Response IQ Limited Filleted Accounts Cover
|
|
|||||||||
Company No. 09951115
|
|||||||||
|
|||||||||
|
|||||||||
Response IQ Limited Directors Report Registrar
|
The Directors present their report and the accounts for the year ended 30 June 2020.
|
|||||||||
Principal activities
|
|||||||||
The platform allows customers to track and facilitate phone calls through the customer's business allowing the customer to track the relationship between calls and the source of their marketing activities. |
|||||||||
Directors
|
|||||||||
The Directors who served at any time during the year were as follows:
|
|||||||||
S.R. Lee
|
|||||||||
M. Pearson
|
|||||||||
|
|||||||||
Signed on behalf of the board
|
|||||||||
S.R. Lee
|
|||||||||
Director
|
|||||||||
09 October 2020
|
Response IQ Limited Balance Sheet Registrar
|
at
|
|
|||||||||
Company No.
|
|
Notes
|
2020
|
2019
|
||||||
£
|
£
|
|||||||||
Fixed assets
|
||||||||||
Tangible assets
|
4
|
|
|
|||||||
Investments
|
5
|
|
|
|||||||
|
|
|||||||||
Current assets
|
||||||||||
Debtors
|
6
|
|
|
|||||||
Cash at bank and in hand
|
|
|
||||||||
|
|
|||||||||
Creditors: Amount falling due within one year
|
7
|
(
|
(
|
|||||||
Net current assets
|
|
|
||||||||
Total assets less current liabilities
|
|
|
||||||||
Net assets
|
|
|
||||||||
Capital and reserves
|
||||||||||
Called up share capital
|
|
|
||||||||
Share premium account
|
8
|
|
|
|||||||
Profit and loss account
|
8
|
(
|
(
|
|||||||
Total equity
|
|
|
||||||||
|
||||||||||
|
||||||||||
|
||||||||||
|
||||||||||
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
|
||||||||||
Approved by the board on 09 October 2020
|
||||||||||
and signed on its behalf by:
|
||||||||||
S.R. Lee
|
||||||||||
Director
|
||||||||||
09 October 2020
|
Response IQ Limited Notes to the Accounts Registrar
|
for the year ended 30 June 2020
|
||||||||||||||
1
|
General information
|
|||||||||||||
|
||||||||||||||
Its registered number is: 09951115
|
||||||||||||||
Its registered office is:
|
||||||||||||||
|
||||||||||||||
|
||||||||||||||
|
||||||||||||||
|
||||||||||||||
|
||||||||||||||
|
||||||||||||||
Going concern
|
||||||||||||||
|
||||||||||||||
2
|
Accounting policies
|
|||||||||||||
Turnover
|
||||||||||||||
Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed. |
||||||||||||||
Tangible fixed assets and depreciation
|
||||||||||||||
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. |
||||||||||||||
|
||||||||||||||
Plant and machinery
|
|
|||||||||||||
Motor vehicles
|
|
|||||||||||||
Furniture, fittings and equipment
|
|
|||||||||||||
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 profit and loss account 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 temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary 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. Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively. |
||||||||||||||
Investments
|
||||||||||||||
|
||||||||||||||
Trade and other debtors
|
||||||||||||||
|
||||||||||||||
Trade and other creditors
|
||||||||||||||
|
||||||||||||||
Foreign currencies
|
||||||||||||||
|
||||||||||||||
|
||||||||||||||
Defined contribution pensions
|
||||||||||||||
|
||||||||||||||
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
|
||||||||||||||
Provisions
|
||||||||||||||
Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the balance sheet. |
||||||||||||||
3
|
Employees
|
|||||||||||||
2020
|
2019
|
|||||||||||||
Number
|
Number
|
|||||||||||||
The average number of persons employed during the year :
|
|
|
||||||||||||
4
|
Tangible fixed assets
|
|||||||||||||
Plant and machinery
|
Total
|
|||||||||||||
£
|
£
|
|||||||||||||
Cost or revaluation
|
||||||||||||||
At 1 July 2019
|
|
|
||||||||||||
At 30 June 2020
|
|
|
||||||||||||
Depreciation
|
||||||||||||||
At 1 July 2019
|
|
|
||||||||||||
Charge for the year
|
|
|
||||||||||||
At 30 June 2020
|
|
|
||||||||||||
Net book values
|
||||||||||||||
At 30 June 2020
|
|
|
||||||||||||
At 30 June 2019
|
|
|
||||||||||||
5
|
Investments
|
|||||||||||||
Other investments - Unlisted
|
Total
|
|||||||||||||
£
|
£
|
|||||||||||||
Cost or valuation
|
||||||||||||||
Additions
|
|
|
||||||||||||
At 30 June 2020
|
|
|
||||||||||||
Provisions/Impairment
|
||||||||||||||
Impairment loss
|
|
|
||||||||||||
At 30 June 2020
|
|
|
||||||||||||
Net book values
|
||||||||||||||
At 30 June 2020
|
|
|
||||||||||||
In January 2020 following a review of the initial investment costs in setting up the South African subsidiary it was decided by the directors that the provision of the Sales and Admin functions would have a four year lifespan and, therefore, the investment (amounting to £188,872) should be impaired at an annual impairment cost of £61,272.
|
||||||||||||||
6
|
Debtors
|
|||||||||||||
2020
|
2019
|
|||||||||||||
£
|
£
|
|||||||||||||
Trade debtors
|
|
|
||||||||||||
Other debtors
|
|
|
||||||||||||
Prepayments and accrued income
|
|
|
||||||||||||
|
|
|||||||||||||
7
|
Creditors:
|
|||||||||||||
amounts falling due within one year
|
||||||||||||||
2020
|
2019
|
|||||||||||||
£
|
£
|
|||||||||||||
Trade creditors
|
|
|
||||||||||||
Other taxes and social security
|
|
(
|
||||||||||||
Other creditors
|
|
|
||||||||||||
Accruals and deferred income
|
|
|
||||||||||||
|
|
|||||||||||||
8
|
Reserves
|
|||||||||||||
|
||||||||||||||
|
||||||||||||||
9
|
Related party disclosures
|
|||||||||||||
2020
|
||||||||||||||
Transactions with related parties
|
£
|
|||||||||||||
Name of related party
|
|
|||||||||||||
Description of relationship between the parties
|
Is a subsidiary of Response IQ Limited
|
|||||||||||||
Description of transaction and general amounts involved
|
|
|||||||||||||
Amount due from/(to) the related party
|
(
|
|||||||||||||
Name of related party
|
|
|||||||||||||
Description of relationship between the parties
|
Is a wholly owned subsidiary of Response IQ Limited
|
|||||||||||||
Description of transaction and general amounts involved
|
|
|||||||||||||