Acorah Software Products - Accounts Production 15.0.600 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 10826076 Mr Gabriele Marinello iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10826076 2023-06-30 10826076 2024-06-30 10826076 2023-07-01 2024-06-30 10826076 frs-core:CurrentFinancialInstruments 2024-06-30 10826076 frs-core:ComputerEquipment 2024-06-30 10826076 frs-core:ComputerEquipment 2023-07-01 2024-06-30 10826076 frs-core:ComputerEquipment 2023-06-30 10826076 frs-core:SharePremium 2024-06-30 10826076 frs-core:ShareCapital 2024-06-30 10826076 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 10826076 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 10826076 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 10826076 frs-bus:SmallEntities 2023-07-01 2024-06-30 10826076 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 10826076 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 10826076 frs-bus:Director1 2023-07-01 2024-06-30 10826076 frs-countries:EnglandWales 2023-07-01 2024-06-30 10826076 2022-06-30 10826076 2023-06-30 10826076 2022-07-01 2023-06-30 10826076 frs-core:CurrentFinancialInstruments 2023-06-30 10826076 frs-core:SharePremium 2023-06-30 10826076 frs-core:ShareCapital 2023-06-30 10826076 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 10826076
Qeios Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10826076
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,496 3,984
2,496 3,984
CURRENT ASSETS
Debtors 5 10,889 425
Cash at bank and in hand 22,215 37,397
33,104 37,822
Creditors: Amounts Falling Due Within One Year 6 (5,315 ) (7,342 )
NET CURRENT ASSETS (LIABILITIES) 27,789 30,480
TOTAL ASSETS LESS CURRENT LIABILITIES 30,285 34,464
NET ASSETS 30,285 34,464
CAPITAL AND RESERVES
Called up share capital 7 12,312 12,300
Share premium account 205,653 195,603
Profit and Loss Account (187,680 ) (173,439 )
SHAREHOLDERS' FUNDS 30,285 34,464
Page 1
Page 2
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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
Mr Gabriele Marinello
Director
24 September 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Qeios Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10826076 . The registered office is Flat 9, Avenue Studios, Sydney Mews, London, SW3 6HW.
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.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 25% Straight Line
2.4. Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 July 2023 5,951
As at 30 June 2024 5,951
Depreciation
As at 1 July 2023 1,967
Provided during the period 1,488
As at 30 June 2024 3,455
Net Book Value
As at 30 June 2024 2,496
As at 1 July 2023 3,984
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Page 4
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 10,040 60
VAT 849 365
10,889 425
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 561 822
Director's loan account 4,754 6,520
5,315 7,342
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 12,312 12,300
Page 4