IRIS Accounts Production v23.2.0.158 09460125 director 1.4.22 31.3.23 31.3.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure094601252022-03-31094601252023-03-31094601252022-04-012023-03-31094601252021-03-31094601252021-04-012022-03-31094601252022-03-3109460125ns16:EnglandWales2022-04-012023-03-3109460125ns15:PoundSterling2022-04-012023-03-3109460125ns11:Director12022-04-012023-03-3109460125ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3109460125ns11:SmallEntities2022-04-012023-03-3109460125ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-3109460125ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3109460125ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3109460125ns11:FullAccounts2022-04-012023-03-3109460125ns11:RegisteredOffice2022-04-012023-03-3109460125ns6:CurrentFinancialInstruments2023-03-3109460125ns6:CurrentFinancialInstruments2022-03-3109460125ns6:ShareCapital2023-03-3109460125ns6:ShareCapital2022-03-3109460125ns6:RetainedEarningsAccumulatedLosses2023-03-3109460125ns6:RetainedEarningsAccumulatedLosses2022-03-3109460125ns6:FurnitureFittings2022-04-012023-03-3109460125ns6:MotorVehicles2022-04-012023-03-3109460125ns6:ComputerEquipment2022-04-012023-03-3109460125ns6:FurnitureFittings2022-03-3109460125ns6:MotorVehicles2022-03-3109460125ns6:ComputerEquipment2022-03-3109460125ns6:FurnitureFittings2023-03-3109460125ns6:MotorVehicles2023-03-3109460125ns6:ComputerEquipment2023-03-3109460125ns6:FurnitureFittings2022-03-3109460125ns6:MotorVehicles2022-03-3109460125ns6:ComputerEquipment2022-03-3109460125ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3109460125ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-3109460125ns6:WithinOneYearns6:CurrentFinancialInstrumentsns6:HirePurchaseContracts2023-03-3109460125ns6:WithinOneYearns6:CurrentFinancialInstrumentsns6:HirePurchaseContracts2022-03-3109460125ns6:WithinOneYear2023-03-3109460125ns6:WithinOneYear2022-03-3109460125ns6:BetweenOneFiveYears2023-03-3109460125ns6:BetweenOneFiveYears2022-03-3109460125ns6:AllPeriods2023-03-3109460125ns6:AllPeriods2022-03-31
REGISTERED NUMBER: 09460125 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Quantum Survey & Project Management
Limited

Quantum Survey & Project Management
Limited (Registered number: 09460125)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Quantum Survey & Project Management
Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: J Holdsworth





REGISTERED OFFICE: Phoenix House
8 Cranwell Road
Locking Parklands
Weston-Super-Mare
BS24 7GF





REGISTERED NUMBER: 09460125 (England and Wales)





ACCOUNTANTS: Atkins & Co Chartered Accountants
7 Morston Court
Aisecombe Way
Weston Super Mare
Somerset
BS22 8NG

Quantum Survey & Project Management
Limited (Registered number: 09460125)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 166,214 222,837

CURRENT ASSETS
Debtors 5 473,646 368,343
Cash at bank and in hand 773,236 866,036
1,246,882 1,234,379
CREDITORS
Amounts falling due within one year 6 825,009 956,032
NET CURRENT ASSETS 421,873 278,347
TOTAL ASSETS LESS CURRENT
LIABILITIES

588,087

501,184

PROVISIONS FOR LIABILITIES 41,554 42,339
NET ASSETS 546,533 458,845

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 546,532 458,844
546,533 458,845

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

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

The director acknowledges his 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.

Quantum Survey & Project Management
Limited (Registered number: 09460125)

Balance Sheet - continued
31 March 2023


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 director and authorised for issue on 1 December 2023 and were signed by:





J Holdsworth - Director


Quantum Survey & Project Management
Limited (Registered number: 09460125)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Quantum Survey & Project Management 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 7 ) .

Quantum Survey & Project Management
Limited (Registered number: 09460125)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 23,945 491,655 45,079 560,679
Additions - - 5,132 5,132
At 31 March 2023 23,945 491,655 50,211 565,811
DEPRECIATION
At 1 April 2022 11,373 292,712 33,757 337,842
Charge for year 2,514 49,736 9,505 61,755
At 31 March 2023 13,887 342,448 43,262 399,597
NET BOOK VALUE
At 31 March 2023 10,058 149,207 6,949 166,214
At 31 March 2022 12,572 198,943 11,322 222,837

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 447,148 355,760
Other debtors 26,498 12,583
473,646 368,343

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts (see note 7) - 4,967
Trade creditors 36,621 71,491
Taxation and social security 92,238 114,849
Other creditors 696,150 764,725
825,009 956,032

7. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.3.23 31.3.22
£    £   
Net obligations repayable:
Within one year - 4,967

Quantum Survey & Project Management
Limited (Registered number: 09460125)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. LEASING AGREEMENTS - continued

Non-cancellable operating leases
31.3.23 31.3.22
£    £   
Within one year 26,000 26,000
Between one and five years 65,000 91,000
91,000 117,000

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

31.3.23 31.3.22
£    £   
Directors
Balance outstanding at start of year (50,152 ) (51,788 )
Amounts advanced 47,187 239,975
Amounts repaid (46,346 ) (238,339 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (49,311 ) (50,152 )

Amounts are given interest free and are repayable on demand.