Company Registration No. 05696757 (England and Wales)
Go Squared Limited
Unaudited accounts
for the year ended 28 February 2023
Go Squared Limited
Unaudited accounts
Contents
Go Squared Limited
Company Information
for the year ended 28 February 2023
Directors
James Benjamin Taylor
Michael James Gill
James John Gill
Robert Simon Dighero
Secretary
Michael James Gill
Company Number
05696757 (England and Wales)
Registered Office
134B Landells Road
London
SE22 9PL
Accountants
Morgans
86 High Street
Carshalton
Surrey
SM5 3AE
Go Squared Limited
Statement of financial position
as at 28 February 2023
Tangible assets
3,241
3,778
Cash at bank and in hand
430,009
123,896
Creditors: amounts falling due within one year
(191,541)
(105,559)
Net current assets
249,098
319,915
Net assets
252,339
323,693
Called up share capital
176
176
Share premium
789,923
789,923
Profit and loss account
(537,760)
(466,406)
Shareholders' funds
252,339
323,693
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 directors acknowledge their 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 of Directors and authorised for issue on 20 November 2023 and were signed on its behalf by
James Benjamin Taylor
Director
Company Registration No. 05696757
Go Squared Limited
Notes to the Accounts
for the year ended 28 February 2023
Go Squared Limited is a private company, limited by shares, registered in England and Wales, registration number 05696757. The registered office is 134B Landells Road, London, SE22 9PL.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
over 3 years
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Expenditure on research and development is written off in the year in which it is incurred.
In preparing these accounts the Directors have given consideration to the company's future prospects. The company has continued to maintain a high level of liquidity, which has enabled it comfortably to absorb the aftermath effects of the pandemic.
As a result, the Directors are confident that the company will continue to trade profitably and to meet its liabilities as they fall due and therefore that the use of the Going Concern basis in the preparation of these accounts remains appropriate.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Go Squared Limited
Notes to the Accounts
for the year ended 28 February 2023
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Tangible fixed assets
Computer equipment
At 28 February 2023
30,480
At 28 February 2023
27,239
Amounts falling due within one year
Accrued income and prepayments
256
278
Other debtors
10,242
9,999
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Creditors: amounts falling due within one year
2023
2022
Trade creditors
5,407
1,962
Taxes and social security
84,781
39,238
Other creditors
1,029
15,783
Deferred income
91,515
38,893
Allotted, called up and fully paid:
133,333 Ordinary shares of £0.001 each
133.33
133.33
42,388 Seed preference shares of £0.001 each
42.38
42.38
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Average number of employees
During the year the average number of employees was 5 (2022: 6).