Company Registration No. 09964744 (England and Wales)
Quantum Communications Limited
Unaudited accounts
for the year ended 31 January 2020
Quantum Communications Limited
Unaudited accounts
Contents
Quantum Communications Limited
Company Information
for the year ended 31 January 2020
Directors
Lincoln Fraser
Kenickie Andrew Robert Hugill
Company Number
09964744 (England and Wales)
Registered Office
The Headquarters Building
Brookenby Park, Brookenby
Market Rasen
Lincolnshire
LN8 6HF
United Kingdom
Quantum Communications Limited
Statement of financial position
as at 31 January 2020
Tangible assets
201,000
120,000
Investments
300,000
300,000
Cash at bank and in hand
37,105
45,850
Creditors: amounts falling due within one year
(31,140)
(10,075)
Net current assets
46,565
35,875
Total assets less current liabilities
547,565
455,875
Creditors: amounts falling due after more than one year
(343,595)
(288,605)
Net assets
203,970
167,270
Called up share capital
100
100
Capital contribution reserve
300,000
300,000
Profit and loss account
(96,130)
(132,830)
Shareholders' funds
203,970
167,270
For the year ending 31 January 2020 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.
Approved by the Board on 11 May 2020.
Lincoln Fraser
Director
Company Registration No. 09964744
Quantum Communications Limited
Notes to the Accounts
for the year ended 31 January 2020
Quantum Communications Limited is a private company, limited by shares, registered in England and Wales, registration number 09964744. The registered office is The Headquarters Building, Brookenby Park, Brookenby, Market Rasen, Lincolnshire, LN8 6HF, United Kingdom.
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:
Plant & machinery
20% Reducing Balance
Computer equipment
20% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 February 2019
-
120,000
120,000
Additions
105,000
-
105,000
At 31 January 2020
105,000
120,000
225,000
Charge for the year
-
24,000
24,000
At 31 January 2020
-
24,000
24,000
At 31 January 2020
105,000
96,000
201,000
At 31 January 2019
-
120,000
120,000
Quantum Communications Limited
Notes to the Accounts
for the year ended 31 January 2020
5
Investments
Other investments
Valuation at 1 February 2019
300,000
Valuation at 31 January 2020
300,000
8
Creditors: amounts falling due within one year
2020
2019
Taxes and social security
16,087
10,075
9
Creditors: amounts falling due after more than one year
2020
2019
Amounts owed to group undertakings and other participating interests
343,595
288,605
10
Average number of employees
During the year the average number of employees was 10 (2019: 3).
