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REGISTERED NUMBER: 03334601 (England and Wales)












Financial Statements

for the Year Ended 30th June 2024

for

Q Learning Ltd

Q Learning Ltd (Registered number: 03334601)






Contents of the Financial Statements
for the Year Ended 30th June 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


Q Learning Ltd

Company Information
for the Year Ended 30th June 2024







DIRECTORS: M Cheeseman
Mrs K Cove





SECRETARY: M Cheeseman





REGISTERED OFFICE: 2 West Street
Henley On Thames
Oxfordshire
RG9 2DU





REGISTERED NUMBER: 03334601 (England and Wales)





ACCOUNTANTS: Buffery & Co Ltd
2 West Street
Henley On Thames
Oxfordshire
RG9 2DU

Q Learning Ltd (Registered number: 03334601)

Abridged Balance Sheet
30th June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 907 712

CURRENT ASSETS
Debtors 91,688 43,388
Cash at bank 193,487 256,303
285,175 299,691
CREDITORS
Amounts falling due within one year 49,768 100,066
NET CURRENT ASSETS 235,407 199,625
TOTAL ASSETS LESS CURRENT
LIABILITIES

236,314

200,337

CAPITAL AND RESERVES
Called up share capital 5 19,600 19,600
Share premium 32,402 32,402
Capital redemption reserve 36,400 36,400
Retained earnings 147,912 111,935
SHAREHOLDERS' FUNDS 236,314 200,337

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30th June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 19th August 2024 and were signed on its behalf by:



Mrs K Cove - Director


Q Learning Ltd (Registered number: 03334601)

Notes to the Financial Statements
for the Year Ended 30th June 2024

1. STATUTORY INFORMATION

Q Learning Ltd 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.

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 represents net invoiced sale of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures and fittings - Nil rate of depn
Computer equipment - 33.33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 3 (2023 - 3 ) .

Q Learning Ltd (Registered number: 03334601)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st July 2023 81,379
Additions 526
At 30th June 2024 81,905
DEPRECIATION
At 1st July 2023 80,667
Charge for year 331
At 30th June 2024 80,998
NET BOOK VALUE
At 30th June 2024 907
At 30th June 2023 712

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
19,600 Ordinary £1 18,600 18,600
700 Ordinary A £1 700 700
300 Ordinary B £1 300 300
19,600 19,600

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th June 2024 and 30th June 2023:

30.6.24 30.6.23
£    £   
Mrs K Cove
Balance outstanding at start of year (591 ) 4,015
Amounts advanced - 412
Amounts repaid - (5,018 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (591 )