Company Registration No. 11174898 (England and Wales)
Quantum Switch Limited
Unaudited accounts
for the year ended 31 December 2023
Quantum Switch Limited
Unaudited accounts
Contents
Quantum Switch Limited
Company Information
for the year ended 31 December 2023
Director
Timothy Fraser Bawtree
Company Number
11174898 (England and Wales)
Registered Office
Nelson House
2 Hamilton Terrace
Leamington Spa
CV32 4LY
United Kingdom
Quantum Switch Limited
Statement of financial position
as at 31 December 2023
Cash at bank and in hand
58,133
Creditors: amounts falling due within one year
(2,523,795)
Net current liabilities
(403,399)
Total assets less current liabilities
(341,933)
Creditors: amounts falling due after more than one year
(31,928)
Profit and loss account
(373,862)
Shareholders' funds
(373,861)
For the year ending 31 December 2023 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 February 2025 and were signed on its behalf by
Timothy Fraser Bawtree
Director
Company Registration No. 11174898
Quantum Switch Limited
Notes to the Accounts
for the year ended 31 December 2023
Quantum Switch Limited is a private company, limited by shares, registered in England and Wales, registration number 11174898. The registered office is Nelson House, 2 Hamilton Terrace, Leamington Spa, CV32 4LY, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 January 2023
86,623
-
86,623
Additions
27,872
39,995
67,867
At 31 December 2023
114,495
39,995
154,490
At 1 January 2023
50,163
-
50,163
Charge for the year
29,529
13,332
42,861
At 31 December 2023
79,692
13,332
93,024
At 31 December 2023
34,803
26,663
61,466
Quantum Switch Limited
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
Amounts due from group undertakings etc.
5,444
Accrued income and prepayments
28,662
Amounts falling due after more than one year
Amounts due from group undertakings etc.
1,431,467
6
Creditors: amounts falling due within one year
2023
Amounts owed to group undertakings and other participating interests
1,502,191
Taxes and social security
(26,778)
7
Creditors: amounts falling due after more than one year
2023
Taxes and social security
6,928
8
Average number of employees
During the year the average number of employees was 17.