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Registered number: 02623983
Quadrant Communications Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Starfish Accounting Ltd
ICAEW
The Bowler Barn
Bartletts Court
Littlewick Green
Berkshire
SL6 3RX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 02623983
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 79,945 48,469
79,945 48,469
CURRENT ASSETS
Debtors 5 51,583 64,254
Cash at bank and in hand 208,100 201,972
259,683 266,226
Creditors: Amounts Falling Due Within One Year 6 (188,535 ) (222,028 )
NET CURRENT ASSETS (LIABILITIES) 71,148 44,198
TOTAL ASSETS LESS CURRENT LIABILITIES 151,093 92,667
Creditors: Amounts Falling Due After More Than One Year 7 (36,272 ) (5,360 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (19,986 ) (12,117 )
NET ASSETS 94,835 75,190
CAPITAL AND RESERVES
Called up share capital 9 2 2
Share premium account 84 84
Profit and Loss Account 94,749 75,104
SHAREHOLDERS' FUNDS 94,835 75,190
Page 1
Page 2
For the year ending 31 August 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
Mellany Newby
Director
14/03/2025
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
Quadrant Communications Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02623983 . The registered office is 54 High Street, Eton, Berkshire, SL4 6BL.
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
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% on reducing balance
Motor Vehicles 25% on reducing balance
2.4. Leasing and Hire Purchase Contracts
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term. 
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. 
2.7. 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.
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Page 4
2.8. Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. 
2.9. Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. 
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 4)
5 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 September 2023 136,042 52,672 188,714
Additions 2,151 52,735 54,886
Disposals (8,238 ) - (8,238 )
As at 31 August 2024 129,955 105,407 235,362
Depreciation
As at 1 September 2023 111,647 28,598 140,245
Provided during the period 5,804 14,808 20,612
Disposals (5,440 ) - (5,440 )
As at 31 August 2024 112,011 43,406 155,417
Net Book Value
As at 31 August 2024 17,944 62,001 79,945
As at 1 September 2023 24,395 24,074 48,469
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 38,374 54,614
Other debtors 13,209 9,640
51,583 64,254
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 11,272 27,649
Other taxes and social security 71,544 53,983
Other creditors 75,132 115,610
Obligations under finance lease and hire purchase contracts 30,587 24,786
188,535 222,028
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Page 5
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Obligations under finance lease and hire purchase contracts in more than one year 36,272 5,360
8. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 19,986 12,117
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 18,550 18,550
Later than one year and not later than five years 6,183 24,733
24,733 43,283
11. Ultimate Controlling Party
The company is controlled by the directors, Mellany Newby and David Stevens.
Page 5