REGISTERED NUMBER: 09178550 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st January 2025

for

IQ GB (UK) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G C Thompson

M A Wilkinson

S A Kempson

A J Parker

REGISTERED OFFICE:

Black Bull House

353-355 Station Road

Bamber Bridge

Preston

Lancashire

PR5 6EE

REGISTERED NUMBER:

09178550 (England and Wales)

ACCOUNTANTS:

Robin Oatridge & Co Limited

Chartered Certified Accountants

Black Bull House

353-355 Station Road

Bamber Bridge

Preston

Lancashire

PR5 6EE

CURRENT ASSETS

Stocks

100

100

Debtors

5

227,254

94,168

Cash at bank and in hand

12,658

169,509

240,012

263,777

CREDITORS

Amounts falling due within one year

6

20,267

51,114

NET CURRENT ASSETS

219,745

212,663

TOTAL ASSETS LESS CURRENT LIABILITIES

219,745

212,663

CREDITORS

Amounts falling due after more than one year

7

-

8,076

NET ASSETS

219,745

204,587

CAPITAL AND RESERVES

Called up share capital

300

150

Retained earnings

219,445

204,437

SHAREHOLDERS' FUNDS

219,745

204,587

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30th September 2025 and were signed on its behalf by:

G C Thompson - Director

1.	STATUTORY INFORMATION

IQ GB (UK) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st February 2024

and 31st January 2025

833

DEPRECIATION

At 1st February 2024

and 31st January 2025

833

NET BOOK VALUE

At 31st January 2025

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

2,254

8,168

Other debtors

225,000

86,000

227,254

94,168

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

8,117

10,322

Trade creditors

6,486

24,099

Taxation and social security

4,464

14,355

Other creditors

1,200

2,338

20,267

51,114

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

8,076

No security was required for the bank loan.

8.	RELATED PARTY DISCLOSURES

FWS Developments Limited is a company related by common control. At the balance sheet date, there is a loan outstanding of £5,000 (2024: £86,000) to FWS Developments Limited. This loan is repayable on demand and is included in other debtors.

FW Style Limited is a company related by common control. At the balance sheet date, there is a loan outstanding of £220,000 (2024: £NIL) to FW Style Limited. This loan is repayable on demand and is included in other debtors.

9.	ULTIMATE CONTROLLING PARTY

The company was under the control of the directors.