Qcontact Limited - Filleted accounts

Registered number

10927190

Qcontact Limited

Filleted Accounts

28 February 2025

Qcontact Limited
Registered number:		10927190
Balance Sheet
as at 28 February 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		1,330			1,953
Investments	4		468			464
			1,798			2,417

Current assets
Debtors	5	422,155			338,522
Cash at bank and in hand		137,118			169,899
		559,273			508,421

Creditors: amounts falling due within one year	6	(673,175)			(734,060)

Net current liabilities			(113,902)			(225,639)

Total assets less current liabilities			(112,104)			(223,222)


Provisions for liabilities			(333)			-


Net liabilities			(112,437)			(223,222)

Capital and reserves
Called up share capital			1			1
Profit and loss account			(112,438)			(223,223)

Shareholder's funds			(112,437)			(223,222)

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr O Wing
Director
Approved by the board on 31 October 2025

Qcontact Limited
Notes to the Accounts
for the year ended 28 February 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Fixtures, fittings, tools and equipment	over 4 years

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		1		1


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 March 2024				13,981
	Additions				750
	At 28 February 2025				14,731

	Depreciation
	At 1 March 2024				12,028
	Charge for the year				1,373
	At 28 February 2025				13,401

	Net book value
	At 28 February 2025				1,330
	At 29 February 2024				1,953


4	Investments

Other
investments
£
	Cost
	At 1 March 2024				464
	Additions				4

	At 28 February 2025				468


5	Debtors		2025		2024
£				£

	Trade debtors		131,878		93,793
	Amounts owed by group undertakings and undertakings in which the company has a participating interest		254,170		180,686
	Deferred tax asset		-		27,953
	Other debtors		36,107		36,090
			422,155		338,522


6	Creditors: amounts falling due within one year		2025		2024
£				£

	Trade creditors		64,675		35,518
	Taxation and social security costs		9,753		14,285
	Other creditors		598,747		684,257
			673,175		734,060


7	Going Concern

	The director believes that any forseeable financial obligations can be met for at least 12 months from the date of signing these financial statements. Accordingly the director has adopted the going concern basis in preparing the financial statements.


8	Other information

	Qcontact Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Peter House
	Oxford Street
	Manchester
	M1 5AN