IRIS Accounts Production v23.4.0.336 14547377 director 19.12.22 31.12.23 31.12.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh145473772022-12-18145473772023-12-31145473772022-12-192023-12-31145473772022-12-1814547377ns15:EnglandWales2022-12-192023-12-3114547377ns14:PoundSterling2022-12-192023-12-3114547377ns10:Director12022-12-192023-12-3114547377ns10:PrivateLimitedCompanyLtd2022-12-192023-12-3114547377ns10:SmallEntities2022-12-192023-12-3114547377ns10:AuditExempt-NoAccountantsReport2022-12-192023-12-3114547377ns10:SmallCompaniesRegimeForDirectorsReport2022-12-192023-12-3114547377ns10:SmallCompaniesRegimeForAccounts2022-12-192023-12-3114547377ns10:FullAccounts2022-12-192023-12-311454737712022-12-192023-12-3114547377ns10:RegisteredOffice2022-12-192023-12-3114547377ns5:CurrentFinancialInstruments2023-12-3114547377ns5:ShareCapital2023-12-3114547377ns5:RetainedEarningsAccumulatedLosses2023-12-3114547377ns5:IntangibleAssetsOtherThanGoodwill2022-12-192023-12-3114547377ns5:PatentsTrademarksLicencesConcessionsSimilar2022-12-192023-12-3114547377ns5:PatentsTrademarksLicencesConcessionsSimilar2023-12-3114547377ns5:PlantMachinery2022-12-192023-12-3114547377ns5:MotorVehicles2022-12-192023-12-3114547377ns5:PlantMachinery2023-12-3114547377ns5:MotorVehicles2023-12-3114547377ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-31
REGISTERED NUMBER: 14547377 (England and Wales)







Unaudited Financial Statements

for the Period

19 December 2022 to 31 December 2023

for

Quantum Ideas Ltd

Quantum Ideas Ltd (Registered number: 14547377)






Contents of the Financial Statements
for the Period 19 December 2022 to 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Quantum Ideas Ltd

Company Information
for the Period 19 December 2022 to 31 December 2023







DIRECTOR: G D Cooper





REGISTERED OFFICE: 14 Frederick Place
Curo Park
St Albans
Hertfordshire
AL2 2FD





REGISTERED NUMBER: 14547377 (England and Wales)





ACCOUNTANTS: DSCO
The Tower
The Maltings
Hoe Lane
Ware
Hertfordshire
SG12 9LR

Quantum Ideas Ltd (Registered number: 14547377)

Balance Sheet
31 December 2023

Notes £    £   
FIXED ASSETS
Intangible assets 4 44,000
Tangible assets 5 15,950
59,950

CURRENT ASSETS
Debtors 6 14,269
Cash at bank 52,860
67,129
CREDITORS
Amounts falling due within one year 7 104,948
NET CURRENT LIABILITIES (37,819 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,131

PROVISIONS FOR LIABILITIES 3,031
NET ASSETS 19,100

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 19,000
19,100

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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 Ideas Ltd (Registered number: 14547377)

Balance Sheet - continued
31 December 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 3 April 2024 and were signed by:





G D Cooper - Director


Quantum Ideas Ltd (Registered number: 14547377)

Notes to the Financial Statements
for the Period 19 December 2022 to 31 December 2023

1. STATUTORY INFORMATION

Quantum Ideas Ltd 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Franchise Fees are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the period 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

Quantum Ideas Ltd (Registered number: 14547377)

Notes to the Financial Statements - continued
for the Period 19 December 2022 to 31 December 2023

4. INTANGIBLE FIXED ASSETS
Franchise
Fees
£   
COST
Additions 55,000
At 31 December 2023 55,000
AMORTISATION
Amortisation for period 11,000
At 31 December 2023 11,000
NET BOOK VALUE
At 31 December 2023 44,000

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
Additions 1,000 19,000 20,000
At 31 December 2023 1,000 19,000 20,000
DEPRECIATION
Charge for period 250 3,800 4,050
At 31 December 2023 250 3,800 4,050
NET BOOK VALUE
At 31 December 2023 750 15,200 15,950

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 13,531
Other debtors 738
14,269

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 5,945
Taxation and social security 5,412
Other creditors 93,591
104,948