Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 04317722 Mr Stephen Pilling Mr Andrew Lister iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04317722 2023-03-31 04317722 2024-03-31 04317722 2023-04-01 2024-03-31 04317722 frs-core:CurrentFinancialInstruments 2024-03-31 04317722 frs-core:Non-currentFinancialInstruments 2024-03-31 04317722 frs-core:BetweenOneFiveYears 2024-03-31 04317722 frs-core:ComputerEquipment 2024-03-31 04317722 frs-core:ComputerEquipment 2023-04-01 2024-03-31 04317722 frs-core:ComputerEquipment 2023-03-31 04317722 frs-core:FurnitureFittings 2024-03-31 04317722 frs-core:FurnitureFittings 2023-04-01 2024-03-31 04317722 frs-core:FurnitureFittings 2023-03-31 04317722 frs-core:MotorVehicles 2024-03-31 04317722 frs-core:MotorVehicles 2023-04-01 2024-03-31 04317722 frs-core:MotorVehicles 2023-03-31 04317722 frs-core:WithinOneYear 2024-03-31 04317722 frs-core:ShareCapital 2024-03-31 04317722 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 04317722 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04317722 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 04317722 frs-bus:SmallEntities 2023-04-01 2024-03-31 04317722 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04317722 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 04317722 frs-bus:Director1 2023-04-01 2024-03-31 04317722 frs-bus:Director2 2023-04-01 2024-03-31 04317722 frs-countries:EnglandWales 2023-04-01 2024-03-31 04317722 2022-03-31 04317722 2023-03-31 04317722 2022-04-01 2023-03-31 04317722 frs-core:CurrentFinancialInstruments 2023-03-31 04317722 frs-core:Non-currentFinancialInstruments 2023-03-31 04317722 frs-core:BetweenOneFiveYears 2023-03-31 04317722 frs-core:WithinOneYear 2023-03-31 04317722 frs-core:ShareCapital 2023-03-31 04317722 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 04317722
Quantum Consult Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
C W Dix Limited
Accountants & Business Advisors
4b Silkwood Court
Wakefield
West Yorkshire
WF5 9TP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04317722
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 34,221 15,345
34,221 15,345
CURRENT ASSETS
Debtors 5 245,582 224,627
Cash at bank and in hand 68,354 57,627
313,936 282,254
Creditors: Amounts Falling Due Within One Year 6 (166,415 ) (113,193 )
NET CURRENT ASSETS (LIABILITIES) 147,521 169,061
TOTAL ASSETS LESS CURRENT LIABILITIES 181,742 184,406
Creditors: Amounts Falling Due After More Than One Year 7 (28,284 ) (22,500 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,858 ) (3,303 )
NET ASSETS 151,600 158,603
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 151,500 158,503
SHAREHOLDERS' FUNDS 151,600 158,603
Page 1
Page 2
For the year ending 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 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Stephen Pilling
Director
22/11/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Quantum Consult Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04317722 . The registered office is Century Offices, Thorpe Park, Leeds, LS15 8ZB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% reducing balance basis
Fixtures & Fittings 25% reducing balance basis
Computer Equipment 25% reducing balance basis
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year 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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
Page 3
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2.5. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 6)
6 6
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 - 6,941 58,004 64,945
Additions 28,499 50 1,735 30,284
As at 31 March 2024 28,499 6,991 59,739 95,229
Depreciation
As at 1 April 2023 - 6,300 43,300 49,600
Provided during the period 7,125 173 4,110 11,408
As at 31 March 2024 7,125 6,473 47,410 61,008
Net Book Value
As at 31 March 2024 21,374 518 12,329 34,221
As at 1 April 2023 - 641 14,704 15,345
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 102,722 183,595
Prepayments and accrued income - 871
Other debtors 3,629 3,400
Amounts owed by group undertakings 139,231 36,761
245,582 224,627
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Page 5
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 3,663 -
Trade creditors 14,466 16,710
Bank loans and overdrafts 10,000 10,000
Corporation tax 638 7,779
Other taxes and social security 2,499 755
VAT 10,918 310
Net wages 5,635 -
Accruals and deferred income 580 11,385
Amounts owed to group undertakings 118,016 66,254
166,415 113,193
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 20,784 -
Bank loans 7,500 22,500
28,284 22,500
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 3,663 -
Later than one year and not later than five years 20,784 -
24,447 -
24,447 -
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5