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Registered number: 11008095

Quantum Fitness Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/10/2023

Prepared By:
Staffer Mayled & Co Ltd
46-48 Station Road
Cardiff
CF14 5LU

Quantum Fitness Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/10/2023
DIRECTORS
Andrew Driscoll
REGISTERED OFFICE
46-48 Station Road
Llanishen
Cardiff
CF14 5LU
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 11008095
ACCOUNTANTS
Staffer Mayled & Co Ltd
46-48 Station Road
Cardiff
CF14 5LU

Quantum Fitness Ltd

ACCOUNTS
FOR THEYEARENDED31/10/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Quantum Fitness Ltd

BALANCE SHEET AT 31/10/2023
2023
Notes£
FIXED ASSETS
Intangible assets316,005
Tangible assets425,667
41,672
CURRENT ASSETS
Stock430
Debtors65,397
Cash at bank and in hand2,621
8,448
CREDITORS: Amounts falling due within one year734,624
NET CURRENT LIABILITIES(26,176)
TOTAL ASSETS LESS CURRENT LIABILITIES15,496
CREDITORS: Amounts falling due after more than one year89,979
NET ASSETS5,517
CAPITAL AND RESERVES
Called up share capital91
Profit and loss account5,516
SHAREHOLDERS' FUNDS5,517
For the year ending 31/10/2023 the company was entitled to exemption 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 17/07/2024 and signed on their behalf by
.............................
Andrew Driscoll
Director

Quantum Fitness Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/10/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipmentstraight line 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 10 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
2. EMPLOYEES
2023
No.No.
Average number of employees-

Quantum Fitness Ltd

3. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/11/202222,86422,864
At 31/10/202322,86422,864
Depreciation
At 01/11/20224,5734,573
For the year2,2862,286
At 31/10/20236,8596,859
Net Book Amounts
At 31/10/202316,00516,005
At 31/10/202218,29118,291
4. TANGIBLE FIXED ASSETS
EquipmentTotal
££
Cost
At 01/11/202242,51042,510
Additions7,5377,537
At 31/10/202350,04750,047
Depreciation
At 01/11/202214,37014,370
For the year10,01010,010
At 31/10/202324,38024,380
Net Book Amounts
At 31/10/202325,66725,667
At 31/10/202228,14028,140
5. STOCK 2023
£
Stock comprises:
Stock430
430

Quantum Fitness Ltd

6. DEBTORS 2023
£
Amounts falling due within one year
Trade debtors2,590
Other debtors2,807
5,397
Other debtors consist of £2,807 owed by associated company Posibl Limited (company number 13966802).
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
£
UK corporation tax754
VAT6,889
PAYE control1,411
Directors current account9,289
Loans10,392
Trade creditors5,889
34,624
On the 1/5/2020 the company entered into a loan agreement of 60 payments of £100 plus interest of 2.5% p.a.. No repayments are due for the first 12 months. On the 28/3/2023 the company entered into a loan agreement of 36 payments of £766.96.
8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023
£
Loans >1yr9,979
9,979
9. SHARE CAPITAL 2023
£
Allotted, issued and fully paid:
1 Class 1 shares of £1 each1
1

Quantum Fitness Ltd

10. CONTROLLING PARTY
The controlling parties are the directors and shareholders of the company.