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Company Registration No. 13705246 (England and Wales)
Qualicon Global Ltd Unaudited accounts for the year ended 31 October 2024
Qualicon Global Ltd Unaudited accounts Contents
Page
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Qualicon Global Ltd Company Information for the year ended 31 October 2024
Directors
Alex Deane Anthony McGaw
Company Number
13705246 (England and Wales)
Registered Office
Tog East Side Kings Cross Station Kings Cross London N1C 4AX United Kingdom
Accountants
Arandur Accounting Limited 3 Mersey Road Worthing West Sussex BN13 3NQ
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Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Qualicon Global Ltd for the year ended 31 October 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Qualicon Global Ltd for the year ended 31 October 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
This report is made solely to the Board of Directors of Qualicon Global Ltd, as a body, in accordance with the terms of our engagement letter dated 30 March 2022. Our work has been undertaken solely to prepare for your approval the accounts of Qualicon Global Ltd and state those matters that we have agreed to state to the Board of Directors of Qualicon Global Ltd, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Qualicon Global Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Qualicon Global Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Qualicon Global Ltd. You consider that Qualicon Global Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Qualicon Global Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Arandur Accounting Limited Member in Practice 3 Mersey Road Worthing West Sussex BN13 3NQ 28 July 2025
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Qualicon Global Ltd Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
118,026 
- 
Tangible assets
1,664 
2,269 
119,690 
2,269 
Current assets
Debtors
28,085 
11,017 
Cash at bank and in hand
120,754 
144,171 
148,839 
155,188 
Creditors: amounts falling due within one year
(227,477)
(129,847)
Net current (liabilities)/assets
(78,638)
25,341 
Net assets
41,052 
27,610 
Capital and reserves
Called up share capital
4 
4 
Profit and loss account
41,048 
27,606 
Shareholders' funds
41,052 
27,610 
For the year ending 31 October 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 July 2025 and were signed on its behalf by
Alex Deane Director Company Registration No. 13705246
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Qualicon Global Ltd Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Qualicon Global Ltd is a private company, limited by shares, registered in England and Wales, registration number 13705246. The registered office is Tog East Side, Kings Cross Station Kings Cross, London, N1C 4AX, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 October 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 November 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets. In preparing these financial statements, the directors have made the following judgements: Capitalisation of development costs: The directors have assessed whether the criteria for capitalisation under FRS 102 Section 18 have been met for development expenditure. This includes evaluating the technical feasibility, intention and ability to complete the project, and the likelihood of generating future economic benefits. Useful economic life of intangible assets: The company amortises development costs over a period of 3 to 5 years. The directors review this estimate annually based on the expected commercial life of the certification system.
Going concern
The financial statements have been prepared on a going concern basis. The directors have reviewed the company’s forecasts and projections and have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
4
Other tangible fixed assets
5
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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Qualicon Global Ltd Notes to the Accounts for the year ended 31 October 2024
Intangible fixed assets
Development costs are recognised as intangible assets when all of the following conditions are met: - The project is clearly defined and the related expenditure is separately identifiable; - The technical feasibility of completing the intangible asset so that it will be available for use or sale is demonstrated; - The intention to complete the intangible asset and use or sell it is established; - The ability to use or sell the intangible asset is demonstrated; - It is probable that the asset will generate future economic benefits; and - Adequate technical, financial and other resources are available to complete the development and to use or sell the intangible asset. Development costs that meet the above criteria are capitalised and amortised on a straight-line basis over their estimated useful economic life, which is typically 3 to 5 years, commencing when the asset is available for use. If the criteria are not met, development expenditure is recognised as an expense in the period in which it is incurred. The development costs capitalised by the company relate to the creation and enhancement of a proprietary professional certification system, including platform development, content creation, and associated infrastructure. The carrying value of capitalised development costs is reviewed for indicators of impairment at each reporting date and written down to the recoverable amount if impaired
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 November 2023
- 
Additions
135,869 
At 31 October 2024
135,869 
Amortisation
At 1 November 2023
- 
Charge for the year
17,843 
At 31 October 2024
17,843 
Net book value
At 31 October 2024
118,026 
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Qualicon Global Ltd Notes to the Accounts for the year ended 31 October 2024
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 November 2023
3,056 
Additions
383 
At 31 October 2024
3,439 
Depreciation
At 1 November 2023
787 
Charge for the year
988 
At 31 October 2024
1,775 
Net book value
At 31 October 2024
1,664 
At 31 October 2023
2,269 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
6,588 
6,763 
Trade debtors
13,425 
4,250 
Other debtors
8,072 
4 
28,085 
11,017 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
4,311 
17,071 
Taxes and social security
9,707 
9,621 
Deferred income
213,459 
103,155 
227,477 
129,847 
8
Transactions with related parties
The company has taken advantage of the exemption under FRS 102 Section 33.1A from disclosing transactions with wholly owned group entities. There were no other related party transactions requiring disclosure in the year (2023: none).
9
Post balance sheet events
There have been no significant events affecting the company since the balance sheet date which require disclosure in these financial statements.
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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