2023-11-012024-10-312024-10-31false11601304IQW BUSINESS 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IQW BUSINESS LTD

Registered Number
11601304
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2024

IQW BUSINESS LTD
Company Information
for the year from 1 November 2023 to 31 October 2024

Director

LI, Hao

Registered Address

8 Central Parade
High Street
London
SE20 7TN

Registered Number

11601304 (England and Wales)
IQW BUSINESS LTD
Balance Sheet as at
31 October 2024

Notes

2024

2023

£

£

£

£

Current assets
Debtors-510
Cash at bank and on hand15,7679,914
15,76710,424
Creditors amounts falling due within one year3(49,116)(27,126)
Net current assets (liabilities)(33,349)(16,702)
Total assets less current liabilities(33,349)(16,702)
Creditors amounts falling due after one year4(15,717)(26,269)
Net assets(49,066)(42,971)
Capital and reserves
Called up share capital100100
Profit and loss account(49,166)(43,071)
Shareholders' funds(49,066)(42,971)
The financial statements were approved and authorised for issue by the Director on 24 July 2025, and are signed on its behalf by:
LI, Hao
Director
Registered Company No. 11601304
IQW BUSINESS LTD
Notes to the Financial Statements
for the year ended 31 October 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 105, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
2.Average number of employees

20242023
Average number of employees during the year11
3.Creditors: amounts due within one year

2024

2023

££
Other creditors48,15626,646
Accrued liabilities and deferred income960480
Total49,11627,126
Other Creditors is made of Director's loan.
4.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts15,71726,269
Total15,71726,269
5.Share capital
100 Ordinary shares of £1 each .