Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 20 February 2023 false 1 January 2024 31 December 2024 31 December 2024 14677306 Mr C M Paton Mrs A J Paton Mrs A J Paton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14677306 2023-12-31 14677306 2024-12-31 14677306 2024-01-01 2024-12-31 14677306 frs-core:CurrentFinancialInstruments 2024-12-31 14677306 frs-core:ShareCapital 2024-12-31 14677306 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 14677306 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 14677306 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 14677306 frs-bus:SmallEntities 2024-01-01 2024-12-31 14677306 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 14677306 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 14677306 frs-core:CostValuation 2023-12-31 14677306 frs-core:CostValuation 2024-12-31 14677306 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 14677306 frs-core:ProvisionsForImpairmentInvestments 2024-12-31 14677306 frs-bus:Director1 2024-01-01 2024-12-31 14677306 frs-bus:Director2 2024-01-01 2024-12-31 14677306 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 14677306 frs-countries:EnglandWales 2024-01-01 2024-12-31 14677306 2023-02-19 14677306 2023-12-31 14677306 2023-02-20 2023-12-31 14677306 frs-core:CurrentFinancialInstruments 2023-12-31 14677306 frs-core:ShareCapital 2023-12-31 14677306 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 14677306
Q-Suito Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 14677306
31 December 2024 31 December 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 75,695 75,695
75,695 75,695
CURRENT ASSETS
Debtors 5 24,792 17,465
Cash at bank and in hand 1,646 5,622
26,438 23,087
Creditors: Amounts Falling Due Within One Year 6 (7,129 ) (6,854 )
NET CURRENT ASSETS (LIABILITIES) 19,309 16,233
TOTAL ASSETS LESS CURRENT LIABILITIES 95,004 91,928
NET ASSETS 95,004 91,928
CAPITAL AND RESERVES
Called up share capital 7 322 322
Profit and Loss Account 94,682 91,606
SHAREHOLDERS' FUNDS 95,004 91,928
For the year ending 31 December 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr C M Paton
Director
Mrs A J Paton
Director
5 May 2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Q-Suito Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14677306 . The registered office is Hillside Farm, Tutwell, Callington, Cornwall, PL17 8LU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the fair value of the considerstion receieved or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be relaibly measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
2.3. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.4. Group accounts not prepared
The financial statements contain information about Q-Suito Limited as an individual company and do not contain consolidated financial information as the parent of the group. The company is exempt under Section 399 (2A)of the Companies Act 2006 from the requirements to prepare consolidated accounts.
2.5. Business combinations
Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.
Page 2
Page 3
2.6. Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investmnents in equity shares with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair valued cannot be measured reliably are measured at cost less impairment. 
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable. 
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Investments
Subsidiaries
£
Cost
As at 1 January 2024 75,695
As at 31 December 2024 75,695
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 75,695
As at 1 January 2024 75,695
Details of undertakings
Details of the investments (including principal place of business) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
Undertakings
Registered Office
Holding
Proportion of voting rights and shares held
2024
2023
Quirk Solutions Limited
Hillside Farm, Tutwell, Callington, Cornwall, PL17 8LU
Ordinary A, B, C, D
95%
95%
Subsidiary Undertakings
Quirk Solutions Limited
The principal activity of the company is that of management consultancy.
5. Debtors
31 December 2024 31 December 2023
£ £
Due within one year
Amounts owed by group undertakings 24,792 17,465
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
31 December 2024 31 December 2023
£ £
Corporation tax 3,919 3,945
Accruals and deferred income 720 1,200
Directors' loan accounts 2,490 1,709
7,129 6,854
7. Share Capital
31 December 2024 31 December 2023
£ £
Allotted, Called up and fully paid 322 322
Page 4