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REGISTERED NUMBER: 05395905 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Quantum Print & Packaging Ltd

Quantum Print & Packaging Ltd (Registered number: 05395905)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Quantum Print & Packaging Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTOR: G Foden





REGISTERED OFFICE: Topmark House
Potters Lane
Wednesbury
West Midlands
WS10 7JX





REGISTERED NUMBER: 05395905 (England and Wales)






Quantum Print & Packaging Ltd (Registered number: 05395905)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 170,459 200,875
170,459 200,875

CURRENT ASSETS
Stocks 299,467 356,467

Debts
Debts factored without recourse 1,033,936 767,553
6 1,033,936 767,553
Debtors 6 129,034 119,512
Cash at bank and in hand 2,098,220 1,808,727
3,560,657 3,052,259
CREDITORS
Amounts falling due within one year 7 2,266,898 1,760,453
NET CURRENT ASSETS 1,293,759 1,291,806
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,464,218

1,492,681

CREDITORS
Amounts falling due after more than
one year

8

(13,668

)

(41,004

)

PROVISIONS FOR LIABILITIES (31,148 ) (36,500 )
NET ASSETS 1,419,402 1,415,177

Quantum Print & Packaging Ltd (Registered number: 05395905)

Balance Sheet - continued
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 50 50
Capital redemption reserve 50 50
Retained earnings 1,419,302 1,415,077
SHAREHOLDERS' FUNDS 1,419,402 1,415,177

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 20 March 2025 and were signed by:





G Foden - Director


Quantum Print & Packaging Ltd (Registered number: 05395905)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Quantum Print & Packaging 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on cost
Computer equipment - 25% on cost

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.


Quantum Print & Packaging Ltd (Registered number: 05395905)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 29 (2023 - 28 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 75,000
AMORTISATION
At 1 October 2023
and 30 September 2024 75,000
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

Quantum Print & Packaging Ltd (Registered number: 05395905)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 October 2023 1,546,766 56,581 1,603,347
Additions 7,784 - 7,784
At 30 September 2024 1,554,550 56,581 1,611,131
DEPRECIATION
At 1 October 2023 1,345,891 56,581 1,402,472
Charge for year 38,200 - 38,200
At 30 September 2024 1,384,091 56,581 1,440,672
NET BOOK VALUE
At 30 September 2024 170,459 - 170,459
At 30 September 2023 200,875 - 200,875

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 October 2023
and 30 September 2024 102,582
DEPRECIATION
At 1 October 2023 11,540
Charge for year 15,387
At 30 September 2024 26,927
NET BOOK VALUE
At 30 September 2024 75,655
At 30 September 2023 91,042

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 45,000 45,000
Other debtors 84,034 74,512
129,034 119,512

Quantum Print & Packaging Ltd (Registered number: 05395905)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Linked presentation:
The director hereby states that the entity is not obliged to support any losses, nor does it intend to do so.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts 27,336 27,336
Trade creditors 487,570 513,400
Amounts owed to group undertakings 1,331,549 931,299
Taxation and social security 413,143 281,644
Other creditors 7,300 6,774
2,266,898 1,760,453

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts 13,668 41,004

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
50 'H' Ordinary £1 50 50

10. FINANCIAL COMMITMENTS

Total financial commitments which are not included in the balance sheet amount to £294,000 (2023: £441,000).