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REGISTERED NUMBER: 11427349 (England and Wales)










Unaudited Financial Statements for the Year Ended 30 June 2024

for

INTELLIGENCE QUOTIENT SERVICES LIMITED

INTELLIGENCE QUOTIENT SERVICES LIMITED (REGISTERED NUMBER: 11427349)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

INTELLIGENCE QUOTIENT SERVICES LIMITED

Company Information
for the Year Ended 30 June 2024







DIRECTOR: K J White





SECRETARY: Mrs A White





REGISTERED OFFICE: Telegraph House
59 Wolverhampton Road
Stafford
Staffordshire
ST17 4AW





REGISTERED NUMBER: 11427349 (England and Wales)





ACCOUNTANTS: CHEADLES
Chartered Accountants
Telegraph House
59 Wolverhampton Road
Stafford
Staffordshire
ST17 4AW

INTELLIGENCE QUOTIENT SERVICES LIMITED (REGISTERED NUMBER: 11427349)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 510 641

CURRENT ASSETS
Debtors 5 2,618 -
Cash at bank 35,505 74,410
38,123 74,410
CREDITORS
Amounts falling due within one year 6 832 16,858
NET CURRENT ASSETS 37,291 57,552
TOTAL ASSETS LESS CURRENT
LIABILITIES

37,801

58,193

PROVISIONS FOR LIABILITIES 97 109
NET ASSETS 37,704 58,084

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 37,703 58,083
SHAREHOLDERS' FUNDS 37,704 58,084

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 October 2024 and were signed by:





K J White - Director


INTELLIGENCE QUOTIENT SERVICES LIMITED (REGISTERED NUMBER: 11427349)

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


1. STATUTORY INFORMATION

Intelligence Quotient Services 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.

Significant judgements and estimates
Preparation of the financial statements requires management to make significant judgements, estimates and assumptions that affect the amounts reported for the assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year.

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.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 25% on reducing balance

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.

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 1 (2023 - 1 ) .

INTELLIGENCE QUOTIENT SERVICES LIMITED (REGISTERED NUMBER: 11427349)

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


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 599 123 722
DEPRECIATION
At 1 July 2023 27 54 81
Charge for year 114 17 131
At 30 June 2024 141 71 212
NET BOOK VALUE
At 30 June 2024 458 52 510
At 30 June 2023 572 69 641

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 2,618 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors - 60
Taxation and social security - 15,892
Other creditors 832 906
832 16,858

7. ULTIMATE CONTROLLING PARTY

The Company is under the control of the director who owns 100% of the issued share capital.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Intelligence Quotient Services Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Intelligence Quotient Services Limited for the year ended 30 June 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Intelligence Quotient Services Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Intelligence Quotient Services Limited and state those matters that we have agreed to state to the director of Intelligence Quotient Services Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Intelligence Quotient Services Limited and its director for our work or for this report.

It is your duty to ensure that Intelligence Quotient Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Intelligence Quotient Services Limited. You consider that Intelligence Quotient Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Intelligence Quotient Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






CHEADLES
Chartered Accountants
Telegraph House
59 Wolverhampton Road
Stafford
Staffordshire
ST17 4AW


13 October 2024