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Company Registration No. 14084346 (England and Wales)
SQUARE FLAG LIMITED Unaudited accounts for the year ended 31 May 2024
SQUARE FLAG LIMITED Unaudited accounts Contents
Page
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SQUARE FLAG LIMITED Company Information for the year ended 31 May 2024
Directors
Richard Anton Angstmann Christina Louise Angstmann
Company Number
14084346 (England and Wales)
Registered Office
4 KING STREET SPENNYMOOR DL16 6QG ENGLAND
Accountants
Fresh Business Solutions Limited 4 King Street Spennymoor Durham DL16 6QG
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SQUARE FLAG LIMITED Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,337 
2,303 
Current assets
Debtors
- 
338 
Cash at bank and in hand
283 
3,348 
283 
3,686 
Creditors: amounts falling due within one year
(26,417)
(12,028)
Net current liabilities
(26,134)
(8,342)
Net liabilities
(22,797)
(6,039)
Capital and reserves
Profit and loss account
(22,797)
(6,039)
Shareholders' funds
(22,797)
(6,039)
For the year ending 31 May 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 15 February 2025 and were signed on its behalf by
Richard Anton Angstmann Director Company Registration No. 14084346
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SQUARE FLAG LIMITED Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
SQUARE FLAG LIMITED is a private company, limited by shares, registered in England and Wales, registration number 14084346. The registered office is 4 KING STREET, SPENNYMOOR, DL16 6QG, 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.
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.
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:
Fixtures & fittings
10% RB
Computer equipment
15% RB
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2023
200 
2,334 
2,534 
Additions
- 
1,524 
1,524 
At 31 May 2024
200 
3,858 
4,058 
Depreciation
At 1 June 2023
15 
216 
231 
Charge for the year
19 
471 
490 
At 31 May 2024
34 
687 
721 
Net book value
At 31 May 2024
166 
3,171 
3,337 
At 31 May 2023
185 
2,118 
2,303 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
338 
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SQUARE FLAG LIMITED Notes to the Accounts for the year ended 31 May 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
5,869 
5,827 
Other creditors
13,161 
- 
Loans from directors
7,327 
6,201 
Deferred income
60 
- 
26,417 
12,028 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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