IRIS Accounts Production v25.1.4.42 12414516 director 1.2.24 31.1.25 31.1.25 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh124145162024-01-31124145162025-01-31124145162024-02-012025-01-31124145162023-01-31124145162023-02-012024-01-31124145162024-01-3112414516ns15:EnglandWales2024-02-012025-01-3112414516ns14:PoundSterling2024-02-012025-01-3112414516ns10:Director12024-02-012025-01-3112414516ns10:PrivateLimitedCompanyLtd2024-02-012025-01-3112414516ns10:SmallEntities2024-02-012025-01-3112414516ns10:AuditExempt-NoAccountantsReport2024-02-012025-01-3112414516ns10:SmallCompaniesRegimeForDirectorsReport2024-02-012025-01-3112414516ns10:SmallCompaniesRegimeForAccounts2024-02-012025-01-3112414516ns10:FullAccounts2024-02-012025-01-3112414516ns10:RegisteredOffice2024-02-012025-01-3112414516ns5:CurrentFinancialInstruments2025-01-3112414516ns5:CurrentFinancialInstruments2024-01-3112414516ns5:Non-currentFinancialInstruments2025-01-3112414516ns5:Non-currentFinancialInstruments2024-01-3112414516ns5:ShareCapital2025-01-3112414516ns5:ShareCapital2024-01-3112414516ns5:RetainedEarningsAccumulatedLosses2025-01-3112414516ns5:RetainedEarningsAccumulatedLosses2024-01-3112414516ns5:PlantMachinery2024-02-012025-01-3112414516ns5:PlantMachinery2024-01-3112414516ns5:PlantMachinery2025-01-3112414516ns5:PlantMachinery2024-01-3112414516ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-02-012025-01-3112414516ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2025-01-3112414516ns5:WithinOneYearns5:CurrentFinancialInstruments2025-01-3112414516ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-3112414516ns5:DeferredTaxation2024-01-3112414516ns5:DeferredTaxation2025-01-31
REGISTERED NUMBER: 12414516 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

QUANTUM 2020 LIMITED

QUANTUM 2020 LIMITED (REGISTERED NUMBER: 12414516)






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 2020 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2025







DIRECTOR: A J Hook





REGISTERED OFFICE: St James' Hall
Mill Road
Lancing
West Sussex
BN15 0PT





REGISTERED NUMBER: 12414516 (England and Wales)





ACCOUNTANTS: Peter Jarman LLP
trading as
Peter Jarman & Company
1 Harbour House
Harbour Way
Shoreham by Sea
West Sussex
BN43 5HZ

QUANTUM 2020 LIMITED (REGISTERED NUMBER: 12414516)

BALANCE SHEET
31 JANUARY 2025

2025 2024
Notes £    £   
FIXED ASSETS
Tangible assets 4 55,996 39,832

CURRENT ASSETS
Debtors 5 178,880 179,406
Cash at bank 58,222 74,214
237,102 253,620
CREDITORS
Amounts falling due within one year 6 (134,639 ) (149,931 )
NET CURRENT ASSETS 102,463 103,689
TOTAL ASSETS LESS CURRENT
LIABILITIES

158,459

143,521

CREDITORS
Amounts falling due after more than one
year

7

(39,696

)

(13,332

)

PROVISIONS FOR LIABILITIES 8 (8,739 ) (819 )
NET ASSETS 110,024 129,370

CAPITAL AND RESERVES
Called up share capital 150 150
Retained earnings 109,874 129,220
110,024 129,370

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 director acknowledges his 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 2020 LIMITED (REGISTERED NUMBER: 12414516)

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 July 2025 and were signed by:





A J Hook - Director


QUANTUM 2020 LIMITED (REGISTERED NUMBER: 12414516)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

1. STATUTORY INFORMATION

Quantum 2020 Limited is a private company, limited by shares , registered in England and Wales. 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

QUANTUM 2020 LIMITED (REGISTERED NUMBER: 12414516)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2024 44,214
Additions 58,386
Disposals (26,000 )
At 31 January 2025 76,600
DEPRECIATION
At 1 February 2024 4,382
Charge for year 17,294
Eliminated on disposal (1,072 )
At 31 January 2025 20,604
NET BOOK VALUE
At 31 January 2025 55,996
At 31 January 2024 39,832

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 56,455
At 31 January 2025 56,455
DEPRECIATION
Charge for year 12,938
At 31 January 2025 12,938
NET BOOK VALUE
At 31 January 2025 43,517

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 136,208 126,255
Other debtors 42,672 53,151
178,880 179,406

QUANTUM 2020 LIMITED (REGISTERED NUMBER: 12414516)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 9,999 10,001
Hire purchase contracts 8,352 -
Trade creditors 107,640 65,665
Amounts owed to associates - 54,615
Taxation and social security 4,530 12,882
Other creditors 4,118 6,768
134,639 149,931

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans 3,334 13,332
Hire purchase contracts 36,362 -
39,696 13,332

8. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 8,739 819

Deferred
tax
£   
Balance at 1 February 2024 819
Capital allowances in advance
of depreciation 7,920
Balance at 31 January 2025 8,739

9. RELATED PARTY DISCLOSURES

At the beginning of the period there was an amount of £54,615, owed to Ultimate Finishes Limited, a company that Anthony Hook is also a director of. At the end of the period there was an amount of £34,847 owed to Ultimate Finishes Limited.