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Company Registration No. 12075647 (England and Wales)
L-Square Ltd Unaudited accounts for the year ended 30 June 2024
L-Square Ltd Unaudited accounts Contents
Page
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L-Square Ltd Company Information for the year ended 30 June 2024
Directors
Sri Lakshmi Anne Venkata Rajesh Chalasani
Company Number
12075647 (England and Wales)
Registered Office
25 Eaton Road, Birmingham B11 3JF England
Accountants
JWD Accounting and Tax Services
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L-Square Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
36,182 
45,982 
Current assets
Debtors
2 
14,971 
Cash at bank and in hand
53,815 
31,779 
53,817 
46,750 
Creditors: amounts falling due within one year
(23,692)
(22,593)
Net current assets
30,125 
24,157 
Total assets less current liabilities
66,307 
70,139 
Creditors: amounts falling due after more than one year
(49,547)
(70,137)
Net assets
16,760 
2 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
16,758 
- 
Shareholders' funds
16,760 
2 
For the year ending 30 June 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 20 March 2025 and were signed on its behalf by
Venkata Rajesh Chalasani Director Company Registration No. 12075647
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L-Square Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
L-Square Ltd is a private company, limited by shares, registered in England and Wales, registration number 12075647. The registered office is 25 Eaton Road, , Birmingham, B11 3JF, 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:
Plant & machinery
20% Reducing balance
Motor vehicles
20% Reducing balance
Fixtures & fittings
25% Straight line
Computer equipment
33% Straight line
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 July 2023
890 
64,444 
6,581 
9,170 
81,085 
Additions
- 
- 
- 
2,519 
2,519 
At 30 June 2024
890 
64,444 
6,581 
11,689 
83,604 
Depreciation
At 1 July 2023
356 
23,200 
4,935 
6,612 
35,103 
Charge for the year
178 
8,249 
1,646 
2,246 
12,319 
At 30 June 2024
534 
31,449 
6,581 
8,858 
47,422 
Net book value
At 30 June 2024
356 
32,995 
- 
2,831 
36,182 
At 30 June 2023
534 
41,244 
1,646 
2,558 
45,982 
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L-Square Ltd Notes to the Accounts for the year ended 30 June 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
2 
14,971 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
8,400 
2,100 
VAT
185 
3,419 
Obligations under finance leases and hire purchase contracts
14,609 
14,609 
Taxes and social security
(4,586)
(5,575)
Other creditors
5,084 
8,040 
23,692 
22,593 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
20,300 
33,600 
Obligations under finance leases and hire purchase contracts
29,247 
36,537 
49,547 
70,137 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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