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COMPANY REGISTRATION NUMBER: 08840798

QStory Limited

Filleted Unaudited Financial Statements

28 February 2025

QStory Limited

Financial Statements

Year ended 28 February 2025

Contents | Page

Statement of financial position | 1

Notes to the financial statements | 3

QStory Limited

Statement of Financial Position

28 February 2025

| 2025 | 2024
Note | £ | £

Fixed assets

Intangible assets | 5 | 250 | 4,000
Tangible assets | 6 | 787 | 94
Investments | 7 | 135 | 135
| ------- | -------
| 1,172 | 4,229

Current assets

Debtors | 8 | 626,854 | 582,769
Cash at bank and in hand | 1,430,225 | 1,469,595
| ------------ | ------------
| 2,057,079 | 2,052,364

Creditors: amounts falling due within one year | 9 | ( 1,890,678) | ( 2,255,374)
| ------------ | ------------
Net current assets/(liabilities) | 166,401 | ( 203,010)
| --------- | ---------
Total assets less current liabilities | 167,573 | ( 198,781)
| --------- | ---------
Net assets/(liabilities) | 167,573 | ( 198,781)
| --------- | ---------

Capital and reserves

Called up share capital | 156 | 156
Share premium account | 3,280,286 | 3,280,286
Profit and loss account | ( 3,112,869) | ( 3,479,223)
| ------------ | ------------
Shareholders funds/(deficit) | 167,573 | ( 198,781)
| ------------ | ------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 28 February 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

QStory Limited

Statement of Financial Position (continued)

28 February 2025
These financial statements were approved by the board of directors and authorised for issue on 14 November 2025 , and are signed on behalf of the board by:

D H O'Reilly
Director

Company registration number: 08840798

QStory Limited

Notes to the Financial Statements

Year ended 28 February 2025
1. General information
The company is a private company limited by shares, incorporated in England and Wales. The address of the registered office is Fieldfisher Riverbank House, 2 Swan Lane, London, EC4R 3TT, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The financial statements are prepared in sterling, which is the functional currency of the entity and are rounded to the nearest £1.
Going concern
The accounts have been prepared on a going concern basis which relies upon the continuing support of the shareholders.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Foreign currency translation
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

| Intangible fixed assets | - | 5 years straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Tangible fixed assets | - | 3 years straight line

Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
Pensions
The company operates defined contribution pension schemes. Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. Contributions of £6,424 (2024: £6,037) were payable to the schemes at the end of the year and are included within Social security and other taxes.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 26 (2024: 20 ).
5. Intangible assets

| Intangible fixed assets
| £
Cost |
At 1 March 2024 and 28 February 2025 | 30,000
| --------
Amortisation |
At 1 March 2024 | 26,000
Charge for the year | 3,750
| --------
At 28 February 2025 | 29,750
| --------
Carrying amount |
At 28 February 2025 | 250
| --------
At 29 February 2024 | 4,000
| --------

6. Tangible assets

| Computer equipment
| £
Cost |
At 1 March 2024 | 848
Additions | 1,181
| -------
At 28 February 2025 | 2,029
| -------
Depreciation |
At 1 March 2024 | 754
Charge for the year | 488
| -------
At 28 February 2025 | 1,242
| -------
Carrying amount |
At 28 February 2025 | 787
| -------
At 29 February 2024 | 94
| -------

7. Investments

| Shares in group undertakings
| £
Cost |
At 1 March 2024 and 28 February 2025 | 135
| ----
Impairment |
At 1 March 2024 and 28 February 2025 | –
| ----

Carrying amount |
At 28 February 2025 | 135
| ----
At 29 February 2024 | 135
| ----

8. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 343,523 | 379,338
Amounts owed by group undertakings | 86,897 | 55,049
Prepayments and accrued income | 183,753 | 148,382
Other debtors | 12,681 | –
| --------- | ---------
| 626,854 | 582,769
| --------- | ---------

9. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Trade creditors | 49,375 | 57,761
Accruals and deferred income | 1,765,375 | 1,999,650
Social security and other taxes | 75,928 | 108,686
Other creditors | – | 89,277
| ------------ | ------------
| 1,890,678 | 2,255,374
| ------------ | ------------