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Company Registration No. 04663318 (England and Wales)
Square Two Lubrication Limited Unaudited accounts for the year ended 28 February 2023
Square Two Lubrication Limited Unaudited accounts Contents
Page
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Square Two Lubrication Limited Company Information for the year ended 28 February 2023
Director
H McEvaddy
Company Number
04663318 (England and Wales)
Registered Office
The Corner House 4 Beaumont Road Church Stretton Shropshire SY6 6BN United Kingdom
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Square Two Lubrication Limited Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
23,270 
22,404 
Current assets
Inventories
738 
741 
Debtors
34,307 
34,916 
Cash at bank and in hand
130,701 
127,064 
165,746 
162,721 
Creditors: amounts falling due within one year
(89,956)
(67,016)
Net current assets
75,790 
95,705 
Total assets less current liabilities
99,060 
118,109 
Creditors: amounts falling due after more than one year
(40,843)
(46,669)
Provisions for liabilities
Deferred tax
(4,048)
(3,802)
Net assets
54,169 
67,638 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
54,069 
67,538 
Shareholders' funds
54,169 
67,638 
For the year ending 28 February 2023 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 director acknowledges his 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 and authorised for issue on 13 November 2023 and were signed on its behalf by
H McEvaddy Director Company Registration No. 04663318
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Square Two Lubrication Limited Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Square Two Lubrication Limited is a private company, limited by shares, registered in England and Wales, registration number 04663318. The registered office is The Corner House, 4 Beaumont Road, Church Stretton, Shropshire, SY6 6BN, United Kingdom.
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.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% per annum reducing balance
Motor vehicles
25% per annum reducing balance
Fixtures & fittings
10% per annum reducing balance
Computer equipment
15% per annum reducing balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 March 2022
24,057 
33,745 
238 
255 
58,295 
Additions
- 
5,045 
- 
- 
5,045 
At 28 February 2023
24,057 
38,790 
238 
255 
63,340 
Depreciation
At 1 March 2022
6,413 
29,242 
24 
212 
35,891 
Charge for the year
1,765 
2,387 
21 
6 
4,179 
At 28 February 2023
8,178 
31,629 
45 
218 
40,070 
Net book value
At 28 February 2023
15,879 
7,161 
193 
37 
23,270 
At 28 February 2022
17,644 
4,503 
214 
43 
22,404 
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Square Two Lubrication Limited Notes to the Accounts for the year ended 28 February 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
33,557 
34,166 
Other debtors
750 
750 
34,307 
34,916 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
42,838 
6,118 
Taxes and social security
16,590 
20,131 
Other creditors
3,317 
3,317 
Loans from directors
26,316 
36,555 
Accruals
895 
895 
89,956 
67,016 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
40,843 
46,669 
8
Share capital
2023 
2022 
£ 
£ 
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 1 (2022: 1).
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