Acorah Software Products - Accounts Production 19.2.450 false true 31 March 2025 1 April 2024 false 1 April 2025 31 March 2026 31 March 2026 11348487 Mr Josh Timbrell Mr David Wells Q Capital Holdings Limited 2 Haygate Road, Wellington, Telford, Shropshire, TF1 1SG true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11348487 2025-03-31 11348487 2026-03-31 11348487 2025-04-01 2026-03-31 11348487 frs-core:CurrentFinancialInstruments 2026-03-31 11348487 frs-core:Non-currentFinancialInstruments 2026-03-31 11348487 frs-core:ComputerEquipment 2026-03-31 11348487 frs-core:ComputerEquipment 2025-04-01 2026-03-31 11348487 frs-core:ComputerEquipment 2025-03-31 11348487 frs-core:PlantMachinery 2026-03-31 11348487 frs-core:PlantMachinery 2025-04-01 2026-03-31 11348487 frs-core:PlantMachinery 2025-03-31 11348487 frs-core:ShareCapital 2026-03-31 11348487 frs-core:RetainedEarningsAccumulatedLosses 2026-03-31 11348487 frs-bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 11348487 frs-bus:FilletedAccounts 2025-04-01 2026-03-31 11348487 frs-bus:SmallEntities 2025-04-01 2026-03-31 11348487 frs-bus:AuditExempt-NoAccountantsReport 2025-04-01 2026-03-31 11348487 frs-bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 11348487 1 2025-04-01 2026-03-31 11348487 frs-bus:Director1 2025-04-01 2026-03-31 11348487 frs-bus:Director2 2025-04-01 2026-03-31 11348487 frs-countries:EnglandWales 2025-04-01 2026-03-31 11348487 2024-03-31 11348487 2025-03-31 11348487 2024-04-01 2025-03-31 11348487 frs-core:CurrentFinancialInstruments 2025-03-31 11348487 frs-core:Non-currentFinancialInstruments 2025-03-31 11348487 frs-core:ShareCapital 2025-03-31 11348487 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31
Registered number: 11348487
Q Commercial Finance (UK) Limited
Unaudited Financial Statements
For The Year Ended 31 March 2026
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11348487
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 994 1,566
994 1,566
CURRENT ASSETS
Debtors 5 4,771 125,885
Cash at bank and in hand 132,633 110,468
137,404 236,353
Creditors: Amounts Falling Due Within One Year 6 (75,109 ) (125,966 )
NET CURRENT ASSETS (LIABILITIES) 62,295 110,387
TOTAL ASSETS LESS CURRENT LIABILITIES 63,289 111,953
Creditors: Amounts Falling Due After More Than One Year 7 (20,699 ) (26,613 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (248 ) -
NET ASSETS 42,342 85,340
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 42,242 85,240
SHAREHOLDERS' FUNDS 42,342 85,340
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For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Josh Timbrell
Director
Mr David Wells
Director
9 July 2026
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Q Commercial Finance (UK) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11348487 . The registered office is 2 Haygate Road , Wellington, Telford, Shropshire, TF1 1SG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% reducing balance
Computer Equipment 33% straight line
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.5. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2025: 5)
5 5
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 April 2025 2,875 1,321 4,196
As at 31 March 2026 2,875 1,321 4,196
Depreciation
As at 1 April 2025 2,194 436 2,630
Provided during the period 136 436 572
As at 31 March 2026 2,330 872 3,202
Net Book Value
As at 31 March 2026 545 449 994
As at 1 April 2025 681 885 1,566
5. Debtors
2026 2025
£ £
Due within one year
Trade debtors 1,200 19,065
Prepayments and accrued income 3,371 7,029
Other debtors 200 -
Amounts owed by group undertakings - 99,791
4,771 125,885
6. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors - 616
Bank loans and overdrafts 5,914 5,914
Corporation tax 29,575 2,157
Other taxes and social security 4,014 4,014
Accruals and deferred income 10,348 17,107
Amounts owed to group undertakings 25,258 96,158
75,109 125,966
7. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Bank loans 20,699 26,613
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8. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 100 100
9. Related Party Transactions
Dividends paid to group undertakings in the year were £25,000 (2025: £64,000).
Included within creditors due within one year is a balance of £25,258 due to group undertakings (2025: £96,158).
10. Exceptional Items
Other exceptional costs represent the write off of a loan due from a group undertaking.
11. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Q Capital Holdings Limited , a company incorporated in England & Wales with a registered office of 2 Haygate Road, Wellington, Telford, Shropshire, TF1 1SG .
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