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Registered number: 11008095

Quantum Fitness Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/10/2024

Prepared By:
Staffer Mayled & Co Ltd
46-48
Station Road
Cardiff
CF14 5LU

Quantum Fitness Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/10/2024
DIRECTORS
Andrew Driscoll
REGISTERED OFFICE
46-48 Station Road
Llanishen
Cardiff
CF14 5LU
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 11008095
ACCOUNTANTS
Staffer Mayled & Co Ltd
46-48
Station Road
Cardiff
CF14 5LU

Quantum Fitness Ltd

ACCOUNTS
FOR THEYEARENDED31/10/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Quantum Fitness Ltd

BALANCE SHEET AT 31/10/2024
20242023
Notes££
FIXED ASSETS
Intangible assets313,71916,005
Tangible assets494,39025,667
108,10941,672
CURRENT ASSETS
Stock-430
Debtors62,9395,396
Cash at bank and in hand7,8402,621
10,7798,447
CREDITORS: Amounts falling due within one year729,67134,623
NET CURRENT LIABILITIES(18,892)(26,176)
TOTAL ASSETS LESS CURRENT LIABILITIES89,21715,496
CREDITORS: Amounts falling due after more than one year867,6159,979
PROVISIONS FOR LIABILITIES AND CHARGES99,424-
NET ASSETS12,1785,517
CAPITAL AND RESERVES
Called up share capital1011
Profit and loss account12,1775,516
SHAREHOLDERS' FUNDS12,1785,517
For the year ending 31/10/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 28/08/2025 and signed on their behalf by
.............................
Andrew Driscoll
Director

Quantum Fitness Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/10/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Short Leasehold Propertiesstraight line 5%
Equipmentstraight line 20%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 10 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
2. EMPLOYEES
20242023
No.No.
Average number of employees11

Quantum Fitness Ltd

3. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/11/202322,86422,864
At 31/10/202422,86422,864
Depreciation
At 01/11/20236,8596,859
For the year2,2862,286
At 31/10/20249,1459,145
Net Book Amounts
At 31/10/202413,71913,719
At 31/10/202316,00516,005
4. TANGIBLE FIXED ASSETS
Leasehold
Property ImprovementsEquipmentTotal
£££
Cost
At 01/11/2023-50,04750,047
Additions47,14742,42789,574
At 31/10/202447,14792,474139,621
Depreciation
At 01/11/2023-24,38024,380
For the year2,35718,49420,851
At 31/10/20242,35742,87445,231
Net Book Amounts
At 31/10/202444,79049,60094,390
At 31/10/2023-25,66725,667
5. STOCK 20242023
££
Stock comprises:
Stock-430
-430

Quantum Fitness Ltd

6. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors-2,589
Other debtors2,9392,807
2,9395,396
Other debtors consist of £2,939.39 (2023 - £2,807) owed by associated company Posibl Limited (company number 13966802).
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax1,633753
VAT1,0416,889
PAYE control-1,411
Directors current account2,4029,289
Loans10,68910,392
Hire purchase7,491-
Trade creditors-5,889
Accruals2,206-
Deferred income4,209-
29,67134,623
8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Loans >1yr36,0869,979
Hire purchase >1yr31,529-
67,6159,979
On the 1/5/2020 the company entered into a loan agreement of 60 payments of £100 plus interest of 2.5% p.a.. No repayments are due for the first 12 months. On the 23/7/2024 the company entered into a loan agreement of 84 payments of £790.79.

Quantum Fitness Ltd

9. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation9,424-
9,424-
10. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
1 Class 1 shares of £1 each11
11
11. CONTROLLING PARTY
The controlling parties are the directors and shareholders of the company.