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REGISTERED NUMBER: 14082629 (England and Wales)















COMBAT IQ LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024






COMBAT IQ LIMITED (REGISTERED NUMBER: 14082629)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COMBAT IQ LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: Mr T Malik





REGISTERED OFFICE: 39 Alma Road
St Albans
United Kingdom
Hertfordshire
AL1 3AT





REGISTERED NUMBER: 14082629 (England and Wales)





ACCOUNTANTS: Spurling Cannon
Chartered Certified Accountants
424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ

COMBAT IQ LIMITED (REGISTERED NUMBER: 14082629)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 4,252 1,063

CURRENT ASSETS
Debtors 5 5,731 3,073
Cash at bank 1,193 100,815
6,924 103,888
CREDITORS
Amounts falling due within one year 6 (166,871 ) (2,417 )
NET CURRENT (LIABILITIES)/ASSETS (159,947 ) 101,471
TOTAL ASSETS LESS CURRENT
LIABILITIES

(155,695

)

102,534

CREDITORS
Amounts falling due after more than one year 7 (87,264 ) (83,161 )
NET (LIABILITIES)/ASSETS (242,959 ) 19,373

CAPITAL AND RESERVES
Called up share capital 8 231 217
Share premium 9 185,626 175,640
Retained earnings 9 (428,816 ) (156,484 )
SHAREHOLDERS' FUNDS (242,959 ) 19,373

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

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

COMBAT IQ LIMITED (REGISTERED NUMBER: 14082629)

BALANCE SHEET - continued
31 MAY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 September 2024 and were signed by:





Mr T Malik - Director


COMBAT IQ LIMITED (REGISTERED NUMBER: 14082629)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Combat Iq 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 1 ).

COMBAT IQ LIMITED (REGISTERED NUMBER: 14082629)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 June 2023 1,458
Additions 4,820
Disposals (130 )
At 31 May 2024 6,148
DEPRECIATION
At 1 June 2023 395
Charge for year 1,536
Eliminated on disposal (35 )
At 31 May 2024 1,896
NET BOOK VALUE
At 31 May 2024 4,252
At 31 May 2023 1,063

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 981 -
Sundry debtors 2,500 -
Directors' current accounts 2,018 1,695
Called up share capital not paid 180 180
Prepayments 52 1,198
5,731 3,073

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Sundry creditors 142,111 1,219
Loan - Vincent Buhler 23,500 -
Accrued expenses 1,260 1,198
166,871 2,417

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 87,264 83,161

COMBAT IQ LIMITED (REGISTERED NUMBER: 14082629)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2,307,377 Ordinary share 0.000 1 231 217

9. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 June 2023 (156,484 ) 175,626 19,142
Deficit for the year (272,332 ) (272,332 )
Cash share issue - 10,000 10,000
At 31 May 2024 (428,816 ) 185,626 (243,190 )