Caseware UK (AP4) 2022.0.179 2022.0.179 2023-09-302023-09-30112022-10-01falseThe principal activity of the company during the year was that of the supply of optical and other scientific equipment.12falsetrue 01259082 2022-10-01 2023-09-30 01259082 2021-10-01 2022-09-30 01259082 2023-09-30 01259082 2022-09-30 01259082 c:CompanySecretary1 2022-10-01 2023-09-30 01259082 c:Director1 2022-10-01 2023-09-30 01259082 c:Director3 2022-10-01 2023-09-30 01259082 c:Director4 2022-10-01 2023-09-30 01259082 c:Director5 2022-10-01 2023-09-30 01259082 c:Director6 2022-10-01 2023-09-30 01259082 c:RegisteredOffice 2022-10-01 2023-09-30 01259082 d:Buildings 2022-10-01 2023-09-30 01259082 d:Buildings 2023-09-30 01259082 d:Buildings 2022-09-30 01259082 d:Buildings d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 01259082 d:Buildings d:LongLeaseholdAssets 2022-10-01 2023-09-30 01259082 d:FurnitureFittings 2022-10-01 2023-09-30 01259082 d:OfficeEquipment 2022-10-01 2023-09-30 01259082 d:OtherPropertyPlantEquipment 2022-10-01 2023-09-30 01259082 d:OtherPropertyPlantEquipment 2023-09-30 01259082 d:OtherPropertyPlantEquipment 2022-09-30 01259082 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 01259082 d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 01259082 d:CurrentFinancialInstruments 2023-09-30 01259082 d:CurrentFinancialInstruments 2022-09-30 01259082 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 01259082 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 01259082 d:ShareCapital 2023-09-30 01259082 d:ShareCapital 2022-09-30 01259082 d:RetainedEarningsAccumulatedLosses 2023-09-30 01259082 d:RetainedEarningsAccumulatedLosses 2022-09-30 01259082 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2023-09-30 01259082 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2022-09-30 01259082 c:FRS102 2022-10-01 2023-09-30 01259082 c:Audited 2022-10-01 2023-09-30 01259082 c:FullAccounts 2022-10-01 2023-09-30 01259082 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 01259082 c:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure
Company registration number: 01259082







FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 SEPTEMBER 2023


QUANTUM DESIGN UK AND IRELAND LIMITED






































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QUANTUM DESIGN UK AND IRELAND LIMITED
 


 
COMPANY INFORMATION


Directors
Dr. S. Ikram 
D. Want 
G. D. Daviess 
Dr. J. J. Schluetter 
D. M. Schultz 




Company secretary
D. Want



Registered number
01259082



Registered office
1 Mole Business Park

Leatherhead

Surrey

KT22 7BA




Independent auditors
Menzies LLP
Chartered Accountants

Ashcombe House

5 The Crescent

Leatherhead

Surrey

KT22 8DY





 


QUANTUM DESIGN UK AND IRELAND LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 7

 


QUANTUM DESIGN UK AND IRELAND LIMITED
REGISTERED NUMBER:01259082



STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
87,322
76,675

  
87,322
76,675

Current assets
  

Stocks
  
227,735
240,388

Debtors: amounts falling due within one year
 5 
675,324
1,451,095

Cash at bank and in hand
  
3,316,624
2,809,457

  
4,219,683
4,500,940

Creditors: amounts falling due within one year
 6 
(770,625)
(1,611,309)

Net current assets
  
 
 
3,449,058
 
 
2,889,631

Total assets less current liabilities
  
3,536,380
2,966,306

Provisions for liabilities
  

Deferred tax
  
(1,797)
(4,442)

Other provisions
 7 
(25,190)
(25,190)

  
 
 
(26,987)
 
 
(29,632)

Net assets
  
3,509,393
2,936,674


Capital and reserves
  

Allotted, called up and fully paid share capital
  
10,000
10,000

Profit and loss account
  
3,499,393
2,926,674

  
3,509,393
2,936,674


Page 1

 


QUANTUM DESIGN UK AND IRELAND LIMITED
REGISTERED NUMBER:01259082


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 2023

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
D. Want
Director

Date: 30 October 2023

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 


QUANTUM DESIGN UK AND IRELAND LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.


General information

Quantum Design UK and Ireland Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office is disclosed on the company information page.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

  
2.2

Revenue

Revenue from the sale of scientific and optical research equipment is recognised and measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Revenue is also recognised on servicing and repairs of scientific research equipment. The revenue derived from provision of services is recognised in accordance with the stage of completion of the servicing contract when revenue can be reliably measured, it is probable that the company will receive the consideration due, the stage of completion and the costs incurred to complete the contract can be reliably measured.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 


QUANTUM DESIGN UK AND IRELAND LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

The estimated useful lives range as follows:

Leasehold property
-
20% reducing balance
Other plant & machinery
-
20% reducing balance
IT equipment
-
33% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 


QUANTUM DESIGN UK AND IRELAND LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

Financial instruments

The Company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or income as appropriate. The company does not currently apply hedge accounting for interest rate and foreign exchange derivatives.


3.


Employees

The average monthly number of employees, including directors, during the year was 13 (2022 - 14).

Page 5

 


QUANTUM DESIGN UK AND IRELAND LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

4.


Tangible fixed assets





Leasehold property
Other plant & machinery etc.
Total

£
£
£



Cost


At 1 October 2022
93,638
83,161
176,799


Additions
22,325
12,219
34,544


Disposals
-
(6,242)
(6,242)



At 30 September 2023

115,963
89,138
205,101



Depreciation


At 1 October 2022
45,603
54,521
100,124


Charge for the year
11,722
12,175
23,897


Disposals
-
(6,242)
(6,242)



At 30 September 2023

57,325
60,454
117,779



Net book value



At 30 September 2023
58,638
28,684
87,322



At 30 September 2022
48,035
28,640
76,675


5.


Debtors

2023
2022
£
£


Trade debtors
464,270
1,012,103

Other debtors
181,068
387,279

Prepayments and accrued income
29,986
51,713

675,324
1,451,095


Page 6

 


QUANTUM DESIGN UK AND IRELAND LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
158,900
207,643

Amounts owed to group undertakings
158
4,546

Corporation tax
-
137,427

Other taxation and social security
142,958
112,889

Other creditors
16,000
-

Accruals and deferred income
452,609
1,148,804

770,625
1,611,309



7.


Provisions


Dilapidation provision

£





At 1 October 2022
25,190



At 30 September 2023
25,190


8.


Contingencies

The company has provided Barclays Bank Plc with a debenture over its bank accounts and a fixed and floating charge over its property and undertakings.


9.


Parent undertaking

The immediate parent company is Quantum Design Europe GmbH. The parent company, incorporated in Germany, prepares consolidated accounts, which may be obtained from Im Tiefen See 58 Darmstadt, 64293 Germany.  


10.


Auditors' information

The auditors' report on the financial statements for the year ended 30 September 2023 was unqualified.

The audit report was signed on 30 October 2023 by Andrew Hookway (Senior Statutory Auditor) on behalf of Menzies LLP.

 
Page 7