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Company Registration No. 09595255 (England and Wales)
Squideo Limited Unaudited accounts for the year ended 31 May 2022
Squideo Limited Unaudited accounts Contents
Page
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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
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Squideo Limited Statement of financial position as at 31 May 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,360 
6,676 
Current assets
Debtors
63,879 
16,065 
Cash at bank and in hand
53,543 
98,594 
117,422 
114,659 
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
Deferred tax
(1,398)
- 
Net assets
48,593 
44,694 
Capital and reserves
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
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Squideo Limited Notes to the Accounts for the year ended 31 May 2022
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
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
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.
Foreign exchange
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.
Pension costs
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.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
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Squideo Limited Notes to the Accounts for the year ended 31 May 2022
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 June 2021
10,355 
Additions
3,125 
At 31 May 2022
13,480 
Depreciation
At 1 June 2021
3,679 
Charge for the year
2,441 
At 31 May 2022
6,120 
Net book value
At 31 May 2022
7,360 
At 31 May 2021
6,676 
5
Debtors: amounts falling due within one year
2022 
2021 
£ 
£ 
Trade debtors
26,834 
16,065 
Amounts due from group undertakings etc.
37,045 
- 
63,879 
16,065 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
14,629 
2,960 
VAT
13,924 
- 
Taxes and social security
14,846 
22,259 
Other creditors
555 
489 
Loans from directors
- 
933 
43,954 
26,641 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
30,837 
50,000 
8
Share capital
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).
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