Company Registration No. 05222930 (England and Wales)
SQES Limited
Unaudited accounts
for the year ended 31 July 2023
SQES Limited
Unaudited accounts
Contents
SQES Limited
Company Information
for the year ended 31 July 2023
Secretary
Patricia Anne Coulson
Company Number
05222930 (England and Wales)
Registered Office
24 Highfield View
Barlby
Selby
North Yorkshire
YO8 5HB
Accountants
MSF Accountants Ltd
Suite 21
Call House
Enfield Street
Leeds
West Yorkshire
LS7 1RF
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of SQES Limited for the year ended 31 July 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
SQES Limited for the year ended
31 July 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of SQES Limited, as a body, in accordance with the terms of our engagement letter dated 30 June 2015. Our work has been undertaken solely to prepare for your approval the accounts of SQES Limited and state those matters that we have agreed to state to the Board of Directors of SQES Limited, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SQES Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that SQES Limited 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 SQES Limited. You consider that SQES Limited 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 SQES Limited. 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.
MSF Accountants Ltd
Chartered Accountants
Suite 21
Call House
Enfield Street
Leeds
West Yorkshire
LS7 1RF
4 March 2024
SQES Limited
Statement of financial position
as at 31 July 2023
Tangible assets
36,335
11,625
Cash at bank and in hand
10,244
13,893
Creditors: amounts falling due within one year
(19,216)
(18,258)
Net current (liabilities)/assets
(151)
8,452
Total assets less current liabilities
36,184
20,077
Creditors: amounts falling due after more than one year
(24,800)
(13,633)
Called up share capital
100
100
Profit and loss account
11,284
6,344
Shareholders' funds
11,384
6,444
For the year ending 31 July 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 her 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 4 March 2024 and were signed on its behalf by
Suzanne Douglas
Director
Company Registration No. 05222930
SQES Limited
Notes to the Accounts
for the year ended 31 July 2023
SQES Limited is a private company, limited by shares, registered in England and Wales, registration number 05222930. The registered office is 24 Highfield View, Barlby, Selby, North Yorkshire, YO8 5HB.
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
33.33% reducing balance
Motor vehicles
25% straight line
Fixtures & fittings
25% reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2022
9,789
38,160
5,824
53,773
Additions
872
36,490
-
37,362
Disposals
-
(38,160)
-
(38,160)
At 31 July 2023
10,661
36,490
5,824
52,975
At 1 August 2022
9,557
28,620
3,971
42,148
Charge for the year
368
9,436
463
10,267
On disposals
-
(35,775)
-
(35,775)
At 31 July 2023
9,925
2,281
4,434
16,640
At 31 July 2023
736
34,209
1,390
36,335
At 31 July 2022
232
9,540
1,853
11,625
SQES Limited
Notes to the Accounts
for the year ended 31 July 2023
Amounts falling due within one year
Trade debtors
8,173
10,942
Accrued income and prepayments
648
1,835
6
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
4,953
5,446
Taxes and social security
10,497
11,312
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
24,800
13,633
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).