Company Registration No. 08568342 (England and Wales)
QUORUM FLEET SOLUTIONS LTD
Unaudited accounts
for the year ended 30 June 2024
QUORUM FLEET SOLUTIONS LTD
Unaudited accounts
Contents
QUORUM FLEET SOLUTIONS LTD
Company Information
for the year ended 30 June 2024
Company Number
08568342 (England and Wales)
Registered Office
SUITE 2 ALEXANDER HOUSE
MEADOWFIELD INDUSTRIAL ESTATE
DURHAM
DH7 8XL
ENGLAND
Accountants
Fresh Business Solutions Limited
4 King Street
Spennymoor
Durham
DL16 6QG
QUORUM FLEET SOLUTIONS LTD
Statement of financial position
as at 30 June 2024
Tangible assets
23,012
23,237
Investments
37,451
120,921
Inventories
326,005
186,000
Cash at bank and in hand
446,542
19,797
Creditors: amounts falling due within one year
(396,129)
(115,237)
Net current assets
537,771
273,885
Total assets less current liabilities
599,734
418,043
Creditors: amounts falling due after more than one year
(70,633)
(120,595)
Net assets
529,101
297,448
Called up share capital
1
1
Profit and loss account
529,100
297,447
Shareholders' funds
529,101
297,448
For the year ending 30 June 2024 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 director acknowledges his 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 and authorised for issue on 19 August 2024 and were signed on its behalf by
Mark Batey
Director
Company Registration No. 08568342
QUORUM FLEET SOLUTIONS LTD
Notes to the Accounts
for the year ended 30 June 2024
QUORUM FLEET SOLUTIONS LTD is a private company, limited by shares, registered in England and Wales, registration number 08568342. The registered office is SUITE 2 ALEXANDER HOUSE, MEADOWFIELD INDUSTRIAL ESTATE, DURHAM, DH7 8XL, ENGLAND.
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
15% RB
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
QUORUM FLEET SOLUTIONS LTD
Notes to the Accounts
for the year ended 30 June 2024
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 July 2023
12,280
19,638
31,918
Additions
1,348
2,115
3,463
At 30 June 2024
13,628
21,753
35,381
At 1 July 2023
3,289
5,392
8,681
Charge for the year
1,423
2,265
3,688
At 30 June 2024
4,712
7,657
12,369
At 30 June 2024
8,916
14,096
23,012
At 30 June 2023
8,991
14,246
23,237
6
Investments
Other investments
Valuation at 1 July 2023
120,921
Valuation at 30 June 2024
37,451
Amounts falling due within one year
Trade debtors
153,528
157,053
8
Creditors: amounts falling due within one year
2024
2023
Trade creditors
82,528
62,608
Taxes and social security
173,665
55,371
Accrued preference dividends
101,867
-
Loans from directors
387
(2,742)
9
Creditors: amounts falling due after more than one year
2024
2023
QUORUM FLEET SOLUTIONS LTD
Notes to the Accounts
for the year ended 30 June 2024
10
Average number of employees
During the year the average number of employees was 16 (2023: 8).