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Company Registration No. 02460722 (England and Wales)
ESquare (Bristol) Limited Unaudited accounts for the year ended 31 December 2024
ESquare (Bristol) Limited Unaudited accounts Contents
Page
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ESquare (Bristol) Limited Company Information for the year ended 31 December 2024
Director
Damian Evans
Company Number
02460722 (England and Wales)
Registered Office
9a Port Road Maesglas Industrial Estate Newport NP20 2NS United Kingdom
Accountants
Evans Entwistle Office 12a Equinox South, Great Park Road Bradley Stoke Bristol BS32 4QL
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Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of ESquare (Bristol) 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 (Bristol) 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 Office 12a Equinox South, Great Park Road Bradley Stoke Bristol BS32 4QL 21 January 2025
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ESquare (Bristol) Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
834 
9,225 
Creditors: amounts falling due within one year
(103,834)
(169,060)
Net current liabilities
(103,000)
(159,835)
Total assets less current liabilities
(103,000)
(159,835)
Creditors: amounts falling due after more than one year
(52,889)
(95,439)
Net liabilities
(155,889)
(255,274)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(155,989)
(255,374)
Shareholders' funds
(155,889)
(255,274)
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. 02460722
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ESquare (Bristol) Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
ESquare (Bristol) Limited is a private company, limited by shares, registered in England and Wales, registration number 02460722. The registered office is 9a Port Road, Maesglas Industrial Estate, Newport, NP20 2NS, United Kingdom. The company is in the process of being wound up.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Going concern
During the financial year the company ceased trading as the directors were of the opinion that the company is insolvent and was unlikely to be able to trade its way back to solvency. The accounts have therefore been prepared on a break up basis.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
9,225 
Amounts due from group undertakings etc.
761 
- 
Other debtors
73 
- 
834 
9,225 
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ESquare (Bristol) Limited Notes to the Accounts for the year ended 31 December 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
22,953 
44,458 
VAT
- 
39,639 
Trade creditors
53 
2,626 
Amounts owed to group undertakings and other participating interests
80,813 
22,023 
Taxes and social security
- 
49,215 
Other creditors
15 
11,099 
103,834 
169,060 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
52,889 
95,439 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Transactions with related parties
At the balance sheet date the company owed £80,813 (2023: £nil) to ESquare Management Ltd (15885682), a company that is part of the same group.
9
Controlling party
The company is a wholly owned subsidiary of ESquare Limited (05077485). The registered office of the parent company is Venta House, 9a Port Road, Newport NP20 2NS.
10
Average number of employees
During the year the average number of employees was 6 (2023: 12).
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