Qoob Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 13202578

QOOB LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 March 2025

QOOB LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2025

	2025		2024
Note	£	£	£	£

FIXED ASSETS

Intangible assets	5	245,026	–
Tangible assets	6	5,000	–
Investments	7	–	280,030
		---------	---------
		250,026	280,030

CURRENT ASSETS

Debtors	8	205,562	110,807
Cash at bank and in hand		72,735	6,817
		---------	---------
		278,297	117,624

CREDITORS: amounts falling due within one year	9	407,343		349,069
		---------		---------
NET CURRENT LIABILITIES			129,046		231,445
			---------		---------
TOTAL ASSETS LESS CURRENT LIABILITIES			120,980		48,585

CREDITORS: amounts falling due after more than one year	10	110,294	–
		---------	--------
NET ASSETS		10,686	48,585
		---------	--------

CAPITAL AND RESERVES

Called up share capital fully paid	10	10
Profit and loss account	10,676	48,575
	--------	--------
SHAREHOLDERS FUNDS	10,686	48,585
	--------	--------

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 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 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 .

QOOB LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 22 December 2025 , and are signed on behalf of the board by:

Mr M Rigby-White

Director

Company registration number: 13202578

QOOB LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Ground Floor Unit 1, Swallow Court, Kettering Parkway, Kettering, NN15 6XX.

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 on the historical cost basis. The financial statements are prepared in sterling, which is a functional currency of the entity.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership 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.

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. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Foreign currencies

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.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

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:

	Goodwill	-	8 Years

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.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted.

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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs.

Defined contribution plans

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.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 14 (2024: 12 ).

5. INTANGIBLE ASSETS

	Goodwill
	£
Cost
Additions	–
Transfers	280,030
	---------
At 31 March 2025	280,030
	---------
Amortisation
Charge for the year	35,004
	---------
At 31 March 2025	35,004
	---------
Carrying amount
At 31 March 2025	245,026
	---------
At 31 March 2024	–
	---------

6. TANGIBLE ASSETS

	Fixtures and fittings
	£
Cost
At 1 April 2024	–
Additions	5,000
	-------
At 31 March 2025	5,000
	-------
Depreciation
At 1 April 2024 and 31 March 2025	–
	-------
Carrying amount
At 31 March 2025	5,000
	-------
At 31 March 2024	–
	-------

7. INVESTMENTS

	Shares in group undertakings
	£
Cost
At 1 April 2024	280,030
Transfers	( 280,030)
	---------
At 31 March 2025	–
	---------
Impairment
At 1 April 2024 and 31 March 2025	–
	---------

Carrying amount
At 31 March 2025	–
	---------
At 31 March 2024	280,030
	---------

8. DEBTORS

	2025	2024
	£	£
Trade debtors	87,832	105,467
Other debtors	117,730	5,340
	---------	---------
	205,562	110,807
	---------	---------

9. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	19,388	–
Trade creditors	14,235	16,238
Amounts owed to group undertakings and undertakings in which the company has a participating interest	221,003	–
Corporation tax	36,824	22,057
Social security and other taxes	70,251	41,374
Other creditors	45,642	269,400
	---------	---------
	407,343	349,069
	---------	---------

10. CREDITORS: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	110,294	–
	---------	----

11. RELATED PARTY TRANSACTIONS

The company has taken advantage of the exemption available under FRS 102 not to disclose any transactions with other companies within a 100% owned group. During the year the company has charged management fees to associated companies totalling £126,177 (2024 - £151,836). At the year end the company owed £152,047 (2024 - £173,373) to associated companies in relation to loans. The company was also owed £43,120 (2024 - £3,143) by companies in which a Director has an interest.