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Company Registration No. 09964744 (England and Wales)
Quantum Communications Limited Unaudited accounts for the year ended 31 January 2024
Quantum Communications Limited Unaudited accounts Contents
Page
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Quantum Communications Limited Company Information for the year ended 31 January 2024
Directors
Kenickie Andrew Robert Hugill Richard David Straker-Smith
Company Number
09964744 (England and Wales)
Registered Office
Regent House Brookenby Park Market Rasen Lincolnshire LN8 6HF
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Quantum Communications Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,077,500 
7,993,671 
Investments
300,000 
300,000 
8,377,500 
8,293,671 
Current assets
Inventories
976,540 
598,750 
Debtors
1,040,844 
934,277 
Cash at bank and in hand
495,842 
4,687,988 
2,513,226 
6,221,015 
Creditors: amounts falling due within one year
(843,691)
(615,408)
Net current assets
1,669,535 
5,605,607 
Total assets less current liabilities
10,047,035 
13,899,278 
Creditors: amounts falling due after more than one year
(1,128,314)
(1,655,759)
Net assets
8,918,721 
12,243,519 
Capital and reserves
Called up share capital
200 
200 
Share premium
300,000 
300,000 
Revaluation reserve
6,650,000 
6,650,000 
Capital contribution reserve
1,050,000 
4,550,000 
Profit and loss account
918,521 
743,319 
Shareholders' funds
8,918,721 
12,243,519 
For the year ending 31 January 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 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 30 October 2024 and were signed on its behalf by
Kenickie Andrew Robert Hugill Director Company Registration No. 09964744
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Quantum Communications Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Quantum Communications Limited is a private company, limited by shares, registered in England and Wales, registration number 09964744. The registered office is Regent House, Brookenby Park, Market Rasen, Lincolnshire, LN8 6HF.
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, or revalued where appropriate to reflect true commercial value. 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
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 February 2023
7,760,005 
287,230 
- 
142,122 
8,189,357 
Additions
14,900 
102,135 
42,892 
3,129 
163,056 
At 31 January 2024
7,774,905 
389,365 
42,892 
145,251 
8,352,413 
Depreciation
At 1 February 2023
35,000 
80,198 
- 
80,488 
195,686 
Charge for the year
- 
61,833 
4,442 
12,952 
79,227 
At 31 January 2024
35,000 
142,031 
4,442 
93,440 
274,913 
Net book value
At 31 January 2024
7,739,905 
247,334 
38,450 
51,811 
8,077,500 
At 31 January 2023
7,725,005 
207,032 
- 
61,634 
7,993,671 
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Quantum Communications Limited Notes to the Accounts for the year ended 31 January 2024
5
Investments
Other investments 
£ 
Valuation at 1 February 2023
300,000 
Valuation at 31 January 2024
300,000 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
540,644 
34,077 
Accrued income and prepayments
500,000 
900,000 
Other debtors
200 
200 
1,040,844 
934,277 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
55,122 
30,665 
Trade creditors
694,664 
495,195 
Taxes and social security
75,620 
71,263 
Other creditors
3,667 
3,667 
Accruals
8,500 
8,500 
Deferred income
6,118 
6,118 
843,691 
615,408 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
37,676 
44,259 
Amounts owed to group undertakings and other participating interests
363,208 
634,198 
Other creditors
18,849 
- 
Loans from directors
708,581 
977,302 
1,128,314 
1,655,759 
9
Average number of employees
During the year the average number of employees was 35 (2023: 31).
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