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Company Registration No. 10872707 (England and Wales)
Quantum Resource Solutions Ltd Unaudited accounts for the year ended 31 July 2023
Quantum Resource Solutions Ltd Unaudited accounts Contents
Page
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Quantum Resource Solutions Ltd Company Information for the year ended 31 July 2023
Director
Mr Stephen Hopkinson
Company Number
10872707 (England and Wales)
Registered Office
54 ASHDALE DRIVE HEALD GREEN CHEADLE SK8 3SY
Accountants
Carla Seed Accountancy Ltd 11 Hylton Drive Cheadle Hulme Cheshire SK8 7DH
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Quantum Resource Solutions Ltd Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,132 
1,179 
Current assets
Debtors
9,660 
4,380 
Cash at bank and in hand
17,885 
35,886 
27,545 
40,266 
Creditors: amounts falling due within one year
(17,663)
(21,916)
Net current assets
9,882 
18,350 
Total assets less current liabilities
11,014 
19,529 
Creditors: amounts falling due after more than one year
(7,163)
(9,503)
Net assets
3,851 
10,026 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
2,851 
9,026 
Shareholders' funds
3,851 
10,026 
For the year ending 31 July 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 director acknowledges his 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 and authorised for issue on 26 October 2023 and were signed on its behalf by
Mr Stephen Hopkinson Director Company Registration No. 10872707
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Quantum Resource Solutions Ltd Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Quantum Resource Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 10872707. The registered office is 54 ASHDALE DRIVE, HEALD GREEN, CHEADLE, SK8 3SY.
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.
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:
Fixtures & fittings
20% Straight Line
Computer equipment
33% Straight Line
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2022
1,495 
3,265 
4,760 
Additions
- 
708 
708 
At 31 July 2023
1,495 
3,973 
5,468 
Depreciation
At 1 August 2022
535 
3,046 
3,581 
Charge for the year
299 
456 
755 
At 31 July 2023
834 
3,502 
4,336 
Net book value
At 31 July 2023
661 
471 
1,132 
At 31 July 2022
960 
219 
1,179 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
9,660 
4,380 
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Quantum Resource Solutions Ltd Notes to the Accounts for the year ended 31 July 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
2,950 
2,314 
Trade creditors
69 
59 
Taxes and social security
664 
2,665 
Loans from directors
13,980 
16,878 
17,663 
21,916 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
7,163 
9,503 
8
Average number of employees
During the year the average number of employees was 2 (2022: 1).
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