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
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
Squires M Limited
Statement of financial position
as at 30 November 2023
Tangible assets
240,359
43,871
Cash at bank and in hand
118,800
240,199
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
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
Squires M Limited
Notes to the Accounts
for the year ended 30 November 2023
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.
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 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
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
At 30 November 2023
183,461
1,727
54,985
186
240,359
At 30 November 2022
-
-
41,608
2,263
43,871
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
23,975
31,967
Squires M Limited
Notes to the Accounts
for the year ended 30 November 2023
Amounts falling due within one year
Trade debtors
47,003
45,868
Accrued income and prepayments
2,949
1,493
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,000
-
Obligations under finance leases and hire purchase contracts
6,428
-
Taxes and social security
21,440
23,343
Loans from directors
44,626
39,146
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
26,866
40,775
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).