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REGISTERED NUMBER: 09646548 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 June 2023

for

BSQUARE Controls Limited

BSQUARE Controls Limited (Registered number: 09646548)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


BSQUARE Controls Limited (Registered number: 09646548)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,829 27,591

CURRENT ASSETS
Debtors 5 921,210 553,506
Cash at bank 45,360 38,797
966,570 592,303
CREDITORS
Amounts falling due within one year 6 243,526 180,065
NET CURRENT ASSETS 723,044 412,238
TOTAL ASSETS LESS CURRENT LIABILITIES 744,873 439,829

CREDITORS
Amounts falling due after more than one year 7 (10,756 ) (13,601 )

PROVISIONS FOR LIABILITIES (2,400 ) (2,408 )
NET ASSETS 731,717 423,820

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 731,617 423,720
SHAREHOLDERS' FUNDS 731,717 423,820

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 October 2023 and were signed on its behalf by:





R B W Bradley - Director


BSQUARE Controls Limited (Registered number: 09646548)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

BSQUARE Controls Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09646548

Registered office: Spring Court
Spring Road
Hale
Altrincham
Cheshire
WA14 2UQ

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, being the 12 month period from the date of these accounts being approved.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 33.33% on cost
Motor vehicles - 25% on cost
Computer equipment - 33.33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

BSQUARE Controls Limited (Registered number: 09646548)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2022 12,209 22,184 18,855 53,248
Additions - - 9,031 9,031
At 30 June 2023 12,209 22,184 27,886 62,279
DEPRECIATION
At 1 July 2022 5,232 6,008 14,417 25,657
Charge for year 3,701 5,546 5,546 14,793
At 30 June 2023 8,933 11,554 19,963 40,450
NET BOOK VALUE
At 30 June 2023 3,276 10,630 7,923 21,829
At 30 June 2022 6,977 16,176 4,438 27,591

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 July 2022
and 30 June 2023 22,184
DEPRECIATION
At 1 July 2022 6,008
Charge for year 5,546
At 30 June 2023 11,554
NET BOOK VALUE
At 30 June 2023 10,630
At 30 June 2022 16,176

BSQUARE Controls Limited (Registered number: 09646548)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 473,610 270,355
Other debtors 447,600 283,151
921,210 553,506

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 2,844 2,844
Trade creditors 10,404 31,478
Taxation and social security 194,972 140,395
Other creditors 35,306 5,348
243,526 180,065

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 10,756 13,601

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 13,600 16,445