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REGISTERED NUMBER: 11087602 (England and Wales)














Unaudited Financial Statements

For The Year Ended 30th November 2024

for

Squires M Limited

Squires M Limited (Registered number: 11087602)






Contents of the Financial Statements
For The Year Ended 30th November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

Squires M Limited

Company Information
For The Year Ended 30th November 2024







DIRECTORS: M P Squires
Mrs L A Squires





SECRETARY: Mrs L A Squires





REGISTERED OFFICE: Higher Commons Cottage
Teignmouth Road
Maidencombe
Torquay
Dorset
TQ1 4TP





REGISTERED NUMBER: 11087602 (England and Wales)





ACCOUNTANTS: Wildin (Accountants & Auditors) Ltd
Kings Buildings
Lydney
Gloucestershire
GL15 5HE

Squires M Limited (Registered number: 11087602)

Balance Sheet
30th November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 227,517 240,360

CURRENT ASSETS
Stocks 5 55,838 53,197
Debtors 6 95,887 52,280
Cash at bank and in hand 64,179 118,799
215,904 224,276
CREDITORS
Amounts falling due within one year 7 60,084 143,237
NET CURRENT ASSETS 155,820 81,039
TOTAL ASSETS LESS CURRENT
LIABILITIES

383,337

321,399

CREDITORS
Amounts falling due after more than one
year

8

(42,699

)

(59,127

)

PROVISIONS FOR LIABILITIES 10 (14,014 ) (14,225 )
NET ASSETS 326,624 248,047

CAPITAL AND RESERVES
Called up share capital 11 1 1
Retained earnings 12 326,623 248,046
SHAREHOLDERS' FUNDS 326,624 248,047

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 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.

Squires M Limited (Registered number: 11087602)

Balance Sheet - continued
30th November 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 and authorised for issue by the Board of Directors and authorised for issue on 28th August 2025 and were signed on its behalf by:





M P Squires - Director


Squires M Limited (Registered number: 11087602)

Notes to the Financial Statements
For The Year Ended 30th November 2024

1. STATUTORY INFORMATION

Squires M 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.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

Squires M Limited (Registered number: 11087602)

Notes to the Financial Statements - continued
For The Year Ended 30th November 2024

4. TANGIBLE FIXED ASSETS
Freehold Motor Computer
property vehicles equipment Totals
£    £    £    £   
COST
At 1st December 2023 183,461 91,246 3,538 278,245
Additions - - 1,832 1,832
At 30th November 2024 183,461 91,246 5,370 280,077
DEPRECIATION
At 1st December 2023 - 36,261 1,624 37,885
Charge for year - 13,746 929 14,675
At 30th November 2024 - 50,007 2,553 52,560
NET BOOK VALUE
At 30th November 2024 183,461 41,239 2,817 227,517
At 30th November 2023 183,461 54,985 1,914 240,360

5. STOCKS
30.11.24 30.11.23
£    £   
Stocks 55,838 53,197

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 65,504 47,003
SOT Reserve Accounts 4,358 1,020
Directors' current accounts 24,218 -
Prepayments and accrued income 1,807 4,257
95,887 52,280

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade creditors 1,831 448
Tax 42,080 21,440
VAT 13,621 5,834
Snap On Tools 275 -
Directors' current accounts - 44,626
Accrued expenses 2,277 70,889
60,084 143,237

Squires M Limited (Registered number: 11087602)

Notes to the Financial Statements - continued
For The Year Ended 30th November 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.24 30.11.23
£    £   
Bank loans - 2-5 years 15,833 25,833
Hire purchase contracts 26,866 33,294
42,699 59,127

9. SECURED DEBTS

The following secured debts are included within creditors:

30.11.24 30.11.23
£    £   
Snap on Tools Limited 275 -

Snap on Tools Limited have a fixed and floating charge over the assets of the company.

10. PROVISIONS FOR LIABILITIES
30.11.24 30.11.23
£    £   
Deferred tax 14,014 14,225

Deferred
tax
£   
Balance at 1st December 2023 14,225
Credit to Income Statement during year (211 )
Balance at 30th November 2024 14,014

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.24 30.11.23
value: £    £   
100 Ordinary 0.01 1 1

12. RESERVES
Retained
earnings
£   

At 1st December 2023 248,046
Profit for the year 118,577
Dividends (40,000 )
At 30th November 2024 326,623

Squires M Limited (Registered number: 11087602)

Notes to the Financial Statements - continued
For The Year Ended 30th November 2024

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th November 2024 and 30th November 2023:

30.11.24 30.11.23
£    £   
M P Squires
Balance outstanding at start of year - -
Amounts advanced 24,218 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 24,218 -

14. RELATED PARTY DISCLOSURES

During the year, total dividends of £40,000 were paid to the directors .

15. ULTIMATE CONTROLLING PARTY

The controlling party is M P Squires.

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Squires M Limited

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 Balance Sheet. 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 Squires M Limited for the year ended 30th November 2024 which comprise the Income Statement, Balance Sheet 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Squires M 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 Squires M Limited and state those matters that we have agreed to state to the Board of Directors of Squires M Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Squires M 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 Squires M Limited. You consider that Squires M 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 Squires M 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.






Wildin (Accountants & Auditors) Ltd
Kings Buildings
Lydney
Gloucestershire
GL15 5HE


Date: 28th August 2025