MARKET CAPP 600K YET STUNNING SUMMER!! PILE IN

Lo-Q PLC
16 December 2005



LO-Q PLC ('LO-Q' or the 'Company')

Interim Results for the 12 months to 30 September 2005

Chairman's Statement


The positive start to the season, previously mentioned in the March 2005 Interim
results, has continued throughout the summer and the Company's results reflect
the benefit of the increase of Q-bot rental income.


Your Board has decided to align the Company year-end with that of our major
customer. This will enable us to report on a single calendar year and the
December year-end will allow us to operate more efficiently. The interim
results reflect the twelve-month performance for the period ended September
2005. The full accounting period which will end on December 31st will cover a
fifteen month period.


The Company made a small profit of £101,437 after taxation for the twelve-month
period, and all members of the Company are delighted with this outcome. Q-bot
income has risen substantially this year due to a number of factors. Chief
amongst these were increases in Q-bot rental rates, increased demand, even where
attendances have not risen and the success of a tight management approach to the
rental sales and administration teams in each park. Having Steve Drake, during
the operating season, spend the bulk of his time on front-line supervision in
the United States has undoubtedly been a major factor. Four of the parks
achieved revenues of over US $1million with total Q-bot rental revenue taken in
the parks increasing by 37% over last year. Corporate sales have also
contributed to this increase, with single orders of 100's of Q-bots becoming a
major feature of our business. Well over one and a half million people have now
used a Q-bot.



Our product has featured in a number of TV programmes including the
coast-to-coast 'Good morning America' and Fox news in Atlanta.


The painstaking work of minor modifications to the Q-bot design has also paid
dividends with the new rugged case being much more resilient and waterproof.


Further system enhancements to improve performance and to add features have been
completed this year including Q pass, an electronic immediate front of the line
facility. Our show reservation capability has been brought into use during the
year.


The R&D team have also perfected a wireless backbone system for data
transmission throughout the park and this will allow both a lower cost and
quicker installation of a full system.


Relocating our UK offices in Henley is now complete.


We expect to announce the results for the full 15 month 'year' by the end of
March by including the last three months of this calendar year to the twelve
months covered in this statement. These 3 months see little theme park
attendance and therefore, the Company will receive little income.

Jeff McManus

Chairman



LO-Q PLC

Consolidated profit and loss account


Unaudited Audited
Year to 30 Year to 30
September 2005 September 2004
£ £

Turnover
Total Lo-q income from park operations 1,678,794 845,535

Cost of Sales 474,662 149,437
__________ __________

Gross profit/(loss) 1,204,132 696,098

Administrative expenses 1,128,831 1,204,222
__________ __________

Operating profit/(loss) 75,301 (508,124)

Profit on Disposal of Fixed Assets 0 159,849

Interest receivable 712 351

Interest payable and similar charges (426) (458)
__________ __________

Profit/(loss) on ordinary activities before 75,587 (348,382)
taxation

Corporation Tax repaid/(paid) 25,850 37,328
__________ __________

Profit/(loss) on ordinary activities after 101,437 (311,054)
taxation
__________ __________


Earnings (profit/(loss) per share 0.01 (0.02)
Basic (and diluted) __________ __________



LO-Q PLC


Consolidated balance sheet


Unaudited Audited
Year to 30 Year to 30
September 2005 September 2004
£ £

Fixed assets
Tangible assets 21,375 51,157
__________ __________

Current Assets
Stocks 172,351 198,448
Debtors falling due within one year 1,151 255,180
- Other debtors 14,211 12,165
- Corporation tax 28,614 41,762

Debtors falling after one year
- Prepayments & accrued income 167,424 124,342
Cash at bank and in hand 693,975 259,297
__________ __________

1,077,726 891,194
Creditors: amounts falling due
within one year 160,643 110,421
__________ __________

Net current assets/(liabilities) 917,082 780,773
__________ __________

Total assets less current liabilities 938,458 831,930
__________ __________


Capital and Reserves
Called up share capital 143,478 143,478
Share premium account 4,971,617 4,971,617
Capital reserve 12,473 12,473
Profit and loss account (4,189,110) (4,295,638)
__________ __________

Equity shareholders' funds 938,458 831,930
__________ __________



LO-Q PLC

Consolidated cash flow statement


Unaudited Audited
Year to 30 Year to 30
September 2005 September 2004
£ £

Net cash inflow/(outflow) from operating 3 393,157 (357,138)
activities
__________ __________

Returns on investments and servicing of finance
Interest received 712 351
Interest paid (426) (458)
__________ __________

Net cash inflow/(outflow) from returns on 286 (107)
investments and servicing of finance
__________ __________

Taxation
Corporation tax received 38,998 124,730
__________ __________

Capital expenditure and financial investments (2,853) 188,444
__________ __________

Cash inflow/(outflow) before use of liquid 429,588 (44,071)
resources and financing


Cash inflow/(outflow) from financing 0 0
__________ __________

Increase/(Decrease) in cash 429,588 (44,071)
__________ __________



LO-Q PLC


Notes forming part of the accounts


1 Basis of preparation


The results for the year ended 30 September 2005 are unaudited. The comparative
figures for the year ended 30 September 2004 are audited. They have been
prepared on accounting bases and policies that are consistent with those used in
the preparation of the financial statements of the Group for the year ended 30
September 2004.


The financial information contained in this report does not constitute statutory
accounts within the meaning of Section 240 of the Companies Act 1985. The
financial information for the period ended 30 September 2004 has been extracted
from the audited financial statements for that period, which have been filed
with the Registrar of Companies and which contain an unqualified audit report.


2 Profit per share


Basic profit per share for the year ended 30 September 2005 has been calculated
based on the weighted average number of shares in issue during the period of
14,347,837 (30 September 2004 - 14,347,837) and the profit for the period of
£101,437 (30 September 2004 - loss of £311,054).



The profit attributable to ordinary shareholders and the weighted average number
of ordinary shares for the purpose of calculating the diluted earnings per
ordinary share are identical to those used for basic earnings per ordinary
share. This is because the exercise of share options would have the effect of
reducing the loss per ordinary share and is therefore not dilutive under the
terms of FRS14.



3 Net cash outflow from operating activities


Unaudited Audited
Year ended Year ended
30 September 2005 September 2004
£ £

Operating profit/(loss) 75,301 (508,124)

Depreciation of tangible fixed assets 32,635 94,014

Loss on sale of tangible fixed assets - -

(Increase)/decrease in stocks 26,097 21,342

Decrease/(increase) in debtors 251,983 (30,204)

(Increase)/decrease in deferred income
and other debtors (43,082) 86,533

Increase/decrease in creditors 50,222 (20,699)


Net cash inflow/(outflow)
from operating activities 393,157 (357,138)


4 Dividend


The company does not intend to pay a dividend at this time.

Copies of this statement will be available for a period of one 1 month from the
company's registered office.

The Company Secretary, 42 Portman Road, Reading, RG30 1EA

This information is provided by RNS
The company news service from the London Stock Exchange