QUANTUM TECHNOLOGY MARKETING GROUP LIMITED

Company Registration Number:
03663452 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

QUANTUM TECHNOLOGY MARKETING GROUP LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

QUANTUM TECHNOLOGY MARKETING GROUP LIMITED

Balance sheet

As at 31 December 2024


Notes
2024
2023


£
£
Fixed assets
Intangible assets: 3 1,918,785 1,757,765
Tangible assets: 4 196,076 173,125
Total fixed assets: 2,114,861 1,930,890
Current assets
Debtors: 5 1,854,661 2,155,669
Total current assets: 1,854,661 2,155,669
Creditors: amounts falling due within one year: 6 (3,226,859) (3,486,133)
Net current assets (liabilities): (1,372,198) (1,330,464)
Total assets less current liabilities: 742,663 600,426
Provision for liabilities: (166,089) (166,089)
Total net assets (liabilities): 576,574 434,337
Capital and reserves
Called up share capital: 125 125
Profit and loss account: 576,449 434,212
Shareholders funds: 576,574 434,337

The notes form part of these financial statements

QUANTUM TECHNOLOGY MARKETING GROUP LIMITED

Balance sheet statements

For the year ending 31 December 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 24 September 2025
and signed on behalf of the board by:

Name: Manjinder Singh Dale
Status: Director

The notes form part of these financial statements

QUANTUM TECHNOLOGY MARKETING GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is the total amount receivable by the company in the ordinary course of business with outside customers for services provided, excluding VAT, and have been earned wholly within the United Kingdom. Sales are initially credited to deferred revenue and are recognised ratably over the period of delivery to the customer from the point at which the project commences to the issue of final deliverables.

Tangible fixed assets and depreciation policy

The cost of tangible assets is their purchase cost, together with any incidental costs of acquisition. Depreciation is calculated so as to write off the cost or valuation of tangible fixed assets, less their estimated residual values, on a straight line basis over the expected useful economic lives of the assets concerned. Depreciation commences at the start of the year following the purchase of the fixed assets. The principal annual rates for this purpose are: Computer equipment 25 - 33 percent Office furniture and equipment 25 percent Motor Vehicles 25 percent Leasehold improvements the shorter of 20 percent and to the lease expiry

Intangible fixed assets and amortisation policy

The main intangible asset is the Database. This contains details for major organisations including their existing IT Hardware, software, technology systems, key buyers and contact details. We also hold information on buying cycle insights. For the avoidance of doubt, the database is not a list of our customers or information on our customers. The cost of intangible assets is their purchase cost, together with the direct costs of those involved in enhancing and extending the company’s extensive database. Amortisation is calculated so as to write off the cost or valuation of intangible fixed assets, on a straight line basis over the expected useful life on the data concerned, expected to be 5 years in respect of the website and 5 to 10 years in respect of the Database (less any estimated residual values), on a straight line bases. Amortisation commences at the start of the year following the purchase/ capitalisation of staff costs. Depreciation commences in the year following the capitalisation of costs.

Other accounting policies

Hire purchase and operating leases Costs in respect of operating leases are charged on a straight line basis over the lease term. Hire purchase agreements are treated as if the asset had been purchased outright at the inception of the agreement. The assets are included in fixed assets and the capital elements of the lease commitments are shown as obligations under hire purchase agreements. The lease rentals are treated as consisting of capital and interest elements. The capital element is applied to reduce the outstanding obligations and the interest element is charged against profit in proportion to the reducing capital element outstanding. Assets held under hire purchase agreements are depreciated over the shorter of the lease term and the useful lives of equivalent owned assets. Provisions Provisions are made in respect of potential obligations where it is considered more likely than not that the obligation will give rise to a liability and it is possible to estimate the extent of the liability. The amounts disclosed have not been discounted as this would not be material. Pension costs and post retirement benefits The Group operates a defined contribution pension scheme. Contributions payable to the Group’s pension scheme are charged to the profit and loss account in the period to which they relate.

QUANTUM TECHNOLOGY MARKETING GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 2023
Average number of employees during the period 53 58

QUANTUM TECHNOLOGY MARKETING GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Intangible Assets

Total
Cost £
At 01 January 2024 3,440,753
Additions 514,496
Disposals (527,754)
At 31 December 2024 3,427,495
Amortisation
At 01 January 2024 1,682,988
Charge for year 350,476
On disposals (524,754)
At 31 December 2024 1,508,710
Net book value
At 31 December 2024 1,918,785
At 31 December 2023 1,757,765

QUANTUM TECHNOLOGY MARKETING GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Tangible Assets

Total
Cost £
At 01 January 2024 1,236,842
Additions 30,774
At 31 December 2024 1,267,616
Depreciation
At 01 January 2024 1,063,717
Charge for year 4,423
Other adjustments 3,400
At 31 December 2024 1,071,540
Net book value
At 31 December 2024 196,076
At 31 December 2023 173,125

QUANTUM TECHNOLOGY MARKETING GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Debtors

2024 2023
££
Debtors due after more than one year: 1,854,661 2,155,669

QUANTUM TECHNOLOGY MARKETING GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

6. Creditors: amounts falling due within one year note

Credit falling due within one year - £3,226,859

QUANTUM TECHNOLOGY MARKETING GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

7. Related party transactions

At the year end the Group was owed £372,341 (2023: £296,358) by the directors; the loan carries interest on overdue amounts at 4% and it has been repaid in full after the year end (the 2023 balance was repaid in full after the 2023 year end).