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REGISTERED NUMBER: 07877335















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

QUOTEVINE LIMITED

QUOTEVINE LIMITED (REGISTERED NUMBER: 07877335)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


QUOTEVINE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: S D Clarke
D J K H Layne





REGISTERED OFFICE: Unit A
45 St Peters Street
Bedford
Bedfordshire
MK40 2FL





REGISTERED NUMBER: 07877335





ACCOUNTANTS: Digital Tax Matters Limited
27 St. Cuthberts Street
Bedford
Bedfordshire
MK40 3JG

QUOTEVINE LIMITED (REGISTERED NUMBER: 07877335)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 61,934 67,123

CURRENT ASSETS
Debtors 5 137,774 168,314
Cash at bank 6 709,971 647,055
847,745 815,369
CREDITORS
Amounts falling due within one year 7 306,528 501,162
NET CURRENT ASSETS 541,217 314,207
TOTAL ASSETS LESS CURRENT
LIABILITIES

603,151

381,330

CREDITORS
Amounts falling due after more than one
year

8

12,500

12,512
NET ASSETS 590,651 368,818

CAPITAL AND RESERVES
Called up share capital 9 22 22
Share premium 3,888,057 3,888,057
Retained earnings (3,297,428 ) (3,519,261 )
590,651 368,818

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

QUOTEVINE LIMITED (REGISTERED NUMBER: 07877335)

BALANCE SHEET - continued
31 DECEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 May 2025 and were signed on its behalf by:





D J K H Layne - Director


QUOTEVINE LIMITED (REGISTERED NUMBER: 07877335)

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


1. STATUTORY INFORMATION

Quotevine Limited is a private company, limited by shares, registered in England and Wales, registration number 07877335. The registered office address is Unit A, 45 St Peters Street, Bedford, Bedfordshire, MK40 2FL.

The principal activity of the company continued to be that of providing cloud native software for the Automotive and Asset Finance sectors.

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
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The company generates substantially the majority of its revenue from subscription services, which comprise of subscription fees from customers. Subscription service arrangements are generally non-cancellable and do not provide refunds to customers in the event of cancellations or any other right of return.

Revenue from subscriptions is recognised on a rateable basis over the contractual subscription term of the arrangement beginning on the date that our service is made available to the customer. Invoices raised in advance of services being rendered are recorded as deferred income.

Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives. Depreciation is provided on the following basis:

Leasehold improvements - Over the term of the lease
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Assets that are expected to either appreciate or remains the same have a zero-depreciation rate.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Financial instruments
The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors, trade and other creditors, and loans with related parties.


QUOTEVINE LIMITED (REGISTERED NUMBER: 07877335)

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


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Cash
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Foreign currency translation
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non- monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses that relate to borrowings and cash are presented in the profit and loss account within 'administrative expenses'. All other foreign exchange gains and losses are presented in profit or loss.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors
Debtors are initially recognised at the transaction price, less any impairment. An impairment review is conducted at each reporting date, and any irrecoverable amounts are written off to profit or loss.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

QUOTEVINE LIMITED (REGISTERED NUMBER: 07877335)

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


2. ACCOUNTING POLICIES - continued

Interest income
Interest income is recognised in profit or loss using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 17 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 January 2024 82,592 7,474 96,599 186,665
Additions - 14,381 324 14,705
At 31 December 2024 82,592 21,855 96,923 201,370
DEPRECIATION
At 1 January 2024 33,338 5,608 80,596 119,542
Charge for year 7,015 1,760 11,119 19,894
At 31 December 2024 40,353 7,368 91,715 139,436
NET BOOK VALUE
At 31 December 2024 42,239 14,487 5,208 61,934
At 31 December 2023 49,254 1,866 16,003 67,123

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 62,331 89,638
Other debtors 350 -
Prepayments and accrued income 67,093 70,676
129,774 160,314

Amounts falling due after more than one year:
Other debtors 8,000 8,000

Aggregate amounts 137,774 168,314

6. CASH AT BANK
2024 2023
£    £   
Bank balance 709,971 647,055

QUOTEVINE LIMITED (REGISTERED NUMBER: 07877335)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 54,135 87,419
Taxation and social security 69,727 54,223
Other creditors 15,932 71,916
Accruals and deferred income 166,734 287,604
306,528 501,162

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 12,500 12,512

9. CALLED UP SHARE CAPITAL

Ordinary share capital Issued and fully
paid

2024

2023

2024

2023
Number Number £    £   

A Ordinary of £0.00001p each 64,000 64,000 1 1
B Ordinary of £0.00001p each 963,725 963,725 10 10
C1 Ordinary of £0.00001p each 35,000 35,000 - -
C2 Ordinary of £0.00001p each 185,275 185,275 2 2
D Ordinary of £0.00001p each 85,000 85,000 1 1
E1 Ordinary of £0.00001p each 778,947 778,947 7 7
E2 Ordinary of £0.00001p each 86,550 86,550 1 1
2,198,497 2,198,497 22 22

A Ordinary shares, B Ordinary shares, C1 Ordinary shares, C2 Ordinary shares, E1 Ordinary shares and E2
ordinary shares all have one vote per share, the right to participate in a dividend distribution and the right to
participate in a capital distribution.

D Ordinary shares do not hold any voting rights but have the right to participate in a dividend and the right to
participate in a capital distribution.

10. SHARE BASED PAYMENTS

The company has granted share options totalling 88,000 C2 Ordinary shares. The exercise price applying to these options are £0.03 per share.

At the year end, the conditions around the exercise had not been met so all options remained outstanding