Company Registration No. 09964744 (England and Wales)
Quantum Communications Limited
Unaudited accounts
for the year ended 31 January 2021
Quantum Communications Limited
Unaudited accounts
Contents
Quantum Communications Limited
Company Information
for the year ended 31 January 2021
Directors
Lincoln Fraser
Kenickie Andrew Robert Hugill
Bluefin Holdings Limited
Richard David Straker-Smith
Company Number
09964744 (England and Wales)
Registered Office
Regent House
Brookenby Park
Market Rasen
Lincolnshire
LN8 6HF
Quantum Communications Limited
Statement of financial position
as at 31 January 2021
Tangible assets
1,093,703
201,000
Investments
300,000
300,000
Inventories
234,500
15,500
Cash at bank and in hand
825,347
37,105
Creditors: amounts falling due within one year
(94,705)
(31,140)
Net current assets
996,592
46,565
Total assets less current liabilities
2,390,295
547,565
Creditors: amounts falling due after more than one year
(1,614,779)
(343,595)
Net assets
775,516
203,970
Called up share capital
100
100
Revaluation reserve
520,000
-
Capital contribution reserve
300,000
300,000
Profit and loss account
(44,584)
(96,130)
Shareholders' funds
775,516
203,970
For the year ending 31 January 2021 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 6 April 2021 and were signed on its behalf by
Lincoln Fraser
Director
Company Registration No. 09964744
Quantum Communications Limited
Notes to the Accounts
for the year ended 31 January 2021
Quantum Communications Limited is a private company, limited by shares, registered in England and Wales, registration number 09964744. The registered office is Regent House, Brookenby Park, Market Rasen, Lincolnshire, LN8 6HF.
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, or revalued where appropriate to reflect true commercial value. 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
Motor vehicles
20% Reducing Balance
Computer equipment
20% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At valuation
At cost
At cost
At 1 February 2020
105,000
-
120,000
225,000
Additions
400,180
28,631
-
428,811
Revaluations
520,000
-
-
520,000
At 31 January 2021
1,025,180
28,631
120,000
1,173,811
At 1 February 2020
-
-
24,000
24,000
Charge for the year
35,000
1,908
19,200
56,108
At 31 January 2021
35,000
1,908
43,200
80,108
At 31 January 2021
990,180
26,723
76,800
1,093,703
At 31 January 2020
105,000
-
96,000
201,000
Quantum Communications Limited
Notes to the Accounts
for the year ended 31 January 2021
5
Investments
Other investments
Valuation at 1 February 2020
300,000
Valuation at 31 January 2021
300,000
Trade debtors
31,350
25,000
Total debtors less than one year
31,450
25,100
Total debtors
31,450
25,100
7
Creditors: amounts falling due within one year
2021
2020
Trade creditors
36,314
15,053
Taxes and social security
63,055
16,087
8
Creditors: amounts falling due after more than one year
2021
2020
Amounts owed to group undertakings and other participating interests
501,249
343,595
Loans from directors
619,180
-
9
Average number of employees
During the year the average number of employees was 15 (2020: 10).
