S Q & E Limited 05809650 false 2022-06-01 2023-05-31 2023-05-31 The principal activity of the company is that of health and safety consultants Digita Accounts Production Advanced 6.30.9574.0 true 05809650 2022-06-01 2023-05-31 05809650 2023-05-31 05809650 bus:OrdinaryShareClass1 2023-05-31 05809650 core:RetainedEarningsAccumulatedLosses 2023-05-31 05809650 core:ShareCapital 2023-05-31 05809650 core:CurrentFinancialInstruments 2023-05-31 05809650 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 05809650 core:LandBuildings core:OwnedOrFreeholdAssets 2023-05-31 05809650 core:PlantMachinery 2023-05-31 05809650 bus:SmallEntities 2022-06-01 2023-05-31 05809650 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 05809650 bus:FullAccounts 2022-06-01 2023-05-31 05809650 bus:SmallCompaniesRegimeForAccounts 2022-06-01 2023-05-31 05809650 bus:RegisteredOffice 2022-06-01 2023-05-31 05809650 bus:Director2 2022-06-01 2023-05-31 05809650 bus:OrdinaryShareClass1 2022-06-01 2023-05-31 05809650 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 05809650 core:LandBuildings core:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 05809650 core:OtherPropertyPlantEquipment 2022-06-01 2023-05-31 05809650 core:PlantMachinery 2022-06-01 2023-05-31 05809650 countries:EnglandWales 2022-06-01 2023-05-31 05809650 2022-05-31 05809650 core:LandBuildings core:OwnedOrFreeholdAssets 2022-05-31 05809650 core:PlantMachinery 2022-05-31 05809650 2021-06-01 2022-05-31 05809650 2022-05-31 05809650 bus:OrdinaryShareClass1 2022-05-31 05809650 core:RetainedEarningsAccumulatedLosses 2022-05-31 05809650 core:ShareCapital 2022-05-31 05809650 core:CurrentFinancialInstruments 2022-05-31 05809650 core:CurrentFinancialInstruments core:WithinOneYear 2022-05-31 05809650 core:LandBuildings core:OwnedOrFreeholdAssets 2022-05-31 05809650 core:PlantMachinery 2022-05-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 05809650

S Q & E Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 May 2023

 

S Q & E Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

S Q & E Limited

(Registration number: 05809650)
Balance Sheet as at 31 May 2023

Note

2023
£

2022
£

           

Fixed assets

   

 

Tangible assets

4

 

170,898

 

170,627

Current assets

   

 

Debtors

5

46,305

 

33,853

 

Cash at bank and in hand

 

303,781

 

343,852

 

 

350,086

 

377,705

 

Creditors: Amounts falling due within one year

6

(38,292)

 

(26,253)

 

Net current assets

   

311,794

 

351,452

Net assets

   

482,692

 

522,079

Capital and reserves

   

 

Called up share capital

7

1

 

1

 

Profit and loss account

482,691

 

522,078

 

Shareholders' funds

   

482,692

 

522,079

For the financial year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 2 February 2024
 

.........................................
B J Sheerin
Director

 

S Q & E Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
55 Hoghton Street
Southport
Merseyside
PR9 0PG
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The company's functional and presentational currency is GBP and no level of rounding has been used in presenting the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

S Q & E Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

15% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

S Q & E Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

4

Tangible assets

Land and buildings
£

Plant and machinery
£

Total
£

Cost or valuation

At 1 June 2022

169,188

3,396

172,584

Additions

-

488

488

At 31 May 2023

169,188

3,884

173,072

Depreciation

At 1 June 2022

-

1,957

1,957

Charge for the year

-

217

217

At 31 May 2023

-

2,174

2,174

Carrying amount

At 31 May 2023

169,188

1,710

170,898

At 31 May 2022

169,188

1,439

170,627

Included within the net book value of land and buildings above is £169,188 (2022 - £169,188) in respect of freehold land and buildings.
 

5

Debtors

Note

2023
£

2022
£

Amounts owed by related parties

34,879

33,853

Other debtors

 

11,426

-

 

46,305

33,853

 

S Q & E Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Taxation and social security

 

14,175

14,175

Other creditors

 

24,117

12,078

 

38,292

26,253

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1