1 November 2023 false Taxfiler 2024.6 11042242business:PrivateLimitedCompanyLtd2023-11-012024-10-31 110422422023-10-31 110422422023-11-012024-10-31 11042242business:AuditExemptWithAccountantsReport2023-11-012024-10-31 11042242business:FilletedAccounts2023-11-012024-10-31 110422422024-10-31 11042242business:Director12023-11-012024-10-31 11042242business:RegisteredOffice2023-11-012024-10-31 110422422023-10-31 11042242core:WithinOneYear2024-10-31 11042242core:WithinOneYear2023-10-31 11042242core:AfterOneYear2024-10-31 11042242core:AfterOneYear2023-10-31 11042242core:ShareCapitalcore:PreviouslyStatedAmount2024-10-31 11042242core:ShareCapitalcore:PreviouslyStatedAmount2023-10-31 11042242core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-10-31 11042242core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-10-31 11042242core:PreviouslyStatedAmount2024-10-31 11042242core:PreviouslyStatedAmount2023-10-31 11042242business:SmallEntities2023-11-012024-10-31 11042242countries:EnglandWales2023-11-012024-10-31 11042242core:PlantMachinery2023-11-012024-10-31 11042242core:ComputerEquipment2023-11-012024-10-31 11042242core:PlantMachinery2023-10-31 11042242core:ComputerEquipment2023-10-31 11042242core:PlantMachinery2024-10-31 11042242core:ComputerEquipment2024-10-31 110422422022-11-012023-10-31 iso4217:GBP xbrli:pure
Company Registration No. 11042242 (England and Wales)
Quantum Cost Consult Limited Unaudited accounts for the year ended 31 October 2024
Quantum Cost Consult Limited Unaudited accounts Contents
Page
- 2 -
Quantum Cost Consult Limited Company Information for the year ended 31 October 2024
Director
Darren Dunn
Company Number
11042242 (England and Wales)
Registered Office
Bearwood House Swinderby Road, Norton Disney Lincoln LN6 9QH
Accountants
Kate Dodd Accounting Services 4 Warren Lane Witham St Hughs Lincoln LN6 9US
- 3 -
Quantum Cost Consult Limited Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,423 
637 
Current assets
Inventories
50,538 
50,538 
Debtors
6,282 
- 
Cash at bank and in hand
11,445 
27,270 
68,265 
77,808 
Creditors: amounts falling due within one year
(26,439)
(56,619)
Net current assets
41,826 
21,189 
Total assets less current liabilities
43,249 
21,826 
Creditors: amounts falling due after more than one year
(4,586)
(8,436)
Net assets
38,663 
13,390 
Capital and reserves
Called up share capital
50 
50 
Profit and loss account
38,613 
13,340 
Shareholders' funds
38,663 
13,390 
For the year ending 31 October 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 13 February 2025 and were signed on its behalf by
Darren Dunn Director Company Registration No. 11042242
- 4 -
Quantum Cost Consult Limited Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Quantum Cost Consult Limited is a private company, limited by shares, registered in England and Wales, registration number 11042242. The registered office is Bearwood House, Swinderby Road, Norton Disney, Lincoln, LN6 9QH.
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.
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.
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 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.
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:
Plant & machinery
25% on reducing balance
Computer equipment
Straight line over 3 years
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
- 5 -
Quantum Cost Consult Limited Notes to the Accounts for the year ended 31 October 2024
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2023
850 
854 
1,704 
Additions
1,260 
- 
1,260 
At 31 October 2024
2,110 
854 
2,964 
Depreciation
At 1 November 2023
213 
854 
1,067 
Charge for the year
474 
- 
474 
At 31 October 2024
687 
854 
1,541 
Net book value
At 31 October 2024
1,423 
- 
1,423 
At 31 October 2023
637 
- 
637 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
6,282 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
4,200 
4,200 
VAT
3,080 
4,695 
Taxes and social security
12,033 
13,751 
Loans from directors
6,087 
32,934 
Accruals
1,039 
1,039 
26,439 
56,619 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
4,586 
8,436 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
- 6 -