Acorah Software Products - Accounts Production 16.4.675 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 10513956 Ms Khadija Masbali iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10513956 2023-12-31 10513956 2024-12-31 10513956 2024-01-01 2024-12-31 10513956 frs-core:Non-currentFinancialInstruments 2024-12-31 10513956 frs-core:ComputerEquipment 2024-12-31 10513956 frs-core:ComputerEquipment 2024-01-01 2024-12-31 10513956 frs-core:ComputerEquipment 2023-12-31 10513956 frs-core:FurnitureFittings 2024-01-01 2024-12-31 10513956 frs-core:PlantMachinery 2024-12-31 10513956 frs-core:PlantMachinery 2024-01-01 2024-12-31 10513956 frs-core:PlantMachinery 2023-12-31 10513956 frs-core:ShareCapital 2024-12-31 10513956 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 10513956 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10513956 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 10513956 frs-bus:SmallEntities 2024-01-01 2024-12-31 10513956 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 10513956 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 10513956 frs-bus:Director1 2024-01-01 2024-12-31 10513956 frs-countries:EnglandWales 2024-01-01 2024-12-31 10513956 2022-12-31 10513956 2023-12-31 10513956 2023-01-01 2023-12-31 10513956 frs-core:CurrentFinancialInstruments 2023-12-31 10513956 frs-core:Non-currentFinancialInstruments 2023-12-31 10513956 frs-core:ShareCapital 2023-12-31 10513956 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 10513956
Quantum Genius Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
QP Accountants Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10513956
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 161 201
161 201
CURRENT ASSETS
Stocks 5 3,700 3,700
Debtors 6 17,481 17,481
Cash at bank and in hand 272 272
21,453 21,453
Creditors: Amounts Falling Due Within One Year 7 (20,692 ) (20,692 )
NET CURRENT ASSETS (LIABILITIES) 761 761
TOTAL ASSETS LESS CURRENT LIABILITIES 922 962
Creditors: Amounts Falling Due After More Than One Year 8 (39,232 ) (39,232 )
NET LIABILITIES (38,310 ) (38,270 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (38,410 ) (38,370 )
SHAREHOLDERS' FUNDS (38,310) (38,270)
Page 1
Page 2
For the 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.
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
Ms Khadija Masbali
Director
29/09/2025
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
Quantum Genius Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10513956 . The registered office is 9 Rebecca House, Brokesley Street, London, E3 4QN.
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. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. 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:
Plant & Machinery 20% Reducing balance method
Fixtures & Fittings 33% Straight line basis
Computer Equipment 33% Straight line basis
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 957 674 1,631
As at 31 December 2024 957 674 1,631
Depreciation
As at 1 January 2024 756 674 1,430
Provided during the period 40 - 40
As at 31 December 2024 796 674 1,470
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 December 2024 161 - 161
As at 1 January 2024 201 - 201
5. Stocks
2024 2023
£ £
Stock 3,700 3,700
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 17,481 17,481
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 1
Other creditors 20,692 20,691
20,692 20,692
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 39,232 39,232
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4