Micro-entity Balance Sheet as at 30 September 2025

	Notes	2025	2024
		£	£
Fixed Assets		15,634	11,797
Current Assets		39,210	51,060
Prepayments and accrued income		533	533
Creditors: amounts falling due within one year		(9,403)	(10,919)
Net current assets (liabilities)		30,340	40,674
Total assets less current liabilities		45,974	52,471
Creditors: amounts falling due after more than one year		(7,744)	(15,393)
Total net assets (liabilities)		38,230	37,078
Capital and reserves		38,230	37,078

Footnotes:

• Guarantees
  QIBAR LTD
  NOTES TO THE MICRO - ENTITY ACCOUNTS
  YEAR ENDED 30 SEPTEMBER 2025
  
  1. ACCOUNTING POLICIES
  
  Basis of accounting
  The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
  
  Turnover
  The turnover shown in the profit and loss account represents amounts invoiced during the year.
  
  Fixed assets
  All fixed assets are initially recorded at cost.
  
  Depreciation
  Depreciation where applicable is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
  
  Equipment - Over 5 Years
  
  Operating lease agreements
  Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight-line basis over the period of the lease.
  
  Financial instruments
  Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
  
  Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account.
  Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.