1 July 2023 false No description of principal activity Taxfiler 2024.6 08580289business:PrivateLimitedCompanyLtd2023-07-012024-06-30 085802892023-06-30 085802892023-07-012024-06-30 08580289business:AuditExempt-NoAccountantsReport2023-07-012024-06-30 08580289business:FilletedAccounts2023-07-012024-06-30 085802892024-06-30 085802892023-06-30 08580289core:WithinOneYear2024-06-30 08580289core:WithinOneYear2023-06-30 08580289core:AfterOneYear2024-06-30 08580289core:AfterOneYear2023-06-30 08580289core:ShareCapitalcore:PreviouslyStatedAmount2024-06-30 08580289core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 08580289core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-06-30 08580289core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 08580289core:PreviouslyStatedAmount2024-06-30 08580289core:PreviouslyStatedAmount2023-06-30 08580289business:SmallEntities2023-07-012024-06-30 08580289business:Director12023-07-012024-06-30 08580289countries:EnglandWales2023-07-012024-06-30 08580289business:RegisteredOffice2023-07-012024-06-30 08580289core:ComputerEquipment2023-07-012024-06-30 08580289core:ComputerEquipment2023-06-30 08580289core:ComputerEquipment2024-06-30 085802892022-07-012023-06-30 iso4217:GBP xbrli:pure
Company Registration No. 08580289 (England and Wales)
Quantdeck Systems Limited Unaudited accounts for the year ended 30 June 2024
Quantdeck Systems Limited Unaudited accounts Contents
Page
- 2 -
Quantdeck Systems Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
272 
747 
Current assets
Debtors
160,773 
250,588 
Cash at bank and in hand
56,027 
30,758 
216,800 
281,346 
Creditors: amounts falling due within one year
12,626 
(21,939)
Net current assets
229,426 
259,407 
Total assets less current liabilities
229,698 
260,154 
Creditors: amounts falling due after more than one year
(11,332)
(20,765)
Net assets
218,366 
239,389 
Capital and reserves
Called up share capital
600 
600 
Profit and loss account
217,766 
238,789 
Shareholders' funds
218,366 
239,389 
For the year 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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and authorised for issue on 14 March 2025 and were signed on its behalf by
R R Taylor Director Company Registration No. 08580289
- 3 -
Quantdeck Systems Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Quantdeck Systems Limited is a private company, limited by shares, registered in England and Wales, registration number 08580289. The registered office is 27 Old Gloucester Street, London, WC1N 3AX.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Computer equipment
3 years straight line
Financial instruments
The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.
Finance costs
Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
- 4 -
Quantdeck Systems Limited Notes to the Accounts for the year ended 30 June 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 July 2023
9,680 
At 30 June 2024
9,680 
Depreciation
At 1 July 2023
8,933 
Charge for the year
475 
At 30 June 2024
9,408 
Net book value
At 30 June 2024
272 
At 30 June 2023
747 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
110,224 
207,262 
Amounts due from group undertakings etc.
4,205 
4,205 
Other debtors
46,344 
39,121 
160,773 
250,588 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
9,988 
9,988 
VAT
9,807 
20,382 
Trade creditors
25,695 
21,549 
Taxes and social security
81,048 
79,244 
Other creditors
(4,044)
- 
Loans from directors
(135,539)
(114,137)
Accruals
419 
4,913 
(12,626)
21,939 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
11,332 
20,765 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
- 5 -