IRIS Accounts Production v24.3.2.46 06371745 Board of Directors Board of Directors 1.4.23 31.3.24 31.3.24 false true false false false true false Ordinary 0.10000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh063717452023-03-31063717452024-03-31063717452023-04-012024-03-31063717452022-03-31063717452022-04-012023-03-31063717452023-03-3106371745ns15:EnglandWales2023-04-012024-03-3106371745ns14:PoundSterling2023-04-012024-03-3106371745ns10:Director12023-04-012024-03-3106371745ns10:Director22023-04-012024-03-3106371745ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3106371745ns10:SmallEntities2023-04-012024-03-3106371745ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3106371745ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3106371745ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3106371745ns10:FullAccounts2023-04-012024-03-310637174512023-04-012024-03-3106371745ns10:OrdinaryShareClass12023-04-012024-03-3106371745ns10:RegisteredOffice2023-04-012024-03-3106371745ns5:CurrentFinancialInstruments2024-03-3106371745ns5:CurrentFinancialInstruments2023-03-3106371745ns5:Non-currentFinancialInstruments2024-03-3106371745ns5:Non-currentFinancialInstruments2023-03-3106371745ns5:ShareCapital2024-03-3106371745ns5:ShareCapital2023-03-3106371745ns5:RetainedEarningsAccumulatedLosses2024-03-3106371745ns5:RetainedEarningsAccumulatedLosses2023-03-3106371745ns5:NetGoodwill2023-04-012024-03-3106371745ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3106371745ns5:PlantMachinery2023-04-012024-03-3106371745ns5:FurnitureFittings2023-04-012024-03-3106371745ns5:MotorVehicles2023-04-012024-03-3106371745ns5:ComputerEquipment2023-04-012024-03-3106371745ns5:NetGoodwill2023-03-3106371745ns5:NetGoodwill2024-03-3106371745ns5:NetGoodwill2023-03-3106371745ns5:PlantMachinery2023-03-3106371745ns5:FurnitureFittings2023-03-3106371745ns5:MotorVehicles2023-03-3106371745ns5:ComputerEquipment2023-03-3106371745ns5:PlantMachinery2024-03-3106371745ns5:FurnitureFittings2024-03-3106371745ns5:MotorVehicles2024-03-3106371745ns5:ComputerEquipment2024-03-3106371745ns5:PlantMachinery2023-03-3106371745ns5:FurnitureFittings2023-03-3106371745ns5:MotorVehicles2023-03-3106371745ns5:ComputerEquipment2023-03-3106371745ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3106371745ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3106371745ns10:OrdinaryShareClass12024-03-31
REGISTERED NUMBER: 06371745 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Quantum Estate Agency Limited

Quantum Estate Agency Limited (Registered number: 06371745)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Quantum Estate Agency Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: H Smith
A Barlow





REGISTERED OFFICE: 2 Clifton Moor Business Village
James Nicolson Link
York
North Yorkshire
YO30 4XG





REGISTERED NUMBER: 06371745 (England and Wales)





ACCOUNTANTS: Beckingtons
2 Clifton Moor Business
Village
James Nicolson Link
York
North Yorkshire
YO30 4XG

Quantum Estate Agency Limited (Registered number: 06371745)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 34,500 82,500
Tangible assets 5 57,003 63,315
91,503 145,815

CURRENT ASSETS
Debtors 6 43,291 26,306
Cash at bank and in hand 142,335 93,413
185,626 119,719
CREDITORS
Amounts falling due within one year 7 124,312 71,047
NET CURRENT ASSETS 61,314 48,672
TOTAL ASSETS LESS CURRENT
LIABILITIES

152,817

194,487

CREDITORS
Amounts falling due after more than one year 8 (20,000 ) (30,000 )

PROVISIONS FOR LIABILITIES (11,559 ) (13,108 )
NET ASSETS 121,258 151,379

CAPITAL AND RESERVES
Called up share capital 9 3 3
Retained earnings 121,255 151,376
SHAREHOLDERS' FUNDS 121,258 151,379

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Quantum Estate Agency Limited (Registered number: 06371745)

Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 January 2025 and were signed on its behalf by:




A Barlow - Director



H Smith - Director


Quantum Estate Agency Limited (Registered number: 06371745)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Quantum Estate Agency Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Quantum Estate Agency Limited (Registered number: 06371745)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 480,000
AMORTISATION
At 1 April 2023 397,500
Charge for year 48,000
At 31 March 2024 445,500
NET BOOK VALUE
At 31 March 2024 34,500
At 31 March 2023 82,500

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 - 20,421 77,498 48,674 146,593
Additions 908 - - 13,615 14,523
Disposals - - (23,748 ) - (23,748 )
At 31 March 2024 908 20,421 53,750 62,289 137,368
DEPRECIATION
At 1 April 2023 - 16,684 34,179 32,415 83,278
Charge for year 15 747 8,664 6,280 15,706
Eliminated on disposal - - (18,619 ) - (18,619 )
At 31 March 2024 15 17,431 24,224 38,695 80,365
NET BOOK VALUE
At 31 March 2024 893 2,990 29,526 23,594 57,003
At 31 March 2023 - 3,737 43,319 16,259 63,315

Quantum Estate Agency Limited (Registered number: 06371745)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 43,291 26,306

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 15,133 5,564
Taxation and social security 94,747 48,238
Other creditors 4,432 7,245
124,312 71,047

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 20,000 30,000

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
30 Ordinary 0.10 3 3