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REGISTERED NUMBER: NI663121 (Northern Ireland)











GSQ Solutions Ltd

Unaudited Financial Statements

for the Year Ended 31 December 2023






GSQ Solutions Ltd (Registered number: NI663121)

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










Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


GSQ Solutions Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: W M McDowell
T R Poots
Trom Limited





REGISTERED OFFICE: 51 Old Ballygowan Road
Comber
Newtownards
Co. Down
BT23 5NP





REGISTERED NUMBER: NI663121 (Northern Ireland)





ACCOUNTANTS: S.M. Vint & Company
Chartered Certified Accountants
8 Newry Road
Banbridge
Co. Down
BT32 3HN

GSQ Solutions Ltd

Report of the Accountants to the Directors of
GSQ Solutions 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.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2023 set out on pages four to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






S.M. Vint & Company
Chartered Certified Accountants
8 Newry Road
Banbridge
Co. Down
BT32 3HN


17 September 2024

GSQ Solutions Ltd (Registered number: NI663121)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,590 5,738

CURRENT ASSETS
Stocks 5,000 30,000
Debtors 5 106,411 41,727
Cash at bank 99 89
111,510 71,816
CREDITORS
Amounts falling due within one year 6 125,148 83,602
NET CURRENT LIABILITIES (13,638 ) (11,786 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(9,048

)

(6,048

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (9,049 ) (6,049 )
SHAREHOLDERS' FUNDS (9,048 ) (6,048 )

GSQ Solutions Ltd (Registered number: NI663121)

Balance Sheet - continued
31 December 2023


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.

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 17 September 2024 and were signed on its behalf by:




T R Poots - Director W M McDowell - Director




Trom Limited - Director


GSQ Solutions Ltd (Registered number: NI663121)

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


1. STATUTORY INFORMATION

GSQ Solutions Ltd is a private company, limited by shares , registered in Northern Ireland. 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.

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.

GSQ Solutions Ltd (Registered number: NI663121)

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


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 10,000 965 10,965
DEPRECIATION
At 1 January 2023 4,880 347 5,227
Charge for year 1,024 124 1,148
At 31 December 2023 5,904 471 6,375
NET BOOK VALUE
At 31 December 2023 4,096 494 4,590
At 31 December 2022 5,120 618 5,738

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 29,137
Other debtors 106,411 12,590
106,411 41,727

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 1
Other creditors 125,148 83,601
125,148 83,602