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REGISTERED NUMBER: 14544836 (England and Wales)















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 40,000 45,000

CURRENT ASSETS
Stocks 151,497 -
Debtors 5 6,999 14,649
Cash at bank 67,367 24,887
225,863 39,536
CREDITORS
Amounts falling due within one year 6 (251,074 ) (79,670 )
NET CURRENT LIABILITIES (25,211 ) (40,134 )
TOTAL ASSETS LESS CURRENT LIABILITIES 14,789 4,866

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 14,689 4,766
14,789 4,866

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 FIREWORKS LTD (REGISTERED NUMBER: 14544836)

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 21 July 2025 and were signed on its behalf by:





Mr N.J. Claydon - Director


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 private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 14544836

Registered office: Marlborough House
298 Regents Park Road
Finchley
London
N3 2SZ

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
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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of ten years.

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 2 (2024 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2024
and 31 January 2025 50,000
AMORTISATION
At 1 February 2024 5,000
Charge for year 5,000
At 31 January 2025 10,000
NET BOOK VALUE
At 31 January 2025 40,000
At 31 January 2024 45,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 4,601 7,044
Amounts owed by related undertakings - 593
Other debtors 100 841
Prepayments and accrued income 2,298 6,171
6,999 14,649

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 - 1,368
Amounts owed to related undertakings 75,000 75,000
Corporation tax 3,501 2,502
Other taxes and social security 96,573 -
Directors' current accounts 75,000 -
Accruals and deferred income 1,000 800
251,074 79,670

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).