Caseware UK (AP4) 2024.0.164 2024.0.164 2025-04-302025-04-30true2024-05-01falseNo description of principal activity11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10113189 2024-05-01 2025-04-30 10113189 2023-05-01 2024-04-30 10113189 2025-04-30 10113189 2024-04-30 10113189 c:Director1 2024-05-01 2025-04-30 10113189 d:PlantMachinery 2024-05-01 2025-04-30 10113189 d:PlantMachinery 2025-04-30 10113189 d:PlantMachinery 2024-04-30 10113189 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-05-01 2025-04-30 10113189 d:MotorVehicles 2024-05-01 2025-04-30 10113189 d:MotorVehicles 2025-04-30 10113189 d:MotorVehicles 2024-04-30 10113189 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-05-01 2025-04-30 10113189 d:OfficeEquipment 2024-05-01 2025-04-30 10113189 d:ComputerEquipment 2024-05-01 2025-04-30 10113189 d:ComputerEquipment 2025-04-30 10113189 d:ComputerEquipment 2024-04-30 10113189 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-05-01 2025-04-30 10113189 d:OwnedOrFreeholdAssets 2024-05-01 2025-04-30 10113189 d:CurrentFinancialInstruments 2025-04-30 10113189 d:CurrentFinancialInstruments 2024-04-30 10113189 d:Non-currentFinancialInstruments 2025-04-30 10113189 d:Non-currentFinancialInstruments 2024-04-30 10113189 d:CurrentFinancialInstruments d:WithinOneYear 2025-04-30 10113189 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 10113189 d:ShareCapital 2025-04-30 10113189 d:ShareCapital 2024-04-30 10113189 d:RetainedEarningsAccumulatedLosses 2025-04-30 10113189 d:RetainedEarningsAccumulatedLosses 2024-04-30 10113189 c:FRS102 2024-05-01 2025-04-30 10113189 c:AuditExempt-NoAccountantsReport 2024-05-01 2025-04-30 10113189 c:FullAccounts 2024-05-01 2025-04-30 10113189 c:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 10113189 d:AcceleratedTaxDepreciationDeferredTax 2025-04-30 10113189 d:AcceleratedTaxDepreciationDeferredTax 2024-04-30 10113189 e:PoundSterling 2024-05-01 2025-04-30 iso4217:GBP xbrli:pure

Registered number: 10113189









QUANTCIRCLE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

 
QUANTCIRCLE LIMITED
REGISTERED NUMBER: 10113189

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2025

2025
2025
2024
2024
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
14,729
26,317

  
14,729
26,317

Current assets
  

Debtors: amounts falling due after more than one year
 5 
4,796
4,796

Debtors: amounts falling due within one year
 5 
32,348
88,195

Cash at bank and in hand
  
21,140
14,640

  
58,284
107,631

Current liabilities
  

Creditors: Amounts Falling Due Within One Year
 6 
(47,822)
(126,224)

Net current assets/(liabilities)
  
 
 
10,462
 
 
(18,593)

Total assets less current liabilities
  
25,191
7,724

Provisions for liabilities
  

Deferred tax
 7 
(3,682)
(6,579)

  
 
 
(3,682)
 
 
(6,579)

Net assets
  
21,509
1,145


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
21,508
1,144

  
21,509
1,145


Page 1

 
QUANTCIRCLE LIMITED
REGISTERED NUMBER: 10113189
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2025

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 15 August 2025.




Dr J P Walton
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
QUANTCIRCLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025

1.


General information

Quantcircle Limited is a private company limited by shares and registered in England and Wales. The address of its registered office and principal place of business is 33 Netherhall Gardens, London, NW3 5RL.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

After reviewing the company’s forecast and projection, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

 
2.3

Functional and presentational currency

The functional and presentational currency is GBP.

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Revenue comprises fees receivable from the provision of consultancy services and is recognised in line with the service agreements.

 
2.5

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.6

Current and deferred taxation

Tax is recognised in the Statement of Income and Retained Earnings.
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 United Kingdom.

Page 3

 
QUANTCIRCLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025

2.Accounting policies (continued)

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
straight line
Office equipment
-
25%
reducing balance
Computer equipment
-
3 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

 
2.8

Debtors

Debtors are measured at transaction price, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.10

Creditors

Creditors are measured at the transaction price.

 
2.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


 
2.12

Dividends

Equity dividends are recognised when they become legally payable.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2024 - 1).

Page 4

 
QUANTCIRCLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025

4.


Tangible fixed assets





Office equipment
Motor vehicles
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 May 2024
1,160
45,090
7,758
54,008


Additions
-
-
2,165
2,165


Disposals
-
-
(2,564)
(2,564)



At 30 April 2025

1,160
45,090
7,359
53,609



Depreciation


At 1 May 2024
570
24,152
2,969
27,691


Charge for the year on owned assets
147
11,273
2,333
13,753


Disposals
-
-
(2,564)
(2,564)



At 30 April 2025

717
35,425
2,738
38,880



Net book value



At 30 April 2025
443
9,665
4,621
14,729



At 30 April 2024
590
20,938
4,789
26,317

Page 5

 
QUANTCIRCLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025

5.


Debtors

2025
2024
£
£

Due after more than one year

Other debtors
4,796
4,796

4,796
4,796


2025
2024
£
£

Due within one year

Other debtors
-
31,546

Prepayments and accrued income
32,348
56,649

32,348
88,195



6.


Creditors: Amounts falling due within one year

2025
2024
£
£

Corporation tax
25,631
90,522

Other taxation and social security
15,750
29,734

Other creditors
3,441
55

Accruals
3,000
5,913

47,822
126,224


Page 6

 
QUANTCIRCLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025

7.


Deferred taxation




2025


£






At beginning of year
(6,579)


Charged to profit or loss
2,897



At end of year
(3,682)

The provision for deferred taxation is made up as follows:

2025
2024
£
£


Accelerated capital allowances
(3,682)
(6,579)

(3,682)
(6,579)


8.


Related party transactions

As at the financial year end, the director was owed £1,129 by the company (2024 : £31,546 owed to the company).

 
Page 7