Company Registration No. 09964744 (England and Wales)
Quantum Communications Limited
Unaudited accounts
for the year ended 31 January 2023
Quantum Communications Limited
Unaudited accounts
Contents
Quantum Communications Limited
Company Information
for the year ended 31 January 2023
Directors
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 2023
Tangible assets
7,993,671
8,060,836
Investments
300,000
300,000
Inventories
598,750
598,750
Cash at bank and in hand
4,687,988
4,614,255
Creditors: amounts falling due within one year
(615,408)
(144,096)
Net current assets
5,605,607
5,116,364
Total assets less current liabilities
13,899,278
13,477,200
Creditors: amounts falling due after more than one year
(1,655,759)
(2,092,273)
Net assets
12,243,519
11,384,927
Called up share capital
200
200
Share premium
300,000
300,000
Revaluation reserve
6,650,000
6,650,000
Capital contribution reserve
4,550,000
4,300,000
Profit and loss account
743,319
134,727
Shareholders' funds
12,243,519
11,384,927
For the year ending 31 January 2023 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 31 October 2023 and were signed on its behalf by
Kenickie Andrew Robert Hugill
Director
Company Registration No. 09964744
Quantum Communications Limited
Notes to the Accounts
for the year ended 31 January 2023
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 cost
At cost
At cost
At 1 February 2022
7,760,005
287,230
142,122
8,189,357
At 31 January 2023
7,760,005
287,230
142,122
8,189,357
At 1 February 2022
35,000
28,441
65,080
128,521
Charge for the year
-
51,757
15,408
67,165
At 31 January 2023
35,000
80,198
80,488
195,686
At 31 January 2023
7,725,005
207,032
61,634
7,993,671
At 31 January 2022
7,725,005
258,789
77,042
8,060,836
5
Investments
Other investments
Valuation at 1 February 2022
300,000
Valuation at 31 January 2023
300,000
Quantum Communications Limited
Notes to the Accounts
for the year ended 31 January 2023
Amounts falling due within one year
Trade debtors
34,077
27,511
Accrued income and prepayments
900,000
-
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
495,195
69,166
Taxes and social security
71,263
71,263
Other creditors
3,667
3,667
8
Creditors: amounts falling due after more than one year
2023
2022
Amounts owed to group undertakings and other participating interests
634,198
587,222
Loans from directors
977,302
997,652
9
Average number of employees
During the year the average number of employees was 31 (2022: 31).
