Company Registration No. 07497124 (England and Wales)
RSQUARE INTERNATIONAL LIMITED
Unaudited accounts
for the year ended 31 December 2023
RSQUARE INTERNATIONAL LIMITED
Unaudited accounts
Contents
RSQUARE INTERNATIONAL LIMITED
Company Information
for the year ended 31 December 2023
Directors
Mr Rajendrakumar Patel
Mrs Meenaben Patel
Company Number
07497124 (England and Wales)
Registered Office
107 BERMONDSEY STREET
LONDON
SE1 3XB
Accountants
BPACL Accountancy Services Limited
83 Cowley Hill
Borehamwood
Hertfordshire
WD6 5NA
RSQUARE INTERNATIONAL LIMITED
Statement of financial position
as at 31 December 2023
Tangible assets
7,574
8,959
Cash at bank and in hand
506,505
357,986
Creditors: amounts falling due within one year
(512,345)
(348,351)
Net current assets
68,267
66,622
Total assets less current liabilities
75,841
75,581
Provisions for liabilities
Deferred tax
(1,894)
(1,096)
Called up share capital
100
100
Profit and loss account
73,847
74,385
Shareholders' funds
73,947
74,485
For the year ending 31 December 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 30 September 2024 and were signed on its behalf by
Mr Rajendrakumar Patel
Director
Company Registration No. 07497124
RSQUARE INTERNATIONAL LIMITED
Notes to the Accounts
for the year ended 31 December 2023
RSQUARE INTERNATIONAL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07497124. The registered office is 107 BERMONDSEY STREET, LONDON, SE1 3XB.
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:
Fixtures & fittings
15% reducing balance
Computer equipment
33.33% cost
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2023
95,420
137
95,557
At 31 December 2023
95,420
137
95,557
At 1 January 2023
86,510
88
86,598
Charge for the year
1,336
49
1,385
At 31 December 2023
87,846
137
87,983
At 31 December 2023
7,574
-
7,574
At 31 December 2022
8,910
49
8,959
Amounts falling due within one year
Accrued income and prepayments
2,287
3,379
RSQUARE INTERNATIONAL LIMITED
Notes to the Accounts
for the year ended 31 December 2023
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
9,731
19,628
Loans from directors
497,204
221,118
7
Deferred taxation
2023
2022
Accelerated capital allowances
1,894
1,096
Provision at start of year
1,096
1,528
Charged/(credited) to the profit and loss account
798
(432)
Provision at end of year
1,894
1,096
8
Operating lease commitments
2023
2022
At 31 December 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
34,000
34,000
Later than one year and not later than five years
136,000
136,000
Later than five years
76,500
110,500
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).