QUANTUM TECHNOLOGY MARKETING GROUP LIMITED

Company Registration Number:
03663452 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

QUANTUM TECHNOLOGY MARKETING GROUP LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

QUANTUM TECHNOLOGY MARKETING GROUP LIMITED

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Fixed assets
Intangible assets: 3 1,757,765 1,693,264
Tangible assets: 4 173,125 174,383
Total fixed assets: 1,930,890 1,867,647
Current assets
Debtors: 5 2,155,669 1,053,422
Total current assets: 2,155,669 1,053,422
Creditors: amounts falling due within one year: 6 (3,486,133) (2,711,470)
Net current assets (liabilities): (1,330,464) (1,658,048)
Total assets less current liabilities: 600,426 209,599
Provision for liabilities: (166,089) (74,646)
Total net assets (liabilities): 434,337 134,953
Capital and reserves
Called up share capital: 125 125
Profit and loss account: 434,212 134,828
Shareholders funds: 434,337 134,953

The notes form part of these financial statements

QUANTUM TECHNOLOGY MARKETING GROUP LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 16 January 2025
and signed on behalf of the board by:

Name: Manjinder Singh Dale
Status: Director

The notes form part of these financial statements

QUANTUM TECHNOLOGY MARKETING GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

QUANTUM TECHNOLOGY MARKETING GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 58 47

QUANTUM TECHNOLOGY MARKETING GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Intangible Assets

Total
Cost £
At 01 January 2023 3,086,864
Additions 353,889
At 31 December 2023 3,440,753
Amortisation
At 01 January 2023 1,393,600
Charge for year 289,388
At 31 December 2023 1,682,988
Net book value
At 31 December 2023 1,757,765
At 31 December 2022 1,693,264

QUANTUM TECHNOLOGY MARKETING GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible Assets

Total
Cost £
At 01 January 2023 1,233,675
Additions 3,167
At 31 December 2023 1,236,842
Depreciation
At 01 January 2023 1,059,292
Charge for year 4,425
At 31 December 2023 1,063,717
Net book value
At 31 December 2023 173,125
At 31 December 2022 174,383

QUANTUM TECHNOLOGY MARKETING GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Debtors

2023 2022
££
Debtors due after more than one year: 2,155,669 1,053,422

QUANTUM TECHNOLOGY MARKETING GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Creditors: amounts falling due within one year note

Creditors falling due within one year - £3,486,135

QUANTUM TECHNOLOGY MARKETING GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

7. Related party transactions

At the year end the Group was owed £296,358 (2022: £326,882) by the directors; the loan carries interest on overdue amounts at 4% and it will be repaid in full after the year end (the 2022 balance was repaid in full after the 2022 year end).