Q-Solution Limited 04863391 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is the provision of information technology services Digita Accounts Production Advanced 6.30.9574.0 true true 04863391 2024-04-01 2025-03-31 04863391 2025-03-31 04863391 core:CapitalRedemptionReserve 2025-03-31 04863391 core:RetainedEarningsAccumulatedLosses 2025-03-31 04863391 core:ShareCapital 2025-03-31 04863391 core:CurrentFinancialInstruments 2025-03-31 04863391 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 04863391 core:FurnitureFittingsToolsEquipment 2025-03-31 04863391 core:OtherPropertyPlantEquipment 2025-03-31 04863391 bus:SmallEntities 2024-04-01 2025-03-31 04863391 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 04863391 bus:FilletedAccounts 2024-04-01 2025-03-31 04863391 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 04863391 bus:RegisteredOffice 2024-04-01 2025-03-31 04863391 bus:Director1 2024-04-01 2025-03-31 04863391 bus:Director4 2024-04-01 2025-03-31 04863391 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 04863391 core:CapitalRedemptionReserve 2024-04-01 2025-03-31 04863391 core:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 04863391 core:ShareCapital 2024-04-01 2025-03-31 04863391 core:FurnitureFittingsToolsEquipment 2024-04-01 2025-03-31 04863391 core:OfficeEquipment 2024-04-01 2025-03-31 04863391 core:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 04863391 core:PlantMachinery 2024-04-01 2025-03-31 04863391 countries:EnglandWales 2024-04-01 2025-03-31 04863391 2024-03-31 04863391 core:CapitalRedemptionReserve 2024-03-31 04863391 core:RetainedEarningsAccumulatedLosses 2024-03-31 04863391 core:ShareCapital 2024-03-31 04863391 core:FurnitureFittingsToolsEquipment 2024-03-31 04863391 core:OtherPropertyPlantEquipment 2024-03-31 04863391 2023-04-01 2024-03-31 04863391 2024-03-31 04863391 core:CurrentFinancialInstruments 2024-03-31 04863391 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 04863391 core:FurnitureFittingsToolsEquipment 2024-03-31 04863391 core:OtherPropertyPlantEquipment 2024-03-31 04863391 core:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 04863391 core:ShareCapital 2023-04-01 2024-03-31 04863391 2023-03-31 04863391 core:RetainedEarningsAccumulatedLosses 2023-03-31 04863391 core:ShareCapital 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 04863391

Q-Solution Limited Unaudited Financial Statements for the Year Ended 31 March 2025
Brebners Chartered Accountants 130 Shaftesbury Avenue London W1D 5AR

Q-Solution Limited

Contents

Company Information | 1
Statement of Financial Position | 2 to 3
Statement of Changes in Equity | 4
Notes to the Financial Statements | 5 to 8

Q-Solution Limited

Company Information

Directors | K D Hoskins S K Jennings

Registered office | 130 Shaftesbury Avenue 2nd Floor London W1D 5EU

Accountants | Brebners Chartered Accountants 130 Shaftesbury Avenue London W1D 5AR

Q-Solution Limited

Statement of Financial Position as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 19,189 | 18,838
Current assets |  |  |
Debtors | 5 | 491,462 | 485,368
Cash at bank and in hand |  | 331,058 | 1,198,856
|  | 822,520 | 1,684,224
Creditors: Amounts falling due within one year | 6 | (341,763) | (556,014)
Net current assets |  | 480,757 | 1,128,210
Total assets less current liabilities |  | 499,946 | 1,147,048
Provisions for liabilities |  | (4,062) | (3,960)
Net assets |  | 495,884 | 1,143,088
Capital and reserves |  |  |
Called up share capital |  | 110 | 160
Capital redemption reserve |  | 50 | -
Retained earnings |  | 495,724 | 1,142,928
Shareholders' funds |  | 495,884 | 1,143,088

For the financial year ending 31 March 2025 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Q-Solution Limited

Statement of Financial Position as at 31 March 2025

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The directors of Q-Solution Limited have elected not to include a copy of the Income Statement within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, s444.

Approved and authorised by the Board on 25 September 2025 and signed on its behalf by:

.........................................

K D Hoskins

Director

Company registration number: 04863391

Q-Solution Limited

Statement of Changes in Equity for the Year Ended 31 March 2025

| Share capital £ | Capital redemption reserve £ | Retained earnings £ | Total £
At 1 April 2024 | 160 | - | 1,142,928 | 1,143,088
Profit for the year | - | - | 813,796 | 813,796
Dividends | - | - | (255,000) | (255,000)
Purchase of own share capital | (50) | 50 | (1,206,000) | (1,206,000)
At 31 March 2025 | 110 | 50 | 495,724 | 495,884

| Share capital £ | Retained earnings £ | Total £
At 1 April 2023 | 160 | 1,014,236 | 1,014,396
Profit for the year | - | 728,692 | 728,692
Dividends | - | (600,000) | (600,000)
At 31 March 2024 | 160 | 1,142,928 | 1,143,088

Q-Solution Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

The principal activity of the company is the provision of information technology services.

2 | Accounting policies

Statement of compliance

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

The company made a profit for the year and had net assets at the year end of £495,884 including cash at bank of £331,058. The directors have considered the current economic uncertainty driven by global macro economic factors and inflationary costs within the UK economy and the directors' view is that the impact on the company will be manageable.
The company has continued to deliver a full suite of IT services to key clients and is actively engaged in increasing the range of its clients and IT offerings with the Directors satisfied with the range of technical abilities the current engagement team can deliver. Clients have demonstrated their continued demand for these services and associated cashflows remain in line with expectations with new revenue opportunities in the pipeline.
Post year end trading has generated profitability as demonstrated in the latest available monthly management accounts and the growth of potentially significant opportunities for new income streams. The company's net asset position and liquidity remain healthy with balances being steadily replenished following a share buy back transaction during the year, and further supported by the Directors' continued vigilance over variable costs.
On the basis of the above, and after making enquiries, the directors have a reasonable expectation that the company has adequate to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Q-Solution Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rates prevailing on the initial transaction dates.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 25% reducing balance
Equipment | 25% reducing balance

Q-Solution Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company during the year, was 7 (2024 - 7).

4 | Tangible assets

| Furniture, fittings and equipment £ | Other tangible assets £ | Total £
Cost or valuation
At 1 April 2024 | 68,502 | 21,669 | 90,171
Additions | 5,546 | - | 5,546
At 31 March 2025 | 74,048 | 21,669 | 95,717
Depreciation
At 1 April 2024 | 52,500 | 18,833 | 71,333
Charge for the year | 4,485 | 710 | 5,195
At 31 March 2025 | 56,985 | 19,543 | 76,528
Carrying amount
At 31 March 2025 | 17,063 | 2,126 | 19,189
At 31 March 2024 | 16,002 | 2,836 | 18,838

Q-Solution Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

5 | Debtors

| 2025 £ | 2024 £
Trade debtors | 414,452 | 431,514
Other debtors | 77,010 | 53,854
| 491,462 | 485,368

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Trade creditors | 95,455 | 217,125
Taxation and social security | 102,897 | 314,601
Accruals and deferred income | 102,959 | 19,665
Other creditors | 40,452 | 4,623
| 341,763 | 556,014

7 | Financial commitments, guarantees and contingencies

Amounts not provided for in the statement of financial position

The total amount of financial commitments not included in the statement of financial position is £36,330 (2024 - £92,332).

8 | Related party transactions

At 31 March 2025 an amount of £270 (2024:£44) was due to the company from the directors. Advances of £226 were made during the year. Interest has not been charged and there are no set terms in place.
On 21 October 2024 the company repurchased and cancelled 50 ordinary shares of £1 each from a former director for £1,200,000.