Company Registration No. 5077485 (England and Wales)
ESquare Limited
Unaudited accounts
for the year ended 31 December 2020
ESquare Limited
Unaudited accounts
Contents
ESquare Limited
Company Information
for the year ended 31 December 2020
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
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
ESquare Limited
for the year ended 31 December 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of ESquare Limited for the year ended 31 December 2020 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle
Chartered Management Accountants
Villa House
7 Herbert Terrace
Penarth
Vale of Glamorgan
CF64 2AH
1 January 2021
ESquare Limited
Statement of financial position
as at
31 December 2020
Tangible assets
12,956
16,987
Investments
844,000
844,000
Cash at bank and in hand
11,894
-
Creditors: amounts falling due within one year
(25,045)
(156,449)
Net current assets/(liabilities)
9,542
(34,622)
Total assets less current liabilities
866,498
826,365
Creditors: amounts falling due after more than one year
(513,132)
(717,945)
Provisions for liabilities
Deferred tax
(3,228)
(3,228)
Other provisions
(21,904)
-
Net assets
328,234
105,192
Called up share capital
75,100
75,100
Profit and loss account
253,134
30,092
Shareholders' funds
328,234
105,192
For the year ending 31 December 2020 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 1 January 2021 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 2020
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 2020
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2020
13,855
11,354
8,661
33,870
Additions
3,000
-
-
3,000
At 31 December 2020
16,855
11,354
8,661
36,870
At 1 January 2020
3,996
8,069
4,818
16,883
Charge for the year
2,904
1,234
2,893
7,031
At 31 December 2020
6,900
9,303
7,711
23,914
At 31 December 2020
9,955
2,051
950
12,956
At 31 December 2019
9,859
3,285
3,843
16,987
5
Investments
Subsidiary undertakings
Valuation at 1 January 2020
844,000
Valuation at 31 December 2020
844,000
Trade debtors
17,308
8,191
Other debtors
5,385
113,636
7
Creditors: amounts falling due within one year
2020
2019
Bank loans and overdrafts
-
123,895
Trade creditors
1,364
3,461
Taxes and social security
23,681
13,088
8
Creditors: amounts falling due after more than one year
2020
2019
Bank loans
419,456
346,647
Amounts owed to group undertakings and other participating interests
93,676
123,298
Other creditors
-
248,000
ESquare Limited
Notes to the Accounts
for the year ended 31 December 2020
9
Provisions for liabilities
£
Additional provisions made during the period
10,741
Increase in existing provisions
11,163
At 31 December 2020
21,904
Provisions include client payments on account made in advance of services provided.
10
Share capital
2020
2019
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
75,000 Preference Shares of £1 each
75,000
75,000
11
Average number of employees
During the year the average number of employees was 1 (2019: 4).