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Company Registration No. 09595255 (England and Wales)
Squideo Limited Unaudited accounts for the year ended 31 May 2024
Squideo Limited Unaudited accounts Contents
Page
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Squideo Limited Company Information for the year ended 31 May 2024
Directors
Mr B Underwood Mr A Shelton
Company Number
09595255 (England and Wales)
Registered Office
2 Exeter Street Cottingham East Riding of Yorkshire HU16 4LU England
Accountants
Kendall Accountancy Services Limited 2 Exeter Street New Village Road Cottingham East Yorkshire HU16 4LU
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Squideo Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,754 
8,359 
Current assets
Debtors
53,609 
81,184 
Cash at bank and in hand
46,378 
49,645 
99,987 
130,829 
Creditors: amounts falling due within one year
(80,155)
(56,496)
Net current assets
19,832 
74,333 
Total assets less current liabilities
26,586 
82,692 
Creditors: amounts falling due after more than one year
(10,841)
(20,839)
Provisions for liabilities
Deferred tax
(1,588)
(1,588)
Net assets
14,157 
60,265 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
14,057 
60,165 
Shareholders' funds
14,157 
60,265 
For the year ending 31 May 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 9 August 2024 and were signed on its behalf by
Mr A Shelton Director Company Registration No. 09595255
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Squideo Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Squideo Limited is a private company, limited by shares, registered in England and Wales, registration number 09595255. The registered office is 2 Exeter Street, Cottingham, East Riding of Yorkshire, HU16 4LU, 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:
Computer equipment
20% on Cost
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
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Squideo Limited Notes to the Accounts for the year ended 31 May 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 June 2023
13,646 
Additions
1,484 
At 31 May 2024
15,130 
Depreciation
At 1 June 2023
5,287 
Charge for the year
3,089 
At 31 May 2024
8,376 
Net book value
At 31 May 2024
6,754 
At 31 May 2023
8,359 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
13,864 
43,639 
Amounts due from group undertakings etc.
39,745 
37,545 
53,609 
81,184 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
9,998 
9,998 
VAT
11,793 
- 
Taxes and social security
11,560 
35,301 
Non-equity preference shares
19,740 
- 
Other creditors
2,030 
11,178 
Loans from directors
84 
19 
Deferred income
24,950 
- 
80,155 
56,496 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
10,841 
20,839 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
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Squideo Limited Notes to the Accounts for the year ended 31 May 2024
9
Average number of employees
During the year the average number of employees was 8 (2023: 8).
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