2022-04-012023-03-312023-03-31false12511396IQUANT SOLUTIONS 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IQUANT SOLUTIONS LTD

Registered Number
12511396
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

IQUANT SOLUTIONS LTD
Company Information
for the year from 1 April 2022 to 31 March 2023

Directors

KOVACS, Balazs Elemer
KOVACS, Elemer Viktor

Registered Address

71-75 Shelton Street
London
WC2H 9JQ

Registered Number

12511396 (England and Wales)
IQUANT SOLUTIONS LTD
Balance Sheet as at
31 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets514,1176,233
14,1176,233
Current assets
Debtors6124,6434,563
Cash at bank and on hand141,39134,429
266,03438,992
Creditors amounts falling due within one year7(23,502)(38,431)
Net current assets (liabilities)242,532561
Total assets less current liabilities256,6496,794
Net assets256,6496,794
Capital and reserves
Profit and loss account256,6496,794
Shareholders' funds256,6496,794
The financial statements were approved and authorised for issue by the Board of Directors on 18 November 2023, and are signed on its behalf by:
KOVACS, Balazs Elemer
Director
Registered Company No. 12511396
IQUANT SOLUTIONS LTD
Notes to the Financial Statements
for the year ended 31 March 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Office Equipment3
Revenue recognition policy
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.
Foreign currency translation and operations policy
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.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
4.Employee information

20232022
Average number of employees during the year42
5.Property, plant and equipment

Office Equipment

Total

££
Cost or valuation
At 01 April 227,7407,740
Additions11,12911,129
At 31 March 2318,86918,869
Depreciation and impairment
At 01 April 221,5071,507
Charge for year3,2453,245
At 31 March 234,7524,752
Net book value
At 31 March 2314,11714,117
At 31 March 226,2336,233
6.Debtors

2023

2022

££
Trade debtors / trade receivables44,4263,930
Other debtors11,153633
Prepayments and accrued income69,064-
Total124,6434,563
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.
7.Creditors within one year

2023

2022

££
Trade creditors / trade payables17,4884,997
Taxation and social security6,014305
Other creditors-33,129
Total23,50238,431
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.