Acorah Software Products - Accounts Production 16.5.460 false true 30 June 2024 1 July 2023 false 1 July 2024 30 June 2025 30 June 2025 05483281 Mr Stuart Lambert Mrs Laura Lambert iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05483281 2024-06-30 05483281 2025-06-30 05483281 2024-07-01 2025-06-30 05483281 frs-core:CurrentFinancialInstruments 2025-06-30 05483281 frs-core:ComputerEquipment 2025-06-30 05483281 frs-core:ComputerEquipment 2024-07-01 2025-06-30 05483281 frs-core:ComputerEquipment 2024-06-30 05483281 frs-core:FurnitureFittings 2025-06-30 05483281 frs-core:FurnitureFittings 2024-07-01 2025-06-30 05483281 frs-core:FurnitureFittings 2024-06-30 05483281 frs-core:OtherReservesSubtotal 2025-06-30 05483281 frs-core:ShareCapital 2025-06-30 05483281 frs-core:RetainedEarningsAccumulatedLosses 2025-06-30 05483281 frs-bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 05483281 frs-bus:FilletedAccounts 2024-07-01 2025-06-30 05483281 frs-bus:SmallEntities 2024-07-01 2025-06-30 05483281 frs-bus:AuditExempt-NoAccountantsReport 2024-07-01 2025-06-30 05483281 frs-bus:SmallCompaniesRegimeForAccounts 2024-07-01 2025-06-30 05483281 frs-bus:Director1 2024-07-01 2025-06-30 05483281 frs-bus:Director2 2024-07-01 2025-06-30 05483281 frs-countries:EnglandWales 2024-07-01 2025-06-30 05483281 2023-06-30 05483281 2024-06-30 05483281 2023-07-01 2024-06-30 05483281 frs-core:CurrentFinancialInstruments 2024-06-30 05483281 frs-core:OtherReservesSubtotal 2024-06-30 05483281 frs-core:ShareCapital 2024-06-30 05483281 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 05483281 frs-core:CurrentFinancialInstruments 1 2024-06-30
Registered number: 05483281
Qology Limited
Unaudited Financial Statements
For The Year Ended 30 June 2025
Tasker Osman & Co
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 05483281
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,397 1,862
1,397 1,862
CURRENT ASSETS
Debtors 5 - 2,801
Cash at bank and in hand 33,353 41,867
33,353 44,668
Creditors: Amounts Falling Due Within One Year 6 (38,300 ) (42,030 )
NET CURRENT ASSETS (LIABILITIES) (4,947 ) 2,638
TOTAL ASSETS LESS CURRENT LIABILITIES (3,550 ) 4,500
NET (LIABILITIES)/ASSETS (3,550 ) 4,500
CAPITAL AND RESERVES
Called up share capital 7 4 4
Other reserves (113,807 ) (113,807 )
Profit and Loss Account 110,253 118,303
SHAREHOLDERS' FUNDS (3,550) 4,500
Page 1
Page 2
For the year ending 30 June 2025 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Stuart Lambert
Director
24/09/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Qology Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05483281 . The registered office is Cohub, 1 Commercial Road, Eastbourne, East Sussex, BN21 3XQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25%
Computer Equipment 25%
2.3. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 July 2024 6,931 21,497 28,428
As at 30 June 2025 6,931 21,497 28,428
Depreciation
As at 1 July 2024 6,834 19,732 26,566
Provided during the period 24 441 465
As at 30 June 2025 6,858 20,173 27,031
...CONTINUED
Page 3
Page 4
Net Book Value
As at 30 June 2025 73 1,324 1,397
As at 1 July 2024 97 1,765 1,862
5. Debtors
2025 2024
£ £
Due within one year
Other debtors - 2,699
VAT - 102
- 2,801
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors - 617
Bank loans and overdrafts 32,879 36,444
Corporation tax 119 185
Other creditors - 750
Credit Cards - 1,566
Accruals and deferred income 1,250 1,250
Directors' loan accounts 4,052 1,218
38,300 42,030
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 4 4
Page 4