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REGISTERED NUMBER: 05174578 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st January 2025

for

10Squared Limited

10Squared Limited (Registered number: 05174578)

Contents of the Financial Statements
for the Year Ended 31st January 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


10Squared Limited

Company Information
for the Year Ended 31st January 2025







DIRECTORS: G Steele
P Holbrough





REGISTERED OFFICE: Unite D5 Halifax Way
Pocklington Airfield Industriial Estate
Pocklington
YO42 4LZ





REGISTERED NUMBER: 05174578 (England and Wales)





ACCOUNTANTS: Dymond Accountants
Office F1,
Beverley Enterprise Centre
Beck View Road
Beverley
East Yorkshire
HU17 0JT

10Squared Limited (Registered number: 05174578)

Balance Sheet
31st January 2025

31.1.25 31.1.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 322,879 331,653

CURRENT ASSETS
Stocks 268,735 753,461
Debtors 5 545,845 1,373,114
Cash at bank and in hand 1,292,055 482,268
2,106,635 2,608,843
CREDITORS
Amounts falling due within one year 6 826,736 1,398,418
NET CURRENT ASSETS 1,279,899 1,210,425
TOTAL ASSETS LESS CURRENT LIABILITIES 1,602,778 1,542,078

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,602,777 1,542,077
1,602,778 1,542,078

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2025 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.

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 13th May 2025 and were signed on its behalf by:





P Holbrough - Director


10Squared Limited (Registered number: 05174578)

Notes to the Financial Statements
for the Year Ended 31st January 2025


1. STATUTORY INFORMATION

10Squared Limited 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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Rental Machines - 20% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 40 (2024 - 34 ) .

10Squared Limited (Registered number: 05174578)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2025


4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1st February 2024 150,032 469,752 56,910
Additions 1,995 35,182 9,092
Disposals - - -
At 31st January 2025 152,027 504,934 66,002
DEPRECIATION
At 1st February 2024 57,589 277,197 39,217
Charge for year 14,166 34,190 4,019
Eliminated on disposal - - -
At 31st January 2025 71,755 311,387 43,236
NET BOOK VALUE
At 31st January 2025 80,272 193,547 22,766
At 31st January 2024 92,443 192,555 17,693

Motor Rental
vehicles Machines Totals
£    £    £   
COST
At 1st February 2024 82,888 172,800 932,382
Additions 61,471 - 107,740
Disposals (66,128 ) - (66,128 )
At 31st January 2025 78,231 172,800 973,994
DEPRECIATION
At 1st February 2024 53,928 172,798 600,729
Charge for year 8,763 - 61,138
Eliminated on disposal (10,752 ) - (10,752 )
At 31st January 2025 51,939 172,798 651,115
NET BOOK VALUE
At 31st January 2025 26,292 2 322,879
At 31st January 2024 28,960 2 331,653

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade debtors 333,672 1,127,397
Other debtors 212,173 245,717
545,845 1,373,114

10Squared Limited (Registered number: 05174578)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2025


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade creditors 51,830 176,535
Taxation and social security 68,117 94,280
Other creditors 706,789 1,127,603
826,736 1,398,418