Registered number
11139463
Squadigital UK Limited
Filleted Accounts
31 December 2024
Squadigital UK Limited
Registered number: 11139463
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 9,749 9,964
Current assets
Debtors 5 2,919,315 2,736,916
Cash at bank and in hand 2,837,178 263,424
5,756,493 3,000,340
Creditors: amounts falling due within one year 6 (3,257,616) (1,485,828)
Net current assets 2,498,877 1,514,512
Net assets 2,508,626 1,524,476
Capital and reserves
Called up share capital 20,000 20,000
Profit and loss account 2,488,626 1,504,476
Shareholders' funds 2,508,626 1,524,476
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Remi Pierre Jean Pesseguier
Director
Approved by the board on 1 June 2025
Squadigital UK Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Audit information
The audit report is unqualified.
Senior statutory auditor: Olivier P.J. Foucault
Firm: FC Expertise Ltd
Date of audit report: 1 June 2025
3 Employees 2024 2023
Number Number
Average number of persons employed by the company 16 24
4 Tangible fixed assets
IT & office equipment
£
Cost
At 1 January 2024 35,987
Additions 10,790
At 31 December 2024 46,777
Depreciation
At 1 January 2024 26,023
Charge for the year 11,005
At 31 December 2024 37,028
Net book value
At 31 December 2024 9,749
At 31 December 2023 9,964
5 Debtors 2024 2023
£ £
Trade debtors 2,646,668 2,476,627
Other debtors 272,647 260,289
2,919,315 2,736,916
Trade debtors includes a total amount of £2,150,887 due from Squadigital SAS, the parent company.
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,926,852 879,080
Amounts owed to group undertakings and undertakings in which the company has a participating interest - 417,334
Taxation and social security costs 449,705 64,916
Other creditors 881,059 124,498
3,257,616 1,485,828
Trade creditors includes a total amount of £1,792,015 due to Squadigital SAS, the parent company.
7 Controlling party
Squadigital SAS, a company incorporated in France, controls the company by virtue of its 100% shareholding.
8 Other information
Squadigital UK Limited is a private company limited by shares and incorporated in England. Its registered office is:
Number 22
Mount Ephraim
Tunbridge Wells
Kent
TN4 8AS
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