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Company Registration No. 11087602 (England and Wales)
Squires M Limited Unaudited accounts for the year ended 30 November 2023
Squires M Limited Unaudited accounts Contents
Page
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Squires M Limited Company Information for the year ended 30 November 2023
Directors
Lesley Ann Squires Martin Paul Squires
Secretary
Lesley Ann Squires
Company Number
11087602 (England and Wales)
Registered Office
Higher Commons Cottage Teignmouth Road Maidencombe Torquay Devon TQ1 4TP England
Accountants
Leonard Woodbridge FMAAT, BA(Hons) Tree House, Primley Court Waterleat Road Paignton Devon TQ3 3UH
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Squires M Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
240,359 
43,871 
Current assets
Inventories
53,197 
54,251 
Debtors
52,277 
48,478 
Cash at bank and in hand
118,800 
240,199 
224,274 
342,928 
Creditors: amounts falling due within one year
(159,667)
(98,542)
Net current assets
64,607 
244,386 
Total assets less current liabilities
304,966 
288,257 
Creditors: amounts falling due after more than one year
(42,699)
(76,692)
Provisions for liabilities
Deferred tax
(14,224)
(8,335)
Net assets
248,043 
203,230 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
248,042 
203,229 
Shareholders' funds
248,043 
203,230 
For the year ending 30 November 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 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 31 August 2024 and were signed on its behalf by
Lesley Ann Squires Director Company Registration No. 11087602
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Squires M Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Squires M Limited is a private company, limited by shares, registered in England and Wales, registration number 11087602. The registered office is Higher Commons Cottage, Teignmouth Road, Maidencombe, Torquay, Devon, TQ1 4TP, 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:
Plant & machinery
33.33% Reducing Balance Basis
Motor vehicles
25.00% Reducing Balance Basis
Computer equipment
33.33% Reducing Balance Basis
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 December 2022
- 
- 
87,400 
7,475 
94,875 
Additions
183,461 
2,590 
41,346 
- 
227,397 
Disposals
- 
- 
(37,500)
(6,527)
(44,027)
At 30 November 2023
183,461 
2,590 
91,246 
948 
278,245 
Depreciation
At 1 December 2022
- 
- 
45,792 
5,212 
51,004 
Charge for the year
- 
863 
18,328 
93 
19,284 
On disposals
- 
- 
(27,859)
(4,543)
(32,402)
At 30 November 2023
- 
863 
36,261 
762 
37,886 
Net book value
At 30 November 2023
183,461 
1,727 
54,985 
186 
240,359 
At 30 November 2022
- 
- 
41,608 
2,263 
43,871 
2023 
2022 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
23,975 
31,967 
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Squires M Limited Notes to the Accounts for the year ended 30 November 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
47,003 
45,868 
Accrued income and prepayments
2,949 
1,493 
Other debtors
2,325 
1,117 
52,277 
48,478 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,000 
- 
VAT
5,834 
9,252 
Obligations under finance leases and hire purchase contracts
6,428 
- 
Trade creditors
449 
1 
Taxes and social security
21,440 
23,343 
Loans from directors
44,626 
39,146 
Accruals
70,890 
26,800 
159,667 
98,542 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
15,833 
35,917 
Obligations under finance leases and hire purchase contracts
26,866 
40,775 
42,699 
76,692 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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