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
Quantum Cost Consult Limited
Company Information
for the year ended 31 October 2024
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
Quantum Cost Consult Limited
Statement of financial position
as at 31 October 2024
Cash at bank and in hand
11,445
27,270
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)
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
Quantum Cost Consult Limited
Notes to the Accounts
for the year ended 31 October 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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.
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
At 31 October 2024
2,110
854
2,964
At 1 November 2023
213
854
1,067
Charge for the year
474
-
474
At 31 October 2024
687
854
1,541
At 31 October 2024
1,423
-
1,423
At 31 October 2023
637
-
637
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
4,200
4,200
Taxes and social security
12,033
13,751
Loans from directors
6,087
32,934
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).