Quantum Electric Solutions Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 16023291

QUANTUM ELECTRIC SOLUTIONS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 October 2025

QUANTUM ELECTRIC SOLUTIONS LIMITED

FINANCIAL STATEMENTS

PERIOD FROM 16 OCTOBER 2024 TO 31 OCTOBER 2025

CONTENTS	PAGE

Statement of financial position	1

Notes to the financial statements	3

QUANTUM ELECTRIC SOLUTIONS LIMITED

STATEMENT OF FINANCIAL POSITION

31 October 2025

	31 Oct 25
Note	£	£

FIXED ASSETS

Tangible assets	4		2,303

CURRENT ASSETS

Debtors	5	380
Cash at bank and in hand		604
		-----
		984

CREDITORS: amounts falling due within one year	6	1,051
		--------
NET CURRENT LIABILITIES			67
			--------
TOTAL ASSETS LESS CURRENT LIABILITIES			2,236

PROVISIONS	7	195
		--------
NET ASSETS		2,041
		--------

QUANTUM ELECTRIC SOLUTIONS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 October 2025

	31 Oct 25
Note	£	£

CAPITAL AND RESERVES

Called up share capital	9	1
Profit and loss account		2,040
		--------
SHAREHOLDERS FUNDS		2,041
		--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the period ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

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

These financial statements were approved by the board of directors and authorised for issue on 15 July 2026 , and are signed on behalf of the board by:

Mr L Wharton
Director

Company registration number: 16023291

QUANTUM ELECTRIC SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

PERIOD FROM 16 OCTOBER 2024 TO 31 OCTOBER 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 16 Green Lane, Overton, Wakefield, WF4 4RE, England.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are not considered to be any judgements or accounting estimates or assumptions that have a significant impact on the financial statements.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current and deferred tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	20% reducing balance

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

4. TANGIBLE ASSETS

	Equipment
	£
Cost
At 16 October 2024	–
Additions	2,703
	--------
At 31 October 2025	2,703
	--------
Depreciation
At 16 October 2024	–
Charge for the period	400
	--------
At 31 October 2025	400
	--------
Carrying amount
At 31 October 2025	2,303
	--------

5. DEBTORS

	31 Oct 25
	£
Trade debtors	101
Other debtors	279
	-----
	380
	-----

6. CREDITORS: amounts falling due within one year

	31 Oct 25
	£
Accruals and deferred income	650
Corporation tax	401
	--------
	1,051
	--------

7. PROVISIONS

	Deferred tax (note 8)
	£
At 16 October 2024	–
Additions	195
	-----
At 31 October 2025	195
	-----

8. DEFERRED TAX

The deferred tax included in the statement of financial position is as follows:

	31 Oct 25
	£
Included in provisions (note 7)	195
	-----

The deferred tax account consists of the tax effect of timing differences in respect of:

	31 Oct 25
	£
Accelerated capital allowances	195
	-----

9. CALLED UP SHARE CAPITAL

Issued, called up and fully paid

	31 Oct 25
	No.	£
Ordinary shares of £ 1 each	1	1
	-----	-----

1 Ordinary share of £1 was issued on date of incorporation.

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The directors loan account was in credit throughout the year. The loan is repayable on demand and no interest is charged.