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REGISTERED NUMBER: 07308711 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 July 2023

for

QUANTUM SURVEYING & PROJECT
MANAGEMENT SERVICES LIMITED

QUANTUM SURVEYING & PROJECT
MANAGEMENT SERVICES LIMITED (REGISTERED NUMBER: 07308711)

Contents of the Financial Statements
for the year ended 31 July 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


QUANTUM SURVEYING & PROJECT
MANAGEMENT SERVICES LIMITED

Company Information
for the year ended 31 July 2023







Directors: Mr M Bowles
Mrs K A Bowles





Registered office: Scott Lodge
Market Square
Bampton
Oxfordshire
OX18 2JH





Registered number: 07308711 (England and Wales)





Accountants: Haines Watts South East LLP
Chartered Accountants
3 Danebrook Court
Langford Lane
Kidlington
Oxfordshire
OX5 1LQ

QUANTUM SURVEYING & PROJECT
MANAGEMENT SERVICES LIMITED (REGISTERED NUMBER: 07308711)

Balance Sheet
31 July 2023

31/7/23 31/7/22
Notes £ £ £ £
Fixed assets
Tangible assets 4 69,970 92,737

Current assets
Stocks 647,001 38,243
Debtors 5 1,351,776 1,476,573
Cash at bank - 8,057
1,998,777 1,522,873
Creditors
Amounts falling due within one year 6 1,598,111 1,058,491
Net current assets 400,666 464,382
Total assets less current liabilities 470,636 557,119

Creditors
Amounts falling due after more than one
year

7

(37,646

)

(156,580

)

Provisions for liabilities (2,383 ) (6,012 )
Net assets 430,607 394,527

Capital and reserves
Called up share capital 100 100
Retained earnings 430,507 394,427
430,607 394,527

QUANTUM SURVEYING & PROJECT
MANAGEMENT SERVICES LIMITED (REGISTERED NUMBER: 07308711)

Balance Sheet - continued
31 July 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 November 2023 and were signed on its behalf by:





Mr M Bowles - Director


QUANTUM SURVEYING & PROJECT
MANAGEMENT SERVICES LIMITED (REGISTERED NUMBER: 07308711)

Notes to the Financial Statements
for the year ended 31 July 2023


1. Statutory information

Quantum Surveying & Project Management Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

QUANTUM SURVEYING & PROJECT
MANAGEMENT SERVICES LIMITED (REGISTERED NUMBER: 07308711)

Notes to the Financial Statements - continued
for the year ended 31 July 2023


3. Employees and directors

The average number of employees during the year was 8 (2022 - 8 ) .

4. Tangible fixed assets
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£ £ £ £
Cost
At 1 August 2022 40,491 6,514 106,780 153,785
Additions - 1,891 - 1,891
Disposals - - (4,295 ) (4,295 )
At 31 July 2023 40,491 8,405 102,485 151,381
Depreciation
At 1 August 2022 21,536 2,849 36,663 61,048
Charge for year 5,769 - 17,077 22,846
Eliminated on disposal - - (2,483 ) (2,483 )
At 31 July 2023 27,305 2,849 51,257 81,411
Net book value
At 31 July 2023 13,186 5,556 51,228 69,970
At 31 July 2022 18,955 3,665 70,117 92,737

5. Debtors: amounts falling due within one year
31/7/23 31/7/22
£ £
Trade debtors 158,605 570,349
Other debtors 1,193,171 906,224
1,351,776 1,476,573

6. Creditors: amounts falling due within one year
31/7/23 31/7/22
£ £
Bank loans and overdrafts 70,930 -
Hire purchase contracts 10,999 10,999
Trade creditors 991,601 578,527
Taxation and social security 215,715 155,363
Other creditors 308,866 313,602
1,598,111 1,058,491

QUANTUM SURVEYING & PROJECT
MANAGEMENT SERVICES LIMITED (REGISTERED NUMBER: 07308711)

Notes to the Financial Statements - continued
for the year ended 31 July 2023


7. Creditors: amounts falling due after more than one year
31/7/23 31/7/22
£ £
Bank loans 18,452 126,387
Hire purchase contracts 19,194 30,193
37,646 156,580

8. Other financial commitments

The company had total guarantees and commitments at 31 July 2022 of £90,911 (2022 - £167,579.)

9. Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

31/7/23 31/7/22
£ £
Mr M Bowles
Balance outstanding at start of year 167,903 146,180
Amounts advanced 256,321 220,697
Amounts repaid (144,451 ) (198,974 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 279,773 167,903