Acorah Software Products - Accounts Production 16.1.300 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 09811720 Mr J P Newcombe Mrs A J Newcombe Mrs A J Newcombe true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09811720 2023-12-31 09811720 2024-12-31 09811720 2024-01-01 2024-12-31 09811720 frs-core:CurrentFinancialInstruments 2024-12-31 09811720 frs-core:FurnitureFittings 2024-12-31 09811720 frs-core:FurnitureFittings 2024-01-01 2024-12-31 09811720 frs-core:FurnitureFittings 2023-12-31 09811720 frs-core:MotorVehicles 2024-12-31 09811720 frs-core:MotorVehicles 2024-01-01 2024-12-31 09811720 frs-core:MotorVehicles 2023-12-31 09811720 frs-core:PlantMachinery 2024-12-31 09811720 frs-core:PlantMachinery 2024-01-01 2024-12-31 09811720 frs-core:PlantMachinery 2023-12-31 09811720 frs-core:WithinOneYear 2024-12-31 09811720 frs-core:ShareCapital 2024-12-31 09811720 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 09811720 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09811720 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 09811720 frs-bus:SmallEntities 2024-01-01 2024-12-31 09811720 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 09811720 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 09811720 1 2024-01-01 2024-12-31 09811720 frs-bus:Director1 2024-01-01 2024-12-31 09811720 frs-bus:Director2 2024-01-01 2024-12-31 09811720 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 09811720 frs-countries:EnglandWales 2024-01-01 2024-12-31 09811720 2022-12-31 09811720 2023-12-31 09811720 2023-01-01 2023-12-31 09811720 frs-core:CurrentFinancialInstruments 2023-12-31 09811720 frs-core:WithinOneYear 2023-12-31 09811720 frs-core:ShareCapital 2023-12-31 09811720 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 09811720
Quantum Construction and Maintenance Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09811720
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 66,937 47,010
66,937 47,010
CURRENT ASSETS
Stocks 5 82,463 67,877
Debtors 6 395,618 241,994
Cash at bank and in hand 308,052 418,040
786,133 727,911
Creditors: Amounts Falling Due Within One Year 7 (569,408 ) (266,425 )
NET CURRENT ASSETS (LIABILITIES) 216,725 461,486
TOTAL ASSETS LESS CURRENT LIABILITIES 283,662 508,496
PROVISIONS FOR LIABILITIES
Deferred Taxation (16,735 ) (11,753 )
NET ASSETS 266,927 496,743
CAPITAL AND RESERVES
Called up share capital 8 1,010 1,010
Profit and Loss Account 265,917 495,733
SHAREHOLDERS' FUNDS 266,927 496,743
Page 1
Page 2
For the year ending 31 December 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.
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
Mr J P Newcombe
Director
Mrs A J Newcombe
Director
11 March 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Quantum Construction and Maintenance Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09811720 . The registered office is 6 Houndiscombe Road, Plymouth, Devon, PL4 6HH.
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. 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.
2.3. 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:
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balance
2.4. 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.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 16 (2023: 13)
16 13
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 January 2024 2,426 90,658 10,889 103,973
Additions - 40,500 896 41,396
As at 31 December 2024 2,426 131,158 11,785 145,369
Depreciation
As at 1 January 2024 1,666 49,337 5,960 56,963
Provided during the period 189 20,457 823 21,469
As at 31 December 2024 1,855 69,794 6,783 78,432
Net Book Value
As at 31 December 2024 571 61,364 5,002 66,937
As at 1 January 2024 760 41,321 4,929 47,010
5. Stocks
2024 2023
£ £
Work in progress 82,463 67,877
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 383,715 230,382
Amounts owed by group undertakings 1,213 -
Other debtors 10,690 11,612
395,618 241,994
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 58,724 39,926
Amounts owed to group undertakings 150,000 -
Other creditors 275,471 143,713
Taxation and social security 85,213 82,786
569,408 266,425
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,010 1,010
Page 4
Page 5
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 9,620 15,805
9,620 15,805
This relates to the rental of leasehold property, and the lease of motor vehicles. 
10. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Quantum Construction and Maintenance Holdings Limited, incorporated in England.
The ultimate controlling party is Mr J Newcombe. 
Page 5