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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
Page
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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
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Go Squared Limited Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,241 
3,778 
Current assets
Debtors
10,630 
301,578 
Cash at bank and in hand
430,009 
123,896 
440,639 
425,474 
Creditors: amounts falling due within one year
(191,541)
(105,559)
Net current assets
249,098 
319,915 
Net assets
252,339 
323,693 
Capital and reserves
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
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Go Squared Limited Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
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.
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.
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
Foreign exchange
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.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Going concern
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.
Pension costs
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
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.
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Go Squared Limited Notes to the Accounts for the year ended 28 February 2023
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 March 2022
27,196 
Additions
3,534 
Disposals
(250)
At 28 February 2023
30,480 
Depreciation
At 1 March 2022
23,418 
Charge for the year
3,821 
At 28 February 2023
27,239 
Net book value
At 28 February 2023
3,241 
At 28 February 2022
3,778 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
132 
291,301 
Accrued income and prepayments
256 
278 
Other debtors
10,242 
9,999 
10,630 
301,578 
6
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 
Accruals
8,809 
9,683 
Deferred income
91,515 
38,893 
191,541 
105,559 
7
Share capital
2023 
2022 
£ 
£ 
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 
175.71 
175.71 
8
Average number of employees
During the year the average number of employees was 5 (2022: 6).
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