IRIS Accounts Production v25.1.4.42 07639403 Board of Directors 1.11.23 31.10.24 31.10.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh076394032023-10-31076394032024-10-31076394032023-11-012024-10-31076394032022-10-31076394032022-11-012023-10-31076394032023-10-3107639403ns15:EnglandWales2023-11-012024-10-3107639403ns14:PoundSterling2023-11-012024-10-3107639403ns10:Director12023-11-012024-10-3107639403ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3107639403ns10:SmallEntities2023-11-012024-10-3107639403ns10:AuditExemptWithAccountantsReport2023-11-012024-10-3107639403ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3107639403ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3107639403ns10:FullAccounts2023-11-012024-10-310763940312023-11-012024-10-3107639403ns10:OrdinaryShareClass12023-11-012024-10-3107639403ns10:Director22023-11-012024-10-3107639403ns10:Director32023-11-012024-10-3107639403ns10:CompanySecretary12023-11-012024-10-3107639403ns10:RegisteredOffice2023-11-012024-10-3107639403ns5:CurrentFinancialInstruments2024-10-3107639403ns5:CurrentFinancialInstruments2023-10-3107639403ns5:Non-currentFinancialInstruments2024-10-3107639403ns5:Non-currentFinancialInstruments2023-10-3107639403ns5:ShareCapital2024-10-3107639403ns5:ShareCapital2023-10-3107639403ns5:RetainedEarningsAccumulatedLosses2024-10-3107639403ns5:RetainedEarningsAccumulatedLosses2023-10-3107639403ns5:IntangibleAssetsOtherThanGoodwill2023-11-012024-10-3107639403ns5:PlantMachinery2023-11-012024-10-3107639403ns5:NetGoodwill2023-10-3107639403ns5:NetGoodwill2024-10-3107639403ns5:NetGoodwill2023-10-3107639403ns5:PlantMachinery2023-10-3107639403ns5:PlantMachinery2024-10-3107639403ns5:PlantMachinery2023-10-3107639403ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-3107639403ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-3107639403ns10:OrdinaryShareClass12024-10-3107639403ns5:RetainedEarningsAccumulatedLosses2023-10-3107639403ns5:RetainedEarningsAccumulatedLosses2023-11-012024-10-31
REGISTERED NUMBER: 07639403 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

SQUAREONE TRAINING LIMITED

SQUAREONE TRAINING LIMITED (REGISTERED NUMBER: 07639403)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

SQUAREONE TRAINING LIMITED

Company Information
for the Year Ended 31 October 2024







DIRECTORS: Mrs L M Johnson
P K Johnson
D McGinley





SECRETARY: P K Johnson





REGISTERED OFFICE: Suite 305-306
Cotton Exchange Building
Bixteth Street
Liverpool
L3 9LQ





REGISTERED NUMBER: 07639403 (England and Wales)





ACCOUNTANTS: LBW Chartered Accountants
Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE

SQUAREONE TRAINING LIMITED (REGISTERED NUMBER: 07639403)

Statement of Financial Position
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 14,309 17,082
14,309 17,082

CURRENT ASSETS
Debtors 6 29,976 34,148
Cash at bank and in hand 113,401 226,157
143,377 260,305
CREDITORS
Amounts falling due within one year 7 86,763 163,366
NET CURRENT ASSETS 56,614 96,939
TOTAL ASSETS LESS CURRENT
LIABILITIES

70,923

114,021

CREDITORS
Amounts falling due after more than one
year

8

29,251

34,251
NET ASSETS 41,672 79,770

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 41,572 79,670
SHAREHOLDERS' FUNDS 41,672 79,770

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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 July 2025 and were signed on its behalf by:





Mrs L M Johnson - Director


SQUAREONE TRAINING LIMITED (REGISTERED NUMBER: 07639403)

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

1. STATUTORY INFORMATION

SQUAREONE TRAINING 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 33% on cost and 25% on cost

No depreciation in year of acquisition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 6 (2023 - 6 ) .

SQUAREONE TRAINING LIMITED (REGISTERED NUMBER: 07639403)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 100,000
AMORTISATION
At 1 November 2023
and 31 October 2024 100,000
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023 47,812
Additions 5,157
At 31 October 2024 52,969
DEPRECIATION
At 1 November 2023 30,730
Charge for year 7,930
At 31 October 2024 38,660
NET BOOK VALUE
At 31 October 2024 14,309
At 31 October 2023 17,082

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 28,912 21,786
Other debtors 1,064 12,362
29,976 34,148

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 5,000 5,000
Trade creditors 15,828 28,214
Taxation and social security 40,221 106,575
Other creditors 25,714 23,577
86,763 163,366

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans 29,251 34,251

SQUAREONE TRAINING LIMITED (REGISTERED NUMBER: 07639403)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.10.24 31.10.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 9,251 14,251

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 November 2023 79,670
Profit for the year 92,102
Dividends (130,200 )
At 31 October 2024 41,572

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other creditors is amount totalling £1,016 (2023 - £9,782 in other debtors) relating to the directors loan account of Mrs L Johnson, director of the business.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is deemed to be Mrs L Johnson by way of her greater shareholding.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
SQUAREONE TRAINING LIMITED (Registered number: 07639403)

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of SQUAREONE TRAINING LIMITED for the year ended 31 October 2024 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of SQUAREONE TRAINING LIMITED, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of SQUAREONE TRAINING LIMITED and state those matters that we have agreed to state to the Board of Directors of SQUAREONE TRAINING LIMITED, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SQUAREONE TRAINING LIMITED and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that SQUAREONE TRAINING LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of SQUAREONE TRAINING LIMITED. You consider that SQUAREONE TRAINING LIMITED is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of SQUAREONE TRAINING LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






LBW Chartered Accountants
Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE


Date: .............................................