Company No: 03481304 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	3	550		1,321
		550		1,321
Current assets
Debtors	4	250,303		217,424
Cash at bank and in hand		375,019		314,245
		625,322		531,669
Creditors: amounts falling due within one year	5	( 255,761)		( 171,528)
Net current assets		369,561		360,141
Total assets less current liabilities		370,111		361,462
Provision for liabilities		( 138)		0
Net assets		369,973		361,462
Capital and reserves
Called-up share capital	6	100		100
Profit and loss account		369,873		361,362
Total shareholders' funds		369,973		361,462

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

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Data Q Solutions Ltd (registered number: 03481304) were approved and authorised for issue by the Board of Directors on 29 September 2025. They were signed on its behalf by:

J M Doherty Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Data Q Solutions Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 55 The Lane, Alwoodley, Leeds, LS17 7BX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Revenue from services is recognised as they are delivered.

Employee benefits

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

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Office equipment

3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Tangible assets

	Office equipment		Total
	£		£
Cost
At 01 January 2024	8,762		8,762
At 31 December 2024	8,762		8,762
Accumulated depreciation
At 01 January 2024	7,441		7,441
Charge for the financial year	771		771
At 31 December 2024	8,212		8,212
Net book value
At 31 December 2024	550		550
At 31 December 2023	1,321		1,321

4. Debtors

	2024		2023
	£		£
Trade debtors	191,493		160,483
Prepayments	4,909		0
VAT recoverable	53,901		56,941
	250,303		217,424

5. Creditors: amounts falling due within one year

	2024		2023
	£		£
Bank overdrafts	0		28,420
Trade creditors	154,109		59,177
Amounts owed to directors	27,843		9,977
Accruals	2,289		1,500
Corporation tax	71,520		72,454
	255,761		171,528

6. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
95 Ordinary shares of £ 1.00 each	95		95
5 Ordinary A shares of £ 1.00 each	5		5
	100		100

7. Related party transactions

Transactions with the entity's directors

	2024		2023
	£		£
Directors' loan account	(27,843)		(9,977)

During the financial period, advances of £211,890 were made to the Directors. The Directors made repayments of £239,733. At the end of the financial period, the Company owed £27,843 to the Directors in respect to the Directors' loan account. This amount is disclosed in the Balance Sheet under Creditors.