1 July 2022 v2023.23.2 limited_company_frs_102_section_1a_v1_1_0 companies_houseSoftwarefalsetruetruetrueNo description of principal activitytruexbrli:purexbrli:sharesiso4217:GBP062809572022-07-012023-06-30062809572023-06-30062809572022-06-3006280957core:WithinOneYear2023-06-3006280957core:WithinOneYear2022-06-3006280957core:AfterOneYear2023-06-3006280957core:AfterOneYear2022-06-3006280957core:ShareCapital2023-06-3006280957core:ShareCapital2022-06-3006280957core:RetainedEarningsAccumulatedLosses2023-06-3006280957core:RetainedEarningsAccumulatedLosses2022-06-3006280957bus:Director12022-07-012023-06-3006280957bus:RegisteredOffice2022-07-012023-06-3006280957core:OfficeEquipment2022-07-012023-06-3006280957core:MotorVehicles2022-07-012023-06-30062809572021-07-012022-06-3006280957core:PlantMachinery2022-07-0106280957core:PlantMachinery2022-07-012023-06-3006280957core:PlantMachinery2023-06-3006280957core:PlantMachinery2022-06-300628095712022-07-012023-06-3006280957countries:EnglandWales2022-07-012023-06-3006280957bus:AuditExemptWithAccountantsReport2022-07-012023-06-3006280957bus:PrivateLimitedCompanyLtd2022-07-012023-06-3006280957bus:SmallEntities2022-07-012023-06-3006280957bus:FullAccounts2022-07-012023-06-30
Company registration number:
06280957
Foursquare Solutions Ltd
Unaudited Filleted Financial Statements for the year ended
30 June 2023
Foursquare Solutions Ltd
Statement of Financial Position
30 June 2023
20232022
Note££
Fixed assets    
Tangible assets 5
17,079
 
9,628
 
Current assets    
Debtors 6
38,240
 
19,212
 
Cash at bank and in hand
22,406
 
25,418
 
60,646
 
44,630
 
Creditors: amounts falling due within one year 7
(53,799
)
(32,889
)
Net current assets
6,847
 
11,741
 
Total assets less current liabilities 23,926   21,369  
Creditors: amounts falling due after more than one year 8
(13,000
)
(19,000
)
Provisions for liabilities
(1,516
)
(2,079
)
Net assets
9,410
 
290
 
Capital and reserves    
Called up share capital
2
 
2
 
Profit and loss account
9,408
 
288
 
Shareholders funds
9,410
 
290
 
For the year ending
30 June 2023
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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 income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
3 October 2023
, and are signed on behalf of the board by:
Mr Matthew Bagley
Director
Company registration number:
06280957
Foursquare Solutions Ltd
Notes to the Financial Statements
Year ended
30 June 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
3 Osprey Drive
,
Great Coates
,
Grimsby
,
North East Lincolnshire
,
DN37 9HT
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods and services supplied, net of discounts and Value Added Tax.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Office equipment
33% straight line
Motor vehicles
25% reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

4 Average number of employees

The average number of persons employed by the company during the year was
1
(2022:
1.00
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 July 2022
47,838
 
Additions
15,666
 
At
30 June 2023
63,504
 
Depreciation  
At
1 July 2022
38,210
 
Charge
8,215
 
At
30 June 2023
46,425
 
Carrying amount  
At
30 June 2023
17,079
 
At 30 June 2022
9,628
 

6 Debtors

20232022
££
Trade debtors
38,240
 
2,262
 
Other debtors -  
16,950
 
38,240
 
19,212
 

7 Creditors: amounts falling due within one year

20232022
££
Bank loans and overdrafts
6,000
 
6,000
 
Trade creditors
7,079
  -  
Taxation and social security
34,113
 
19,910
 
Other creditors
6,607
 
6,979
 
53,799
 
32,889
 

8 Creditors: amounts falling due after more than one year

20232022
££
Bank loans and overdrafts
13,000
 
19,000
 

9 Director's advances, credit and guarantees

Included in debtors is a balance due from the director of £Nil (2022 - £16,950), advances during the period amount to £78,875 (2022 - £66,948), repayments during the period amount to £97,200 (2022 - £59,500). The loan is subject to interest at HMRC approved rates and is repayable on demand.