Registration number: 08871451

Square Rig Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 10

Square Rig Limited

Company Information

Directors

M Branson S Steadman C R Harris-Marsh P J Freedman H von Spreckelsen

Registered office

Unit 8 Harcourt Way Meridian Business Park Leicester LE19 1WP

Square Rig Limited

(Registration number: 08871451)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	23,834	24,264
Tangible assets	5	167,847	154,053
		191,681	178,317
Current assets
Stocks		166,898	170,894
Debtors	6	100,966	72,025
Cash at bank and in hand		138,806	177,986
		406,670	420,905
Creditors: Amounts falling due within one year	7	(275,344)	(301,621)
Net current assets		131,326	119,284
Total assets less current liabilities		323,007	297,601
Creditors: Amounts falling due after more than one year	7	(2,669)	(20,500)
Provisions for liabilities		(41,374)	(37,943)
Net assets		278,964	239,158
Capital and reserves
Called up share capital	8	2,322	2,322
Retained earnings		276,642	236,836
Shareholders' funds		278,964	239,158

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 12 December 2025 and signed on its behalf by:
 

Square Rig Limited

(Registration number: 08871451)
Balance Sheet as at 31 March 2025

......................................... M Branson Director

Square Rig Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 8 Harcourt Way
Meridian Business Park
Leicester
LE19 1WP

These financial statements were authorised for issue by the Board on 12 December 2025.

2	Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied, net of returns, discounts, value added tax and other sales taxes.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Square Rig Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	10% and 15% on reducing balance
Fixtures and fittings	25% on reducing balance
Motor vehicles	15% on reducing balance
Computer equipment	25% on reducing balance

Intangible assets

Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. Amortisation is calculated, using the straight-line method, to allocate the depreciable amount of the assets to their residual values over their estimated lives, as follows:

Computer software - over 5 years
Development costs - over 5 years

Debtors

Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in Profit and Loss Account.

Creditors

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

Square Rig Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2024 - 5).

Square Rig Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Intangible assets

	Trademarks, patents and licenses  £	Other intangible assets  £	Total £
Cost or valuation
At 1 April 2024	183,240	10,965	194,205
Additions internally developed	11,061	-	11,061
At 31 March 2025	194,301	10,965	205,266
Amortisation
At 1 April 2024	158,976	10,965	169,941
Amortisation charge	11,491	-	11,491
At 31 March 2025	170,467	10,965	181,432
Carrying amount
At 31 March 2025	23,834	-	23,834
At 31 March 2024	24,264	-	24,264

5	Tangible assets

	Fixtures and fittings £	Plant and machinery £	Office equipment £	Motor vehicles  £
Cost or valuation
At 1 April 2024	2,281	201,457	9,739	42,963
Additions	-	23,000	-	39,930
Disposals	-	-	-	(42,963)
At 31 March 2025	2,281	224,457	9,739	39,930
Depreciation
At 1 April 2024	2,024	77,441	6,344	16,578
Charge for the year	64	15,850	847	5,990
Eliminated on disposal	-	-	-	(16,578)
At 31 March 2025	2,088	93,291	7,191	5,990
Carrying amount
At 31 March 2025	193	131,166	2,548	33,940
At 31 March 2024	257	124,016	3,395	26,385

Square Rig Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

	Total £
Cost or valuation
At 1 April 2024	256,440
Additions	62,930
Disposals	(42,963)
At 31 March 2025	276,407
Depreciation
At 1 April 2024	102,387
Charge for the year	22,751
Eliminated on disposal	(16,578)
At 31 March 2025	108,560
Carrying amount
At 31 March 2025	167,847
At 31 March 2024	154,053

Square Rig Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Debtors

Current	2025 £	2024 £
Trade debtors	84,638	51,242
Prepayments	2,762	3,644
Other debtors	13,566	17,139
	100,966	72,025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings		18,548	18,548
Trade creditors		105,016	124,133
Taxation and social security		43,719	49,804
Accruals and deferred income		4,099	5,263
Other creditors		103,962	103,873
		275,344	301,621

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings		2,669	20,500

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	1,710	1,710	1,710	1,710
Ordinary A of £1 each	90	90	90	90
Ordinary B of £1 each	90	90	90	90
Ordinary C of £1 each	134	134	134	134
Ordinary D of £1 each	134	134	134	134
Ordinary E of £1 each	134	134	134	134

Square Rig Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Ordinary F of £1 each	10	10	10	10
Ordinary G of £1 each	10	10	10	10
Ordinary H of £1 each	10	10	10	10
	2,322	2,322	2,322	2,322