Company Registration No. 5077485 (England and Wales)
ESquare Limited
Unaudited accounts
for the year ended 31 December 2024
ESquare Limited
Unaudited accounts
Contents
ESquare Limited
Company Information
for the year ended 31 December 2024
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
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
ESquare Limited
Statement of financial position
as at 31 December 2024
Intangible assets
631,369
827,748
Tangible assets
27,364
357,264
Investments
496,240
496,240
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
Net assets
684,325
866,213
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
ESquare Limited
Notes to the Accounts
for the year ended 31 December 2024
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.
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 sales received net of VAT.
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 in shares are included at fair value.
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.
ESquare Limited
Notes to the Accounts
for the year ended 31 December 2024
4
Intangible fixed assets
Goodwill
Other
Total
At 1 January 2024
1,142,138
39,073
1,181,211
Revaluations
(97,018)
-
(97,018)
At 31 December 2024
1,045,120
46,487
1,091,607
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
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
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
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
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
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
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
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
-
10
Deferred taxation
2024
2023
Accelerated capital allowances
-
1,800
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.
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
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).