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Company Registration No. 10605431 (England and Wales)
SQK ACCOUNTANCY LTD Unaudited accounts for the year ended 28 February 2023
SQK ACCOUNTANCY LTD Unaudited accounts Contents
Page
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SQK ACCOUNTANCY LTD Company Information for the year ended 28 February 2023
Director
Mr C Vickers
Company Number
10605431 (England and Wales)
Registered Office
275 DEANSGATE MANCHESTER ENGLAND
Accountants
SQK Accountancy Limited 275 Deansgate Manchester North West England M3 4EL
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SQK ACCOUNTANCY LTD Accountants' report
Accountants' report to the director of SQK ACCOUNTANCY LTD on the preparation of the unaudited statutory accounts for the year ended 28 February 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of SQK ACCOUNTANCY LTD for the year ended 28 February 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of SQK ACCOUNTANCY LTD, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of SQK ACCOUNTANCY LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SQK ACCOUNTANCY LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that SQK ACCOUNTANCY LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of SQK ACCOUNTANCY LTD. You consider that SQK ACCOUNTANCY LTD 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 accounts of SQK ACCOUNTANCY LTD. 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 accounts.
SQK Accountancy Limited 275 Deansgate Manchester North West England M3 4EL 29 November 2023
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SQK ACCOUNTANCY LTD Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,038 
1,605 
Investments
3,034 
1,364 
4,072 
2,969 
Current assets
Debtors
55,629 
55,396 
Cash at bank and in hand
50,702 
44,535 
106,331 
99,931 
Creditors: amounts falling due within one year
(37,341)
(35,400)
Net current assets
68,990 
64,531 
Total assets less current liabilities
73,062 
67,500 
Creditors: amounts falling due after more than one year
(11,153)
(16,478)
Net assets
61,909 
51,022 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
61,809 
50,922 
Shareholders' funds
61,909 
51,022 
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 29 November 2023 and were signed on its behalf by
Mr C Vickers Director Company Registration No. 10605431
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SQK ACCOUNTANCY LTD Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
SQK ACCOUNTANCY LTD is a private company, limited by shares, registered in England and Wales, registration number 10605431. The registered office is 275 DEANSGATE, MANCHESTER, ENGLAND.
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:
Plant & machinery
25% Straight line
Fixtures & fittings
25% straight line
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2022
2,929 
724 
3,653 
Additions
294 
- 
294 
Disposals
(283)
(634)
(917)
At 28 February 2023
2,940 
90 
3,030 
Depreciation
At 1 March 2022
1,585 
463 
2,048 
Charge for the year
586 
- 
586 
On disposals
(269)
(373)
(642)
At 28 February 2023
1,902 
90 
1,992 
Net book value
At 28 February 2023
1,038 
- 
1,038 
At 28 February 2022
1,344 
261 
1,605 
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SQK ACCOUNTANCY LTD Notes to the Accounts for the year ended 28 February 2023
5
Investments
Other investments 
£ 
Valuation at 1 March 2022
1,364 
Additions
1,670 
Valuation at 28 February 2023
3,034 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
55,629 
55,396 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
4,870 
4,870 
Taxes and social security
31,919 
28,966 
Other creditors
357 
299 
Loans from directors
195 
1,265 
37,341 
35,400 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
11,153 
16,478 
9
Average number of employees
During the year the average number of employees was 5 (2022: 4).
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