Square Media Solutions Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08569237

SQUARE MEDIA SOLUTIONS LTD

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 March 2025

SQUARE MEDIA SOLUTIONS LTD

STATEMENT OF FINANCIAL POSITION

31 March 2025

	2025		2024
Note	£	£	£	£

FIXED ASSETS

Tangible assets	5		–		8,127

CURRENT ASSETS

Debtors	6	77,821	105,497
Cash at bank and in hand		1,289	31,398
		--------	---------
		79,110	136,895

CREDITORS: amounts falling due within one year	7	86,768		111,501
		--------		---------
NET CURRENT (LIABILITIES)/ASSETS			( 7,658)		25,394
			-------		--------
TOTAL ASSETS LESS CURRENT LIABILITIES			( 7,658)		33,521

CREDITORS: amounts falling due after more than one year	8	82,982	124,873
		--------	---------
NET LIABILITIES		( 90,640)	( 91,352)
		--------	---------

CAPITAL AND RESERVES

Called up share capital fully paid	10	10
Profit and loss account	( 90,650)	( 91,362)
	--------	--------
SHAREHOLDERS DEFICIT	( 90,640)	( 91,352)
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the 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.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

SQUARE MEDIA SOLUTIONS LTD

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 22 December 2025 , and are signed on behalf of the board by:

Mr M L Rigby-White
Director

Company registration number: 08569237

SQUARE MEDIA SOLUTIONS LTD

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 1 Swallow Court, Kettering Parkway, Kettering, Northamptonshire, NN15 6XX.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The company currently meets its daily working capital requirements through operating revenues and banking facilities. On this basis, the director considers it appropriate to prepare the accounts on the going concern basis. The accounts do not include any adjustments that would result from the failure to raise any additional finance that may prove necessary.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	33% reducing balance
Equipment	-	33% straight line

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 1 (2024: 3 ).

5. TANGIBLE ASSETS

	Fixtures and fittings	Equipment	Total
	£	£	£
Cost
At 1 April 2024	22,339	43,434	65,773
Additions	539	–	539
Disposals	( 22,878)	( 43,434)	( 66,312)
	--------	--------	--------
At 31 March 2025	–	–	–
	--------	--------	--------
Depreciation
At 1 April 2024	16,792	40,854	57,646
Charge for the year	1,857	1,852	3,709
Disposals	( 18,649)	( 42,706)	( 61,355)
	--------	--------	--------
At 31 March 2025	–	–	–
	--------	--------	--------
Carrying amount
At 31 March 2025	–	–	–
	--------	--------	--------
At 31 March 2024	5,547	2,580	8,127
	--------	--------	--------

6. DEBTORS

	2025	2024
	£	£
Trade debtors	1,690	17,013
Amounts owed by group undertakings and undertakings in which the company has a participating interest	72,325	85,004
Other debtors	3,806	3,480
	--------	---------
	77,821	105,497
	--------	---------

7. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	37,823	41,744
Trade creditors	89	10,652
Corporation tax	–	111
Social security and other taxes	16,221	32,069
Other creditors	32,635	26,925
	--------	---------
	86,768	111,501
	--------	---------

8. CREDITORS: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	82,982	124,873
	--------	---------

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the director entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Mr M L Rigby-White	( 14)	3,729	3,715
	----	-------	-------

	2024
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Mr M L Rigby-White	–	–	–
	----	----	----

10. RELATED PARTY TRANSACTIONS

The company has taken advantage of the exemption available under FRS 102 not to disclose any transactions with other companies within a 100% owned group. The company was owed £3,386 (2024 - £nil) by a company in which the Director has an interest.

11. GOING CONCERN

The director has considered the period to 31 December 2026 when assessing the company's ability to continue as a going concern. It is believed that the company will be able to satisfy its liabilities as these become payable.