Company registration number 07072151 (England and Wales)
MQI LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
PAGES FOR FILING WITH REGISTRAR
MQI LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
MQI LIMITED
BALANCE SHEET
AS AT
30 NOVEMBER 2025
30 November 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,362
2,221
Investments
4
63,997
66,522
65,359
68,743
Current assets
Debtors
5
2,757,262
2,581,834
Cash at bank and in hand
89,350
145,095
2,846,612
2,726,929
Creditors: amounts falling due within one year
6
(46,845)
(62,319)
Net current assets
2,799,767
2,664,610
Total assets less current liabilities
2,865,126
2,733,353
Provisions for liabilities
(363)
(555)
Net assets
2,864,763
2,732,798
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
2,864,663
2,732,698
Total equity
2,864,763
2,732,798
MQI LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 NOVEMBER 2025
30 November 2025
- 2 -

For the financial year ended 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 26 May 2026 and are signed on its behalf by:
Mr N L Williams
Director
Company registration number 07072151 (England and Wales)
MQI LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 3 -
1
Accounting policies
Company information

MQi Limited is a private company limited by shares incorporated in England and Wales. The registered office is 22 Proffits Lane, Helsby, Frodsham, Cheshire, WA6 9JX.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
33.33% straight line
Computer equipment
33.33% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Taxation
MQI LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
(Continued)
- 4 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.6
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.7
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

1.8

Operating leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
MQI LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 5 -
3
Tangible fixed assets
Fixtures, fittings & equipment
Computer equipment
Total
£
£
£
Cost
At 1 December 2024
3,745
5,661
9,406
Additions
-
0
516
516
At 30 November 2025
3,745
6,177
9,922
Depreciation and impairment
At 1 December 2024
1,524
5,661
7,185
Depreciation charged in the year
1,212
163
1,375
At 30 November 2025
2,736
5,824
8,560
Carrying amount
At 30 November 2025
1,009
353
1,362
At 30 November 2024
2,221
-
0
2,221
4
Fixed asset investments
2025
2024
£
£
Investments
63,997
66,522
Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 December 2024
66,522
Exchange movements
(2,525)
At 30 November 2025
63,997
Carrying amount
At 30 November 2025
63,997
At 30 November 2024
66,522
MQI LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 6 -
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
15,679
32,079
Amounts owed by related companies
2,656,528
2,547,631
Other debtors
85,055
2,124
2,757,262
2,581,834
6
Creditors: amounts falling due within one year
2025
2024
£
£
Taxation and social security
44,895
52,057
Other creditors
1,950
10,262
46,845
62,319
7
Related party transactions

Due to common directorships and shareholdings, LNCD (Holdings) Limited and LNCD PTY Limited are related parties.

At the balance sheet date the company is owed £2,656,528 (2024: £2,547,631) from related parties. This is an interest free loan with no fixed date of repayment.

8
Directors' transactions

Dividends totalling £0 (2024: £70,000) were paid in the year in respect of shares held by the company's directors.

At the year end date the directors owed the company £82,765 (2024: the company owed the directors £8,512). This is an interest free loan with no fixed date for repayment.

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