Registered number
11658764
QLAAR LTD
Unaudited Filleted Accounts
31 March 2023
QLAAR LTD
Registered number: 11658764
Balance Sheet
as at 31 March 2023
Restated
Notes 2023 2021
USD USD
Fixed assets
Tangible assets 3 4,693 -
Current assets
Debtors 4 152,481 310,197
Cash at bank and in hand 675,086 1,140,694
827,567 1,450,891
Creditors: amounts falling due within one year 5 (325,647) (1,149,947)
Net current assets 501,920 300,944
Net assets 506,613 300,944
Capital and reserves
Called up share capital 128 128
Profit and loss account 506,485 300,816
Shareholders' funds 506,613 300,944
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D Subramanian
Director
Approved by the board on 1 September 2023
QLAAR LTD
Notes to the Accounts
for the period from 1 December 2021 to 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

Change in Presentation Currency
The Directors have elected to change the company's presentation currency from Sterling (£) to United States dollars (USD) effective from 1 December 2019. The change in presentation currency is a voluntary change which is accounted for retrospectively.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2021
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc
USD
Cost
Additions 7,040
At 31 March 2023 7,040
Depreciation
Charge for the period 2,347
At 31 March 2023 2,347
Net book value
At 31 March 2023 4,693
4 Debtors 2023 2021
USD USD
Trade debtors 150,379 267,194
Other debtors - translation difference on converting functional currency to Presentation currency 2,102 43,003
152,481 310,197
Restated
5 Creditors: amounts falling due within one year 2023 2021
USD USD
Amounts owed to group undertakings and undertakings in which the company has a participating interest 36,410 894,893
Taxation and social security costs 187,999 199,718
Other creditors 101,238 55,336
325,647 1,149,947
6 Controlling party
The company is 100% owned by Impactiva Ltd.
7 Other information
QLAAR LTD is a private company limited by shares and incorporated in England. Its registered office is:
1b Davenant Road
Oxford
Oxfordshire
OX2 8BT
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