Registered number
07482006
Quantum Accounting & Tax Services LTD
Filleted Accounts
For the year ended 31 March 2023
Quantum Accounting & Tax Services LTD
Registered number: 07482006
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 129 172
Current assets
Debtors 4 11,036 11,036
Cash at bank and in hand 125 1,816
11,161 12,852
Creditors: amounts falling due within one year 5 (32,458) (34,346)
Net current liabilities (21,297) (21,494)
Net liabilities (21,168) (21,322)
Capital and reserves
Called up share capital 100 100
Profit and loss account (21,268) (21,422)
Shareholders' funds (21,168) (21,322)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Amit Kukar
Director
Approved by the board on 22 October 2024
Quantum Accounting & Tax Services LTD
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Furniture & Fixtures W.D.V method @ 25% SLM
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Furniture & Fixtures
£
Cost
At 1 April 2022 4,004
At 31 March 2023 4,004
Depreciation
At 1 April 2022 3,832
Charge for the year 43
At 31 March 2023 3,875
Net book value
At 31 March 2023 129
At 31 March 2022 172
4 Debtors 2023 2022
£ £
Trade debtors 1,750 1,750
Other debtors 9,286 9,286
11,036 11,036
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 115 1,850
Taxation and social security costs 12,245 12,230
Other creditors 20,098 20,266
32,458 34,346
6 Other information
Quantum Accounting & Tax Services LTD is a private company limited by shares and incorporated in England. Its registered office is:
37 Viceroy Court,
57-58 Prince Albert Road,
London,
England,
NW8 7PR
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