants received
Net cash outflow from capital expenditure
Page ##
period ended
## May
####
£
###, ###
(###, ###)
###, ###
(###)
(z, ###, po#)
(#, ###, ###)
(#, ###, ###)
period ended
## May
####
£
###
(##, ###)
(##, ###)
period ended
## May
####
£
(##, ###)
period ended
## May
####
£
(##, ###)
# ##
(##, ###)
M J QUINN HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED ## MAY ####
ANALYSIS OF CASH FLOWS FOR HEADINGS NETTED IN CASH FLOW STATEMENT (continued)
period ended
## May
####
£
Acquisitions and disposals
Purchase of hxed asset investments (#, ###, ###)
Net cash acquired with subsidiary undertakings (#, ###, ###)
Net cash outflow from acquisitions and disposals (#, ###, ###I
period ended
## May
####
E
Financing
Issue of ordinary shares ##, ###
Repayment of loans (###, ###)
Other new loans #, ###, ###
Capital element of finance lease rentals (##, ###)
Shares treated as debt- Issued ###, ###
Net cash inflow from financing #, ###, ###
ANALYSIS OF CHANGES IN NET DEBT
Other
## non-cash
September Cash flow Acquisition changes ## May
#### ####
E E £ E £
Cash at bank and in hand: ### - ###
Bank overdraft (#, ###, ###) (#, ###, ###)
(#, ###, ###) (#, ###, ###)
Debt:
Debts due within one year (#, ###, ###) ###, ### #, ###, ### (##, ###)
Debts falling due after more than
one year - - (#, ###, ###) (#, ###, ###)
Ne( funds - (#, ###, ###) ###, ### (###, ###) (#, ###, ###)
PENSION COMMITMENTS
The contributions made by the company to the individual pension schemes of certain employees and
directors is shown in note #. Unpaid contributions at the year end amounted to ENIL (#### ENIL).
Page ##
M J QUINN HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED ## MAY ####
OPERATING LEASE COMMITMENTS
At ## May #### the Group had annual commitments under non-cancellate ooperating leases as follows:
Land and
buildings
####
Group £
Expiry date:
Within # year ~
Between # and # years ###, ###
RELATED PARTY TRANSACTIONS
Other
####
£
##, ###
###, ###
During the period, the company issued the following shares to directors of the company, for cash
consideration as shown.
B ordinary C ordinary D ordinary Preference
shares at shares at shares at shares at
£#.### per £#.### per £#.## per £#.## per
share share share share
£ E E E
M J Quinn #, ### - -
J P Malone #, ### -
M W Orme ### ###
K Monaghan ### ### - -
N Shearwood ### ### - -
G Howse - - ### ##, ###
The company also issued to D Quinn, the wife of a director, #, ### B ordinary shares for cash
consideration of £#.### per share.
No directors held any share options during the year,
The company has taken advantage of the available exemption in FRS # "Related Party Transactions",
not to disclose transactions with group members due to consolidated accounts being available from
Companies House, Cardiff, CF# #UZ.
PRINCIPAL SUBSIDIARIES
Percentage
Company name Shareholding
M J Quinn Group Limited ###
MJ Quinn Integrated Services Limited ###
Page ## |
|
|
|
Here's an article that's been picked up by an international watchdog, based in South Africa, regarding MJ Quinn.
http://article.wn.com/view/2014/03/12/KZN_tackles_fraud_and_corruption/ |
|
|
Post your Comment
|
|
|
