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REGISTERED NUMBER: 12414516 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

QUANTUM 2020 LIMITED

QUANTUM 2020 LIMITED (REGISTERED NUMBER: 12414516)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


QUANTUM 2020 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: A J Hook





REGISTERED OFFICE: Unit 6
Riverside Business Centre
Brighton Road
Shoreham-By-Sea
West Sussex
BN43 6RE





REGISTERED NUMBER: 12414516 (England and Wales)





ACCOUNTANTS: Peter Jarman LLP
trading as
Peter Jarman & Company
1 Harbour House
Harbour Way
Shoreham by Sea
West Sussex
BN43 5HZ

QUANTUM 2020 LIMITED (REGISTERED NUMBER: 12414516)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 39,832 3,647

CURRENT ASSETS
Debtors 5 179,406 185,123
Cash at bank 74,214 127,546
253,620 312,669
CREDITORS
Amounts falling due within one year 6 (149,931 ) (140,202 )
NET CURRENT ASSETS 103,689 172,467
TOTAL ASSETS LESS CURRENT
LIABILITIES

143,521

176,114

CREDITORS
Amounts falling due after more than one
year

7

(13,332

)

(23,333

)

PROVISIONS FOR LIABILITIES 8 (819 ) (693 )
NET ASSETS 129,370 152,088

CAPITAL AND RESERVES
Called up share capital 150 150
Retained earnings 129,220 151,938
129,370 152,088

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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 2020 LIMITED (REGISTERED NUMBER: 12414516)

BALANCE SHEET - continued
31 JANUARY 2024


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 February 2024 and were signed by:





A J Hook - Director


QUANTUM 2020 LIMITED (REGISTERED NUMBER: 12414516)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Quantum 2020 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.
Plant and machinery etc - 25% on reducing balance

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 2 (2023 - 3 ) .

QUANTUM 2020 LIMITED (REGISTERED NUMBER: 12414516)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 5,900
Additions 38,314
At 31 January 2024 44,214
DEPRECIATION
At 1 February 2023 2,253
Charge for year 2,129
At 31 January 2024 4,382
NET BOOK VALUE
At 31 January 2024 39,832
At 31 January 2023 3,647

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 126,255 150,125
Other debtors 53,151 34,998
179,406 185,123

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,001 10,000
Trade creditors 65,665 78,693
Amounts owed to associates 54,615 11,415
Taxation and social security 12,882 39,407
Other creditors 6,768 687
149,931 140,202

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 13,332 23,333

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 819 693

QUANTUM 2020 LIMITED (REGISTERED NUMBER: 12414516)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 February 2023 693
Capital allowances in advance 126
of depreciation
Balance at 31 January 2024 819

9. RELATED PARTY DISCLOSURES

At the beginning of the period there was an amount of £11,415, owed to Ultimate Finishes Limited, a company that Anthony Hook is also a director of. At the end of the period there was an amount of £54,615 owed to Ultimate Finishes Limited.