QWARE LIMITED Filleted Accounts Cover
QWARE LIMITED
Company No. 13334085
Information for Filing with The Registrar
30 June 2023
QWARE LIMITED Directors Report Registrar
The Directors present their report and the accounts for the year ended 30 June 2023.
Principal activities
The principal activity of the company during the year under review was . Information technology consultancy activities.
Directors
The Directors who served at any time during the year were as follows:
M.A. COOPER
B.J. GREEN
P. NICHOLAS
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
M.A. COOPER
Director
09 February 2024
QWARE LIMITED Balance Sheet Registrar
at
30 June 2023
Company No.
13334085
Notes
2023
2022
£
£
Fixed assets
Intangible assets
4
9,21420,271
Tangible assets
5
669-
9,88320,271
Current assets
Debtors
6
87,61528,328
Cash at bank and in hand
118,665114,227
206,280142,555
Creditors: Amount falling due within one year
7
(133,358)
(128,579)
Net current assets
72,92213,976
Total assets less current liabilities
82,80534,247
Net assets
82,80534,247
Capital and reserves
Called up share capital
100100
Profit and loss account
9
82,70534,147
Total equity
82,80534,247
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 30 June 2023 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
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 by the board on 09 February 2024
And signed on its behalf by:
M.A. COOPER
Director
09 February 2024
QWARE LIMITED Notes to the Accounts Registrar
for the year ended 30 June 2023
1
General information
Its registered number is: 13334085
Its registered office is:
Its trading address is:
Ground Floor,
D2 Fareham Heights
Cromwell House
Standard way
15 Andover Road
Fareham
Winchester
SO23 7BT
PO16 8XT
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Intangible fixed assets
Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.
Research and development costs
Expenditure on research and development is written off in the year it is incurred unless it meets the criteria to allow it to be capitalised. Costs of research are always written off in the year in which they are incurred. Where development costs are recognised as an asset, they are amortised over the period expected to benefit from them. Amortisation of the capitalised costs begins once the developed product comes into use, typically at rate of 33.33% straight line.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Foreign currencies
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.
Defined contribution pensions
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
55
4
Intangible fixed assets
Goodwill
Total
£
£
Cost
At 1 July 2022
31,32831,328
At 30 June 2023
31,32831,328
Amortisation and impairment
At 1 July 2022
11,05711,057
Charge for the year
11,05711,057
At 30 June 2023
22,11422,114
Net book values
At 30 June 2023
9,2149,214
At 30 June 2022
20,27120,271
5
Tangible fixed assets
Fixtures, fittings and equipment
Total
£
£
Cost or revaluation
Additions
708708
At 30 June 2023
708708
Depreciation
Charge for the year
3939
At 30 June 2023
3939
Net book values
At 30 June 2023
669669
6
Debtors
2023
2022
£
£
Trade debtors
18,00023,271
Amounts owed by group undertakings
6,2194,730
Prepayments and accrued income
63,396327
87,61528,328
7
Creditors:
amounts falling due within one year
2023
2022
£
£
Trade creditors
12,42914,356
Taxes and social security
34,605
10,278
Other creditors
1,864977
Accruals and deferred income
84,460102,968
133,358128,579
8
Share Capital
Called up
9
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
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