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REGISTERED NUMBER: 04038459 (England and Wales)

















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Quba Digital Limited

Quba Digital Limited (Registered number: 04038459)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Quba Digital Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Mr M Jones
Mr M C Williams





SECRETARY: Mr M C Williams





REGISTERED OFFICE: 38 Carver Street
Sheffield
South Yorkshire
S1 4FS





REGISTERED NUMBER: 04038459 (England and Wales)





ACCOUNTANTS: Sutton McGrath Hartley Ltd
Chartered Accountants
5 Westbrook Court
Sharrowvale Road
Sheffield
South Yorkshire
S11 8YZ

Quba Digital Limited (Registered number: 04038459)

Statement of Financial Position
31 July 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 6,549 2,575
6,549 2,575

CURRENT ASSETS
Debtors 6 390,392 355,866
Cash at bank 155,919 194,137
546,311 550,003
CREDITORS
Amounts falling due within one year 7 283,170 308,454
NET CURRENT ASSETS 263,141 241,549
TOTAL ASSETS LESS CURRENT LIABILITIES 269,690 244,124

CREDITORS
Amounts falling due after more than one
year

8

(9,999

)

(20,000

)

PROVISIONS FOR LIABILITIES (1,244 ) (489 )
NET ASSETS 258,447 223,635

CAPITAL AND RESERVES
Called up share capital 9 107 105
Capital redemption reserve 35 35
Retained earnings 258,305 223,495
SHAREHOLDERS' FUNDS 258,447 223,635

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

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

Quba Digital Limited (Registered number: 04038459)

Statement of Financial Position - continued
31 July 2024


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 Board of Directors and authorised for issue on 28 January 2025 and were signed on its behalf by:





Mr M C Williams - Director


Quba Digital Limited (Registered number: 04038459)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Quba Digital 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.

Intangible assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative
impairment losses.

Computer software was amortised evenly over its useful life.

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 - Straight line over the remaining period
Computer equipment - Straight line over the remaining period

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Quba Digital Limited (Registered number: 04038459)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£
COST
At 1 August 2023
and 31 July 2024 159,152
AMORTISATION
At 1 August 2023
and 31 July 2024 159,152
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 August 2023 45,980
Additions 9,522
Disposals (4,112 )
At 31 July 2024 51,390
DEPRECIATION
At 1 August 2023 43,405
Charge for year 4,385
Eliminated on disposal (2,949 )
At 31 July 2024 44,841
NET BOOK VALUE
At 31 July 2024 6,549
At 31 July 2023 2,575

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 296,724 273,165
Other debtors 93,668 82,701
390,392 355,866

Quba Digital Limited (Registered number: 04038459)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 29,269 40,566
Taxation and social security 86,280 114,672
Other creditors 157,621 143,216
283,170 308,454

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Bank loans 9,999 20,000

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
70,000 Ordinary A 0.1p 70 70
35,000 Ordinary B 0.1p 35 35
1,600 Ordinary C 0.1p 2 -
107 105

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £ £
1,600 Ordinary C Shares Capital 0.1p 2 -

The following shares were issued during the year for cash at par :

1,600 Ordinary C shares of 0.1p