IRIS Accounts Production v25.1.4.42 08873310 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh088733102023-12-31088733102024-12-31088733102024-01-012024-12-31088733102022-12-31088733102023-01-012023-12-31088733102023-12-3108873310ns15:EnglandWales2024-01-012024-12-3108873310ns14:PoundSterling2024-01-012024-12-3108873310ns10:Director12024-01-012024-12-3108873310ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3108873310ns10:SmallEntities2024-01-012024-12-3108873310ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3108873310ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3108873310ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3108873310ns10:FullAccounts2024-01-012024-12-3108873310ns10:Director22024-01-012024-12-3108873310ns10:RegisteredOffice2024-01-012024-12-3108873310ns5:CurrentFinancialInstruments2024-12-3108873310ns5:CurrentFinancialInstruments2023-12-3108873310ns5:ShareCapital2024-12-3108873310ns5:ShareCapital2023-12-3108873310ns5:RetainedEarningsAccumulatedLosses2024-12-3108873310ns5:RetainedEarningsAccumulatedLosses2023-12-3108873310ns5:PlantMachinery2024-01-012024-12-3108873310ns5:FurnitureFittings2024-01-012024-12-3108873310ns5:ComputerEquipment2024-01-012024-12-3108873310ns5:PlantMachinery2023-12-3108873310ns5:FurnitureFittings2023-12-3108873310ns5:MotorVehicles2023-12-3108873310ns5:ComputerEquipment2023-12-3108873310ns5:MotorVehicles2024-01-012024-12-3108873310ns5:PlantMachinery2024-12-3108873310ns5:FurnitureFittings2024-12-3108873310ns5:MotorVehicles2024-12-3108873310ns5:ComputerEquipment2024-12-3108873310ns5:PlantMachinery2023-12-3108873310ns5:FurnitureFittings2023-12-3108873310ns5:MotorVehicles2023-12-3108873310ns5:ComputerEquipment2023-12-3108873310ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3108873310ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3108873310ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2024-12-3108873310ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2023-12-31
REGISTERED NUMBER: 08873310 (England and Wales)















Financial Statements for the Year Ended 31 December 2024

for

5 Squirrels Ltd

5 Squirrels Ltd (Registered number: 08873310)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


5 Squirrels Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr Gary Conroy
Mr Jonathan Lee Helm





REGISTERED OFFICE: Unit 8 Industrial House
Conway Street
Hove
East Sussex
BN3 3LW





REGISTERED NUMBER: 08873310 (England and Wales)





ACCOUNTANTS: Atkinsons
Chartered Accountants
Palmeira Avenue Mansions
19 Church Road
Hove
East Sussex
BN3 2FA

5 Squirrels Ltd (Registered number: 08873310)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 66,095 54,962

CURRENT ASSETS
Stocks 159,533 51,249
Debtors 5 161,769 73,055
Cash at bank and in hand 430,899 294,939
752,201 419,243
CREDITORS
Amounts falling due within one year 6 168,729 82,355
NET CURRENT ASSETS 583,472 336,888
TOTAL ASSETS LESS CURRENT
LIABILITIES

649,567

391,850

PROVISIONS FOR LIABILITIES 12,396 8,003
NET ASSETS 637,171 383,847

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 637,070 383,746
637,171 383,847

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

5 Squirrels Ltd (Registered number: 08873310)

Balance Sheet - continued
31 December 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 12 June 2025 and were signed on its behalf by:





Mr Gary Conroy - Director


5 Squirrels Ltd (Registered number: 08873310)

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

1. STATUTORY INFORMATION

5 Squirrels 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 - 33% on reducing balance
Fixtures and fittings - 33% on reducing balance
Computer equipment - over 3 years straight line

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

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.

5 Squirrels Ltd (Registered number: 08873310)

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

2. ACCOUNTING POLICIES - continued

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 11 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2024 125,962 25,294 - 7,515 158,771
Additions 13,651 3,295 20,135 2,238 39,319
Disposals (3,270 ) (2,647 ) - (499 ) (6,416 )
At 31 December 2024 136,343 25,942 20,135 9,254 191,674
DEPRECIATION
At 1 January 2024 81,701 16,060 - 6,048 103,809
Charge for year 17,700 3,238 3,411 1,108 25,457
Eliminated on disposal (1,797 ) (1,890 ) - - (3,687 )
At 31 December 2024 97,604 17,408 3,411 7,156 125,579
NET BOOK VALUE
At 31 December 2024 38,739 8,534 16,724 2,098 66,095
At 31 December 2023 44,261 9,234 - 1,467 54,962

5. DEBTORS
31.12.24 31.12.23
£    £   
Amounts falling due within one year:
Trade debtors 137,850 60,606
Other debtors 14,419 3,699
152,269 64,305

Amounts falling due after more than one year:
Other debtors 9,500 8,750

Aggregate amounts 161,769 73,055

5 Squirrels Ltd (Registered number: 08873310)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 16,318 25,863
Taxation and social security 148,097 47,053
Other creditors 4,314 9,439
168,729 82,355

7. RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption under FRS 102 1AC.35 whereby particulars need not be given for related party transactions concluded under normal market conditions, or transactions entered into between two or more members of a group, provided that any subsidiary which is party to the transactions is wholly-owned by such a member.