2022-04-012023-03-312023-03-31false12704882ABACUS QUANTUM SOLUTIONS LTD2023-09-2970229iso4217:GBPxbrli:pure127048822022-04-01127048822023-03-31127048822022-04-012023-03-31127048822021-04-01127048822022-03-31127048822021-04-012022-03-3112704882bus:SmallEntities2022-04-012023-03-3112704882bus:AuditExempt-NoAccountantsReport2022-04-012023-03-3112704882bus:FullAccounts2022-04-012023-03-3112704882bus:PrivateLimitedCompanyLtd2022-04-012023-03-3112704882core:WithinOneYear2023-03-3112704882core:AfterOneYear2023-03-3112704882core:WithinOneYear2022-03-3112704882core:AfterOneYear2022-03-3112704882core:ShareCapital2023-03-3112704882core:SharePremium2023-03-3112704882core:RevaluationReserve2023-03-3112704882core:OtherReservesSubtotal2023-03-3112704882core:RetainedEarningsAccumulatedLosses2023-03-3112704882core:ShareCapital2022-03-3112704882core:SharePremium2022-03-3112704882core:RevaluationReserve2022-03-3112704882core:OtherReservesSubtotal2022-03-3112704882core:RetainedEarningsAccumulatedLosses2022-03-3112704882core:LandBuildings2023-03-3112704882core:PlantMachinery2023-03-3112704882core:Vehicles2023-03-3112704882core:FurnitureFittings2023-03-3112704882core:OfficeEquipment2023-03-3112704882core:NetGoodwill2023-03-3112704882core:IntangibleAssetsOtherThanGoodwill2023-03-3112704882core:ListedExchangeTraded2023-03-3112704882core:UnlistedNon-exchangeTraded2023-03-3112704882core:LandBuildings2022-03-3112704882core:PlantMachinery2022-03-3112704882core:Vehicles2022-03-3112704882core:FurnitureFittings2022-03-3112704882core:OfficeEquipment2022-03-3112704882core:NetGoodwill2022-03-3112704882core:IntangibleAssetsOtherThanGoodwill2022-03-3112704882core:ListedExchangeTraded2022-03-3112704882core:UnlistedNon-exchangeTraded2022-03-3112704882core:LandBuildings2022-04-012023-03-3112704882core:PlantMachinery2022-04-012023-03-3112704882core:Vehicles2022-04-012023-03-3112704882core:FurnitureFittings2022-04-012023-03-3112704882core:OfficeEquipment2022-04-012023-03-3112704882core:NetGoodwill2022-04-012023-03-3112704882core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3112704882core:ListedExchangeTraded2022-04-012023-03-3112704882core:UnlistedNon-exchangeTraded2022-04-012023-03-3112704882core:MoreThanFiveYears2022-04-012023-03-3112704882core:Non-currentFinancialInstruments2023-03-3112704882core:Non-currentFinancialInstruments2022-03-3112704882dpl:CostSales2022-04-012023-03-3112704882dpl:DistributionCosts2022-04-012023-03-3112704882dpl:AdministrativeExpenses2022-04-012023-03-3112704882core:LandBuildings2022-04-012023-03-3112704882core:PlantMachinery2022-04-012023-03-3112704882core:Vehicles2022-04-012023-03-3112704882core:FurnitureFittings2022-04-012023-03-3112704882core:OfficeEquipment2022-04-012023-03-3112704882core:NetGoodwill2022-04-012023-03-3112704882core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3112704882dpl:GroupUndertakings2022-04-012023-03-3112704882dpl:ParticipatingInterests2022-04-012023-03-3112704882dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3112704882core:ListedExchangeTraded2022-04-012023-03-3112704882dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3112704882core:UnlistedNon-exchangeTraded2022-04-012023-03-3112704882dpl:CostSales2021-04-012022-03-3112704882dpl:DistributionCosts2021-04-012022-03-3112704882dpl:AdministrativeExpenses2021-04-012022-03-3112704882core:LandBuildings2021-04-012022-03-3112704882core:PlantMachinery2021-04-012022-03-3112704882core:Vehicles2021-04-012022-03-3112704882core:FurnitureFittings2021-04-012022-03-3112704882core:OfficeEquipment2021-04-012022-03-3112704882core:NetGoodwill2021-04-012022-03-3112704882core:IntangibleAssetsOtherThanGoodwill2021-04-012022-03-3112704882dpl:GroupUndertakings2021-04-012022-03-3112704882dpl:ParticipatingInterests2021-04-012022-03-3112704882dpl:GroupUndertakingscore:ListedExchangeTraded2021-04-012022-03-3112704882core:ListedExchangeTraded2021-04-012022-03-3112704882dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-04-012022-03-3112704882core:UnlistedNon-exchangeTraded2021-04-012022-03-3112704882core:NetGoodwill2023-03-3112704882core:IntangibleAssetsOtherThanGoodwill2023-03-3112704882core:LandBuildings2023-03-3112704882core:PlantMachinery2023-03-3112704882core:Vehicles2023-03-3112704882core:FurnitureFittings2023-03-3112704882core:OfficeEquipment2023-03-3112704882core:AfterOneYear2023-03-3112704882core:WithinOneYear2023-03-3112704882core:ListedExchangeTraded2023-03-3112704882core:UnlistedNon-exchangeTraded2023-03-3112704882core:ShareCapital2023-03-3112704882core:SharePremium2023-03-3112704882core:RevaluationReserve2023-03-3112704882core:OtherReservesSubtotal2023-03-3112704882core:RetainedEarningsAccumulatedLosses2023-03-3112704882core:NetGoodwill2022-03-3112704882core:IntangibleAssetsOtherThanGoodwill2022-03-3112704882core:LandBuildings2022-03-3112704882core:PlantMachinery2022-03-3112704882core:Vehicles2022-03-3112704882core:FurnitureFittings2022-03-3112704882core:OfficeEquipment2022-03-3112704882core:AfterOneYear2022-03-3112704882core:WithinOneYear2022-03-3112704882core:ListedExchangeTraded2022-03-3112704882core:UnlistedNon-exchangeTraded2022-03-3112704882core:ShareCapital2022-03-3112704882core:SharePremium2022-03-3112704882core:RevaluationReserve2022-03-3112704882core:OtherReservesSubtotal2022-03-3112704882core:RetainedEarningsAccumulatedLosses2022-03-3112704882core:NetGoodwill2021-04-0112704882core:IntangibleAssetsOtherThanGoodwill2021-04-0112704882core:LandBuildings2021-04-0112704882core:PlantMachinery2021-04-0112704882core:Vehicles2021-04-0112704882core:FurnitureFittings2021-04-0112704882core:OfficeEquipment2021-04-0112704882core:AfterOneYear2021-04-0112704882core:WithinOneYear2021-04-0112704882core:ListedExchangeTraded2021-04-0112704882core:UnlistedNon-exchangeTraded2021-04-0112704882core:ShareCapital2021-04-0112704882core:SharePremium2021-04-0112704882core:RevaluationReserve2021-04-0112704882core:OtherReservesSubtotal2021-04-0112704882core:RetainedEarningsAccumulatedLosses2021-04-0112704882core:AfterOneYear2022-04-012023-03-3112704882core:WithinOneYear2022-04-012023-03-3112704882core:Non-currentFinancialInstrumentscore:CostValuation2022-04-012023-03-3112704882core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-04-012023-03-3112704882core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-04-012023-03-3112704882core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-04-012023-03-3112704882core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-04-012023-03-3112704882core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-04-012023-03-3112704882core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-04-012023-03-3112704882core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-04-012023-03-3112704882core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-04-012023-03-3112704882core:Non-currentFinancialInstrumentscore:CostValuation2023-03-3112704882core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-03-3112704882core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-03-3112704882core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-03-3112704882core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-03-3112704882core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-03-3112704882core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-03-3112704882core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-03-3112704882core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-03-3112704882core:Non-currentFinancialInstrumentscore:CostValuation2022-03-3112704882core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-03-3112704882core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-03-3112704882core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-03-3112704882core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-03-3112704882core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-03-3112704882core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-03-3112704882core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-03-3112704882core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-03-3112704882bus:Director12022-04-012023-03-3112704882bus:Director22022-04-012023-03-31

ABACUS QUANTUM SOLUTIONS LTD

Registered Number
12704882
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

ABACUS QUANTUM SOLUTIONS LTD
Company Information
for the year from 1 April 2022 to 31 March 2023

Directors

HOLMAN, Kathleen
HOLMAN, Steven

Registered Address

Piccadilly Business Centre Aldow Enterprise Park
Blackett Street
Manchester
M12 6AE

Registered Number

12704882 (England and Wales)
ABACUS QUANTUM SOLUTIONS LTD
Balance Sheet as at
31 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets51,8882,278
1,8882,278
Current assets
Debtors625,66322,229
Cash at bank and on hand84,38370,049
110,04692,278
Creditors amounts falling due within one year7(41,849)(46,885)
Net current assets (liabilities)68,19745,393
Total assets less current liabilities70,08547,671
Provisions for liabilities8(359)(479)
Net assets69,72647,192
Capital and reserves
Called up share capital100100
Profit and loss account69,62647,092
Shareholders' funds69,72647,192
The financial statements were approved and authorised for issue by the Board of Directors on 29 September 2023, and are signed on its behalf by:
HOLMAN, Steven
Director
Registered Company No. 12704882
ABACUS QUANTUM SOLUTIONS LTD
Notes to the Financial Statements
for the year ended 31 March 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Office Equipment25
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
4.Employee information

20232022
Average number of employees during the year22
5.Property, plant and equipment

Office Equipment

Total

££
Cost or valuation
At 01 April 223,2183,218
Additions196196
At 31 March 233,4143,414
Depreciation and impairment
At 01 April 22940940
Charge for year586586
At 31 March 231,5261,526
Net book value
At 31 March 231,8881,888
At 31 March 222,2782,278
6.Debtors

2023

2022

££
Trade debtors / trade receivables25,07921,738
Prepayments and accrued income584491
Total25,66322,229
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
7.Creditors within one year

2023

2022

££
Trade creditors / trade payables192168
Bank borrowings and overdrafts1088,944
Taxation and social security41,54937,773
Total41,84946,885
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
8.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)359479
Total359479