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REGISTERED NUMBER: 08873310 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

5 Squirrels Ltd

5 Squirrels Ltd (Registered number: 08873310)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


5 Squirrels Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr Gary Conroy
Mr Jonathan Lee Helm





REGISTERED OFFICE: Unit 8 Industrial House
Conway Street
Hove
East Sussex
BN3 3LW





REGISTERED NUMBER: 08873310 (England and Wales)





ACCOUNTANTS: Atkinsons
Chartered Accountants
Palmeira Avenue Mansions
19 Church Road
Hove
East Sussex
BN3 2FA

5 Squirrels Ltd (Registered number: 08873310)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 54,962 79,762

CURRENT ASSETS
Stocks 51,249 103,313
Debtors 5 73,055 88,904
Cash at bank and in hand 294,939 267,195
419,243 459,412
CREDITORS
Amounts falling due within one year 6 82,355 75,372
NET CURRENT ASSETS 336,888 384,040
TOTAL ASSETS LESS CURRENT
LIABILITIES

391,850

463,802

PROVISIONS FOR LIABILITIES 8,003 19,941
NET ASSETS 383,847 443,861

CAPITAL AND RESERVES
Called up share capital 101 100
Retained earnings 383,746 443,761
383,847 443,861

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

5 Squirrels Ltd (Registered number: 08873310)

Balance Sheet - continued
31 December 2023


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:





Mr Gary Conroy - Director


5 Squirrels Ltd (Registered number: 08873310)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

5 Squirrels 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33% on reducing balance
Fixtures and fittings - 33% on reducing balance
Computer equipment - over 3 years straight line

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.

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.

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 13 (2022 - 13 ) .

5 Squirrels Ltd (Registered number: 08873310)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023 123,817 24,549 7,336 155,702
Additions 2,883 745 179 3,807
Disposals (738 ) - - (738 )
At 31 December 2023 125,962 25,294 7,515 158,771
DEPRECIATION
At 1 January 2023 60,439 11,683 3,818 75,940
Charge for year 21,290 4,377 2,230 27,897
Eliminated on disposal (28 ) - - (28 )
At 31 December 2023 81,701 16,060 6,048 103,809
NET BOOK VALUE
At 31 December 2023 44,261 9,234 1,467 54,962
At 31 December 2022 63,378 12,866 3,518 79,762

5. DEBTORS
31.12.23 31.12.22
£    £   
Amounts falling due within one year:
Trade debtors 60,606 54,192
Other debtors 3,699 25,962
64,305 80,154

Amounts falling due after more than one year:
Other debtors 8,750 8,750

Aggregate amounts 73,055 88,904

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 25,863 17,376
Taxation and social security 47,053 51,406
Other creditors 9,439 6,590
82,355 75,372

7. RELATED PARTY DISCLOSURES

Included in other creditors is £2,779 (2022 - £1,864) which is owed to Mr G Conroy, a director and shareholder of the company. This loan is provided on an interest free basis and is repayable on demand.

No other transactions with related parties were undertaken such as are required to be disclosed under Section 1A Small Entities of Financial Reporting Standard 102.