IRIS Accounts Production v24.2.0.383 06637161 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary A 1.00000 Ordinary B 1.00000 Ordinary C 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh066371612023-03-31066371612024-03-31066371612023-04-012024-03-31066371612022-03-31066371612022-04-012023-03-31066371612023-03-3106637161ns15:EnglandWales2023-04-012024-03-3106637161ns14:PoundSterling2023-04-012024-03-3106637161ns10:Director12023-04-012024-03-3106637161ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3106637161ns10:SmallEntities2023-04-012024-03-3106637161ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3106637161ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3106637161ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3106637161ns10:FullAccounts2023-04-012024-03-3106637161ns10:OrdinaryShareClass22023-04-012024-03-3106637161ns10:OrdinaryShareClass32023-04-012024-03-3106637161ns10:OrdinaryShareClass42023-04-012024-03-3106637161ns10:Director22023-04-012024-03-3106637161ns10:RegisteredOffice2023-04-012024-03-3106637161ns5:CurrentFinancialInstruments2024-03-3106637161ns5:CurrentFinancialInstruments2023-03-3106637161ns5:Non-currentFinancialInstruments2024-03-3106637161ns5:Non-currentFinancialInstruments2023-03-3106637161ns5:ShareCapital2024-03-3106637161ns5:ShareCapital2023-03-3106637161ns5:RetainedEarningsAccumulatedLosses2024-03-3106637161ns5:RetainedEarningsAccumulatedLosses2023-03-3106637161ns5:PlantMachinery2023-04-012024-03-3106637161ns5:ComputerEquipment2023-04-012024-03-3106637161ns5:PlantMachinery2023-03-3106637161ns5:ComputerEquipment2023-03-3106637161ns5:PlantMachinery2024-03-3106637161ns5:ComputerEquipment2024-03-3106637161ns5:PlantMachinery2023-03-3106637161ns5:ComputerEquipment2023-03-3106637161ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3106637161ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3106637161ns5:CurrentFinancialInstruments2023-04-012024-03-3106637161ns5:AcceleratedTaxDepreciationDeferredTax2024-03-3106637161ns5:AcceleratedTaxDepreciationDeferredTax2023-03-3106637161ns5:DeferredTaxation2023-03-3106637161ns5:DeferredTaxation2023-04-012024-03-3106637161ns5:DeferredTaxation2024-03-3106637161ns10:OrdinaryShareClass22024-03-3106637161ns10:OrdinaryShareClass32024-03-3106637161ns10:OrdinaryShareClass42024-03-31
REGISTERED NUMBER: 06637161 (England and Wales)















Squad Ltd

Unaudited Financial Statements

for the Year Ended 31 March 2024






Squad Ltd (Registered number: 06637161)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Squad Ltd

Company Information
for the year ended 31 March 2024







DIRECTORS: RM Gray
DM Barraclough





REGISTERED OFFICE: Fifth Floor
2 Commercial Street
Manchester
M15 4RQ





REGISTERED NUMBER: 06637161 (England and Wales)





ACCOUNTANTS: McMillan & Co LLP
Chartered Accountants
28 Eaton Avenue
Matrix Office Park
Buckshaw Village
Chorley
Lancashire
PR7 7NA

Squad Ltd (Registered number: 06637161)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 794 1,996

CURRENT ASSETS
Debtors 5 45,900 104,479
Cash at bank 76,215 86,114
122,115 190,593
CREDITORS
Amounts falling due within one year 6 62,368 89,708
NET CURRENT ASSETS 59,747 100,885
TOTAL ASSETS LESS CURRENT
LIABILITIES

60,541

102,881

CREDITORS
Amounts falling due after more than one
year

7

(12,408

)

(22,355

)

PROVISIONS FOR LIABILITIES 8 (198 ) (499 )
NET ASSETS 47,935 80,027

CAPITAL AND RESERVES
Called up share capital 9 8 8
Retained earnings 47,927 80,019
SHAREHOLDERS' FUNDS 47,935 80,027

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Squad Ltd (Registered number: 06637161)

Balance Sheet - continued
31 March 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 November 2024 and were signed on its behalf by:





RM Gray - Director


Squad Ltd (Registered number: 06637161)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Squad Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


The amounts in the financial statements have been rounded to the nearest £1.

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
Revenue is recognised, in respect of contracts where the company's contractual obligations are performed gradually over time, as contract activity progresses to reflect the company's partial performance of its contractual obligations. The amount of revenue reflects the accrual of the right to consideration as contract activity progresses by reference to value of the work performed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 15% on cost
Computer equipment - 33% on cost

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Basic financial assets, which include debtors, prepayments and bank balances, are initially measured at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the asset is measured at the present value of the future receipts discounted at a market rate of interest. Basic financial liabilities, which include creditors, accruals, bank loans and group borrowings, are initially recognised at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the liability is measured at the present value of the future obligations discounted at a market rate of interest.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Squad Ltd (Registered number: 06637161)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Office Computer
equipment equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 6,318 23,467 29,785
DEPRECIATION
At 1 April 2023 6,318 21,471 27,789
Charge for year - 1,202 1,202
At 31 March 2024 6,318 22,673 28,991
NET BOOK VALUE
At 31 March 2024 - 794 794
At 31 March 2023 - 1,996 1,996

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 26,306 59,324
Amounts recoverable on contracts 9,750 39,750
Rent deposit 3,048 3,048
Other debtors 3,292 -
Prepayments and accrued income 3,504 2,357
45,900 104,479

Squad Ltd (Registered number: 06637161)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 9,732 9,022
Taxation and social security 37,403 62,155
Other creditors 5,233 8,531
62,368 89,708

The directors' loan accounts of £Nil (2023: £157) are unsecured, interest free and have no fixed repayment date.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 12,408 22,355

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 198 499

Deferred
tax
£   
Balance at 1 April 2023 499
Credit to Statement of Income and Retained Earnings during year (301 )
Balance at 31 March 2024 198

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary A £1 2 2
2 Ordinary B £1 2 2
4 Ordinary C £1 4 4
8 8

10. RELATED PARTY DISCLOSURES

In the opinion of the directors the company is controlled by Mr RM Gray and Mr DM Barraclough.