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Company No: 01940428 (England and Wales)

BQT SOLUTIONS (UK) LIMITED

Financial Statements
For the financial year ended 30 June 2024
Pages for filing with the registrar

BQT SOLUTIONS (UK) LIMITED

Financial Statements

For the financial year ended 30 June 2024

Contents

BQT SOLUTIONS (UK) LIMITED

COMPANY INFORMATION

For the financial year ended 30 June 2024
BQT SOLUTIONS (UK) LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 June 2024
DIRECTORS Robert Andrew Broomfield (Resigned 04 April 2024)
Neville Wayne Joyce
Malcolm Peter Maginnis (Appointed 04 April 2024)
REGISTERED OFFICE Unit 2 Birch Business Park
Whittle Lane
Heywood
Greater Manchester
OL10 2SX
United Kingdom
COMPANY NUMBER 01940428 (England and Wales)
AUDITOR Dixon Wilson Audit Services LLP
Statutory Auditor
22 Chancery Lane
London
WC2A 1LS
BQT SOLUTIONS (UK) LIMITED

BALANCE SHEET

As at 30 June 2024
BQT SOLUTIONS (UK) LIMITED

BALANCE SHEET (continued)

As at 30 June 2024
Note 2024 2023
£ £
Current assets
Debtors 3 80,176 88,683
Cash at bank and in hand 1,517 0
81,693 88,683
Creditors: amounts falling due within one year 4 ( 142,596) ( 19,647)
Net current (liabilities)/assets (60,903) 69,036
Total assets less current liabilities (60,903) 69,036
Net (liabilities)/assets ( 60,903) 69,036
Capital and reserves
Called-up share capital 5 34,547 34,547
Capital redemption reserve 60,000 60,000
Profit and loss account ( 155,450 ) ( 25,511 )
Total shareholder's (deficit)/funds ( 60,903) 69,036

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of BQT Solutions (UK) Limited (registered number: 01940428) were approved and authorised for issue by the Board of Directors on 25 March 2025. They were signed on its behalf by:

Neville Wayne Joyce
Director
BQT SOLUTIONS (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
BQT SOLUTIONS (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

BQT Solutions (UK) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is Unit 2 Birch Business Park, Whittle Lane, Heywood, Greater Manchester, OL10 2SX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

These financial statements have been prepared on a basis 'Other than a going concern'. The Director has at the time of approving the financial statements agreed that the company will be wound down and expect that this will happen in one to two years from sign off. Thus, it is not appropriate to adopt the going concern basis of accounting in preparing the financial statements. No non-current liabilities have been reclassified and no provisions have been recognised in the accounts following the change in accounting policy.

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the company during the year, including directors 2 2

3. Debtors

2024 2023
£ £
Amounts owed by group undertakings 79,075 88,683
VAT recoverable 1,101 0
80,176 88,683

4. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 0 8,700
Amounts owed to group undertakings 133,146 3,347
Accruals 9,450 7,600
142,596 19,647

5. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
3,454,700 Ordinary shares shares of £ 0.01 each 34,547 34,547

6. Audit Opinion

The auditor's report on the accounts for the financial year ended 30 June 2024 was unqualified.

The audit report was signed by Steven Wakefield on behalf of Dixon Wilson Audit Services LLP.

7. Ultimate controlling party

AVA Risk Group Ltd is the parent undertaking of the smallest and largest group which consolidates the financial information of the Company. Copies of the Group's financial statements may be obtained from AVA Risk Group Ltd (https://www.theavagroup.com).