Company Registration No. 11251050 (England and Wales)
QBOTS ENERGY LTD
Unaudited accounts
for the year ended 31 December 2022
QBOTS ENERGY LTD
Unaudited accounts
Contents
QBOTS ENERGY LTD
Company Information
for the year ended 31 December 2022
Directors
LI YAO
VIJAY NATARAJAN
Company Number
11251050 (England and Wales)
Registered Office
6 HAZELWOOD ROAD
WILMSLOW
SK9 2QA
Accountants
Starlea Limited
36A Perry Road
Altrincham
WA15 7SU
QBOTS ENERGY LTD
Statement of financial position
as at 31 December 2022
Tangible assets
2,879
8,293
Cash at bank and in hand
216,726
529,891
Creditors: amounts falling due within one year
(180,199)
(261,464)
Net current assets
406,380
332,358
Total assets less current liabilities
409,259
340,651
Creditors: amounts falling due after more than one year
(74,193)
(50,000)
Net assets
335,066
290,651
Called up share capital
105
105
Profit and loss account
334,961
290,546
Shareholders' funds
335,066
290,651
For the year ending 31 December 2022 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 28 September 2023 and were signed on its behalf by
LI YAO
Director
Company Registration No. 11251050
QBOTS ENERGY LTD
Notes to the Accounts
for the year ended 31 December 2022
QBOTS ENERGY LTD is a private company, limited by shares, registered in England and Wales, registration number 11251050. The registered office is 6 HAZELWOOD ROAD, WILMSLOW, SK9 2QA.
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.
The management takes into account all available information about the future, which is at least, but is not limited to, twelve months from the date when the financial statements are authorized for issue. As a consequence of this, the director confirmed that the company continues as a going concern.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Grant income
Turnover recognized in the financial statements includes government grants received and receivable. The grant income in relation to expenditure are credited when the expenditure is charged to profit and loss account based on accrual model.
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:
Fixtures & fittings
33.33% on a straight line basis
Computer equipment
33.33% on a straight line basis
Expenditure on research and development is written off in the year in which it is incurred.
QBOTS ENERGY LTD
Notes to the Accounts
for the year ended 31 December 2022
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2022
6,153
14,913
21,066
At 31 December 2022
6,153
14,913
21,066
At 1 January 2022
3,290
9,483
12,773
Charge for the year
1,453
3,961
5,414
At 31 December 2022
4,743
13,444
18,187
At 31 December 2022
1,410
1,469
2,879
At 31 December 2021
2,863
5,430
8,293
Amounts falling due within one year
Trade debtors
241,210
50,067
Accrued income and prepayments
8,986
3,865
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
10,648
44,487
Trade creditors
1,425
6,300
Taxes and social security
16,307
16,241
Other creditors
137,125
148,626
Loans from directors
3
4,637
7
Creditors: amounts falling due after more than one year
2022
2021
Other creditors
50,000
50,000
Allotted, called up and fully paid:
10,526 Ordinary shares of £0.01 each
105.26
105.26
QBOTS ENERGY LTD
Notes to the Accounts
for the year ended 31 December 2022
9
Average number of employees
During the year the average number of employees was 9 (2021: 13).