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Registered number: 04614260
Quantum Electronics (UK) Limited
Financial Statements
For the Period 1 April 2023 to 30 June 2024
Charles & Co.
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 04614260
30 June 2024 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,681 5,957
4,681 5,957
CURRENT ASSETS
Stocks 5 73,401 142,120
Cash at bank and in hand - 2,925
73,401 145,045
Creditors: Amounts Falling Due Within One Year 6 (199,576 ) (178,243 )
NET CURRENT ASSETS (LIABILITIES) (126,175 ) (33,198 )
TOTAL ASSETS LESS CURRENT LIABILITIES (121,494 ) (27,241 )
Creditors: Amounts Falling Due After More Than One Year 7 (16,748 ) (16,970 )
NET LIABILITIES (138,242 ) (44,211 )
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account (138,244 ) (44,213 )
SHAREHOLDERS' FUNDS (138,242) (44,211)
Page 1
Page 2
For the period ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Lenna Katsouris
Director
06/03/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Quantum Electronics (UK) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04614260 . The registered office is 3 Princes Drive, Colwyn Bay, LL29 8LA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 15% on reducing balance
Computer Equipment 33% on cost
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was  2 (2023: 2)
2 2
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 15,083 30,302 45,385
As at 30 June 2024 15,083 30,302 45,385
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 April 2023 9,126 30,302 39,428
Provided during the period 1,276 - 1,276
As at 30 June 2024 10,402 30,302 40,704
Net Book Value
As at 30 June 2024 4,681 - 4,681
As at 1 April 2023 5,957 - 5,957
5. Stocks
30 June 2024 31 March 2023
£ £
Finished goods 73,401 142,120
6. Creditors: Amounts Falling Due Within One Year
30 June 2024 31 March 2023
£ £
Trade creditors - 2,895
Bank loans and overdrafts 24,466 16,298
Other taxes and social security 188 -
VAT 1,392 342
Accruals and deferred income 600 600
Director's loan account 172,930 158,108
199,576 178,243
7. Creditors: Amounts Falling Due After More Than One Year
30 June 2024 31 March 2023
£ £
Bank loans 16,748 16,970
8. Share Capital
30 June 2024 31 March 2023
£ £
Allotted, Called up and fully paid 2 2
Page 4