Registered number: 11008095 | ||||||||
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 | ||||||||
REGISTERED OFFICE | ||||||||
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 Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
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 | ||||||||||
2023 | ||||||||||
Notes | £ | |||||||||
FIXED ASSETS | ||||||||||
Intangible assets | 3 | |||||||||
Tangible assets | 4 | |||||||||
CURRENT ASSETS | ||||||||||
Stock | ||||||||||
Debtors | 6 | |||||||||
Cash at bank and in hand | ||||||||||
8,448 | ||||||||||
CREDITORS: Amounts falling due within one year | 7 | |||||||||
NET CURRENT LIABILITIES | ( | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 8 | 9,979 | ||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 9 | |||||||||
Profit and loss account | 5,516 | |||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
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 | ||||||||
Equipment | straight 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 | ||||||||
2. EMPLOYEES | ||||||
2023 | ||||||
No. | No. | |||||
Average number of employees | ||||||
Quantum Fitness Ltd | ||||||||
3. INTANGIBLE FIXED ASSETS | ||||
Purchased | ||||
Goodwill | Total | |||
£ | £ | |||
Cost | ||||
At 01/11/2022 | 22,864 | 22,864 | ||
At 31/10/2023 | 22,864 | 22,864 | ||
Depreciation | ||||
At 01/11/2022 | 4,573 | 4,573 | ||
For the year | 2,286 | 2,286 | ||
At 31/10/2023 | 6,859 | 6,859 | ||
Net Book Amounts | ||||
At 31/10/2023 | ||||
At 31/10/2022 | ||||
4. TANGIBLE FIXED ASSETS | ||||
Equipment | Total | |||
£ | £ | |||
Cost | ||||
At 01/11/2022 | 42,510 | 42,510 | ||
Additions | 7,537 | 7,537 | ||
At 31/10/2023 | 50,047 | 50,047 | ||
Depreciation | ||||
At 01/11/2022 | 14,370 | 14,370 | ||
For the year | 10,010 | 10,010 | ||
At 31/10/2023 | 24,380 | 24,380 | ||
Net Book Amounts | ||||
At 31/10/2023 | 25,667 | |||
At 31/10/2022 | 28,140 | |||
5. STOCK | 2023 | |||
£ | ||||
Stock comprises: | ||||
Stock | ||||
Quantum Fitness Ltd | ||||||||
6. DEBTORS | 2023 | |||||||
£ | ||||||||
Amounts falling due within one year | ||||||||
Trade debtors | 2,590 | |||||||
Other debtors | 2,807 | |||||||
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 tax | 754 | |||||||
VAT | 6,889 | |||||||
PAYE control | 1,411 | |||||||
Directors current account | 9,289 | |||||||
Loans | 10,392 | |||||||
Trade creditors | 5,889 | |||||||
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 >1yr | 9,979 | |||||||
9,979 | ||||||||
9. SHARE CAPITAL | 2023 | |||||||
£ | ||||||||
Allotted, issued and fully paid: | ||||||||
1 | ||||||||
1 | ||||||||
Quantum Fitness Ltd | ||||||||
10. CONTROLLING PARTY | ||||||||
The controlling parties are the directors and shareholders of the company. | ||||||||