Company registration number 08234567 (England and Wales)
Quantum Consulting Europe Ltd
UNAUDITED FINANCIAL STATEMENTS
for the year ended 31 October 2024
PAGES FOR FILING WITH REGISTRAR
Quantum Consulting Europe Ltd
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
Quantum Consulting Europe Ltd
Statement of financial position
as at 31 October 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,781
2,642
Current assets
Debtors
4
7,696
18,311
Cash at bank and in hand
26
24,146
7,722
42,457
Creditors: amounts falling due within one year
5
(8,801)
(20,995)
Net current (liabilities)/assets
(1,079)
21,462
Total assets less current liabilities
702
24,104
Capital and reserves
Called up share capital
103
103
Profit and loss reserves
599
24,001
Total equity
702
24,104
Quantum Consulting Europe Ltd
Statement of financial position (continued)
as at 31 October 2024
- 2 -

The director of the company has elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 31 January 2025
N R Martin
Director
Company Registration No. 08234567
Quantum Consulting Europe Ltd
Notes to the financial statements
for the year ended 31 October 2024
- 3 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover

Turnover represents the fair value of the consideration received for services provided in the normal course of business, and is shown net of VAT. Turnover is recognised upon the provision of services.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost less depreciation.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
25% on reducing balance
Computer equipment
33% on reducing balance
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
Quantum Consulting Europe Ltd
Notes to the financial statements (continued)
for the year ended 31 October 2024
- 4 -
3
Tangible fixed assets
Fixtures, fittings & equipment
Computer equipment
Total
£
£
£
Cost
At 1 November 2023 and 31 October 2024
312
13,136
13,448
Depreciation and impairment
At 1 November 2023
180
10,626
10,806
Depreciation charged in the year
33
828
861
At 31 October 2024
213
11,454
11,667
Carrying amount
At 31 October 2024
99
1,682
1,781
At 31 October 2023
132
2,510
2,642
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Corporation tax recoverable
2,176
-
0
Other debtors
5,520
18,311
7,696
18,311
5
Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
7,301
19,145
Accruals and deferred income
1,500
1,850
8,801
20,995
6
Company information

Quantum Consulting Europe Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 65 Weald Road, Brentwood, Essex, CM14 4TN.

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