| REGISTERED NUMBER: |
| QUANTUM FIREWORKS LTD |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED |
| 31 JANUARY 2025 |
| REGISTERED NUMBER: |
| QUANTUM FIREWORKS LTD |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED |
| 31 JANUARY 2025 |
| QUANTUM FIREWORKS LTD (REGISTERED NUMBER: 14544836) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 JANUARY 2025 |
| Page |
| Balance Sheet | 1 | to | 2 |
| Notes to the Financial Statements | 3 | to | 5 |
| QUANTUM FIREWORKS LTD (REGISTERED NUMBER: 14544836) |
| BALANCE SHEET |
| 31 JANUARY 2025 |
| 2025 | 2024 |
| Notes | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 | ( |
) | ( |
) |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| 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 FIREWORKS LTD (REGISTERED NUMBER: 14544836) |
| BALANCE SHEET - continued |
| 31 JANUARY 2025 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| QUANTUM FIREWORKS LTD (REGISTERED NUMBER: 14544836) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 JANUARY 2025 |
| 1. | STATUTORY INFORMATION |
| Quantum Fireworks Ltd is a |
| Registered number: |
| Registered office: |
| For the purposes of presentation the financial statements have been rounded to the nearest Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Goodwill |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Financial instruments |
| Basic financial instruments are measured at amortised costs. |
| 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. |
| QUANTUM FIREWORKS LTD (REGISTERED NUMBER: 14544836) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 JANUARY 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 February 2024 |
| and 31 January 2025 |
| AMORTISATION |
| At 1 February 2024 |
| Charge for year |
| At 31 January 2025 |
| NET BOOK VALUE |
| At 31 January 2025 |
| At 31 January 2024 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| Amounts owed by related undertakings |
| Other debtors |
| Prepayments and accrued income |
| QUANTUM FIREWORKS LTD (REGISTERED NUMBER: 14544836) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 JANUARY 2025 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade creditors |
| Amounts owed to related undertakings |
| Corporation tax |
| Other taxes and social security |
| Directors' current accounts | 75,000 | - |
| Accruals and deferred income |
| 7. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| During the year, a director advanced £75,000 (2024: £Nil) to the Company. |
| At the year end, a balance was owed to the director of £75,000 (2024: £Nil). This amount is unsecured, interest-free and repayable on demand. |
| 8. | RELATED PARTY DISCLOSURES |
| Trafalgar Group Trading Ltd |
| During the year, sales invoices were raised to Trafalgar Trading Group Ltd totalling £40,893 and at the year end, a balance was due to Trafalgar Group Trading Ltd of £75,000 (2024: £75,000). This amount is unsecured, interest-free and repayable on demand. |
| Dynamic Fireworks Limited |
| During the year, sales invoices were raised to Dynamic Fireworks Limited totalling £163,343 (2024: £69,549), payments received amounted to £163,936. Purchase invoices were received totalling £2,232 (2024: £3,176), payments made amounted to £2,232. |
| At the year end, a balance was due from Dynamic Fireworks Limited of £Nil (2024: £593). |