REGISTERED NUMBER: 03109102 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st December 2025

for

QISOFT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr K R Luxton

Mr S W J Luxton

Mrs K M Munoz

Mr G Parkinson

REGISTERED OFFICE:

13th Floor Piccadilly Plaza

Manchester

Lancashire

M1 4BT

REGISTERED NUMBER:

03109102 (England and Wales)

ACCOUNTANTS:

Harrison Blakeley Accountancy Limited

21 Church Street

Horbury

Wakefield

West Yorkshire

WF4 6LT

FIXED ASSETS

Tangible assets

4

38,610

-

Investments

5

7,438

7,987

46,048

7,987

CURRENT ASSETS

Debtors

6

167,808

149,245

Cash at bank

729,157

714,533

896,965

863,778

CREDITORS

Amounts falling due within one year

7

343,278

316,246

NET CURRENT ASSETS

553,687

547,532

TOTAL ASSETS LESS CURRENT LIABILITIES

599,735

555,519

CREDITORS

Amounts falling due after more than one year

8

43,128

-

NET ASSETS

556,607

555,519

CAPITAL AND RESERVES

Called up share capital

20,000

20,000

Capital redemption reserve

75,580

75,580

Retained earnings

461,027

459,939

556,607

555,519

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25th May 2026 and were signed on its behalf by:

Mr S W J Luxton - Director

1.	STATUTORY INFORMATION

QiSoft Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Preparation of consolidated financial statements

The financial statements contain information about QiSoft Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Motor vehicles

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 7 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

Additions

51,480

At 31st December 2025

51,480

DEPRECIATION

Charge for year

12,870

At 31st December 2025

12,870

NET BOOK VALUE

At 31st December 2025

38,610

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

Additions

51,480

At 31st December 2025

51,480

DEPRECIATION

Charge for year

12,870

At 31st December 2025

12,870

NET BOOK VALUE

At 31st December 2025

38,610

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST OR VALUATION

At 1st January 2025

7,987

Revaluations

(549

)

At 31st December 2025

7,438

NET BOOK VALUE

At 31st December 2025

7,438

At 31st December 2024

7,987

Cost or valuation at 31st December 2025 is represented by:

Shares in

group

undertakings

£

Valuation in 2020

1,482

Valuation in 2021

(2

)

Valuation in 2022

876

Valuation in 2023

407

Valuation in 2024

(683

)

Valuation in 2025

(549

)

Cost

5,907

7,438

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

31/12/24

£

£

Trade debtors

155,824

124,623

Prepayments and accrued income

11,984

24,622

167,808

149,245

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

31/12/24

£

£

Hire purchase contracts

7,705

-

Trade creditors

4,296

3,920

Amounts owed to group undertakings

15,335

16,467

Social security and other taxes

17,954

17,288

VAT

13,441

8,704

Other creditors

6,494

3,999

Accrued expenses

278,053

265,868

343,278

316,246

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/25

31/12/24

£

£

Hire purchase contracts

43,128

-

9.	OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments that are not included on the balance sheet is £7,688 (2024: £18,115).

10.	RELATED PARTY DISCLOSURES

QiSoft USA

Wholly owned subsidiary

At the Balance Sheet date the following balances existed:

2025

2024

Included in Loans from Group Undertakings - Creditor

£15,335

£16,467

No interest is charged on these amounts and there are no fixed terms for repayment.