1 September 2022 false No description of principal activity Taxfiler 2023.9.1 13547266business:PrivateLimitedCompanyLtd2022-09-012023-08-31 135472662022-08-31 135472662022-09-012023-08-31 13547266business:AuditExempt-NoAccountantsReport2022-09-012023-08-31 13547266business:FilletedAccounts2022-09-012023-08-31 135472662023-08-31 135472662022-08-31 13547266core:WithinOneYear2023-08-31 13547266core:WithinOneYear2022-08-31 13547266core:ShareCapitalcore:PreviouslyStatedAmount2023-08-31 13547266core:ShareCapitalcore:PreviouslyStatedAmount2022-08-31 13547266core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 13547266core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-08-31 13547266core:PreviouslyStatedAmount2023-08-31 13547266core:PreviouslyStatedAmount2022-08-31 13547266business:SmallEntities2022-09-012023-08-31 13547266business:Director12022-09-012023-08-31 13547266countries:EnglandWales2022-09-012023-08-31 13547266business:RegisteredOffice2022-09-012023-08-31 13547266core:MotorVehicles2022-09-012023-08-31 13547266core:MotorVehicles2022-08-31 13547266core:MotorVehicles2023-08-31 135472662021-08-042022-08-31 iso4217:GBP xbrli:pure
Company Registration No. 13547266 (England and Wales)
QUANTIFYX LIMITED Unaudited accounts for the year ended 31 August 2023
QUANTIFYX LIMITED Unaudited accounts Contents
Page
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QUANTIFYX LIMITED Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
124,833 
- 
Current assets
Debtors
390,913 
4,978 
Cash at bank and in hand
288,663 
698,108 
679,576 
703,086 
Creditors: amounts falling due within one year
(121,654)
(179,379)
Net current assets
557,922 
523,707 
Net assets
682,755 
523,707 
Capital and reserves
Called up share capital
1,200 
1,200 
Profit and loss account
681,555 
522,507 
Shareholders' funds
682,755 
523,707 
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 October 2023 and were signed on its behalf by
R Ellis Director Company Registration No. 13547266
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QUANTIFYX LIMITED Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
QUANTIFYX LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13547266. The registered office is 128 CITY ROAD, LONDON, EC1V 2NX, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Straight Line
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Pension costs
Contributions payable are recognised in the profit and loss account when due.
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QUANTIFYX LIMITED Notes to the Accounts for the year ended 31 August 2023
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 September 2022
- 
Additions
158,000 
At 31 August 2023
158,000 
Depreciation
Charge for the year
33,167 
At 31 August 2023
33,167 
Net book value
At 31 August 2023
124,833 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
9,606 
2,978 
Accrued income and prepayments
258,307 
- 
Other debtors
123,000 
2,000 
390,913 
4,978 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
84,968 
161,643 
Other creditors
7,105 
2,000 
Loans from directors
29,581 
15,736 
121,654 
179,379 
7
Average number of employees
During the year the average number of employees was 7 (2022: 5).
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