REGISTERED NUMBER: 12527609 (England and Wales)

Financial Statements for the Year Ended 31st March 2025

for

Squarcle Consulting Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr G Emmerson

Mr S Perks

Mr N C Allison

REGISTERED OFFICE:

Unit G01

30 Queen Charlotte Street

Bristol

BS1 4HJ

REGISTERED NUMBER:

12527609 (England and Wales)

AUDITORS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

United Kingdom

BS32 4JY

FIXED ASSETS

Intangible assets

4

234,475

-

Tangible assets

5

196,284

153,111

430,759

153,111

CURRENT ASSETS

Debtors

6

4,112,893

2,402,423

Cash at bank

2,000,447

857,017

6,113,340

3,259,440

CREDITORS

Amounts falling due within one year

7

2,590,728

1,536,677

NET CURRENT ASSETS

3,522,612

1,722,763

TOTAL ASSETS LESS CURRENT LIABILITIES

3,953,371

1,875,874

PROVISIONS FOR LIABILITIES

43,756

31,190

NET ASSETS

3,909,615

1,844,684

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

10

3,909,515

1,844,584

SHAREHOLDERS' FUNDS

3,909,615

1,844,684

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 by the Board of Directors and authorised for issue on 23rd December 2025 and were signed on its behalf by:

Mr N C Allison - Director

1.	STATUTORY INFORMATION

Squarcle Consulting Ltd 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.

Revenue recognition

Revenue will not be recognised unless it is probable that economic benefit will flow to the company and the amount can be measured reliably.

Rendering of services

Milestones

revenue is recognised upon achievement of contractual milestones that reflect the transfer of services to the customer. The stage of completion is assessed based on the achievement of agreed milestones.

Time & fees

Revenue is recognised as costs are incurred, together with the applicable margin or fee, provided that recovery of such amounts is probable.

Where the outcome of a contract cannot be estimated reliably, revenue is recognised only to the extent of costs incurred that are expected to be recoverable.

Contract costs include direct labor and attributable overheads. Expected losses on contracts are recognised immediately as an expense.

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.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property - 25% on reducing balance

Fixtures and fittings - 25% on reducing balance and Straight line over 5 - 10 years

Computer equipment - 33.33% on reducing balance and Straight line over 3 years

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.

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.

Going concern

The directors have reviewed and tested projections and budgets for the next twelve months. Following this review, the directors consider there to be little impact on the company's ability to act as a going concern. The directors have reviewed the supply chains, key customers and the capital resources available and consider that the company has adequate resources in place to continue trading for the next twelve months.

Cash and bank

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors and creditors

Short term debtors are measured at transaction price, less any impairment.

Short term creditors are measured at the transaction price.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 90 (2024 - 43 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

Additions

234,475

At 31st March 2025

234,475

NET BOOK VALUE

At 31st March 2025

234,475

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1st April 2024

132,781

2,323

85,882

220,986

Additions

-

3,077

101,800

104,877

At 31st March 2025

132,781

5,400

187,682

325,863

DEPRECIATION

At 1st April 2024

33,195

490

34,190

67,875

Charge for year

24,897

458

36,349

61,704

At 31st March 2025

58,092

948

70,539

129,579

NET BOOK VALUE

At 31st March 2025

74,689

4,452

117,143

196,284

At 31st March 2024

99,586

1,833

51,692

153,111

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

as restated

£

£

Trade debtors

2,219,345

605,482

Other debtors

106,865

6,865

Accrued income

1,716,938

1,785,377

Prepayments

69,745

4,699

4,112,893

2,402,423

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

as restated

£

£

Trade creditors

123,946

387,851

Tax

702,047

314,014

Social security and other taxes

247,881

98,146

VAT

745,068

178,172

Other creditors

52,869

32,644

Directors' current accounts

442,092

56,585

Deferred income

250,000

377,833

Accrued expenses

26,825

91,432

2,590,728

1,536,677

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.25

31.3.24

as restated

£

£

Within one year

79,474

24,000

Between one and five years

48,060

-

127,534

24,000

9.	CALLED UP SHARE CAPITAL

All shares below are allotted, issued and fully paid:

- 2,667 Ordinary A shares, nominal value of £0.01 each.

- 500 Ordinary B shares, nominal value of £0.01 each.

- 1,967 Ordinary C shares, nominal value of £0.01 each.

- 200 Ordinary D shares, nominal value of £0.01 each.

- 500 Ordinary E shares, nominal value of £0.01 each.

- 2,166 Ordinary F shares, nominal value of £0.01 each.

- 500 Ordinary G shares, nominal value of £0.01 each.

- 500 Ordinary H shares, nominal value of £0.01 each.

- 1,000 Ordinary I shares, nominal value of £0.01 each.

10.

RESERVES

Retained

earnings

£

At 1st April 2024

2,336,218

Prior year adjustment

(491,634

)

1,844,584

Profit for the year

3,706,286

Dividends

(1,641,355

)

At 31st March 2025

3,909,515

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Lisa White FCCA (Senior Statutory Auditor)

for and on behalf of Dunkley's