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Unaudited Financial Statements |
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for the Year Ended 30 April 2018 |
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Quantum Claims Compensation Specialists |
Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 30 April 2018 |
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for |
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Quantum Claims Compensation Specialists |
Limited |
Quantum Claims Compensation Specialists |
Limited (Registered number: SC110105) |
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Contents of the Financial Statements |
for the Year Ended 30 April 2018 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Quantum Claims Compensation Specialists |
Limited |
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Company Information |
for the Year Ended 30 April 2018 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Accountants |
42 Queens Road |
Aberdeen |
AB15 4YE |
Quantum Claims Compensation Specialists |
Limited (Registered number: SC110105) |
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Balance Sheet |
30 April 2018 |
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30.4.18 | 30.4.17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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Investments | 5 |
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Investment property | 6 |
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CURRENT ASSETS |
Stocks |
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Debtors | 7 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 8 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
9 |
( |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Other reserves | 11 | ( |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
Quantum Claims Compensation Specialists |
Limited (Registered number: SC110105) |
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Balance Sheet - continued |
30 April 2018 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
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Quantum Claims Compensation Specialists |
Limited (Registered number: SC110105) |
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Notes to the Financial Statements |
for the Year Ended 30 April 2018 |
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1. | STATUTORY INFORMATION |
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Quantum Claims Compensation Specialists Limited is a
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Scotland. The company's registered number and registered office address can be found on the Company |
Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Computer equipment | - |
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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in |
fair value is recognised in profit or loss. |
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Stocks |
Work in progress is valued by the directors after taking account of fees received by the company subsequent to |
the financial year end. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
substantively enacted by the balance sheet date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the |
timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
Quantum Claims Compensation Specialists |
Limited (Registered number: SC110105) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 April 2018 |
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2. | ACCOUNTING POLICIES - continued |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
lease. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
scheme are charged to profit or loss in the period to which they relate. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Motor | Computer |
fittings | vehicles | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 May 2017 |
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Additions |
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At 30 April 2018 |
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DEPRECIATION |
At 1 May 2017 |
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Charge for year |
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At 30 April 2018 |
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NET BOOK VALUE |
At 30 April 2018 |
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At 30 April 2017 |
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5. | FIXED ASSET INVESTMENTS |
Shares in |
group | Other |
undertakings | investments | Totals |
£ | £ | £ |
COST OR VALUATION |
At 1 May 2017 |
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5,602 |
Revaluations |
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702 |
At 30 April 2018 |
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6,304 |
NET BOOK VALUE |
At 30 April 2018 |
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6,304 |
At 30 April 2017 |
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5,602 |
Quantum Claims Compensation Specialists |
Limited (Registered number: SC110105) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 April 2018 |
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5. | FIXED ASSET INVESTMENTS - continued |
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Cost or valuation at 30 April 2018 is represented by: |
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Shares in |
group | Other |
undertakings | investments | Totals |
£ | £ | £ |
Valuation in 2018 | 2 | 6,302 | 6,304 |
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The company's investments at the Balance Sheet date in the share capital of companies include the following: |
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Registered office: 70 Carden Place, Aberdeen, AB10 1UL, Scotland |
Nature of business:
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Class of shares: | holding |
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Registered office: 70 Carden Place, Aberdeen, AB10 1UL, Scotland |
Nature of business:
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Class of shares: | holding |
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Registered office: 70 Carden Place, Aberdeen, AB10 1UL, Scotland |
Nature of business:
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% |
Class of shares: | holding |
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6. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 May 2017 |
and 30 April 2018 |
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NET BOOK VALUE |
At 30 April 2018 |
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At 30 April 2017 |
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All properties were independently valued by Ryden LLP in July/August 2017. The directors are of the opinion |
there was no material deviation from these values as at the year end date nor comparative period date, after |
giving due regard for acquistions prior to the independent valuation. |
Quantum Claims Compensation Specialists |
Limited (Registered number: SC110105) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 April 2018 |
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7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.18 | 30.4.17 |
£ | £ |
Trade debtors |
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Amounts owed by group undertakings |
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Other debtors |
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8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.18 | 30.4.17 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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9. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
30.4.18 | 30.4.17 |
£ | £ |
Bank loans |
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10. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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30.4.18 | 30.4.17 |
£ | £ |
Bank overdrafts |
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Bank loans |
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Bank borrowings are secured by a standard security over the company's heritable property at 70 & 72 Carden |
Place, Aberdeen; 42/42a/42b Albyn Place, Aberdeen; 1 Tomnahurich Street, Inverness; 90 Battlefield Road, |
Glasgow; 1 South Tay Street, Dundee; 4/4a Randolph Place, Edinburgh; 70 West Regent Street, Glasgow; by |
cross letters of guarantee and letter of consent between Quantum Claims Compensation Specialists Limited and |
Albervic Limited; and by a bond and floating charge over all of the company's assets. |
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11. | RESERVES |
Other |
reserves |
£ |
At 1 May 2017 | ( |
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Transfer between reserves |
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At 30 April 2018 | ( |
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Quantum Claims Compensation Specialists |
Limited (Registered number: SC110105) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 April 2018 |
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12. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to directors subsisted during the years ended 30 April 2018 and |
30 April 2017: |
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30.4.18 | 30.4.17 |
£ | £ |
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Balance outstanding at start of year | ( |
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Amounts repaid | ( |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year | ( |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid | ( |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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Balance outstanding at start of year | ( |
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Amounts advanced |
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Amounts repaid |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year | ( |
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13. | RELATED PARTY DISCLOSURES |
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During the year Quantum Claims Compensation Specialists Limited had transactions with it's subsidiaries. |
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The opening balance due from Accident Helpline Scotland Limited was £2,660. During the year there was a |
number of transactions with a net movement reducing the amount owed by Accident Helpline Scotland Limited |
to £2,586 at the balance sheet date. |
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The opening balance due from Claims Direct (Scotland) Limited was £289. During the year £375 was paid by |
Quantum Claims Compensation Specialists Limited. The amount owed by Claims Direct (Scotland) Limited at |
the balance sheet date was £664. |
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14. | ULTIMATE CONTROLLING PARTY |
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The company believes there is no one controlling party. |