Company Registration No. 09797665 (England and Wales)
QUANTUM CONSTRUCTION CONSULTING LIMITED
Unaudited accounts
for the year ended 31 October 2023
QUANTUM CONSTRUCTION CONSULTING LIMITED
Unaudited accounts
Contents
QUANTUM CONSTRUCTION CONSULTING LIMITED
Company Information
for the year ended 31 October 2023
Directors
D P Breen
H S Breen
Company Number
09797665 (England and Wales)
Registered Office
32 Church Road
New Mills
High Peak
SK22 4NJ
Accountants
Stoney Philbin & Company Limited
7 High Street
Chapel-en-le-Frith
High Peak
SK23 0HD
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
QUANTUM CONSTRUCTION CONSULTING LIMITED
for the year ended 31 October 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
QUANTUM CONSTRUCTION CONSULTING LIMITED for the year ended
31 October 2023 as set out on pages
5 -
7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
Stoney Philbin & Company Limited
Chartered Certified Accountants
7 High Street
Chapel-en-le-Frith
High Peak
SK23 0HD
9 April 2024
QUANTUM CONSTRUCTION CONSULTING LIMITED
Statement of financial position
as at 31 October 2023
Tangible assets
3,063
4,084
Cash at bank and in hand
5,807
-
Creditors: amounts falling due within one year
(11,408)
(12,851)
Net current assets
5,171
282
Called up share capital
2
2
Profit and loss account
8,232
4,364
Shareholders' funds
8,234
4,366
For the year ending 31 October 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 9 April 2024 and were signed on its behalf by
D P Breen
Director
Company Registration No. 09797665
QUANTUM CONSTRUCTION CONSULTING LIMITED
Notes to the Accounts
for the year ended 31 October 2023
QUANTUM CONSTRUCTION CONSULTING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09797665. The registered office is 32 Church Road, New Mills, High Peak, SK22 4NJ.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Fixtures & fittings
25% reducing balance basis
Computer equipment
25% reducing balance basis
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
QUANTUM CONSTRUCTION CONSULTING LIMITED
Notes to the Accounts
for the year ended 31 October 2023
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 November 2022
9,089
2,098
11,187
At 31 October 2023
9,089
2,098
11,187
At 1 November 2022
6,254
849
7,103
Charge for the year
709
312
1,021
At 31 October 2023
6,963
1,161
8,124
At 31 October 2023
2,126
937
3,063
At 31 October 2022
2,835
1,249
4,084
Amounts falling due within one year
Trade debtors
10,772
10,772
Accrued income and prepayments
-
2,361
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
-
4,802
Taxes and social security
1,898
6,572
Loans from directors
2,452
59
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).