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Registration number: 06486298

Quick-Test Technologies Limited
Filleted Financial Statements
for the Year Ended 31 December 2025

Quick-Test Technologies Limited

Contents

Balance Sheet | 1
Notes to the Financial Statements | 2 to 5

Quick-Test Technologies Limited

(Registration number: 06486298)
Balance Sheet as at 31 December 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 4 | - | -
Current assets |  |  |
Debtors | 5 | 19,192 | 891,775
Cash at bank and in hand |  | 412 | 1,219
|  | 19,604 | 892,994
Creditors: Amounts falling due within one year | 6 | (369,805) | (1,148,021)
Net current liabilities |  | (350,201) | (255,027)
Total assets less current liabilities |  | (350,201) | (255,027)
Creditors: Amounts falling due after more than one year | 6 | (100,939) | (104,407)
Net liabilities |  | (451,140) | (359,434)
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | (451,240) | (359,534)
Shareholders' deficit |  | (451,140) | (359,434)

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 May 2026 and signed on its behalf by:

......................................... N McDougall Director

Quick-Test Technologies Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.
The company has the support of its fellow group companies which the directors believe will be sufficient for the company to continue to trade for the forseeable future.

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 29 May 2026 was Jonathan Swayne FCA, who signed for and on behalf of Mercer Lewin Limited.

Revenue recognition

The company recognises revenue once carbon credits have been generated and transferred to the customer in order to satisfy the contract in place. Any receipts of advances from buyers are held as deferred income until the contract has been satisfied.
The company writes off costs as incurred or accrued in relation to project costs and do not match against project income.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Quick-Test Technologies Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

Asset class | Amortisation method and rate
Patents | 10% straight line
Research and development | 10% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

Quick-Test Technologies Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

4 | Intangible assets

| Trademarks, patents and licenses £ | Development costs £ | Total £
Cost or valuation
At 1 January 2025 | 42,284 | 739,736 | 782,020
Disposals | (42,284) | (739,736) | (782,020)
At 31 December 2025 | - | - | -
Amortisation
At 1 January 2025 | 42,284 | 739,736 | 782,020
Amortisation eliminated on disposals | (42,284) | (739,736) | (782,020)
At 31 December 2025 | - | - | -
Carrying amount
At 31 December 2025 | - | - | -

5 | Debtors

Current | Note | 2025 £ | 2024 £
Amounts owed by group undertakings | 7 | 19,192 | 891,775
|  | 19,192 | 891,775

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Other creditors | 369,805 | 1,148,021

Creditors: amounts falling due after more than one year

| 2025 £ | 2024 £
Due after one year |  |
Other financial liabilities | 100,939 | 104,407

Quick-Test Technologies Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

7 | Related party transactions

Income and receivables from related parties

2025 | Entities with joint control or significant influence £
Amounts receivable from related party | 19,192

2024 | Entities with joint control or significant influence £
Amounts receivable from related party | 891,775

Expenditure with and payables to related parties

2025 | Entities with joint control or significant influence £
Management charges payable | 817,693
Amounts payable to related party | 100,939

2024 | Entities with joint control or significant influence £
Management charges payable | 186,773
Amounts payable to related party | 104,407

8 | Parent and ultimate parent undertaking

The ultimate controlling party is N McDougall, by virtue of his majority shareholding in ultimate parent company DelAgua Group Limited (a company incorporated in The Bahamas).