Quantum Project Solutions Ltd Filleted Accounts Cover
Quantum Project Solutions Ltd
Company No. 09465302
Information for Filing with The Registrar
31 March 2024
Quantum Project Solutions Ltd Directors Report Registrar
The Directors present their report and the accounts for the year ended 31 March 2024.
Principal activities
The principal activity of the company during the year under review was Consultancy . Information technology consultancy activities.
Directors
The Directors who served at any time during the year were as follows:
S.J. Long
A. Metcalfe
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
A. Metcalfe
Director
15 August 2024
Quantum Project Solutions Ltd Balance Sheet Registrar
at
31 March 2024
Company No.
09465302
Notes
2024
2023
£
£
Fixed assets
Tangible assets
4
14833
14833
Current assets
Debtors
5
8,40018,119
Cash at bank and in hand
2,6275,283
11,02723,402
Creditors: Amount falling due within one year
6
(46,086)
(19,264)
Net current (liabilities)/assets
(35,059)
4,138
Total assets less current liabilities
(34,911)
4,171
Creditors: Amounts falling due after more than one year
7
62,19141,000
Net assets
27,28045,171
Capital and reserves
Called up share capital
115100
Profit and loss account
9
27,16545,071
Total equity
27,28045,171
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 March 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 15 August 2024 and signed on its behalf by:
A. Metcalfe
Director
15 August 2024
Quantum Project Solutions Ltd Notes to the Accounts Registrar
for the year ended 31 March 2024
1
General information
Quantum Project Solutions Ltd is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 09465302
Its registered office is:
1 the Mews
Little Brunswick Street
Huddersfield
HD1 5JL
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Plant and machinery
15% Reducing Balance
Furniture, fittings and equipment
33% Straight Line
Taxation
Income tax expense represents the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Defined contribution pensions
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
23
4
Tangible fixed assets
Fixtures, fittings and equipment
Total
£
£
Cost or revaluation
At 1 April 2023
399399
Additions
180180
At 31 March 2024
579579
Depreciation
At 1 April 2023
366366
Charge for the year
6565
At 31 March 2024
431431
Net book values
At 31 March 2024
148148
At 31 March 2023
33
33
5
Debtors
2024
2023
£
£
Trade debtors
8,40018,000
Other debtors
-119
8,40018,119
6
Creditors:
amounts falling due within one year
2024
2023
£
£
Taxes and social security
18,756
18,351
Loans from directors
24,195724
Other creditors
3,13539
Accruals and deferred income
-150
46,08619,264
7
Creditors:
amounts falling due after more than one year
2024
2023
£
£
Amounts owed to group undertakings
(62,191)
(41,000)
(62,191)
(41,000)
8
Share Capital
100 Ordinary Shares and 15 B Ordinary Shares of £1.00 each were called up and fully paid.
9
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
10
Dividends
2024
2023
£
£
Dividends for the period:
Dividends paid in the period
38,518
20,000
38,518
20,000
Dividends by type:
Equity dividends
38,51820,000
38,518
20,000
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