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
SQK ACCOUNTANCY LTD
Company Information
for the year ended 28 February 2023
Company Number
10605431 (England and Wales)
Registered Office
275 DEANSGATE
MANCHESTER
ENGLAND
Accountants
SQK Accountancy Limited
275 Deansgate
Manchester
North West England
M3 4EL
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
SQK ACCOUNTANCY LTD
Statement of financial position
as at 28 February 2023
Tangible assets
1,038
1,605
Cash at bank and in hand
50,702
44,535
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)
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
SQK ACCOUNTANCY LTD
Notes to the Accounts
for the year ended 28 February 2023
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.
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:
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
At 28 February 2023
2,940
90
3,030
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
At 28 February 2023
1,038
-
1,038
At 28 February 2022
1,344
261
1,605
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
Valuation at 28 February 2023
3,034
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
Loans from directors
195
1,265
8
Creditors: amounts falling due after more than one year
2023
2022
9
Average number of employees
During the year the average number of employees was 5 (2022: 4).