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REGISTERED NUMBER: 11798698 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Squire Editions Ltd

Squire Editions Ltd (Registered number: 11798698)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

Squire Editions Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTORS: H G Waller
T Waller





REGISTERED OFFICE: Lakeview House
4 Woodbrook Crescent
Billericay
CM12 0EQ





REGISTERED NUMBER: 11798698 (England and Wales)





ACCOUNTANTS: Mudd Partners LLP
Chartered Accountants
Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ

Squire Editions Ltd (Registered number: 11798698)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 390 780
Tangible assets 5 72,527 33,200
72,917 33,980

CURRENT ASSETS
Stocks 6 161,168 154,484
Debtors 7 195,918 84,644
Cash at bank and in hand 11,489 1,587
368,575 240,715
CREDITORS
Amounts falling due within one year 8 648,572 388,625
NET CURRENT LIABILITIES (279,997 ) (147,910 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(207,080

)

(113,930

)

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (207,180 ) (114,030 )
SHAREHOLDERS' FUNDS (207,080 ) (113,930 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Squire Editions Ltd (Registered number: 11798698)

Balance Sheet - continued
31 January 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 August 2024 and were signed on its behalf by:





H G Waller - Director


Squire Editions Ltd (Registered number: 11798698)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Squire Editions Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company has a balance sheet deficit of £207,080 (2023: £113,930) and a current year loss £93,150 (2023: loss of £55,159). The company is dependent on the continuing support of the directors and related company.

Turnover
Turnover represents the value of sales to customers, net of discounts, allowances, volume and promotional rebates and other payments to customers and excludes VAT. Sale of goods are recognised when the company has delivered product to the customer, the customer has accepted the products and collectability of the related receivable is reasonably assured.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Over the period of the lease
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Squire Editions Ltd (Registered number: 11798698)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 February 2023
and 31 January 2024 1,170
AMORTISATION
At 1 February 2023 390
Amortisation for year 390
At 31 January 2024 780
NET BOOK VALUE
At 31 January 2024 390
At 31 January 2023 780

Squire Editions Ltd (Registered number: 11798698)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 February 2023 - 10,567 -
Additions 20,720 47,503 13,137
Disposals - - -
At 31 January 2024 20,720 58,070 13,137
DEPRECIATION
At 1 February 2023 - 4,439 -
Charge for year 3,187 13,408 3,286
Eliminated on disposal - - -
At 31 January 2024 3,187 17,847 3,286
NET BOOK VALUE
At 31 January 2024 17,533 40,223 9,851
At 31 January 2023 - 6,128 -

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2023 33,000 3,620 47,187
Additions 5,335 4,237 90,932
Disposals (38,335 ) - (38,335 )
At 31 January 2024 - 7,857 99,784
DEPRECIATION
At 1 February 2023 8,250 1,298 13,987
Charge for year - 1,639 21,520
Eliminated on disposal (8,250 ) - (8,250 )
At 31 January 2024 - 2,937 27,257
NET BOOK VALUE
At 31 January 2024 - 4,920 72,527
At 31 January 2023 24,750 2,322 33,200

6. STOCKS
31.1.24 31.1.23
£    £   
Stocks 161,168 154,484

Squire Editions Ltd (Registered number: 11798698)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 170,951 67,380
VAT 1,827 3,800
Prepayments 23,140 13,464
195,918 84,644

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 221,667 99,110
Social security and other taxes 4,279 1,886
Other creditors 236,713 246,451
Directors' current accounts 1,010 19,311
Accrued expenses 184,903 21,867
648,572 388,625

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
99 Ordinary 1 100 100

10. RELATED PARTY DISCLOSURES

Included in Other Creditors is £156,000 (2023:£203,009) and a further £13,780 (2023:£50,581) included in Trade Creditors are amounts owed to Chichester Cars Ltd, a company with the same directors and shareholders as Squire Editions Ltd.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Squire Editions Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Squire Editions Ltd for the year ended 31 January 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Squire Editions Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Squire Editions Ltd and state those matters that we have agreed to state to the Board of Directors of Squire Editions Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Squire Editions Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Squire Editions Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Squire Editions Ltd. You consider that Squire Editions 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 financial statements of Squire Editions 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 financial statements.






Mudd Partners LLP
Chartered Accountants
Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ


20 August 2024