Company registration number 12312047 (England and Wales)
QUANTUM SIX CONSULTING LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
PAGES FOR FILING WITH REGISTRAR
QUANTUM SIX CONSULTING LIMITED
COMPANY INFORMATION
Directors
J A Bernstein
I A Jackson
M McGrath
M J Wallen
D J Fox
Company number
12312047
Registered office
22 Wycombe End
Beaconsfield
Buckinghamshire
HP9 1NB
Accountants
Evelyn Partners (Thames Valley) Limited
22 Wycombe End
Beaconsfield
Buckinghamshire
HP9 1NB
QUANTUM SIX CONSULTING LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
QUANTUM SIX CONSULTING LIMITED
BALANCE SHEET
AS AT
30 NOVEMBER 2023
30 November 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
2,135
2,847
Investments
4
53,793
-
0
55,928
2,847
Current assets
Debtors
5
341,731
889,220
Cash at bank and in hand
10,448
79,785
352,179
969,005
Creditors: amounts falling due within one year
6
(1,088,866)
(1,444,811)
Net current liabilities
(736,687)
(475,806)
Total assets less current liabilities
(680,759)
(472,959)
Creditors: amounts falling due after more than one year
7
(20,752)
(30,746)
Net liabilities
(701,511)
(503,705)
Capital and reserves
Called up share capital
8
900
900
Profit and loss reserves
(702,411)
(504,605)
Total equity
(701,511)
(503,705)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

QUANTUM SIX CONSULTING LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 NOVEMBER 2023
30 November 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 19 August 2024 and are signed on its behalf by:
M McGrath
Director
Company registration number 12312047 (England and Wales)
QUANTUM SIX CONSULTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 3 -
1
Accounting policies
Company information

Quantum Six Consulting Limited is a private company limited by shares incorporated in England and Wales. The registered office is 22 Wycombe End, Beaconsfield, Buckinghamshire, HP9 1NB.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

Despite the negative retained earnings position, the directors remain confident that the company has adequate resources to continue in operational existence for the foreseeable future and should it be required, support is available from related parties. The company therefore continues to adopt the going concern basis in preparing its financial statements. true

1.3
Turnover

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.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
25 % reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Fixed asset investments

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

QUANTUM SIX CONSULTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
1
Accounting policies
(Continued)
- 4 -
1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ”Basic Financial Instruments” to all of its financial instruments.

 

Financial instruments are recognised in the company’s balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Short term debtors are measured at transaction price less any provision for impairment. Loans receivable are measured initially at fair value, net of transaction costs and are subsequently carried at amortised costs using the effective interest method, less any provision for impairment.

Basic financial liabilities

Short term creditors are measured at transaction price. Other financial liabilities, including bank loans and other loans, are measured initially at fair value, net of transaction costs and are subsequently carried at amortised costs using the effective interest method.

1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.9
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
11
9
QUANTUM SIX CONSULTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 5 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2022 and 30 November 2023
5,248
Depreciation and impairment
At 1 December 2022
2,401
Depreciation charged in the year
712
At 30 November 2023
3,113
Carrying amount
At 30 November 2023
2,135
At 30 November 2022
2,847
4
Fixed asset investments
2023
2022
£
£
Shares in group undertakings and participating interests
53,793
-
0
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 1 December 2022
-
Additions
53,793
At 30 November 2023
53,793
Carrying amount
At 30 November 2023
53,793
At 30 November 2022
-
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
67,015
496,459
Other debtors
274,716
392,761
341,731
889,220
QUANTUM SIX CONSULTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 6 -
6
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
9,994
9,747
Trade creditors
285,144
698,445
Amounts owed to group undertakings
30,561
-
0
Taxation and social security
31,961
37,399
Other creditors
731,206
699,220
1,088,866
1,444,811
7
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
20,752
30,746
8
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A shares of 0.1p each
450,000
450,000
450
450
Ordinary B shares of 0.1p each
450,000
450,000
450
450
900,000
900,000
900
900
QUANTUM SIX CONSULTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 7 -
9
Related party transactions

During the year, the company was charged a management fee of £34,197 (2022: £39,094) by a company under common control. At the year end, amounts of £144,746 (2022: £16,753) are due to the company. Included within these, are amounts of £17,507 (2022: £16,464) included in trade creditors.

 

During the year, the company received loans amounting to £nil (2022: £99,000) and repaid £40,000 (2022: £59,000) from a company under common control. These loans accrued interest at a rate of 6%, amounting to £17,685 in the year (2022: £16,181). At year end, the company owed £351,910 (2022: £374,225) included in other creditors.

 

The company has taken advantage of the exemption permitted by Section 33 'Related Party Disclosures', not to provide disclosures of transactions entered into with wholly owned subsidiaries.

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