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REGISTERED NUMBER: 11427450 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

SQUIRRELED AWAY LTD

SQUIRRELED AWAY LTD (REGISTERED NUMBER: 11427450)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SQUIRRELED AWAY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: Mr S Fleming



REGISTERED OFFICE: 20-22 Wenlock Road
London
N1 7GU



REGISTERED NUMBER: 11427450 (England and Wales)



ACCOUNTANTS: Ross + Co Accountancy Limited
31 Strathspey Avenue
Aviemore
PH22 1SN



BANKERS: Bank of Scotland PLC
PO Box 1000
Edinburgh
BX2 1LB

SQUIRRELED AWAY LTD (REGISTERED NUMBER: 11427450)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 41,225 28,329

CURRENT ASSETS
Stocks 15,528 14,426
Debtors 5 22,208 14,455
Cash at bank and in hand 163,010 192,877
200,746 221,758
CREDITORS
Amounts falling due within one year 6 83,144 97,435
NET CURRENT ASSETS 117,602 124,323
TOTAL ASSETS LESS CURRENT LIABILITIES 158,827 152,652

PROVISIONS FOR LIABILITIES 7 4,071 5,383
NET ASSETS 154,756 147,269

CAPITAL AND RESERVES
Allotted, called up and
fully paid share capital 2 2
Profit and loss account - distributable 154,754 147,267
SHAREHOLDERS' FUNDS 154,756 147,269

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 March 2025 and were signed by:



Mr S Fleming - Director


SQUIRRELED AWAY LTD (REGISTERED NUMBER: 11427450)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Squirreled Away Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost, 25% on reducing balance, 15% on reducing balance and 10% on cost

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX
Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued, non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

SQUIRRELED AWAY LTD (REGISTERED NUMBER: 11427450)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued

DEBTORS AND CREDITORS RECEIVABLE/PAYABLE WITHIN ONE YEAR
Debtors and creditors with no stated interest and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 20 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 45,389
Additions 25,792
Disposals (9,563 )
At 30 June 2024 61,618
DEPRECIATION
At 1 July 2023 17,060
Charge for year 7,291
Eliminated on disposal (3,958 )
At 30 June 2024 20,393
NET BOOK VALUE
At 30 June 2024 41,225
At 30 June 2023 28,329

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 50 50
Other debtors 22,158 14,405
22,208 14,455

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 28,041 30,966
Taxation and social security 44,914 42,339
Other creditors 10,189 24,130
83,144 97,435

Included in other creditors is a loan from the directors, Mr S Fleming and Miss K Jachacy. At the balance sheet date this loan amounted to £3,230 (2023: £17,718). The loan is granted free of interest and is repayable as and when the company has the funds available to do so.

SQUIRRELED AWAY LTD (REGISTERED NUMBER: 11427450)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 4,071 5,383

Deferred
tax
£   
Balance at 1 July 2023 5,383
Provided during year (1,312 )
Balance at 30 June 2024 4,071

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are the directors, Mr S Fleming and Miss K A Jachacy, by virtue of their 100% equal ownership of the issued Ordinary Share Capital.