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Square in the Air Communications Ltd

Registered Number
05812777
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2024

Square in the Air Communications Ltd
Company Information
for the year from 1 June 2023 to 31 May 2024

Directors

Cleminson, Benjamin Walt
Esdaile, Emma Clare
Esdaile, William

Company Secretary

Esdaile, Emma Clare

Registered Address

Wilks Water Bagwell Lane
Odiham
Hook
RG29 1JG

Registered Number

05812777 (England and Wales)
Square in the Air Communications Ltd
Balance Sheet as at
31 May 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets368,97365,204
68,97365,204
Current assets
Debtors706,0081,066,863
Cash at bank and on hand790,022209,728
1,496,0301,276,591
Creditors amounts falling due within one year(1,122,901)(703,302)
Net current assets (liabilities)373,129573,289
Total assets less current liabilities442,102638,493
Provisions for liabilities(11,441)(10,360)
Net assets430,661628,133
Capital and reserves
Called up share capital100100
Other reserves3030
Profit and loss account430,531628,003
Shareholders' funds430,661628,133
The financial statements were approved and authorised for issue by the Board of Directors on 17 February 2025, and are signed on its behalf by:
Esdaile, William
Director
Registered Company No. 05812777
Square in the Air Communications Ltd
Notes to the Financial Statements
for the year ended 31 May 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation

Reducing balance (%)Straight line (years)
Land and buildings-10
Fixtures and fittings25-
Vehicles25-
Office Equipment25-
2.Average number of employees

20242023
Average number of employees during the year5854
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 June 23153,682
Additions21,562
At 31 May 24175,244
Depreciation and impairment
At 01 June 2388,478
Charge for year17,793
At 31 May 24106,271
Net book value
At 31 May 2468,973
At 31 May 2365,204