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Company Registration No. 09701392 (England and Wales)
Quantum Traffic Management Limited Unaudited accounts for the year ended 31 December 2023
Quantum Traffic Management Limited Unaudited accounts Contents
Page
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Quantum Traffic Management Limited Company Information for the year ended 31 December 2023
Directors
Martin Stratton Scott Powell Scott Clarke Shaun Clarke
Company Number
09701392 (England and Wales)
Registered Office
QUANTUM TRAFFIC MANAGEMENT UNIT 4F FELNEX INDUSTRIAL ESTATE NEWPORT NP19 4PQ WALES
Accountants
MC Accountancy Limited 4 Catterick Road Bicester Oxfordshire OX26 1AW
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Quantum Traffic Management Limited Accountants' report
Accountants' report to the board of directors of Quantum Traffic Management Limited (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 December 2023.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 31 December 2023. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
MC Accountancy Limited 4 Catterick Road Bicester Oxfordshire OX26 1AW 20 September 2024
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Quantum Traffic Management Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,985,851 
1,554,256 
Current assets
Debtors
1,817,687 
1,337,365 
Cash at bank and in hand
1,841,283 
1,731,020 
3,658,970 
3,068,385 
Creditors: amounts falling due within one year
(1,291,015)
(1,116,978)
Net current assets
2,367,955 
1,951,407 
Total assets less current liabilities
4,353,806 
3,505,663 
Creditors: amounts falling due after more than one year
- 
(89,610)
Provisions for liabilities
Deferred tax
(412,387)
(292,113)
Net assets
3,941,419 
3,123,940 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
3,940,419 
3,122,940 
Shareholders' funds
3,941,419 
3,123,940 
For the year ending 31 December 2023 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 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 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 of Directors and authorised for issue on 20 September 2024 and were signed on its behalf by
Scott Powell Director Company Registration No. 09701392
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Quantum Traffic Management Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Quantum Traffic Management Limited is a private company, limited by shares, registered in England and Wales, registration number 09701392. The registered office is QUANTUM TRAFFIC MANAGEMENT UNIT 4F, FELNEX INDUSTRIAL ESTATE, NEWPORT, NP19 4PQ, WALES.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Plant & machinery
20% Reducing Balance
Motor vehicles
20% Reducing Balance
Fixtures & fittings
20% Reducing Balance
Computer equipment
20% Reducing Balance
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Quantum Traffic Management Limited Notes to the Accounts for the year ended 31 December 2023
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 January 2023
530,848 
1,780,278 
3,171 
107,505 
2,421,802 
Additions
85,668 
692,724 
285 
19,705 
798,382 
Disposals
- 
(16,729)
- 
- 
(16,729)
At 31 December 2023
616,516 
2,456,273 
3,456 
127,210 
3,203,455 
Depreciation
At 1 January 2023
145,767 
685,014 
1,808 
34,957 
867,546 
Charge for the year
87,768 
259,733 
291 
16,127 
363,919 
On disposals
- 
(13,861)
- 
- 
(13,861)
At 31 December 2023
233,535 
930,886 
2,099 
51,084 
1,217,604 
Net book value
At 31 December 2023
382,981 
1,525,387 
1,357 
76,126 
1,985,851 
At 31 December 2022
385,081 
1,095,264 
1,363 
72,548 
1,554,256 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
37,991 
15,937 
Trade debtors
1,739,042 
1,307,376 
Accrued income and prepayments
5,654 
- 
Other debtors
35,000 
14,052 
1,817,687 
1,337,365 
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Quantum Traffic Management Limited Notes to the Accounts for the year ended 31 December 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
691,099 
394,842 
Amounts owed to group undertakings and other participating interests
19,780 
- 
Taxes and social security
450,241 
315,136 
Other creditors
93,276 
395,721 
Loans from directors
13,272 
3,137 
Accruals
23,347 
8,142 
1,291,015 
1,116,978 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
- 
89,610 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000 
1,000 
9
Average number of employees
During the year the average number of employees was 100 (2022: 100).
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