Company Registration No. 04663318 (England and Wales)
Square Two Lubrication Limited
Unaudited accounts
for the year ended 28 February 2025
Square Two Lubrication Limited
Unaudited accounts
Contents
Square Two Lubrication Limited
Company Information
for the year ended 28 February 2025
Company Number
04663318 (England and Wales)
Registered Office
The Corner House
4 Beaumont Road
Church Stretton
Shropshire
SY6 6BN
United Kingdom
Accountants
S A Acc'y Ltd
The Corner House
4 Beaumont Road
Church Stretton
Shropshire
SY6 6BN
Square Two Lubrication Limited
Statement of financial position
as at 28 February 2025
Cash at bank and in hand
110,713
128,729
Creditors: amounts falling due within one year
(47,330)
(68,103)
Net current assets
97,267
78,487
Total assets less current liabilities
105,889
78,693
Creditors: amounts falling due after more than one year
(28,834)
(34,634)
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
75,318
43,921
Shareholders' funds
75,418
44,021
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 November 2025 and were signed on its behalf by
H McEvaddy
Director
Company Registration No. 04663318
Square Two Lubrication Limited
Notes to the Accounts
for the year ended 28 February 2025
Square Two Lubrication Limited is a private company, limited by shares, registered in England and Wales, registration number 04663318. The registered office is The Corner House, 4 Beaumont Road, Church Stretton, Shropshire, SY6 6BN, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% per annum reducing balance
Motor vehicles
25% per annum reducing balance
Fixtures & fittings
10% per annum reducing balance
Computer equipment
10% per annum reducing balance
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2024
-
238
255
493
Additions
8,249
-
2,500
10,749
At 28 February 2025
8,249
238
2,755
11,242
At 1 March 2024
-
64
223
287
Charge for the year
2,062
18
253
2,333
At 28 February 2025
2,062
82
476
2,620
At 28 February 2025
6,187
156
2,279
8,622
At 29 February 2024
-
174
32
206
Square Two Lubrication Limited
Notes to the Accounts
for the year ended 28 February 2025
Amounts falling due within one year
Trade debtors
22,268
4,341
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
1,949
-
Trade creditors
1,771
31,705
Taxes and social security
25,030
19,099
Other creditors
3,317
3,317
Loans from directors
3,017
13,298
7
Creditors: amounts falling due after more than one year
2025
2024
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 1 (2024: 1).