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REGISTERED NUMBER: 00802495 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

J.G. Squire Limited

J.G. Squire Limited (Registered number: 00802495)

Contents of the Financial Statements
for the Year Ended 31 January 2023










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


J.G. Squire Limited

Company Information
for the Year Ended 31 January 2023







DIRECTORS: Mrs P L Squire
Mr J D Squire



SECRETARY: Mr A J Squire



REGISTERED OFFICE: Queen Street Chambers
68 Queen Street
Sheffield
South Yorkshire
S1 1WR



BUSINESS ADDRESS: 54 Falsgrave Road
Scarborough
North Yorkshire
YO12 5AX



REGISTERED NUMBER: 00802495 (England and Wales)



ACCOUNTANTS: Landin Wilcock & Co
Chartered Accountants
68 Queen Street
Sheffield
South Yorkshire
S1 1WR



BANKERS: Barclays Bank plc
13 St Nicholas Street
Scarborough
YO11 2HS

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
J.G. Squire Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Directors' Report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of J.G. Squire Limited for the year ended 31 January 2023 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of J.G. Squire Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of J.G. Squire Limited and state those matters that we have agreed to state to the Board of Directors of J.G. Squire Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than J.G. Squire Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that J.G. Squire Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of J.G. Squire Limited. You consider that J.G. Squire Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of J.G. Squire Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Landin Wilcock & Co
Chartered Accountants
68 Queen Street
Sheffield
South Yorkshire
S1 1WR


25 October 2023

J.G. Squire Limited (Registered number: 00802495)

Balance Sheet
31 January 2023

31/1/23 31/1/22
Notes £    £   
FIXED ASSETS
Tangible assets 4 96,084 63,614

CURRENT ASSETS
Stocks 68,034 56,845
Debtors 5 122,346 87,923
Cash at bank 41,278 106,220
231,658 250,988
CREDITORS
Amounts falling due within one year 6 (210,845 ) (212,175 )
NET CURRENT ASSETS 20,813 38,813
TOTAL ASSETS LESS CURRENT LIABILITIES 116,897 102,427

PROVISIONS FOR LIABILITIES (3,044 ) (3,839 )
NET ASSETS 113,853 98,588

CAPITAL AND RESERVES
Called up share capital 135 135
Retained earnings 113,718 98,453
113,853 98,588

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 October 2023 and were signed on its behalf by:



Mr J D Squire - Director


J.G. Squire Limited (Registered number: 00802495)

Notes to the Financial Statements
for the Year Ended 31 January 2023


1. STATUTORY INFORMATION

J.G. Squire Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

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 the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 25% on reducing balance and 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible fixed assets are initially measured at cost. Subsequently, they are measured at cost less accumulated depreciation and impairment losses.

Government grants
The company has applied the accruals model when accounting for government grants which are received by the company relating to income, expenses or assets.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the asset of the company after deducting all of its liabilities.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


J.G. Squire Limited (Registered number: 00802495)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 February 2022 80,000 8,487 46,210 13,660 148,357
Additions - 2,850 - 39,730 42,580
At 31 January 2023 80,000 11,337 46,210 53,390 190,937
DEPRECIATION
At 1 February 2022 32,000 7,230 40,710 4,803 84,743
Charge for year 1,600 781 549 7,180 10,110
At 31 January 2023 33,600 8,011 41,259 11,983 94,853
NET BOOK VALUE
At 31 January 2023 46,400 3,326 4,951 41,407 96,084
At 31 January 2022 48,000 1,257 5,500 8,857 63,614

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/23 31/1/22
£    £   
Trade debtors 81,624 53,123
Other debtors 40,722 34,800
122,346 87,923

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/23 31/1/22
£    £   
Trade creditors 116,402 116,648
Taxation and social security 22,031 21,202
Other creditors 72,412 74,325
210,845 212,175

J.G. Squire Limited (Registered number: 00802495)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023


7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2023 and 31 January 2022:

31/1/23 31/1/22
£    £   
Mrs P L Squire
Balance outstanding at start of year 1,129 4,858
Amounts advanced 24,200 24,200
Amounts repaid (46,292 ) (27,929 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (20,963 ) 1,129