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REGISTERED NUMBER: 11597068 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

SQEPtech Ltd

SQEPtech Ltd (Registered number: 11597068)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SQEPtech Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTORS: J M Ball
Ms R M King



SECRETARY:



REGISTERED OFFICE: Heybury House
2 Heybridge Lane
Prestbury
Macclesfield
Cheshire
SK10 4HD



REGISTERED NUMBER: 11597068 (England and Wales)



ACCOUNTANTS: Forbes Young Accountancy Ltd
Rotterdam House
116 Quayside
Newcastle Upon Tyne
Tyne and Wear
NE1 3DY



BANKERS: NatWest

SQEPtech Ltd (Registered number: 11597068)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 7,701 8,200

CURRENT ASSETS
Debtors 5 502,669 292,802
Cash at bank 30,601 230,162
533,270 522,964
CREDITORS
Amounts falling due within one year 6 217,851 171,393
NET CURRENT ASSETS 315,419 351,571
TOTAL ASSETS LESS CURRENT
LIABILITIES

323,120

359,771

CREDITORS
Amounts falling due after more than one year 7 305,458 256,300
NET ASSETS 17,662 103,471

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 17,652 103,461
17,662 103,471

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

SQEPtech Ltd (Registered number: 11597068)

Balance Sheet - continued
31 October 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 April 2025 and were signed on its behalf by:




J M Ball - Director



Ms R M King - Director


SQEPtech Ltd (Registered number: 11597068)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

SQEPtech 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 reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

SQEPtech Ltd (Registered number: 11597068)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023 17,403
Additions 2,068
At 31 October 2024 19,471
DEPRECIATION
At 1 November 2023 9,203
Charge for year 2,567
At 31 October 2024 11,770
NET BOOK VALUE
At 31 October 2024 7,701
At 31 October 2023 8,200

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 499,168 291,917
Other debtors 3,501 885
502,669 292,802

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 11,494 5,744
Trade creditors 93,929 77,426
Taxation and social security 111,911 81,357
Other creditors 517 6,866
217,851 171,393

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Other creditors 305,458 256,300