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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
Page
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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
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Quantum Switch Limited Statement of financial position as at 31 December 2023
2023 
Notes
£ 
Fixed assets
Tangible assets
61,466 
Current assets
Debtors
2,062,263 
Cash at bank and in hand
58,133 
2,120,396 
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)
Net liabilities
(373,861)
Capital and reserves
Called up share capital
1 
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
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Quantum Switch Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
At 31 December 2023
34,803 
26,663 
61,466 
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Quantum Switch Limited Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
£ 
Amounts falling due within one year
VAT
73,970 
Trade debtors
510,285 
Amounts due from group undertakings etc.
5,444 
Accrued income and prepayments
28,662 
Other debtors
12,435 
630,796 
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 
£ 
Trade creditors
823,835 
Amounts owed to group undertakings and other participating interests
1,502,191 
Taxes and social security
(26,778)
Other creditors
223,620 
Loans from directors
927 
2,523,795 
7
Creditors: amounts falling due after more than one year
2023 
£ 
Bank loans
25,000 
Taxes and social security
6,928 
31,928 
8
Average number of employees
During the year the average number of employees was 17.
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