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REGISTERED NUMBER: 09178550 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31st January 2024

for

IQ GB (UK) Limited

IQ GB (UK) Limited (Registered number: 09178550)






Contents of the Financial Statements
for the year ended 31st January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


IQ GB (UK) Limited

Company Information
for the year ended 31st January 2024







DIRECTORS: G C Thompson
M A Wilkinson
S A Kempson





REGISTERED OFFICE: Black Bull House
353-355 Station Road
Bamber Bridge
Preston
Lancashire
PR5 6EE





REGISTERED NUMBER: 09178550 (England and Wales)





ACCOUNTANTS: Robin Oatridge & Co Limited
Chartered Certified Accountants
Black Bull House
353-355 Station Road
Bamber Bridge
Preston
Lancashire
PR5 6EE

IQ GB (UK) Limited (Registered number: 09178550)

Balance Sheet
31st January 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 100 100
Debtors 5 94,168 23,018
Cash at bank 169,509 243,257
263,777 266,375
CREDITORS
Amounts falling due within one year 6 51,114 83,877
NET CURRENT ASSETS 212,663 182,498
TOTAL ASSETS LESS CURRENT
LIABILITIES

212,663

182,498

CREDITORS
Amounts falling due after more than one
year

7

8,076

18,377
NET ASSETS 204,587 164,121

CAPITAL AND RESERVES
Called up share capital 150 150
Retained earnings 204,437 163,971
SHAREHOLDERS' FUNDS 204,587 164,121

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 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.

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

IQ GB (UK) Limited (Registered number: 09178550)

Balance Sheet - continued
31st January 2024



The financial statements were approved by the Board of Directors and authorised for issue on 21st August 2024 and were signed on its behalf by:





G C Thompson - Director


IQ GB (UK) Limited (Registered number: 09178550)

Notes to the Financial Statements
for the year ended 31st January 2024

1. STATUTORY INFORMATION

IQ GB (UK) 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.

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 at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

IQ GB (UK) Limited (Registered number: 09178550)

Notes to the Financial Statements - continued
for the year ended 31st January 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st February 2023
and 31st January 2024 833
DEPRECIATION
At 1st February 2023
and 31st January 2024 833
NET BOOK VALUE
At 31st January 2024 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 8,168 23,018
Other debtors 86,000 -
94,168 23,018

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,322 10,048
Trade creditors 24,099 50,010
Taxation and social security 14,355 19,842
Other creditors 2,338 3,977
51,114 83,877

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 8,076 18,377

No security was required for the bank loan.

8. RELATED PARTY DISCLOSURES

FWS Developments Limited is a company related by common control. At the balance sheet date, there is a loan outstanding of £86,000 (2023: NIL) from FWS Developments Limited. This loan is repayable on demand and is included in other debtors.

9. ULTIMATE CONTROLLING PARTY

The company was under the control of the directors.