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Company Registration No. 08847281 (England and Wales)
Squish Supply Ltd Unaudited accounts for the year ended 31 December 2024
Squish Supply Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Squish Supply Ltd Company Information for the year ended 31 December 2024
Directors
Robert Alexander Simpson Daniel Robert Harrison
Company Number
08847281 (England and Wales)
Registered Office
2.06 Food Exchange New Covent Garden Market LONDON SW8 5EL UNITED KINGDOM
Accountants
Williams Stanley and Co
- 3 -
Squish Supply Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
350,000 
400,000 
Tangible assets
5
162,467 
243,678 
512,467 
643,678 
Current assets
Inventories
146,413 
233,722 
Debtors
6
667,840 
535,382 
Cash at bank and in hand
47,524 
217,061 
861,777 
986,165 
Creditors: amounts falling due within one year
7
(474,700)
(451,211)
Net current assets
387,077 
534,954 
Total assets less current liabilities
899,544 
1,178,632 
Creditors: amounts falling due after more than one year
8
(259,231)
(397,407)
Provisions for liabilities
Deferred tax
(30,869)
(46,299)
Net assets
609,444 
734,926 
Capital and reserves
Called up share capital
12 
12 
Share premium
754,998 
754,998 
Profit and loss account
(145,566)
(20,084)
Shareholders' funds
609,444 
734,926 
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by
Daniel Robert Harrison Director Company Registration No. 08847281
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Squish Supply Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Squish Supply Ltd is a private company, limited by shares, registered in England and Wales, registration number 08847281. The registered office is 2.06 Food Exchange, New Covent Garden Market, LONDON, SW8 5EL, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
5 Years
Plant & machinery
10% on cost
Motor vehicles
25% on reducing balance
Fixtures & fittings
20% on cost
Computer equipment
33% on cost
Turnover
Turnover is measured at the fair value of the consideration received or receivable, including discounts, rebates, and excluding value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
- 5 -
Squish Supply Ltd Notes to the Accounts for the year ended 31 December 2024
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 January 2024
500,000 
At 31 December 2024
500,000 
Amortisation
At 1 January 2024
100,000 
Charge for the year
50,000 
At 31 December 2024
150,000 
Net book value
At 31 December 2024
350,000 
At 31 December 2023
400,000 
- 6 -
Squish Supply Ltd Notes to the Accounts for the year ended 31 December 2024
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 January 2024
194,275 
7,199 
110,507 
12,194 
324,175 
Additions
608 
- 
30,895 
11,970 
43,473 
Disposals
(88,320)
(6,655)
(7,151)
(6,221)
(108,347)
At 31 December 2024
106,563 
544 
134,251 
17,943 
259,301 
Depreciation
At 1 January 2024
47,733 
4,162 
21,299 
7,303 
80,497 
Charge for the year
15,593 
57 
26,502 
4,462 
46,614 
On disposals
(24,917)
(3,847)
(732)
(781)
(30,277)
At 31 December 2024
38,409 
372 
47,069 
10,984 
96,834 
Net book value
At 31 December 2024
68,154 
172 
87,182 
6,959 
162,467 
At 31 December 2023
146,542 
3,037 
89,208 
4,891 
243,678 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
623,005 
405,519 
Accrued income and prepayments
15,312 
124,953 
Other debtors
29,523 
4,910 
667,840 
535,382 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
115,480 
70,011 
VAT
128,863 
48,746 
Obligations under finance leases and hire purchase contracts
- 
2,333 
Trade creditors
146,569 
294,131 
Taxes and social security
18,635 
13,465 
Other creditors
3,309 
- 
Accruals
61,844 
22,525 
474,700 
451,211 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
70,628 
157,450 
Amounts owed to group undertakings and other participating interests
130,015 
164,910 
Loans from directors
58,588 
75,047 
259,231 
397,407 
- 7 -
Squish Supply Ltd Notes to the Accounts for the year ended 31 December 2024
9
Transactions with related parties
As at 31 December 2024 the company owed Mr D Harrison (director) £32,638 (December 2023: £41,895). The loan accrues at an interest rate of 5% and is repayable on demand. As at 31 December 2024 the company owed Mr R Simpson (director) £25,950 (December 2023: £33,152). The loan accrues at an interest rate of 5% and is repayable on demand. As at 31 December 2024 the company owed Roman Wall Ventures £98,946 (December 2023: £78,009) in respect of two loans with no formal repayment terms. Each loan accrues at a different rate of interest per annum: £60,021 at 5% and £17,988 at 7.5%. As at 31 December 2023 the company owed Finnex Holdings £52,006 (December 2023: £65,964) in respect of two loans with no formal repayment terms. Each loan accrues at a different rate of interest per annum: £40,014 at 5% and £11,992 at 7.5%.
10
Average number of employees
During the year the average number of employees was 14 (2023: 18).
- 8 -