SQUAREWHEELS ON LOCATION LIMITED Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04724594

SQUAREWHEELS ON LOCATION LIMITED

Filleted Unaudited Financial Statements

30 April 2025

SQUAREWHEELS ON LOCATION LIMITED

Statement of Financial Position

30 April 2025

		2025		2024
Note		£	£	£
Creditors: amounts falling due within one year	4	159,535		159,535
		---------		---------
Net current liabilities			159,535	159,535
			---------	---------
Total assets less current liabilities			( 159,535)	( 159,535)
			---------	---------

Capital and reserves

Called up share capital	2	2
Profit and loss account	( 159,537)	( 159,537)
	---------	---------
Shareholder deficit	( 159,535)	( 159,535)
	---------	---------

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 comprehensive income has not been delivered.

For the year ending 30 April 2025 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

- The member has 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 .

These financial statements were approved by the board of directors and authorised for issue on 6 May 2025 , and are signed on behalf of the board by:

I M Silverstein
Director

Company registration number: 04724594

SQUAREWHEELS ON LOCATION LIMITED

Notes to the Financial Statements

Year ended 30 April 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 55a Vandyke Close, Woburn Sands, Milton Keynes, MK17 8UU.

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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Income statement

The company is dormant as defined by section 1169 of the Companies Act 2006. The company incurred no significant transactions during the current year or prior year.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

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 .

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:

	Motor vehicles	-	15% reducing balance

4. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	7,527	–
Director loan accounts	152,008	159,535
	---------	---------
	159,535	159,535
	---------	---------

5. 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	Amounts repaid	Balance outstanding
	£	£	£	£
I M Silverstein	( 159,535)	7,527	–	( 152,008)
	---------	-------	----	---------

	2024
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
I M Silverstein	( 121,949)	–	( 37,586)	( 159,535)
	---------	----	--------	---------