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REGISTERED NUMBER: 12820599 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

XQ TECHNICAL LTD

XQ TECHNICAL LTD (REGISTERED NUMBER: 12820599)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 August 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


XQ TECHNICAL LTD

Company Information
FOR THE YEAR ENDED 31 August 2024







DIRECTOR: Mr H Morrow





REGISTERED OFFICE: 20-22 Wenlock Road
London
N1 7GU





REGISTERED NUMBER: 12820599 (England and Wales)





ACCOUNTANTS: Total Back Office Solutions Limited
4th Floor Radius House
51 Clarendon Road
Watford
Hertfordshire
WD17 1HP

XQ TECHNICAL LTD (REGISTERED NUMBER: 12820599)

Balance Sheet
31 August 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 7,292 2,616

CURRENT ASSETS
Debtors 5 71,573 131,069
Cash at bank and in hand 234,503 142,068
306,076 273,137
CREDITORS
Amounts falling due within one year 6 (54,799 ) (74,049 )
NET CURRENT ASSETS 251,277 199,088
TOTAL ASSETS LESS CURRENT
LIABILITIES

258,569

201,704

PROVISIONS FOR LIABILITIES (1,823 ) (497 )
NET ASSETS 256,746 201,207

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 256,646 201,107
256,746 201,207

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

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

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 director and authorised for issue on 27 May 2025 and were signed by:



Mr H Morrow - Director


XQ TECHNICAL LTD (REGISTERED NUMBER: 12820599)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 August 2024


1. STATUTORY INFORMATION

Xq Technical Ltd 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.
Computer equipment - 33% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 September 2023 - 4,529 4,529
Additions 930 6,147 7,077
At 31 August 2024 930 10,676 11,606
DEPRECIATION
At 1 September 2023 - 1,913 1,913
Charge for year 119 2,282 2,401
At 31 August 2024 119 4,195 4,314
NET BOOK VALUE
At 31 August 2024 811 6,481 7,292
At 31 August 2023 - 2,616 2,616

XQ TECHNICAL LTD (REGISTERED NUMBER: 12820599)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 August 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 68,006 130,986
Other debtors 3,567 83
71,573 131,069

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 618 (82 )
Corporation Tax 50,173 55,958
PAYE/NI (20 ) -
VAT 1,690 9,318
Other Creditors 1,394 8,041
Directors' current accounts 944 814
54,799 74,049

7. RELATED PARTY DISCLOSURES

Included within other creditors is an amount of £943.60 (2023: £813.60) owed to the director, Mr H Morrow.