Company registration number: 14756788
Unaudited financial statements
for the period ended 31 December 2023
for
QED VERIFY LIMITED
Pages for filing with the Registrar
Company registration number: 14756788
QED VERIFY LIMITED
Balance sheet
as at 31 December 2023
Note £ £
Fixed assets
Intangible assets 4 24,321
24,321
Current assets
Debtors 7,901
Cash at bank and in hand 243
8,144
Creditors: amounts falling due within
one year
(127,995)
Net current liabilities (119,851)
Total assets less current liabilities (95,530)
NET LIABILITIES (95,530)
Capital and reserves
Profit and loss account (95,530)
TOTAL EQUITY (95,530)
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the period ended 31 December 2023.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 14756788
QED VERIFY LIMITED
Balance sheet - continued
as at 31 December 2023
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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr A Sharpe, Director
2 August 2024
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QED VERIFY LIMITED
Notes to the financial statements
for the period ended 31 December 2023
1 Company information
The company is registered in England and Wales. Its registered number is 14756788. The company is limited by shares. Its registered office is Birches Corner, Heron Gate, Taunton, TA1 2LP.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Development costs - 10% straight line
Research and development
Expenditure on research and development is written off in the period in which it is incurred.
3 Average number of employees
During the period the average number of employees was 1.
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QED VERIFY LIMITED
Notes to the financial statements - continued
for the period ended 31 December 2023
4 Intangible assets
Other
intangible
assets
£
Cost
Additions 24,560
At 31 December 2023 24,560
Amortisation
Charge for period 239
At 31 December 2023 239
Net book value
At 31 December 2023 24,321
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