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Company Registration No. 04445312 (England and Wales)
QUORUM DEVELOPMENT LTD Unaudited accounts for the year ended 31 May 2024
QUORUM DEVELOPMENT LTD Unaudited accounts Contents
Page
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QUORUM DEVELOPMENT LTD Company Information for the year ended 31 May 2024
Directors
N Fothergill P Fothergill P Usher
Company Number
04445312 (England and Wales)
Registered Office
Office F1, Explorer 2 Thomas Wright Way Net Park Sedgefield County Durham TS21 3FF England
Accountants
Abacus Jack Ltd New Century House Crowther Road Washington Tyne and Wear NE38 0QA
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QUORUM DEVELOPMENT LTD Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
95,469 
89,868 
Current assets
Debtors
518,742 
407,209 
Cash at bank and in hand
525,096 
600,530 
1,043,838 
1,007,739 
Creditors: amounts falling due within one year
(763,909)
(699,601)
Net current assets
279,929 
308,138 
Total assets less current liabilities
375,398 
398,006 
Provisions for liabilities
Deferred tax
(23,868)
(7,314)
Net assets
351,530 
390,692 
Capital and reserves
Called up share capital
61 
61 
Capital redemption reserve
56 
56 
Profit and loss account
351,413 
390,575 
Shareholders' funds
351,530 
390,692 
For the year ending 31 May 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 19 February 2025 and were signed on its behalf by
P Fothergill Director Company Registration No. 04445312
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QUORUM DEVELOPMENT LTD Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
QUORUM DEVELOPMENT LTD is a private company, limited by shares, registered in England and Wales, registration number 04445312. The registered office is Office F1, Explorer 2 Thomas Wright Way, Net Park, Sedgefield, County Durham, TS21 3FF, England.
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 remained unchanged from the previous year, and also 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:
Motor vehicles
25% on cost
Fixtures & fittings
15% on cost
Computer equipment
20% on cost
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 June 2023
47,520 
10,139 
185,082 
242,741 
Additions
- 
1,375 
36,887 
38,262 
At 31 May 2024
47,520 
11,514 
221,969 
281,003 
Depreciation
At 1 June 2023
1,980 
7,645 
143,248 
152,873 
Charge for the year
11,880 
1,500 
19,281 
32,661 
At 31 May 2024
13,860 
9,145 
162,529 
185,534 
Net book value
At 31 May 2024
33,660 
2,369 
59,440 
95,469 
At 31 May 2023
45,540 
2,494 
41,834 
89,868 
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QUORUM DEVELOPMENT LTD Notes to the Accounts for the year ended 31 May 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
510,049 
382,915 
Accrued income and prepayments
8,693 
21,706 
Other debtors
- 
2,588 
518,742 
407,209 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
75,432 
40,519 
Trade creditors
21,679 
25,604 
Taxes and social security
171,616 
171,224 
Other creditors
6,878 
5,615 
Loans from directors
2,545 
2,025 
Accruals
71,875 
73,179 
Deferred income
413,884 
381,435 
763,909 
699,601 
7
Average number of employees
During the year the average number of employees was 26 (2023: 24).
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