REGISTERED NUMBER: 09461046

Unaudited Financial Statements for the Year Ended 30th April 2026

for

Square One Network Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr P Kinneir

Mr D J Allen

REGISTERED OFFICE:

Unit 5

West Point Row

Bradley Stoke

Bristol

BS32 4QG

REGISTERED NUMBER:

09461046

ACCOUNTANTS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

United Kingdom

BS32 4JY

FIXED ASSETS

Tangible assets

4

12,406

2,744

CURRENT ASSETS

Debtors

5

98,603

148,234

Cash at bank and in hand

406,375

302,682

504,978

450,916

CREDITORS

Amounts falling due within one year

6

275,465

4,127,730

NET CURRENT ASSETS/(LIABILITIES)

229,513

(3,676,814

)

TOTAL ASSETS LESS CURRENT LIABILITIES

241,919

(3,674,070

)

CREDITORS

Amounts falling due after more than one year

7

(3,869,262

)

(22,980

)

PROVISIONS FOR LIABILITIES

(2,357

)

(521

)

NET LIABILITIES

(3,629,700

)

(3,697,571

)

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

10

(3,629,800

)

(3,697,671

)

SHAREHOLDERS' FUNDS

(3,629,700

)

(3,697,571

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2026 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.

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 17th August 2026 and were signed on its behalf by:

Mr P Kinneir - Director

1.	STATUTORY INFORMATION

Square One Network 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.

The financial statements are presented in sterling (£), which is the functional currency of the company.

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.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on cost

Computer equipment

-

33.33% on cost

Financial instruments

The company applies Section 11 "Basic Financial Instruments". Financial assets and liabilities are recognised at transaction price and subsequently measured at amortised cost.

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.

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

At the year end, the company had net liabilities. However, the directors have confirmed that, in their opinion, the company will be able to meet its liabilities as they fall due for the foreseeable future (being a period not less than twelve months) due to their continued financial support of the company. Consequently, the company is considered to be a going concern.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2025 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1st May 2025

1,339,476

662

7,470

1,347,608

Additions

-

13,603

884

14,487

At 30th April 2026

1,339,476

14,265

8,354

1,362,095

DEPRECIATION

At 1st May 2025

1,339,476

662

4,726

1,344,864

Charge for year

-

2,041

2,784

4,825

At 30th April 2026

1,339,476

2,703

7,510

1,349,689

NET BOOK VALUE

At 30th April 2026

-

11,562

844

12,406

At 30th April 2025

-

-

2,744

2,744

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.26

30.4.25

£

£

Trade debtors

70,127

121,926

Prepayments

28,476

26,308

98,603

148,234

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.26

30.4.25

£

£

Bank loans and overdrafts

5,299

5,168

Other loans

-

3,851,581

Trade creditors

148,781

157,157

Social security and other taxes

16,206

17,894

VAT

86,876

85,872

Other creditors

14,707

6,762

Accrued expenses

3,596

3,296

275,465

4,127,730

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.26

30.4.25

£

£

Bank loans - 1-2 years

5,433

5,299

Bank loans - 2-5 years

12,248

16,714

Bank loans more 5 yr by instal

-

967

Other loans - 2-5 years

3,851,581

-

3,869,262

22,980

30.4.26

30.4.25

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

967

8.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.26

30.4.25

£

£

Industrial Funding Loan

3,851,581

3,851,581

The Industrial Funding Loan is secured against the equity of the company.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.26

30.4.25

value:

£

£

100

Ordinary

£1

100

100

10.

RESERVES

Retained

earnings

£

At 1st May 2025

(3,697,671

)

Profit for the year

67,871

At 30th April 2026

(3,629,800

)

11.	CONTINGENT LIABILITIES

The company had no contingent liabilities at the balance sheet date.

12.	POST BALANCE SHEET EVENTS

There have been no material events after the balance sheet date requiring disclosure or adjustment to the financial statements.