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Company Registration No. 5077485 (England and Wales)
ESquare Limited Unaudited accounts for the year ended 31 December 2024
ESquare Limited Unaudited accounts Contents
Page
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ESquare Limited Company Information for the year ended 31 December 2024
Director
Damian Evans
Company Number
5077485 (England and Wales)
Registered Office
9a Port Road Maesglas Industrial Estate Newport NP20 2NS
Accountants
Evans Entwistle Villa House 7 Herbert Terrace Penarth Vale of Glamorgan CF64 2AH
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Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of ESquare Limited for the year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of ESquare Limited for the year ended 31 December 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle Member in Practice Villa House 7 Herbert Terrace Penarth Vale of Glamorgan CF64 2AH 21 January 2025
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ESquare Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
631,369 
827,748 
Tangible assets
27,364 
357,264 
Investments
496,240 
496,240 
1,154,973 
1,681,252 
Current assets
Debtors
140,110 
332,010 
Creditors: amounts falling due within one year
(366,773)
(491,580)
Net current liabilities
(226,663)
(159,570)
Total assets less current liabilities
928,310 
1,521,682 
Creditors: amounts falling due after more than one year
(243,985)
(653,669)
Provisions for liabilities
Deferred tax
- 
(1,800)
Net assets
684,325 
866,213 
Capital and reserves
Called up share capital
75,100 
150,100 
Revaluation reserve
- 
45,620 
Profit and loss account
609,225 
670,493 
Shareholders' funds
684,325 
866,213 
For the year ending 31 December 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 21 January 2025 and were signed on its behalf by
Damian Evans Director Company Registration No. 5077485
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ESquare Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
ESquare Limited is a private company, limited by shares, registered in England and Wales, registration number 5077485. The registered office is 9a Port Road, Maesglas Industrial Estate, Newport, NP20 2NS.
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 remained unchanged from the previous year, and also 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.
Turnover
Turnover represents sales received net of VAT.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost.
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
4 years straight line
Fixtures & fittings
5 years straight line
Computer equipment
3 years straight line
Investments
Investments in shares are included at fair value.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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ESquare Limited Notes to the Accounts for the year ended 31 December 2024
4
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 1 January 2024
1,142,138 
39,073 
1,181,211 
Additions
- 
7,414 
7,414 
Revaluations
(97,018)
- 
(97,018)
At 31 December 2024
1,045,120 
46,487 
1,091,607 
Amortisation
At 1 January 2024
327,997 
25,466 
353,463 
Charge for the year
100,470 
6,305 
106,775 
At 31 December 2024
428,467 
31,771 
460,238 
Net book value
At 31 December 2024
616,653 
14,716 
631,369 
At 31 December 2023
814,141 
13,607 
827,748 
5
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2024
310,000 
67,561 
25,266 
402,827 
Disposals
(310,000)
(4,950)
- 
(314,950)
At 31 December 2024
- 
62,611 
25,266 
87,877 
Depreciation
At 1 January 2024
- 
29,287 
16,276 
45,563 
Charge for the year
- 
10,251 
4,699 
14,950 
At 31 December 2024
- 
39,538 
20,975 
60,513 
Net book value
At 31 December 2024
- 
23,073 
4,291 
27,364 
At 31 December 2023
310,000 
38,274 
8,990 
357,264 
6
Investments
Subsidiary undertakings 
£ 
Valuation at 1 January 2024
496,240 
Valuation at 31 December 2024
496,240 
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
93,355 
67,157 
Amounts due from group undertakings etc.
- 
22,023 
Other debtors
46,755 
242,830 
140,110 
332,010 
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ESquare Limited Notes to the Accounts for the year ended 31 December 2024
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
43,392 
1,451 
VAT
28,758 
7,762 
Trade creditors
322 
5,109 
Amounts owed to group undertakings and other participating interests
113,783 
62,757 
Taxes and social security
82,324 
68,930 
Other creditors
98,194 
345,571 
366,773 
491,580 
9
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
146,111 
383,669 
Other creditors
73,874 
270,000 
Loans from directors
24,000 
- 
243,985 
653,669 
10
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
- 
1,800 
2024 
2023 
£ 
£ 
Provision at start of year
1,800 
4,325 
Credited to the profit and loss account
(1,800)
(2,525)
Provision at end of year
- 
1,800 
Provisions include client payments on account made in advance of services provided.
12
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
75,000 Preference Shares of £1 each
75,000 
150,000 
75,100 
150,100 
13
Transactions with related parties
At the balance sheet date the company owed £113,783 (2023: N/A) to ESquare Management Ltd (15885682), a company that is part of the same group.
14
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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