Company Registration No. 5077485 (England and Wales)
ESquare Limited
Unaudited accounts
for the year ended 31 December 2022
ESquare Limited
Unaudited accounts
Contents
ESquare Limited
Company Information
for the year ended 31 December 2022
Directors
Damian Evans
Lisa Evans
Matthew Ward
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 2022
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 2022 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 CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
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
Member in Practice
Villa House
7 Herbert Terrace
Penarth
Vale of Glamorgan
CF64 2AH
1 January 2023
ESquare Limited
Statement of financial position
as at
31 December 2022
Intangible assets
20,609
13,485
Tangible assets
2,155
821
Investments
844,001
844,001
Cash at bank and in hand
141
2,872
Creditors: amounts falling due within one year
(73,811)
(27,658)
Net current assets
221,562
75,641
Total assets less current liabilities
1,088,327
933,948
Creditors: amounts falling due after more than one year
(435,510)
(573,653)
Provisions for liabilities
Deferred tax
(4,325)
(3,228)
Other provisions
(49,162)
(22,463)
Net assets
599,330
334,604
ESquare Limited
Statement of financial position
as at
31 December 2022
(continued)
Called up share capital
150,100
75,100
Profit and loss account
449,230
259,504
Shareholders' funds
599,330
334,604
For the year ending 31 December 2022 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 2023 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 2022
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.
Intangible fixed assets (including purchased goodwill and patents) are included at cost.
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.
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.
Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.
Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.
ESquare Limited
Notes to the Accounts
for the year ended 31 December 2022
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.
4
Intangible fixed assets
Other
At 31 December 2022
39,073
Charge for the year
6,964
At 31 December 2022
18,464
At 31 December 2022
20,609
At 31 December 2021
13,485
5
Tangible fixed assets
Fixtures & fittings
Cost or valuation
At cost
At 31 December 2022
13,394
At 31 December 2022
11,239
At 31 December 2022
2,155
6
Investments
Subsidiary undertakings
Valuation at 1 January 2022
844,001
Valuation at 31 December 2022
844,001
ESquare Limited
Notes to the Accounts
for the year ended 31 December 2022
Amounts falling due within one year
Trade debtors
45,451
18,184
Other debtors
156,245
15,905
Amounts falling due after more than one year
Amounts due from group undertakings etc.
93,536
66,338
8
Creditors: amounts falling due within one year
2022
2021
Trade creditors
594
1,022
Taxes and social security
68,527
15,157
9
Creditors: amounts falling due after more than one year
2022
2021
Bank loans
435,510
492,926
Amounts owed to group undertakings and other participating interests
-
80,727
10
Provisions for liabilities
£
Additional provisions made during the period
26,699
At 31 December 2022
49,162
Provisions include client payments on account made in advance of services provided.
11
Share capital
2022
2021
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
150,000 Preference Shares of £1 each
150,000
75,000
Shares issued during the period:
75,000 Preference Shares of £1 each
75,000
12
Transactions with related parties
At the balance sheet date the company was owed £22,060 by ESquare (Bristol) Ltd (02460722), a wholly owned subsidiary (2021: the company owed £80,727).
At the balance sheet date the company was owed £71,478 (2021: £66,338) by ESquare (Newport) Ltd (13360113), a wholly owned subsidiary.
ESquare Limited
Notes to the Accounts
for the year ended 31 December 2022
13
Average number of employees
During the year the average number of employees was 0 (2021: 0).