Company Registration No. 11601304 (England and Wales)
IQW Business Ltd
Unaudited accounts
for the period from 3 October 2018 to 31 October 2019
IQW Business Ltd
Unaudited accounts
Contents
IQW Business Ltd
Company Information
for the period from 3 October 2018 to 31 October 2019
Company Number
11601304 (England and Wales)
Registered Office
8 Central Parade
High Street
London,
SE20 7TN
Accountants
Fortune UK Accountants Ltd
Office 811, 6 Mitre Passage.
London
SE10 0ER
IQW Business Ltd
Statement of financial position
as at
31 October 2019
Cash at bank and in hand
3,143
Creditors: amounts falling due within one year
(83,493)
Net current liabilities
(73,350)
Called up share capital
100
Profit and loss account
(3,579)
Shareholders' funds
(3,479)
For the period ending 31 October 2019 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 July 2020 and were signed on its behalf by
WANG PING
Director
Company Registration No. 11601304
IQW Business Ltd
Notes to the Accounts
for the period from 3 October 2018 to 31 October 2019
IQW Business Ltd is a private company, limited by shares, registered in England and Wales, registration number 11601304. The registered office is 8 Central Parade, High Street, London,, SE20 7TN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
IQW Business Ltd
Notes to the Accounts
for the period from 3 October 2018 to 31 October 2019
5
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
Additions
1,000
63,871
64,871
At 31 October 2019
1,000
63,871
64,871
At 31 October 2019
1,000
63,871
64,871
7
Creditors: amounts falling due within one year
2019
Taxes and social security
287
Loans from directors
81,966
8
Average number of employees
During the period the average number of employees was 1.