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Registration number: 14874830

Squid Incorporated Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 May 2026

Squid Incorporated Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 6

Squid Incorporated Limited

Company Information

Director | Mr PR Randall

Registered office | Hagley Road Business Hub 8 Hagley Road Stourbridge West Midlands DY8 1PS

Accountants | CLG Accountants & Business Advisors Hagley Road Business Hub 8 Hagley Road Stourbridge West Midlands DY8 1PS

Squid Incorporated Limited

(Registration number: 14874830)
Balance Sheet as at 31 May 2026

| Note | 2026 £ | 2025 £
Fixed assets |  |  |
Tangible assets | 4 | 2,959 | 5,597
Current assets |  |  |
Cash at bank and in hand |  | 6,099 | 11,202
Creditors: Amounts falling due within one year | 5 | (10,746) | (36,017)
Net current liabilities |  | (4,647) | (24,815)
Net liabilities |  | (1,688) | (19,218)
Capital and reserves |  |  |
Called up share capital | 6 | 33 | 33
Retained earnings |  | (1,721) | (19,251)
Shareholders' deficit |  | (1,688) | (19,218)

For the financial year ending 31 May 2026 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 accounts for the year in question in accordance with section 476; and
• | The director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 18 August 2026

......................................... Mr PR Randall Director

Squid Incorporated Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2026

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:
Hagley Road Business Hub
8 Hagley Road
Stourbridge
West Midlands
DY8 1PS

These financial statements were authorised for issue by the director on 18 August 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

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.

Going concern

The financial statements have been prepared on a going concern basis with the Director having given due consideration to the impact of the current global financial uncertainty. He is of the opinion that neither the Company's ability to trade nor the value of its assets will be significantly impaired. He has also committed his financial support for the foreseeable future.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Squid Incorporated Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2026

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:

Cash and cash equivalents

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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2025 - 2).

Squid Incorporated Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2026

4 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 June 2025 | 11,025 | 11,025
At 31 May 2026 | 11,025 | 11,025
Depreciation
At 1 June 2025 | 5,428 | 5,428
Charge for the year | 2,638 | 2,638
At 31 May 2026 | 8,066 | 8,066
Carrying amount
At 31 May 2026 | 2,959 | 2,959
At 31 May 2025 | 5,597 | 5,597

5 | Creditors

Creditors: amounts falling due within one year

| 2026 £ | 2025 £
Due within one year |  |
Trade creditors | 33 | 17,307
Taxation and social security | 2,823 | 2,596
Other creditors | 7,890 | 16,114
| 10,746 | 36,017

Squid Incorporated Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2026

6 | Share capital

Allotted, called up and fully paid shares

| 2026 | 2025
| No. | £ | No. | £
Ordinary of £0.33 each | 100 | 33 | 100 | 33

7 | Related party transactions

Key management personnel

At the year end the Company owed the Director £7,890. These monies are repayable on demand and have been advanced on an unsecured interest free basis.