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Registered number: 12460556
Squeegee & Ink Ltd
Unaudited Financial Statements
For The Year Ended 29 February 2024
Annette Ferguson Scotland Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12460556
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 20,069 25,476
20,069 25,476
CURRENT ASSETS
Debtors 5 7,730 1,205
Cash at bank and in hand 597 4,293
8,327 5,498
Creditors: Amounts Falling Due Within One Year 6 (22,276 ) (9,094 )
NET CURRENT ASSETS (LIABILITIES) (13,949 ) (3,596 )
TOTAL ASSETS LESS CURRENT LIABILITIES 6,120 21,880
Creditors: Amounts Falling Due After More Than One Year 7 (26,647 ) (30,915 )
NET LIABILITIES (20,527 ) (9,035 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (20,627 ) (9,135 )
SHAREHOLDERS' FUNDS (20,527) (9,035)
Page 1
Page 2
For the year 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Francesca Rosier-Parker
Director
29/07/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Squeegee & Ink Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12460556 . The registered office is 2A Hambridge Road, Newbury, Berkshire, United Kingdom, RG14 5SS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
Presentation Currency
The accounts are presented in £ sterling.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing Balance Method
Motor Vehicles 20% Reducing Balance Method
Fixtures & Fittings 25% Reducing Balance Method
Computer Equipment 20% Reducing Balance Method
2.4. Leasing and Hire Purchase Contracts
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 March 2023 4,390 3,995 15,773 16,769 40,927
Additions 253 - 3,583 809 4,645
As at 29 February 2024 4,643 3,995 19,356 17,578 45,572
Depreciation
As at 1 March 2023 1,842 1,132 7,812 4,665 15,451
Provided during the period 1,155 799 4,612 3,486 10,052
As at 29 February 2024 2,997 1,931 12,424 8,151 25,503
Net Book Value
As at 29 February 2024 1,646 2,064 6,932 9,427 20,069
As at 1 March 2023 2,548 2,863 7,961 12,104 25,476
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 5,871 293
Prepayments and accrued income 845 651
Directors' loan accounts 1,014 261
7,730 1,205
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 789 12
VAT 982 1,162
Accruals and deferred income - 813
Directors' loan accounts - 1,704
Amounts owed to group undertakings 20,505 5,403
22,276 9,094
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 26,647 30,915
8. Share Capital
2024 2023
Allotted, called up and fully paid £ £
50 Ordinary Shares of £ 1.00 each 50 50
50 Ordinary A shares of £ 1.00 each 50 50
100 100
Page 4