QuoLux Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06543734 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2025

for

QuoLux Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

22,401

31,079

Tangible assets

5

442

2,326

Investments

6

50

22,893

33,455

CURRENT ASSETS

Debtors

7

73,012

211,351

Cash at bank

221,231

207,804

294,243

419,155

CREDITORS

Amounts falling due within one year

8

188,812

213,512

NET CURRENT ASSETS

105,431

205,643

TOTAL ASSETS LESS CURRENT
LIABILITIES

128,324

239,098

CREDITORS

Amounts falling due after more than one
year

9

(22,686

)

(28,242

)

PROVISIONS FOR LIABILITIES

-

(37

)

NET ASSETS

105,638

210,819

CAPITAL AND RESERVES

Called up share capital

121

Share premium

32,768

Retained earnings

72,749

177,930

SHAREHOLDERS' FUNDS

105,638

210,819

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 December 2025 and were signed on its behalf by:

S Barnes - Director

1.	STATUTORY INFORMATION

QuoLux Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

06543734

Registered office:

B9 Elmbridge Court

Cheltenham Road East

Gloucester

GL3 1JZ

The presentation currency of the financial statements is the Pound Sterling (£).

The company is B Corp Certified. Certified B Corporations are businesses that meet the highest standards of verified social and environmental performance, public transparency, and legal accountability to balance profit and purpose.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Computer software - 5 years straight line

Trademarks, patents and licences - 10 years straight line

Trademarks, patents and licences

Separately acquired patents and trademarks are included at cost and amortised in equal annual instalments over a period of 10 years which is their estimated useful economic life. Provision is made for any impairment.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line/reducing balance] basis over its expected useful life, as follows:

Leasehold improvements - 5 years straight line

Fixtures and fittings - 3 years straight line

Computer equipment - 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payment ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

Cost

At 1 May 2024

and 30 April 2025

336,000

65,991

401,991

Amortisation

At 1 May 2024

336,000

34,912

370,912

Charge for year

-

8,678

At 30 April 2025

336,000

43,590

379,590

Net book value

At 30 April 2025

-

22,401

At 30 April 2024

-

31,079

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

Cost

At 1 May 2024

and 30 April 2025

80,274

Depreciation

At 1 May 2024

77,948

Charge for year

1,884

At 30 April 2025

79,832

Net book value

At 30 April 2025

442

At 30 April 2024

2,326

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

Cost

At 1 May 2024

and 30 April 2025

50

Net book value

At 30 April 2025

50

At 30 April 2024

50

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

59,672

202,599

Other debtors

13,340

8,752

73,012

211,351

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

5,556

Trade creditors

-

4,669

Taxation and social security

78,064

102,270

Other creditors

105,192

101,017

188,812

213,512

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans

22,686

28,242

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

463

6,019

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

Within one year

24,540

Between one and five years

57,465

82,005

106,545

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2025 and 30 April 2024:

Director 1

2025

2024

£

Balance outstanding at start of year

2,953

9,684

Amounts advanced

64,023

14,116

Amounts repaid

(61,096

)

(20,874

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

5,880

2,953

Director 2

2025

2024

£

Balance outstanding at start of year

-

5,755

Amounts repaid

-

(5,755

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

The above overdrawn loan account is included within other debtors. Interest has been charged at 2.25% per annum where the loan account was more than £10,000 overdrawn.