Company Registration No. 09595255 (England and Wales)
Squideo Limited
Unaudited accounts
for the year ended 31 May 2022
Squideo Limited
Unaudited accounts
Contents
Squideo Limited
Company Information
for the year ended 31 May 2022
Directors
Mr B Underwood
Mr A Shelton
Company Number
09595255 (England and Wales)
Registered Office
2 Exeter Street
Cottingham
East Riding of Yorkshire
HU16 4LU
England
Accountants
Kendall Accountancy Services Limited
2 Exeter Street
New Village Road
Cottingham
East Yorkshire
HU16 4LU
Squideo Limited
Statement of financial position
as at 31 May 2022
Tangible assets
7,360
6,676
Cash at bank and in hand
53,543
98,594
Creditors: amounts falling due within one year
(43,954)
(26,641)
Net current assets
73,468
88,018
Total assets less current liabilities
80,828
94,694
Creditors: amounts falling due after more than one year
(30,837)
(50,000)
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
48,493
44,594
Shareholders' funds
48,593
44,694
For the year ending 31 May 2022 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 directors acknowledge their 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 of Directors and authorised for issue on 12 August 2022 and were signed on its behalf by
Mr A Shelton
Director
Company Registration No. 09595255
Squideo Limited
Notes to the Accounts
for the year ended 31 May 2022
Squideo Limited is a private company, limited by shares, registered in England and Wales, registration number 09595255. The registered office is 2 Exeter Street, Cottingham, East Riding of Yorkshire, HU16 4LU, England.
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 remained unchanged from the previous year, and also 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:
Computer equipment
20% on Cost
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Expenditure on research and development is written off in the year in which it is incurred.
Squideo Limited
Notes to the Accounts
for the year ended 31 May 2022
4
Tangible fixed assets
Computer equipment
5
Debtors: amounts falling due within one year
2022
2021
Trade debtors
26,834
16,065
Amounts due from group undertakings etc.
37,045
-
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
14,629
2,960
Taxes and social security
14,846
22,259
Loans from directors
-
933
7
Creditors: amounts falling due after more than one year
2022
2021
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 8 (2021: 8).