Square-Line Brickwork Limited
Registered number: 06805643
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 - 84
Current assets
Debtors 5 56,119 38,679
Cash at bank and in hand 490,900 430,174
547,019 468,853
Creditors: amounts falling due within one year 6 (47,014) (48,546)
Net current assets 500,005 420,307
Total assets less current liabilities 500,005 420,391
Provisions for liabilities - (264)
Net assets 500,005 420,127
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 499,005 419,127
Shareholders' funds 500,005 420,127
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Smith
Director
Approved by the board on 16 February 2024 signed on its behalf
Square-Line Brickwork Limited
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Motor vehicles over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 February 2023 18,000
At 31 January 2024 18,000
Amortisation
At 1 February 2023 18,000
At 31 January 2024 18,000
Net book value
At 31 January 2024 -
4 Tangible fixed assets
Plant and machinery Motor vehicles Total
£ £ £
Cost
At 1 February 2023 16,173 16,515 32,688
At 31 January 2024 16,173 16,515 32,688
Depreciation
At 1 February 2023 16,089 16,515 32,604
Charge for the year 84 - 84
At 31 January 2024 16,173 16,515 32,688
Net book value
At 31 January 2024 - - -
At 31 January 2023 84 - 84
5 Debtors 2024 2023
£ £
Trade debtors - 6,530
Other debtors 56,119 32,149
56,119 38,679
6 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 43,764 20,434
Other creditors 3,250 28,112
47,014 48,546
7 Controlling party
The company is controlled by Malcom Smith and Duncan Smith.
8 Other information
Square-Line Brickwork Limited is a private company limited by shares and incorporated in England. Its registered office is:
11 Langley Park
Kingswood
Hull
HU7 3EN
Square-Line Brickwork Limited 06805643 false 2023-02-01 2024-01-31 2024-01-31 VT Final Accounts April 2022 M Smith No description of principal activity 06805643 2022-02-01 2023-01-31 06805643 core:WithinOneYear 2023-01-31 06805643 core:ShareCapital 2023-01-31 06805643 core:RetainedEarningsAccumulatedLosses 2023-01-31 06805643 2023-02-01 2024-01-31 06805643 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 06805643 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 06805643 bus:Director40 2023-02-01 2024-01-31 06805643 1 2023-02-01 2024-01-31 06805643 2 2023-02-01 2024-01-31 06805643 core:PlantMachinery 2023-02-01 2024-01-31 06805643 core:Vehicles 2023-02-01 2024-01-31 06805643 countries:England 2023-02-01 2024-01-31 06805643 bus:FRS102 2023-02-01 2024-01-31 06805643 bus:FullAccounts 2023-02-01 2024-01-31 06805643 2024-01-31 06805643 core:WithinOneYear 2024-01-31 06805643 core:ShareCapital 2024-01-31 06805643 core:RetainedEarningsAccumulatedLosses 2024-01-31 06805643 core:Goodwill 2024-01-31 06805643 core:PlantMachinery 2024-01-31 06805643 core:Vehicles 2024-01-31 06805643 2023-01-31 06805643 core:Goodwill 2023-01-31 06805643 core:PlantMachinery 2023-01-31 06805643 core:Vehicles 2023-01-31 iso4217:GBP xbrli:pure