Company Registration No. 04663318 (England and Wales)
Square Two Lubrication Limited
Unaudited accounts
for the year ended 29 February 2024
Square Two Lubrication Limited
Unaudited accounts
Contents
Square Two Lubrication Limited
Company Information
for the year ended 29 February 2024
Company Number
04663318 (England and Wales)
Registered Office
The Corner House
4 Beaumont Road
Church Stretton
Shropshire
SY6 6BN
United Kingdom
Square Two Lubrication Limited
Statement of financial position
as at 29 February 2024
Tangible assets
206
23,270
Cash at bank and in hand
128,729
130,701
Creditors: amounts falling due within one year
(68,103)
(89,956)
Net current assets
78,487
75,790
Total assets less current liabilities
78,693
99,060
Creditors: amounts falling due after more than one year
(34,634)
(40,843)
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
43,921
54,069
Shareholders' funds
44,021
54,169
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 director acknowledges his 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 and authorised for issue on 28 November 2024 and were signed on its behalf by
H McEvaddy
Director
Company Registration No. 04663318
Square Two Lubrication Limited
Notes to the Accounts
for the year ended 29 February 2024
Square Two Lubrication Limited is a private company, limited by shares, registered in England and Wales, registration number 04663318. The registered office is The Corner House, 4 Beaumont Road, Church Stretton, Shropshire, SY6 6BN, United Kingdom.
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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% per annum reducing balance
Motor vehicles
25% per annum reducing balance
Fixtures & fittings
10% per annum reducing balance
Computer equipment
15% per annum reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 March 2023
24,057
38,790
238
255
63,340
Disposals
(24,057)
(38,790)
-
-
(62,847)
At 29 February 2024
-
-
238
255
493
At 1 March 2023
8,178
31,629
45
218
40,070
Charge for the year
-
-
19
5
24
On disposals
(8,178)
(31,629)
-
-
(39,807)
At 29 February 2024
-
-
64
223
287
At 29 February 2024
-
-
174
32
206
At 28 February 2023
15,879
7,161
193
37
23,270
Square Two Lubrication Limited
Notes to the Accounts
for the year ended 29 February 2024
Amounts falling due within one year
Trade debtors
4,341
33,557
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
31,705
42,838
Taxes and social security
19,099
16,590
Other creditors
3,317
3,317
Loans from directors
13,298
26,316
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).