Acorah Software Products - Accounts Production 14.5.601 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 12246236 Ms Khadija Masbali iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12246236 2022-10-31 12246236 2023-10-31 12246236 2022-11-01 2023-10-31 12246236 frs-core:Non-currentFinancialInstruments 2023-10-31 12246236 frs-core:ShareCapital 2023-10-31 12246236 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 12246236 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 12246236 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 12246236 frs-bus:SmallEntities 2022-11-01 2023-10-31 12246236 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 12246236 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 12246236 frs-bus:Director1 2022-11-01 2023-10-31 12246236 frs-countries:EnglandWales 2022-11-01 2023-10-31 12246236 2021-10-31 12246236 2022-10-31 12246236 2021-11-01 2022-10-31 12246236 frs-core:Non-currentFinancialInstruments 2022-10-31 12246236 frs-core:ShareCapital 2022-10-31 12246236 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 12246236
QG INNOVATIONS LTD
Unaudited Financial Statements
For The Year Ended 31 October 2023
QP Accountants Ltd
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2
Page 1
Balance Sheet
Registered number: 12246236
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 31,385 31,385
Cash at bank and in hand 11,573 11,573
42,958 42,958
Creditors: Amounts Falling Due Within One Year 5 (1,250 ) (1,130 )
NET CURRENT ASSETS (LIABILITIES) 41,708 41,828
TOTAL ASSETS LESS CURRENT LIABILITIES 41,708 41,828
Creditors: Amounts Falling Due After More Than One Year 6 (50,000 ) (50,000 )
NET LIABILITIES (8,292 ) (8,172 )
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account (8,293 ) (8,173 )
SHAREHOLDERS' FUNDS (8,292) (8,172)
For the year ending 31 October 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 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms Khadija Masbali
Director
30/07/2024
The notes on page 2 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
QG INNOVATIONS LTD is a private company, limited by shares, incorporated in England & Wales, registered number 12246236 . The registered office is Flat 9 Rebecca House, Brokesley Street, London, E3 4QN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
4. Debtors
2023 2022
£ £
Due within one year
Other debtors 31,385 31,385
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other creditors 1,250 1,130
6. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 50,000 50,000
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
Page 2