Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false true No description of principal activity 1 June 2023 31 May 2024 31 May 2024 10783733 Mr Efosa Ibizugbe Mrs Oghenevize Ibizugbe iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10783733 2023-05-31 10783733 2024-05-31 10783733 2023-06-01 2024-05-31 10783733 frs-core:CurrentFinancialInstruments 2024-05-31 10783733 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10783733 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 10783733 frs-bus:Micro-entities 2023-06-01 2024-05-31 10783733 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 10783733 frs-bus:Director1 2023-06-01 2024-05-31 10783733 frs-bus:Director1 2023-05-31 10783733 frs-bus:Director1 2024-05-31 10783733 frs-bus:Director2 2023-06-01 2024-05-31 10783733 frs-bus:Director2 2023-05-31 10783733 frs-bus:Director2 2024-05-31 10783733 2022-05-31 10783733 2023-05-31 10783733 2022-06-01 2023-05-31 10783733 frs-core:CurrentFinancialInstruments 2023-05-31
Registered number: 10783733
PhaseQ Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Balance Sheet
Registered number: 10783733
2024 2023
£ £
Fixed assets 3,248 2,800
Current assets 172,676 174,190
Creditors: Amounts Falling Due Within One Year (43,334 ) (39,220 )
NET CURRENT ASSETS 129,342 134,970
TOTAL ASSETS LESS CURRENT LIABILITIES 132,590 137,770
Accruals and deferred income 13,972 -
NET ASSETS 146,562 137,770
CAPITAL AND RESERVES 146,562 137,770

Notes

1. General Information
PhaseQ Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10783733 . The registered office is Belmont Suite, Paragon Business Park, Chorley New Road, Horwich, Bolton, BL6 6HG.
2. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
3. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 June 2023 Amounts advanced Amounts repaid Amounts written off As at 31 May 2024
£ £ £ £ £
Mr Efosa Ibizugbe 82,591 33,510 - - 116,101
Mrs Oghenevize Ibizugbe 62,253 - 11,692 - 50,561
The above loans are unsecured and repayable on demand.
Page 0
Page 1
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board
Mr Efosa Ibizugbe
Director
21/02/2025