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DE-Q2C LTD

Registered Number
13746304
(England and Wales)

Unaudited Financial Statements for the Year ended
30 November 2024

DE-Q2C LTD
Company Information
for the year from 1 December 2023 to 30 November 2024

Director

EDWARDS, David Philip

Registered Address

6 Edison Village
Nottingham Science And Technology Park
Nottingham
NG7 2RF

Registered Number

13746304 (England and Wales)
DE-Q2C LTD
Balance Sheet as at
30 November 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets4304405
304405
Current assets
Debtors513,681-
Cash at bank and on hand17,28217,187
30,96317,187
Creditors amounts falling due within one year6(7,110)(7,861)
Net current assets (liabilities)23,8539,326
Total assets less current liabilities24,1579,731
Provisions for liabilities7(58)-
Net assets24,0999,731
Capital and reserves
Called up share capital11
Profit and loss account24,0989,730
Shareholders' funds24,0999,731
The financial statements were approved and authorised for issue by the Director on 20 March 2025, and are signed on its behalf by:
EDWARDS, David Philip
Director
Registered Company No. 13746304
DE-Q2C LTD
Notes to the Financial Statements
for the year ended 30 November 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Office Equipment25
2.Average number of employees

20242023
Average number of employees during the year11
3.Deferred tax
Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.
4.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 December 23720720
At 30 November 24720720
Depreciation and impairment
At 01 December 23315315
Charge for year101101
At 30 November 24416416
Net book value
At 30 November 24304304
At 30 November 23405405
5.Debtors: amounts due within one year

2024

2023

££
Prepayments and accrued income13,681-
Total13,681-
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables35118
Amounts owed to related parties14918
Taxation and social security6,9267,725
Total7,1107,861
7.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)58-
Total58-
8.Related party transactions
During the year, interest free loans were made available to the company by the directors. These totalled £149 at the year end. (2023: £18)