6 February 2023 false No description of principal activity Taxfiler 2024.5 14644494business:PrivateLimitedCompanyLtd2023-02-062024-02-29 146444942023-02-05 146444942023-02-062024-02-29 14644494business:AuditExemptWithAccountantsReport2023-02-062024-02-29 14644494business:FilletedAccounts2023-02-062024-02-29 146444942024-02-29 14644494business:Director12023-02-062024-02-29 14644494business:Director22023-02-062024-02-29 14644494business:RegisteredOffice2023-02-062024-02-29 14644494core:WithinOneYear2024-02-29 14644494core:AfterOneYear2024-02-29 14644494core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-29 14644494core:PreviouslyStatedAmount2024-02-29 14644494business:SmallEntities2023-02-062024-02-29 14644494countries:EnglandWales2023-02-062024-02-29 14644494core:PlantMachinery2023-02-062024-02-29 14644494core:MotorVehicles2023-02-062024-02-29 14644494core:FurnitureFittings2023-02-062024-02-29 14644494core:MotorVehicles2023-02-05 14644494core:MotorVehicles2024-02-29 iso4217:GBP xbrli:pure
Company Registration No. 14644494 (England and Wales)
G Squared Property Solutions Ltd Unaudited accounts for the period from 6 February 2023 to 29 February 2024
G Squared Property Solutions Ltd Unaudited accounts Contents
Page
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G Squared Property Solutions Ltd Company Information for the period from 6 February 2023 to 29 February 2024
Directors
Elliot Arron Green Stephen Malcom Greensmith
Company Number
14644494 (England and Wales)
Registered Office
44 Bow Lane Leyland Lancashire PR25 4YB England
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G Squared Property Solutions Ltd Accountants' report
Accountants' report to the board of directors of G Squared Property Solutions Ltd on the preparation of the unaudited statutory accounts for the period from 6 February 2023 to 29 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of G Squared Property Solutions Ltd for the period from 6 February 2023 to 29 February 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of G Squared Property Solutions Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of G Squared Property Solutions Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than G Squared Property Solutions Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that G Squared Property Solutions Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of G Squared Property Solutions Ltd. You consider that G Squared Property Solutions Ltd is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of G Squared Property Solutions Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
28 October 2024
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G Squared Property Solutions Ltd Statement of financial position as at 29 February 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
46,160 
Current assets
Debtors
27,996 
Cash at bank and in hand
(17,049)
10,947 
Creditors: amounts falling due within one year
1,860 
Net current assets
12,807 
Total assets less current liabilities
58,967 
Creditors: amounts falling due after more than one year
(46,134)
Net assets
12,833 
Capital and reserves
Profit and loss account
12,833 
Shareholders' funds
12,833 
For the period ending 29 February 2024 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 October 2024 and were signed on its behalf by
Elliot Arron Green Director Company Registration No. 14644494
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G Squared Property Solutions Ltd Notes to the Accounts for the period from 6 February 2023 to 29 February 2024
1
Statutory information
G Squared Property Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 14644494. The registered office is 44 Bow Lane, Leyland, Lancashire, PR25 4YB, 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 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
20%
Motor vehicles
Reducing balance over 5 years (60 Months)
Fixtures & fittings
20%
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 6 February 2023
- 
Additions
57,700 
At 29 February 2024
57,700 
Depreciation
Charge for the period
11,540 
At 29 February 2024
11,540 
Net book value
At 29 February 2024
46,160 
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G Squared Property Solutions Ltd Notes to the Accounts for the period from 6 February 2023 to 29 February 2024
5
Debtors
2024 
£ 
Amounts falling due within one year
Trade debtors
27,996 
6
Creditors: amounts falling due within one year
2024 
£ 
VAT
24 
Trade creditors
2,925 
Taxes and social security
6,671 
Loans from directors
(11,480)
(1,860)
7
Creditors: amounts falling due after more than one year
2024 
£ 
Obligations under finance leases and hire purchase contracts
46,134 
8
Average number of employees
During the period the average number of employees was 2.
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