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Registered number: 02623983
Quadrant Communications Limited
Unaudited Financial Statements
For The Year Ended 31 August 2023
Starfish Accounting Ltd
ICAEW
The Bowler Barn
Bartletts Court
Littlewick Green
Berkshire
SL6 3RX
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 02623983
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 48,469 49,342
48,469 49,342
CURRENT ASSETS
Debtors 5 64,254 63,672
Cash at bank and in hand 201,972 65,106
266,226 128,778
Creditors: Amounts Falling Due Within One Year 6 (222,028 ) (80,040 )
NET CURRENT ASSETS (LIABILITIES) 44,198 48,738
TOTAL ASSETS LESS CURRENT LIABILITIES 92,667 98,080
Creditors: Amounts Falling Due After More Than One Year 7 (5,360 ) (40,980 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (12,117 ) (9,375 )
NET ASSETS 75,190 47,725
CAPITAL AND RESERVES
Called up share capital 8 2 2
Share premium account 84 84
Profit and Loss Account 75,104 47,639
SHAREHOLDERS' FUNDS 75,190 47,725
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Page 2
For the year ending 31 August 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mellany Newby
Director
18/04/2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Quadrant Communications Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02623983 . The registered office is 54 High Street, Eton, Berkshire, SL4 6BL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on reducing balance
Motor Vehicles 25% on reducing balance
2.4. Leasing and Hire Purchase Contracts
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term. 
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. 
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
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2.8. Government Grant
Grant income received under the Coronavirus Job Retention Scheme is recognised in the profit and loss as the business is entitled to each grant.  This income is recognised on the accruals basis and is disclosed within other operating income. 
2.9. Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. 
2.10. Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. 
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2022: 5)
4 5
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 September 2022 122,763 52,672 175,435
Additions 13,279 - 13,279
As at 31 August 2023 136,042 52,672 188,714
Depreciation
As at 1 September 2022 105,520 20,573 126,093
Provided during the period 6,127 8,025 14,152
As at 31 August 2023 111,647 28,598 140,245
Net Book Value
As at 31 August 2023 24,395 24,074 48,469
As at 1 September 2022 17,243 32,099 49,342
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 54,614 46,971
Other debtors 9,640 16,701
64,254 63,672
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6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 27,649 10,492
Bank loans and overdrafts - 10,000
Other taxes and social security 53,983 25,729
Other creditors 115,610 28,459
Obligations under finance lease and hire purchase contracts 24,786 5,360
222,028 80,040
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans - 10,833
Obligations under finance lease and hire purchase contracts in more than one year 5,360 30,147
5,360 40,980
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2023 2022
£ £
Not later than one year 18,550 18,550
Later than one year and not later than five years 24,733 43,283
43,283 61,833
10. Related Party Transactions
During the year directors received remuneration of £24,475 (2022: £34,260) and dividends of £166,000 (2022: £96,000). 
11. Ultimate Controlling Party
The company has no ultimate controlling party.
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