Company Registration No. 11005002 (England and Wales)
SQUAREFOOT CAPITAL LTD
Unaudited accounts
for the year ended 31 October 2024
SQUAREFOOT CAPITAL LTD
Unaudited accounts
Contents
SQUAREFOOT CAPITAL LTD
Statement of financial position
as at 31 October 2024
Tangible assets
1,810
3,844
Cash at bank and in hand
-
27,131
Creditors: amounts falling due within one year
(336,870)
(341,218)
Net current liabilities
(207,794)
(288,283)
Total assets less current liabilities
(205,984)
(284,439)
Provisions for liabilities
Net liabilities
(206,714)
(285,169)
Called up share capital
129
129
Share premium
729,971
729,971
Profit and loss account
(936,814)
(1,015,269)
Shareholders' funds
(206,714)
(285,169)
For the year ending 31 October 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 22 November 2024 and were signed on its behalf by
Thomas Wolfe
Director
Company Registration No. 11005002
SQUAREFOOT CAPITAL LTD
Notes to the Accounts
for the year ended 31 October 2024
SQUAREFOOT CAPITAL LTD is a private company, limited by shares, registered in England and Wales, registration number 11005002. The registered office is WEWORK, YORK ROAD, LONDON, SE1 7ND, 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.
These financial statements for the year ended 31 October 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 November 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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:
Computer equipment
Straight line over 3 years
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Tangible fixed assets
Computer equipment
SQUAREFOOT CAPITAL LTD
Notes to the Accounts
for the year ended 31 October 2024
Amounts falling due within one year
Trade debtors
100,305
21,452
Accrued income and prepayments
16,470
812
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
106,314
106,300
Trade creditors
183,141
142,176
Taxes and social security
13,742
64,657
Other creditors
13,439
8,144
Loans from directors
17,284
17,631
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Average number of employees
During the year the average number of employees was 2 (2023: 7).