| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31st December 2024 |
| for |
| QISOFT LIMITED |
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31st December 2024 |
| for |
| QISOFT LIMITED |
| QISOFT LIMITED (REGISTERED NUMBER: 03109102) |
| Contents of the Financial Statements |
| for the Year Ended 31st December 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| QISOFT LIMITED |
| Company Information |
| for the Year Ended 31st December 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 21 Church Street |
| Horbury |
| Wakefield |
| West Yorkshire |
| WF4 6LT |
| QISOFT LIMITED (REGISTERED NUMBER: 03109102) |
| Balance Sheet |
| 31st December 2024 |
| 31/12/24 | 31/12/23 |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Investments | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Capital redemption reserve |
| Retained earnings |
| 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. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| QISOFT LIMITED (REGISTERED NUMBER: 03109102) |
| Notes to the Financial Statements |
| for the Year Ended 31st December 2024 |
| 1. | STATUTORY INFORMATION |
| QiSoft Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Preparation of consolidated financial statements |
| The financial statements contain information about QiSoft Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at 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 |
| 4. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST OR VALUATION |
| At 1st January 2024 |
| Revaluations | ( |
) |
| At 31st December 2024 |
| NET BOOK VALUE |
| At 31st December 2024 |
| At 31st December 2023 |
| QISOFT LIMITED (REGISTERED NUMBER: 03109102) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st December 2024 |
| 4. | FIXED ASSET INVESTMENTS - continued |
| Cost or valuation at 31st December 2024 is represented by: |
| Shares in |
| group |
| undertakings |
| £ |
| Valuation in 2020 | 1,482 |
| Valuation in 2021 | (2 | ) |
| Valuation in 2022 | 876 |
| Valuation in 2023 | 407 |
| Valuation in 2024 | (683 | ) |
| Cost | 5,907 |
| 7,987 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31/12/24 | 31/12/23 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Prepayments and accrued income |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31/12/24 | 31/12/23 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Social security and other taxes |
| VAT | 8,704 | 9,001 |
| Other creditors |
| Accrued expenses |
| 7. | OTHER FINANCIAL COMMITMENTS |
| The total amount of financial commitments that are not included on the balance sheet is £18,115 (2023: £24,227). |
| QISOFT LIMITED (REGISTERED NUMBER: 03109102) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st December 2024 |
| 8. | RELATED PARTY DISCLOSURES |
| QiSoft USA |
| Wholly owned subsidiary |
| At the Balance Sheet date the following balances existed: |
| 2024 | 2023 |
| Included in Loans from Group Undertakings - Debtor | £nil | £11,021 |
| Included in Loans from Group Undertakings - Creditor | £16,467 | £nil |
| No interest is charged on these amounts and there are no fixed terms for repayment. |