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REGISTERED NUMBER: 14275051 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Quantum Creations Ltd

Quantum Creations Ltd (Registered number: 14275051)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Quantum Creations Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: S Lane





REGISTERED OFFICE: TheTower
The Maltings
Hoe Lane
Ware
Hertfordshire
SG12 9LR





REGISTERED NUMBER: 14275051 (England and Wales)





ACCOUNTANTS: DSCO
The Tower
The Maltings
Hoe Lane
Ware
Hertfordshire
SG12 9LR

Quantum Creations Ltd (Registered number: 14275051)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 117,880 151,560
Tangible assets 5 19,312 24,250
137,192 175,810

CURRENT ASSETS
Stocks 6 5,000 -
Debtors 7 39,576 48,149
Cash at bank 6,380 5,409
50,956 53,558
CREDITORS
Amounts falling due within one year 8 23,613 36,273
NET CURRENT ASSETS 27,343 17,285
TOTAL ASSETS LESS CURRENT
LIABILITIES

164,535

193,095

CREDITORS
Amounts falling due after more than one year 9 (204,500 ) (210,000 )

PROVISIONS FOR LIABILITIES 11 (4,828 ) -
NET LIABILITIES (44,793 ) (16,905 )

CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings 13 (44,893 ) (17,005 )
SHAREHOLDERS' FUNDS (44,793 ) (16,905 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Quantum Creations Ltd (Registered number: 14275051)

Balance Sheet - continued
31 March 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 March 2025 and were signed by:





S Lane - Director


Quantum Creations Ltd (Registered number: 14275051)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Quantum Creations Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Quantum Creations Ltd (Registered number: 14275051)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 April 2023
and 31 March 2024 168,400
AMORTISATION
At 1 April 2023 16,840
Amortisation for year 33,680
At 31 March 2024 50,520
NET BOOK VALUE
At 31 March 2024 117,880
At 31 March 2023 151,560

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 2,000 25,000 27,000
DEPRECIATION
At 1 April 2023 250 2,500 2,750
Charge for year 438 4,500 4,938
At 31 March 2024 688 7,000 7,688
NET BOOK VALUE
At 31 March 2024 1,312 18,000 19,312
At 31 March 2023 1,750 22,500 24,250

Quantum Creations Ltd (Registered number: 14275051)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. STOCKS
31.3.24 31.3.23
£    £   
Stocks 5,000 -

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 38,605 44,702
Other debtors 971 3,447
39,576 48,149

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 12,807 16,154
Taxation and social security 6,329 7,357
Other creditors 4,477 12,762
23,613 36,273

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Other creditors 204,500 210,000

10. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due between two and five years:
Other loans - 2-5 years 104,500 110,000

11. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 4,828 -

Quantum Creations Ltd (Registered number: 14275051)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

11. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Provided during year 4,828
Balance at 31 March 2024 4,828

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

13. RESERVES
Retained
earnings
£   

At 1 April 2023 (17,005 )
Deficit for the year (27,888 )
At 31 March 2024 (44,893 )

14. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S Lane.

15. GOING CONCERN

The company continues to trade through the ongoing support of it's director and shareholder.