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Registration number: 05630415

Quantumleap Management Systems Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2024

 

Quantumleap Management Systems Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Quantumleap Management Systems Ltd

Company Information

Directors

Mr DR Plunkett

Ms CC Cullen

Registered office

6 New Road
Worlaby
Brigg
North Lincolnshire
DN20 0PE

Accountants

Neil Westwood & Co
Chartered Accountants101 Dixons Green Road
Dudley
West Midlands
DY2 7DJ

 

Quantumleap Management Systems Ltd

(Registration number: 05630415)
Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

Current assets

 

Debtors

5

16,284

22,674

Cash at bank and in hand

 

19,638

5,046

 

35,922

27,720

Creditors: Amounts falling due within one year

6

(35,822)

(23,648)

Net assets

 

100

4,072

Capital and reserves

 

Called up share capital

100

100

Retained earnings

-

3,972

Shareholders' funds

 

100

4,072

For the financial year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 14 August 2025 and signed on its behalf by:
 


Mr DR Plunkett
Director

 

Quantumleap Management Systems Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
6 New Road
Worlaby
Brigg
North Lincolnshire
DN20 0PE

These financial statements were authorised for issue by the Board on 14 August 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Quantumleap Management Systems Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024 (continued)

2

Accounting policies (continued)

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and Fittings

50% on cost and 33% on cost

Computer equipment

50% on cost and 33% on cost

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2023 - 1).

 

Quantumleap Management Systems Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024 (continued)

4

Tangible assets

Fixtures and fittings
£

Office equipment
£

Total
£

Cost or valuation

At 1 December 2023

267

4,961

5,228

At 30 November 2024

267

4,961

5,228

Depreciation

At 1 December 2023

267

4,961

5,228

At 30 November 2024

267

4,961

5,228

Carrying amount

At 30 November 2024

-

-

-

5

Debtors

Current

2024
£

2023
£

Trade debtors

6,079

15,679

Other debtors

10,205

6,995

 

16,284

22,674

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

33,922

21,996

Accruals and deferred income

1,859

1,611

Other creditors

41

41

35,822

23,648

 

Quantumleap Management Systems Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024 (continued)

7

Related party transactions

Transactions with directors

2024

At 1 December 2023
£

Advances to director
£

At 30 November 2024
£

Directors loan

2,350

5,302

7,652

 

2023

At 1 December 2022
£

At 30 November 2023
£

Directors loan

2,350

2,350