1 June 2022 false Taxfiler 2023.10 04445312business:PrivateLimitedCompanyLtd2022-06-012023-05-31 044453122022-05-31 044453122022-06-012023-05-31 04445312business:AuditExempt-NoAccountantsReport2022-06-012023-05-31 04445312business:FilletedAccounts2022-06-012023-05-31 044453122023-05-31 04445312business:Director12022-06-012023-05-31 04445312business:Director22022-06-012023-05-31 04445312business:Director32022-06-012023-05-31 04445312business:RegisteredOffice2022-06-012023-05-31 044453122022-05-31 04445312core:WithinOneYear2023-05-31 04445312core:WithinOneYear2022-05-31 04445312core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 04445312core:ShareCapitalcore:PreviouslyStatedAmount2022-05-31 04445312core:CapitalRedemptionReservecore:PreviouslyStatedAmount2023-05-31 04445312core:CapitalRedemptionReservecore:PreviouslyStatedAmount2022-05-31 04445312core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 04445312core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-05-31 04445312core:PreviouslyStatedAmount2023-05-31 04445312core:PreviouslyStatedAmount2022-05-31 04445312business:SmallEntities2022-06-012023-05-31 04445312countries:EnglandWales2022-06-012023-05-31 04445312core:MotorVehicles2022-06-012023-05-31 04445312core:FurnitureFittings2022-06-012023-05-31 04445312core:ComputerEquipment2022-06-012023-05-31 04445312core:MotorVehicles2022-05-31 04445312core:FurnitureFittings2022-05-31 04445312core:ComputerEquipment2022-05-31 04445312core:MotorVehicles2023-05-31 04445312core:FurnitureFittings2023-05-31 04445312core:ComputerEquipment2023-05-31 044453122021-06-012022-05-31 iso4217:GBP xbrli:pure
Company Registration No. 04445312 (England and Wales)
QUORUM DEVELOPMENT LTD Unaudited accounts for the year ended 31 May 2023
QUORUM DEVELOPMENT LTD Unaudited accounts Contents
Page
- 2 -
QUORUM DEVELOPMENT LTD Company Information for the year ended 31 May 2023
Directors
N Fothergill P Fothergill P Usher
Company Number
04445312 (England and Wales)
Registered Office
Office F1, Explorer 2 Thomas Wright Way Net Park Sedgefield County Durham TS21 3FF England
Accountants
Abacus Jack Ltd New Century House Crowther Road Washington Tyne and Wear NE38 0QA
- 3 -
QUORUM DEVELOPMENT LTD Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
89,868 
60,614 
Current assets
Debtors
407,209 
389,922 
Cash at bank and in hand
600,530 
566,872 
1,007,739 
956,794 
Creditors: amounts falling due within one year
(699,601)
(679,648)
Net current assets
308,138 
277,146 
Total assets less current liabilities
398,006 
337,760 
Provisions for liabilities
Deferred tax
(7,314)
(11,517)
Net assets
390,692 
326,243 
Capital and reserves
Called up share capital
61 
61 
Capital redemption reserve
56 
56 
Profit and loss account
390,575 
326,126 
Shareholders' funds
390,692 
326,243 
For the year ending 31 May 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 directors acknowledge their 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 of Directors and authorised for issue on 1 February 2024 and were signed on its behalf by
P Fothergill Director Company Registration No. 04445312
- 4 -
QUORUM DEVELOPMENT LTD Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
QUORUM DEVELOPMENT LTD is a private company, limited by shares, registered in England and Wales, registration number 04445312. The registered office is Office F1, Explorer 2 Thomas Wright Way, Net Park, Sedgefield, County Durham, TS21 3FF, England.
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:
Motor vehicles
25% on cost
Fixtures & fittings
15% on cost
Computer equipment
20% on cost
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 June 2022
31,558 
10,139 
162,100 
203,797 
Additions
47,520 
- 
22,982 
70,502 
Disposals
(31,558)
- 
- 
(31,558)
At 31 May 2023
47,520 
10,139 
185,082 
242,741 
Depreciation
At 1 June 2022
7,890 
6,286 
129,007 
143,183 
Charge for the year
8,555 
1,359 
14,241 
24,155 
On disposals
(14,465)
- 
- 
(14,465)
At 31 May 2023
1,980 
7,645 
143,248 
152,873 
Net book value
At 31 May 2023
45,540 
2,494 
41,834 
89,868 
At 31 May 2022
23,668 
3,853 
33,093 
60,614 
- 5 -
QUORUM DEVELOPMENT LTD Notes to the Accounts for the year ended 31 May 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
1,782 
Trade debtors
382,915 
376,635 
Accrued income and prepayments
21,706 
11,501 
Other debtors
2,588 
4 
407,209 
389,922 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
40,519 
67,935 
Trade creditors
25,604 
26,892 
Taxes and social security
171,224 
140,255 
Other creditors
5,615 
4,348 
Loans from directors
2,025 
1,506 
Accruals
73,179 
148,846 
Deferred income
381,435 
289,866 
699,601 
679,648 
7
Average number of employees
During the year the average number of employees was 24 (2022: 19).
- 6 -