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REGISTERED NUMBER: SC584601 (Scotland)










Unaudited Financial Statements

for the Year Ended

31 January 2025

for

QUANTUM CONTRACT SOLUTIONS LIMITED

QUANTUM CONTRACT SOLUTIONS LIMITED (REGISTERED NUMBER: SC584601)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


QUANTUM CONTRACT SOLUTIONS LIMITED

Company Information
for the Year Ended 31 January 2025







DIRECTORS: J P Bradley
M Davidson





REGISTERED OFFICE: Oakfield House
378 Brandon Street
Motherwell
ML1 1XA





REGISTERED NUMBER: SC584601 (Scotland)





ACCOUNTANTS: WDM Associates
Oakfield House
378 Brandon Street
Motherwell
ML1 1XA

QUANTUM CONTRACT SOLUTIONS LIMITED (REGISTERED NUMBER: SC584601)

Balance Sheet
31 January 2025

2025 2024
Notes £    £   
FIXED ASSETS
Tangible assets 4 8,163 10,204

CURRENT ASSETS
Stocks 5 233,818 75,055
Debtors 6 126,319 237,183
Cash at bank and in hand 275,199 470,138
635,336 782,376
CREDITORS
Amounts falling due within one year 7 (500,392 ) (428,267 )
NET CURRENT ASSETS 134,944 354,109
TOTAL ASSETS LESS CURRENT
LIABILITIES

143,107

364,313

CREDITORS
Amounts falling due after more than one
year

8

(8,896

)

(19,068

)

PROVISIONS FOR LIABILITIES (2,169 ) (2,169 )
NET ASSETS 132,042 343,076

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 131,942 342,976
132,042 343,076

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

QUANTUM CONTRACT SOLUTIONS LIMITED (REGISTERED NUMBER: SC584601)

Balance Sheet - continued
31 January 2025


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 June 2025 and were signed on its behalf by:





J P Bradley - Director


QUANTUM CONTRACT SOLUTIONS LIMITED (REGISTERED NUMBER: SC584601)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

Quantum Contract Solutions Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Basic financial instruments
Basic financial instruments, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

QUANTUM CONTRACT SOLUTIONS LIMITED (REGISTERED NUMBER: SC584601)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 56 (2024 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 February 2024
and 31 January 2025 4,213 9,500 13,713
DEPRECIATION
At 1 February 2024 3,034 475 3,509
Charge for year 236 1,805 2,041
At 31 January 2025 3,270 2,280 5,550
NET BOOK VALUE
At 31 January 2025 943 7,220 8,163
At 31 January 2024 1,179 9,025 10,204

5. STOCKS
2025 2024
£    £   
Work-in-progress 233,818 75,055

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 125,033 237,183
Prepayments 1,286 -
126,319 237,183

QUANTUM CONTRACT SOLUTIONS LIMITED (REGISTERED NUMBER: SC584601)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other loans 13,000 13,000
Trade creditors 224,867 220,222
Tax 202,198 98,569
Social security and other taxes (91,272 ) (25,123 )
VAT 113,166 84,751
Directors' current accounts 35,253 33,668
Accrued expenses 3,180 3,180
500,392 428,267

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans - 1-2 years 8,896 19,068