IQ Data Group Limited
Unaudited Financial Statements
For the year ended 31 December 2024
Pages for Filing with Registrar
Company Registration No. 09900834 (England and Wales)
IQ Data Group Limited
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
IQ Data Group Limited
Balance Sheet
As at 31 December 2024
Page 1
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
10,863
14,972
Current assets
Debtors
5
622,092
411,791
Cash at bank and in hand
741,822
998,119
1,363,914
1,409,910
Creditors: amounts falling due within one year
6
(1,169,625)
(904,350)
Net current assets
194,289
505,560
Total assets less current liabilities
205,152
520,532
Creditors: amounts falling due after more than one year
7
(25,000)
(55,000)
Net assets
180,152
465,532
Capital and reserves
Called up share capital
8
28,044
28,044
Share premium account
296,973
296,973
Profit and loss reserves
(144,865)
140,515
Total equity
180,152
465,532

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

IQ Data Group Limited
Balance Sheet (Continued)
As at 31 December 2024
Page 2
The financial statements were approved by the board of directors and authorised for issue on 11 August 2025 and are signed on its behalf by:
A Gregory
Director
Company Registration No. 09900834
IQ Data Group Limited
Notes to the Financial Statements
For the year ended 31 December 2024
Page 3
1
Accounting policies
Company information

IQ Data Group Limited is a private company limited by shares incorporated in England and Wales. The registered office is Charlotte Building, 17 Gresse Street, London, W1T 1QL.

1.1
Accounting convention

These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the balance sheet date the company had net assets of £180,152 (2023: £465,532). The company profit level has truedecreased from the previous year. The company has sufficient cash reserves at the date of approval of the financial statements, and therefore the directors believe that the company will be able to continue in business and meet its liabilities as they fall due for a period of at least twelve months from the date of approval of the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided

in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

DataIQ the trading business of IQ Data Group is a membership business which has two categories of members. Firstly, Corporate Members which are Global, FTSE 100, large and mid-market end user organisations and secondly, Partner Members who are technology vendors, service providers, agencies and consultancies. Sources of revenue for both types of members are invoiced annually in advance and recognised straight line over the period they relate to through which membership services are provided.

1.4
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

 

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Software
33% straight line basis
IQ Data Group Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
1
Accounting policies
(Continued)
Page 4
1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
25% straight line basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Impairment of fixed assets

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The Company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

 

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

IQ Data Group Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
1
Accounting policies
(Continued)
Page 5
1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.13
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 22 (2023 - 19).

IQ Data Group Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
Page 6
3
Intangible fixed assets
Software
£
Cost
At 1 January 2024
49,550
Disposals
(49,550)
At 31 December 2024
-
0
Amortisation and impairment
At 1 January 2024
49,550
Disposals
(49,550)
At 31 December 2024
-
0
Carrying amount
At 31 December 2024
-
0
At 31 December 2023
-
0
4
Tangible fixed assets
Computer Equipment
£
Cost
At 1 January 2024
37,096
Additions
2,649
At 31 December 2024
39,745
Depreciation and impairment
At 1 January 2024
22,124
Depreciation charged in the year
6,758
At 31 December 2024
28,882
Carrying amount
At 31 December 2024
10,863
At 31 December 2023
14,972
IQ Data Group Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
Page 7
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
472,190
307,701
Other debtors
40,838
44,659
Prepayments and accrued income
109,064
59,431
622,092
411,791
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
30,000
30,000
Trade creditors
50,549
44,153
Corporation tax
-
0
19,137
Other taxation and social security
145,156
59,596
Accruals and deferred income
943,920
751,464
1,169,625
904,350
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
25,000
55,000

Long term loans are secured by way of fixed and floating charges over all assets and undertakings of IQ Data Group Limited.

8
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary Shares of £1 each
28,044
28,044
28,044
28,044
9
Ultimate controlling party

The company is controlled by A Gregory, director, by virtue of his majority shareholding.

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