Caseware UK (AP4) 2022.0.179 2022.0.179 2023-04-302023-04-302022-05-01falseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10113189 2022-05-01 2023-04-30 10113189 2021-05-01 2022-04-30 10113189 2023-04-30 10113189 2022-04-30 10113189 c:Director1 2022-05-01 2023-04-30 10113189 d:PlantMachinery 2022-05-01 2023-04-30 10113189 d:PlantMachinery 2023-04-30 10113189 d:PlantMachinery 2022-04-30 10113189 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 10113189 d:MotorVehicles 2022-05-01 2023-04-30 10113189 d:MotorVehicles 2023-04-30 10113189 d:MotorVehicles 2022-04-30 10113189 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 10113189 d:OfficeEquipment 2022-05-01 2023-04-30 10113189 d:ComputerEquipment 2022-05-01 2023-04-30 10113189 d:ComputerEquipment 2023-04-30 10113189 d:ComputerEquipment 2022-04-30 10113189 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 10113189 d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 10113189 d:CurrentFinancialInstruments 2023-04-30 10113189 d:CurrentFinancialInstruments 2022-04-30 10113189 d:Non-currentFinancialInstruments 2023-04-30 10113189 d:Non-currentFinancialInstruments 2022-04-30 10113189 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 10113189 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-30 10113189 d:ShareCapital 2023-04-30 10113189 d:ShareCapital 2022-04-30 10113189 d:RetainedEarningsAccumulatedLosses 2023-04-30 10113189 d:RetainedEarningsAccumulatedLosses 2022-04-30 10113189 c:FRS102 2022-05-01 2023-04-30 10113189 c:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-30 10113189 c:FullAccounts 2022-05-01 2023-04-30 10113189 c:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 10113189 d:AcceleratedTaxDepreciationDeferredTax 2023-04-30 10113189 d:AcceleratedTaxDepreciationDeferredTax 2022-04-30 10113189 e:PoundSterling 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure

Registered number: 10113189









QUANTCIRCLE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

 
QUANTCIRCLE LIMITED
REGISTERED NUMBER: 10113189

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2023

2023
2023
2022
2022
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
35,450
44,022

  
35,450
44,022

Current assets
  

Debtors: amounts falling due after more than one year
 5 
4,796
4,796

Debtors: amounts falling due within one year
 5 
78,747
39,401

Cash at bank and in hand
  
80,796
81,198

  
164,339
125,395

Creditors: amounts falling due within one year
 6 
(92,700)
(55,314)

Net current assets
  
 
 
71,639
 
 
70,081

Total assets less current liabilities
  
107,089
114,103

Provisions for liabilities
  

Deferred tax
 7 
(6,735)
(8,364)

  
 
 
(6,735)
 
 
(8,364)

Net assets
  
100,354
105,739


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
100,353
105,738

  
100,354
105,739


Page 1

 
QUANTCIRCLE LIMITED
REGISTERED NUMBER: 10113189
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2023

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 11 April 2024.


Dr J P Walton
Director


The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
QUANTCIRCLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1.


General information

Quantcircle Limited is a private company limited by shares and registered in England and Wales. The address of its registered office and principal place of business is 33 Netherhall Gardens, London, NW3 5RL.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

After reviewing the company’s forecast and projection, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

 
2.3

Functional and presentational currency

The functional and presentational currency is GBP.

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Revenue comprises fees receivable from the provision of consultancy services and is recognised in line with the service agreements.

 
2.5

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.6

Current and deferred taxation

Tax is recognised in the Statement of Income and Retained Earnings.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the United Kingdom.

Page 3

 
QUANTCIRCLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
straight line
Office equipment
-
25%
reducing balance
Computer equipment
-
3 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

 
2.8

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.10

Creditors

Creditors are measured at the transaction price.

 
2.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


 
2.12

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable.

Page 4

 
QUANTCIRCLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Tangible fixed assets





Office equipment
Motor vehicles
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 May 2022
820
45,090
2,564
48,474


Additions
-
-
3,002
3,002



At 30 April 2023

820
45,090
5,566
51,476



Depreciation


At 1 May 2022
282
1,606
2,564
4,452


Charge for the year on owned assets
134
11,273
167
11,574



At 30 April 2023

416
12,879
2,731
16,026



Net book value



At 30 April 2023
404
32,211
2,835
35,450



At 30 April 2022
538
43,484
-
44,022

Page 5

 
QUANTCIRCLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

5.


Debtors

2023
2022
£
£

Due after more than one year

Other debtors
4,796
4,796

4,796
4,796


2023
2022
£
£

Due within one year

Trade debtors
15,803
9,450

Prepayments and accrued income
62,944
29,951

78,747
39,401



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
3,793
3,120

Corporation tax
67,005
20,796

Other taxation and social security
18,334
12,108

Other creditors
868
16,590

Accruals
2,700
2,700

92,700
55,314



7.


Deferred taxation




2023


£






At beginning of year
(8,364)


Charged to profit or loss
1,629



At end of year
(6,735)

Page 6

 
QUANTCIRCLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023
 
7.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(6,735)
(8,364)

(6,735)
(8,364)

 
Page 7