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Company Registration No. 11082124 (England and Wales)
Quantum Traffic Management (Northern) Limited Unaudited accounts for the year ended 31 December 2023
Quantum Traffic Management (Northern) Limited Unaudited accounts Contents
Page
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Quantum Traffic Management (Northern) Limited Company Information for the year ended 31 December 2023
Directors
Martin Stratton Scott Powell Stephen Jones
Company Number
11082124 (England and Wales)
Registered Office
QUANTUM TRAFFIC MANAGEMENT DAVY WAY LLAY INDUSTRIAL ESTATE WREXHAM LL12 0PG WALES
Accountants
MC Accountancy Limited 4 Catterick Road Bicester Oxfordshire OX26 1AW
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Quantum Traffic Management (Northern) Limited Accountants' report
Accountants' report to the board of directors of Quantum Traffic Management (Northern) 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 25 September 2024
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Quantum Traffic Management (Northern) Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,029,993 
810,632 
Current assets
Debtors
987,787 
1,235,448 
Cash at bank and in hand
475,604 
449,234 
1,463,391 
1,684,682 
Creditors: amounts falling due within one year
(828,475)
(711,594)
Net current assets
634,916 
973,088 
Total assets less current liabilities
1,664,909 
1,783,720 
Creditors: amounts falling due after more than one year
(262,636)
(128,066)
Provisions for liabilities
Deferred tax
(214,462)
(155,204)
Net assets
1,187,811 
1,500,450 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
1,187,711 
1,500,350 
Shareholders' funds
1,187,811 
1,500,450 
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 25 September 2024 and were signed on its behalf by
Scott Powell Director Company Registration No. 11082124
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Quantum Traffic Management (Northern) Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Quantum Traffic Management (Northern) Limited is a private company, limited by shares, registered in England and Wales, registration number 11082124. The registered office is QUANTUM TRAFFIC MANAGEMENT DAVY WAY, LLAY INDUSTRIAL ESTATE, WREXHAM, LL12 0PG, 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
Computer equipment
20% Reducing Balance
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.
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Quantum Traffic Management (Northern) Limited Notes to the Accounts for the year ended 31 December 2023
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.
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.
Going concern
The financial statements are prepared on the basis of going concern, which assumes that the company will be in operational existence for a foreseeable future. This depends upon the continued support of the directors and shareholders. The financial statements do not include any adjustments that would result if such support is withdrawn.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2023
489,373 
789,301 
20,299 
1,298,973 
Additions
256,946 
190,676 
707 
448,329 
At 31 December 2023
746,319 
979,977 
21,006 
1,747,302 
Depreciation
At 1 January 2023
167,410 
312,636 
8,295 
488,341 
Charge for the year
98,566 
127,911 
2,491 
228,968 
At 31 December 2023
265,976 
440,547 
10,786 
717,309 
Net book value
At 31 December 2023
480,343 
539,430 
10,220 
1,029,993 
At 31 December 2022
321,963 
476,665 
12,004 
810,632 
2023 
2022 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
385,601 
192,180 
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Quantum Traffic Management (Northern) Limited Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
987,787 
1,167,099 
Accrued income and prepayments
- 
15,508 
Other debtors
- 
52,841 
987,787 
1,235,448 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
229,918 
249,072 
Obligations under finance leases and hire purchase contracts
86,843 
51,468 
Trade creditors
414,591 
208,964 
Amounts owed to group undertakings and other participating interests
5,715 
- 
Taxes and social security
88,992 
193,271 
Accrued preference dividends
(35)
- 
Other creditors
1,194 
2,500 
Loans from directors
1,257 
- 
Accruals
- 
6,319 
828,475 
711,594 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
137,450 
128,066 
Amounts owed to group undertakings and other participating interests
35,000 
- 
Other creditors
90,186 
- 
262,636 
128,066 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 122 (2022: 98).
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