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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
Page
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QUORUM FLEET SOLUTIONS LTD Company Information for the year ended 30 June 2024
Director
Mark Batey
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
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QUORUM FLEET SOLUTIONS LTD Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
1,500 
- 
Tangible assets
23,012 
23,237 
Investments
37,451 
120,921 
61,963 
144,158 
Current assets
Inventories
326,005 
186,000 
Debtors
161,353 
183,325 
Cash at bank and in hand
446,542 
19,797 
933,900 
389,122 
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 
Capital and reserves
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
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QUORUM FLEET SOLUTIONS LTD Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
Computer equipment
15% RB
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 July 2023
- 
Additions
1,500 
At 30 June 2024
1,500 
Amortisation
At 1 July 2023
- 
At 30 June 2024
- 
Net book value
At 30 June 2024
1,500 
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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 
Depreciation
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 
Net book value
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 
Disposals
(83,470)
Valuation at 30 June 2024
37,451 
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
7,825 
11,901 
Trade debtors
153,528 
157,053 
Other debtors
- 
14,371 
161,353 
183,325 
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 
- 
Other creditors
37,682 
- 
Loans from directors
387 
(2,742)
396,129 
115,237 
9
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
70,633 
120,595 
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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).
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