Quantum Leap Consultancy Ltd 06521718 false 2016-04-01 2017-03-31 2017-03-31 The principal activity of the company is Management Consultancy Activities Digita Accounts Production Advanced 6.20.8420.1 Software true 06521718 2016-04-01 2017-03-31 06521718 2017-03-31 06521718 core:RetainedEarningsAccumulatedLosses 2017-03-31 06521718 core:ShareCapital 2017-03-31 06521718 core:CurrentFinancialInstruments 2017-03-31 06521718 core:CurrentFinancialInstruments core:WithinOneYear 2017-03-31 06521718 core:FurnitureFittingsToolsEquipment 2017-03-31 06521718 bus:SmallEntities 2016-04-01 2017-03-31 06521718 bus:AuditExemptWithAccountantsReport 2016-04-01 2017-03-31 06521718 bus:FullAccounts 2016-04-01 2017-03-31 06521718 bus:RegisteredOffice 2016-04-01 2017-03-31 06521718 bus:Director1 2016-04-01 2017-03-31 06521718 bus:PrivateLimitedCompanyLtd 2016-04-01 2017-03-31 06521718 core:FurnitureFittingsToolsEquipment 2016-04-01 2017-03-31 06521718 core:OfficeEquipment 2016-04-01 2017-03-31 06521718 countries:England 2016-04-01 2017-03-31 06521718 2016-03-31 06521718 core:FurnitureFittingsToolsEquipment 2016-03-31 06521718 2015-04-01 2016-03-31 06521718 2016-03-31 06521718 core:RetainedEarningsAccumulatedLosses 2016-03-31 06521718 core:ShareCapital 2016-03-31 06521718 core:CurrentFinancialInstruments 2016-03-31 06521718 core:CurrentFinancialInstruments core:WithinOneYear 2016-03-31 06521718 core:FurnitureFittingsToolsEquipment 2016-03-31 iso4217:GBP xbrli:pure

Registration number: 06521718

Quantum Leap Consultancy Ltd

Information for Filing with The Registrar

31 March 2017

 

Quantum Leap Consultancy Ltd

(Registration number: 06521718)

Balance Sheet

31 March 2017

Note

2017
£

2016
£

Fixed assets

 

Tangible assets

4

1,931

1,186

Current assets

 

Debtors

5

7,251

15,203

Cash at bank and in hand

 

22,400

7,280

 

29,651

22,483

Creditors: Amounts falling due within one year

6

(31,015)

(23,395)

NET CURRENT LIABILITIES

 

(1,364)

(912)

 

567

274

Capital and reserves

 

Called up share capital

2

2

Profit and loss account

565

272

TOTAL EQUITY

 

567

274

For the financial year ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

As permitted by section 444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's Profit and Loss Account.

Approved and authorised by the Board on 9 October 2017 and signed on its behalf by:


A.S. Gibson

Director

 

Quantum Leap Consultancy Ltd

Notes to the Accounts

Year Ended 31 March 2017

1

General information

The company is a private company limited by share capital incorporated in England.

The address of its registered office is:
11 Finkle Street
Woolley
Wakefield
West Yorkshire
WF4 2LA

These financial statements were authorised for issue by the Board on 9 October 2017.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises corporation tax.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Quantum Leap Consultancy Ltd

Notes to the Accounts

Year Ended 31 March 2017

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

3 years straight line basis

3

Staff numbers

The average number of employees under contracts of service during the year, was 1 (2016 - 1).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2016

10,480

10,480

Additions

2,004

2,004

Disposals

(834)

(834)

At 31 March 2017

11,650

11,650

Depreciation

At 1 April 2016

9,294

9,294

Charge for the year

1,258

1,258

Eliminated on disposal

(833)

(833)

At 31 March 2017

9,719

9,719

Carrying amount

At 31 March 2017

1,931

1,931

At 31 March 2016

1,186

1,186

5

Debtors

2017
£

2016
£

Trade debtors

6,192

9,288

Other debtors

1,059

5,915

7,251

15,203

 

Quantum Leap Consultancy Ltd

Notes to the Accounts

Year Ended 31 March 2017

6

Creditors

Note

2017
£

2016
£

Due within one year

 

Amounts due to related parties

124

-

Corporation tax

 

23,122

13,901

Other taxes and social security

 

6,087

6,606

Other creditors

 

1,682

2,888

 

31,015

23,395

7

Transition to FRS 102

No adjustment was required to the results to 31 March 2016, as reported, by adopting FRS 102 Section 1A.


Options

Monitor

  • Receive an alert email on changes to financial status
  • Early indications of liquidity problems
  • Warns when company reporting is overdue
  • Free service, no spam emails
Monitor Now

Please Help Us!

Was this document useful to you? Please Like our page. The more Likes we get, the more documents we can supply you free. Thanks.