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
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
Quantum Resource Solutions Ltd
Statement of financial position
as at 31 July 2023
Tangible assets
1,132
1,179
Cash at bank and in hand
17,885
35,886
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)
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
Quantum Resource Solutions Ltd
Notes to the Accounts
for the year ended 31 July 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
At 31 July 2023
1,495
3,973
5,468
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
At 31 July 2023
661
471
1,132
At 31 July 2022
960
219
1,179
Amounts falling due within one year
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
Taxes and social security
664
2,665
Loans from directors
13,980
16,878
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 2 (2022: 1).