Company Registration No. 5077485 (England and Wales)
ESquare Limited
Annual report and unaudited accounts
for the year ended 31 December 2016
ESquare Limited
Annual report and unaudited accounts
Contents
ESquare Limited
Company Information
for the year ended 31 December 2016
Directors
Damian Evans
Lisa Evans
Company Number
5077485 (England and Wales)
Registered Office
VILLA HOUSE
7 HERBERT TERRACE
PENARTH
CF64 2AH
ESquare Limited
Statement of financial position
as at
31 December 2016
Tangible assets
4,860
5,908
Cash at bank and in hand
-
83
Creditors: amounts falling due within one year
(48,453)
(31,719)
Net current assets
12,131
15,050
Total assets less current liabilities
17,092
21,059
Creditors: amounts falling due after more than one year
(16,867)
(19,966)
Called up share capital
100
100
Profit and loss account
125
993
Shareholders' funds
225
1,093
For the year ending 31 December 2016 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared 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.
Approved by the Board on 3 February 2017.
Damian Evans
Director
Company Registration No. 5077485
ESquare Limited
Statement of Changes in Equity
as at
31 December 2016
Share
capital
Profit
& loss
account
Total
At 1 January 2015
100
2,267
2,367
Profit for the year
38,098
38,098
Dividends
(39,372)
(39,372)
At 31 December 2015
100
993
1,093
At 1 January 2016
100
993
1,093
Profit for the year
40,332
40,332
Dividends
(41,200)
(41,200)
At 31 December 2016
100
125
225
ESquare Limited
Notes to the Accounts
for the year ended 31 December 2016
ESquare Limited is a private company, limited by shares, registered in England and Wales, registration number 5077485. The registered office and principal place of business is VILLA HOUSE, 7 HERBERT TERRACE, PENARTH, CF64 2AH.
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.
These financial statements for the year ended 31 December 2016 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2016.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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 sales received net of VAT.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
48 months
Fixtures & fittings
60 months
Computer equipment
36 months
ESquare Limited
Notes to the Accounts
for the year ended 31 December 2016
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2016
701
5,204
2,568
8,473
Additions
-
-
1,536
1,536
At 31 December 2016
701
5,204
4,104
10,009
At 1 January 2016
248
1,214
1,103
2,565
Charge for the year
175
1,041
1,368
2,584
At 31 December 2016
423
2,255
2,471
5,149
At 31 December 2016
278
2,949
1,633
4,860
At 31 December 2015
453
3,990
1,465
5,908
5
Investments
Subsidiary undertakings
Valuation at 1 January 2016
101
Valuation at 31 December 2016
101
Trade debtors
7,740
9,251
Amounts due from group undertakings etc.
34,805
18,536
Other debtors
18,039
18,899
7
Creditors: amounts falling due within one year
2016
2015
Bank loans and overdrafts
9,901
-
Amounts owed to group undertakings and other participating interests
-
1
Corporation tax
13,345
8,147
Other taxes and social security costs
12,123
6,304
Other creditors
979
6,953
Deferred income
12,105
10,314
8
Creditors: amounts falling due after more than one year
2016
2015
ESquare Limited
Notes to the Accounts
for the year ended 31 December 2016
9
Share capital
2016
2015
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Average number of employees
During the year the average number of employees was 0 (2015: 0).