Company Registration No. 5077485 (England and Wales)
ESquare Limited
Unaudited accounts
for the year ended 31 December 2019
ESquare Limited
Unaudited accounts
Contents
ESquare Limited
Company Information
for the year ended 31 December 2019
Directors
Damian Evans
Lisa Evans
Company Number
5077485 (England and Wales)
Registered Office
VILLA HOUSE
7 HERBERT TERRACE
PENARTH
CF64 2AH
Accountants
Evans Entwistle
Villa House
7 Herbert Terrace
Penarth
Vale of Glamorgan
CF64 2AH
ESquare Limited
Statement of financial position
as at
31 December 2019
Tangible assets
16,987
24,747
Investments
844,000
844,000
Cash at bank and in hand
-
40,581
Creditors: amounts falling due within one year
(156,449)
(27,597)
Net current (liabilities)/assets
(34,622)
26,914
Total assets less current liabilities
826,365
895,661
Creditors: amounts falling due after more than one year
(717,945)
(888,028)
Provisions for liabilities
Called up share capital
75,100
100
Profit and loss account
30,092
7,533
Shareholders' funds
105,192
7,633
For the year ending 31 December 2019 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 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 of Directors and authorised for issue on 11 September 2020 and were signed on its behalf by
Damian Evans
Director
Company Registration No. 5077485
ESquare Limited
Notes to the Accounts
for the year ended 31 December 2019
ESquare Limited is a private company, limited by shares, registered in England and Wales, registration number 5077485. The registered office 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.
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 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
Investments in shares are included at fair value.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
ESquare Limited
Notes to the Accounts
for the year ended 31 December 2019
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2019
14,556
11,354
12,765
38,675
Disposals
(701)
-
(4,104)
(4,805)
At 31 December 2019
13,855
11,354
8,661
33,870
At 1 January 2019
1,925
5,971
6,032
13,928
Charge for the year
2,772
2,098
2,890
7,760
On disposals
(701)
-
(4,104)
(4,805)
At 31 December 2019
3,996
8,069
4,818
16,883
At 31 December 2019
9,859
3,285
3,843
16,987
At 31 December 2018
12,631
5,383
6,733
24,747
5
Investments
Subsidiary undertakings
Valuation at 1 January 2019
844,000
Valuation at 31 December 2019
844,000
Trade debtors
8,191
13,930
7
Creditors: amounts falling due within one year
2019
2018
Bank loans and overdrafts
123,895
11,627
Trade creditors
3,461
1,850
Taxes and social security
13,088
14,070
Other creditors
16,005
50
8
Creditors: amounts falling due after more than one year
2019
2018
Bank loans
346,647
450,000
Amounts owed to group undertakings and other participating interests
123,298
156,028
Other creditors
248,000
282,000
ESquare Limited
Notes to the Accounts
for the year ended 31 December 2019
9
Deferred taxation
2019
2018
Accelerated capital allowances
3,228
-
Charged to the profit and loss account
3,228
-
Provision at end of year
3,228
-
10
Share capital
2019
2018
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
75,000 Preference Shares of £1 each
75,000
-
Shares issued during the period:
75,000 Preference Shares of £1 each
75,000
11
Average number of employees
During the year the average number of employees was 4 (2018: 3).