IRIS Accounts Production v24.1.9.2 02903407 director 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary A 1.00000 Ordinary B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh029034072023-03-31029034072024-03-31029034072023-04-012024-03-31029034072022-03-31029034072022-04-012023-03-31029034072023-03-3102903407ns15:EnglandWales2023-04-012024-03-3102903407ns14:PoundSterling2023-04-012024-03-3102903407ns10:Director12023-04-012024-03-3102903407ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3102903407ns10:SmallEntities2023-04-012024-03-3102903407ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3102903407ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3102903407ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3102903407ns10:FullAccounts2023-04-012024-03-3102903407ns10:OrdinaryShareClass12023-04-012024-03-3102903407ns10:OrdinaryShareClass22023-04-012024-03-3102903407ns10:RegisteredOffice2023-04-012024-03-3102903407ns5:CurrentFinancialInstruments2024-03-3102903407ns5:CurrentFinancialInstruments2023-03-3102903407ns5:ShareCapital2024-03-3102903407ns5:ShareCapital2023-03-3102903407ns5:CapitalRedemptionReserve2024-03-3102903407ns5:CapitalRedemptionReserve2023-03-3102903407ns5:RetainedEarningsAccumulatedLosses2024-03-3102903407ns5:RetainedEarningsAccumulatedLosses2023-03-3102903407ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3102903407ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3102903407ns10:OrdinaryShareClass12024-03-3102903407ns10:OrdinaryShareClass22024-03-31
REGISTERED NUMBER: 02903407 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

QI LIMITED

QI LIMITED (REGISTERED NUMBER: 02903407)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


QI LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: S J Watson





REGISTERED OFFICE: 2 Manor Farm Court
Old Wolverton Road
Milton Keynes
Buckinghamshire
MK12 5NN





REGISTERED NUMBER: 02903407 (England and Wales)





ACCOUNTANTS: Ad Valorem Accountancy Services Limited
Chartered Certified Accountants
2 Manor Farm Court
Old Wolverton Road
Old Wolverton
Buckinghamshire
MK12 5NN

QI LIMITED (REGISTERED NUMBER: 02903407)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £ £
CURRENT ASSETS
Debtors 4 416,994 247,537
Cash at bank and in hand 871,054 684,983
1,288,048 932,520
CREDITORS
Amounts falling due within one year 5 764,542 565,205
NET CURRENT ASSETS 523,506 367,315
TOTAL ASSETS LESS CURRENT
LIABILITIES

523,506

367,315

CAPITAL AND RESERVES
Called up share capital 6 454 454
Capital redemption reserve 100 100
Retained earnings 522,952 366,761
SHAREHOLDERS' FUNDS 523,506 367,315

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 July 2024 and were signed by:





S J Watson - Director


QI LIMITED (REGISTERED NUMBER: 02903407)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

QI Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates,value added tax and other sales taxes. Turnover represents net invoiced sales of software and computer consultancy services.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 12 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 388,051 241,619
Other debtors 28,943 5,918
416,994 247,537

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 58,214 43,266
Taxation and social security 184,811 126,354
Other creditors 521,517 395,585
764,542 565,205

QI LIMITED (REGISTERED NUMBER: 02903407)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary A 1 100 100
354 Ordinary B 1 354 354
454 454