Company Registration No. 04445312 (England and Wales)
QUORUM DEVELOPMENT LTD
Unaudited accounts
for the year ended 31 May 2025
QUORUM DEVELOPMENT LTD
Unaudited accounts
Contents
QUORUM DEVELOPMENT LTD
Company Information
for the year ended 31 May 2025
Directors
N Fothergill
P Fothergill
P Usher
Company Number
04445312 (England and Wales)
Registered Office
Office F1, Explorer 2 Thomas Wright Way
Net Park
Sedgefield
County Durham
TS21 3FF
England
Accountants
Abacus Jack Ltd
New Century House
Crowther Road
Washington
Tyne and Wear
NE38 0QA
QUORUM DEVELOPMENT LTD
Statement of financial position
as at 31 May 2025
Tangible assets
106,123
95,469
Cash at bank and in hand
583,852
525,096
Creditors: amounts falling due within one year
(971,928)
(763,909)
Net current assets
146,991
279,929
Total assets less current liabilities
253,114
375,398
Provisions for liabilities
Deferred tax
(26,532)
(23,868)
Net assets
226,582
351,530
Called up share capital
61
61
Capital redemption reserve
56
56
Profit and loss account
226,465
351,413
Shareholders' funds
226,582
351,530
For the year ending 31 May 2025 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 September 2025 and were signed on its behalf by
P Fothergill
Director
Company Registration No. 04445312
QUORUM DEVELOPMENT LTD
Notes to the Accounts
for the year ended 31 May 2025
QUORUM DEVELOPMENT LTD is a private company, limited by shares, registered in England and Wales, registration number 04445312. The registered office is Office F1, Explorer 2 Thomas Wright Way, Net Park, Sedgefield, County Durham, TS21 3FF, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% on cost
Fixtures & fittings
15% on cost
Computer equipment
20% on cost
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2024
47,520
11,514
221,969
281,003
Additions
-
26,486
18,643
45,129
At 31 May 2025
47,520
38,000
240,612
326,132
At 1 June 2024
13,860
9,145
162,529
185,534
Charge for the year
11,880
2,663
19,932
34,475
At 31 May 2025
25,740
11,808
182,461
220,009
At 31 May 2025
21,780
26,192
58,151
106,123
At 31 May 2024
33,660
2,369
59,440
95,469
QUORUM DEVELOPMENT LTD
Notes to the Accounts
for the year ended 31 May 2025
Amounts falling due within one year
Trade debtors
522,155
510,049
Accrued income and prepayments
12,912
8,693
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
153,068
21,679
Taxes and social security
166,162
171,616
Other creditors
14,117
6,878
Loans from directors
3,065
2,545
Deferred income
569,522
413,884
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Average number of employees
During the year the average number of employees was 26 (2024: 26).