Company registration number 10304694 (England and Wales)
QUANTSPARK LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
PAGES FOR FILING WITH REGISTRAR
QUANTSPARK LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
QUANTSPARK LIMITED
BALANCE SHEET
AS AT
31 JULY 2025
31 July 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
4
845,673
230,264
Tangible assets
5
62,183
109,414
907,856
339,678
Current assets
Debtors
6
3,225,751
2,857,395
Cash at bank and in hand
922,739
1,195,464
4,148,490
4,052,859
Creditors: amounts falling due within one year
7
(940,195)
(812,199)
Net current assets
3,208,295
3,240,660
Total assets less current liabilities
4,116,151
3,580,338
Creditors: amounts falling due after more than one year
8
-
0
(45,833)
Provisions for liabilities
(154,345)
(80,033)
Net assets
3,961,806
3,454,472
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
3,961,706
3,454,372
Total equity
3,961,806
3,454,472

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

QUANTSPARK LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 JULY 2025
31 July 2025
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 9 July 2026
Mr A I Hadley
Director
Company Registration No. 10304694
QUANTSPARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
- 3 -
1
Accounting policies
Company information

QuantSpark Limited is a private company limited by shares incorporated in England and Wales, company number 10304694. The registered office is 128 City Road, London, EC1V 2NX.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

A t the time of approving the financial statements, t he director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT. The fair value of consideration takes into account trade discounts.

1.4
Research and development expenditure

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

1.5
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Development costs
33% straight line
QUANTSPARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 4 -
1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Office equipment
33% straight line
Computers
33% straight line
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

QUANTSPARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 5 -
1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.13
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.14
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

QUANTSPARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 6 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
64
81
4
Intangible fixed assets
Other
£
Cost
At 1 August 2024
335,615
Additions
883,954
At 31 July 2025
1,219,569
Amortisation and impairment
At 1 August 2024
105,351
Amortisation charged for the year
268,545
At 31 July 2025
373,896
Carrying amount
At 31 July 2025
845,673
At 31 July 2024
230,264
QUANTSPARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 7 -
5
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2024
390,106
Additions
20,769
At 31 July 2025
410,875
Depreciation and impairment
At 1 August 2024
280,692
Depreciation charged in the year
68,000
At 31 July 2025
348,692
Carrying amount
At 31 July 2025
62,183
At 31 July 2024
109,414
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
799,167
1,065,762
Corporation tax recoverable
348,928
139,729
Other debtors
2,077,656
1,651,904
3,225,751
2,857,395
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
45,833
50,000
Trade creditors
233,155
48,048
Taxation and social security
296,889
376,773
Other creditors
364,318
337,378
940,195
812,199
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
-
0
45,833
QUANTSPARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 8 -
9
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
484,955
20,000
10
Related party transactions

During the year the company invoiced Online Harms Foundation, a connected company by virtue of common control and a common director, £913,095 net of VAT for consultancy and other services (20 24: £2,160,943). At the year end the company was owed £1,374,157 (20 24: £1,234,895) in respect of these services. At the year end, the company was also owed £180,769 (2024: £52,816) from Online Harms Foundation for recharged expenses.

During the year ended 31 July 2022, a loan of £250,000 was made to CGR Trading Limited, a connected company by virtue of common control and a common director. At the year end the company was owed £219,500 by CGR Trading Limited (2024: £230,000).

2025-07-31 2024-08-01 false false false 09 July 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Mr A I Hadley 10304694 2024-08-01 2025-07-31 10304694 2025-07-31 10304694 2024-07-31 10304694 core:IntangibleAssetsOtherThanGoodwill 2025-07-31 10304694 core:IntangibleAssetsOtherThanGoodwill 2024-07-31 10304694 core:OtherPropertyPlantEquipment 2025-07-31 10304694 core:OtherPropertyPlantEquipment 2024-07-31 10304694 core:CurrentFinancialInstruments core:WithinOneYear 2025-07-31 10304694 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 10304694 core:Non-currentFinancialInstruments core:AfterOneYear 2025-07-31 10304694 core:Non-currentFinancialInstruments core:AfterOneYear 2024-07-31 10304694 core:CurrentFinancialInstruments 2025-07-31 10304694 core:CurrentFinancialInstruments 2024-07-31 10304694 core:ShareCapital 2025-07-31 10304694 core:ShareCapital 2024-07-31 10304694 core:RetainedEarningsAccumulatedLosses 2025-07-31 10304694 core:RetainedEarningsAccumulatedLosses 2024-07-31 10304694 bus:Director1 2024-08-01 2025-07-31 10304694 core:IntangibleAssetsOtherThanGoodwill 2024-08-01 2025-07-31 10304694 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-08-01 2025-07-31 10304694 core:FurnitureFittings 2024-08-01 2025-07-31 10304694 core:ComputerEquipment 2024-08-01 2025-07-31 10304694 core:MotorVehicles 2024-08-01 2025-07-31 10304694 2023-08-01 2024-07-31 10304694 core:IntangibleAssetsOtherThanGoodwill 2024-07-31 10304694 core:OtherPropertyPlantEquipment 2024-07-31 10304694 core:OtherPropertyPlantEquipment 2024-08-01 2025-07-31 10304694 core:Non-currentFinancialInstruments 2025-07-31 10304694 core:Non-currentFinancialInstruments 2024-07-31 10304694 bus:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 10304694 bus:FRS102 2024-08-01 2025-07-31 10304694 bus:AuditExemptWithAccountantsReport 2024-08-01 2025-07-31 10304694 bus:SmallCompaniesRegimeForAccounts 2024-08-01 2025-07-31 10304694 bus:FullAccounts 2024-08-01 2025-07-31 xbrli:pure xbrli:shares iso4217:GBP