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Reports Dated : 19/10/2023 Registered Number: 12412329
England and Wales

 

 

 

J SQUARED QUANTITY SURVEYING LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 February 2022

End date: 31 January 2023
Director's report and financial statements
The directors present their annual report and the financial statements for the period ended 31 January 2022.
Principal activities
Principal activity of the company during the financial year was the provision of Quantity Surveying and support services to the building industry.
Directors
The directors who served the company throughout the year were as follows:
Jamie Patten
James Spurr
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:


----------------------------------
Jamie Patten
Director

Date approved: 19 October 2023
1
Accountants report
You consider that the company is exempt from an audit for the year ended 31 January 2023 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Patten Accountancy Services
31 January 2023



....................................................
Patten Accountancy Services
1 Cambridge Close
Harlington
Doncaster
DN5 7JX
19 October 2023
2
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 4 1,840   
1,840   
Current assets      
Debtors 5 11,290    20,053 
Cash at bank and in hand 27,106    40,261 
38,396    60,314 
Creditors: amount falling due within one year 6 (33,449)   (29,233)
Net current assets 4,947    31,081 
 
Total assets less current liabilities 6,787    31,081 
Net assets 6,787    31,081 
 

Capital and reserves
     
Profit and loss account 6,787    31,081 
Shareholder's funds 6,787    31,081 
 


For the year ended 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 19 October 2023 and were signed on its behalf by:


-------------------------------
James Spurr
Director
3
General Information
J Squared Quantity Surveying Limited is a private company, limited by shares, registered in England and Wales, registration number 12412329, registration address Sum Studio, 1 Hartley Street, Sheffield, South Yorks, S23AQ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Website cost
Planning and operating costs for the company's website are charged to the income statement as incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the balance sheet when their payment has been approved by the shareholders prior to the balance sheet date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 18% Reducing Balance
2.

Directors' Emoluments

2023   2022
 
Number of directors to whom retirement benefits accrued Number   Number
Defined contribution plans 2    2 

3.

Average number of employees

The average number of employees during the period under review was 3
Average number of employees during the year was 3 (2022 : 2).
4.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 01 February 2022  
Additions 2,287    2,287 
Disposals  
At 31 January 2023 2,287    2,287 
Depreciation
At 01 February 2022  
Charge for year 447    447 
On disposals  
At 31 January 2023 447    447 
Net book values
Closing balance as at 31 January 2023 1,840    1,840 
Opening balance as at 01 February 2022  


5.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 11,290    19,636 
Other Debtors   417 
11,290    20,053 

6.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 3,522    1,587 
Taxation and Social Security 28,100    24,854 
Other Creditors 1,827    2,792 
33,449    29,233 

7.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
50 Class A shares of £1.00 each 50    50 
50    50 

4