Company Registration No. 10775049 (England and Wales)
SQ & YL Limited
Unaudited accounts
for the year ended 31 May 2020
SQ & YL Limited
Unaudited accounts
Contents
SQ & YL Limited
Company Information
for the year ended 31 May 2020
Company Number
10775049 (England and Wales)
Registered Office
28 Thorncroft Road
Portsmouth
PO1 5BJ
SQ & YL Limited
Statement of financial position
as at
31 May 2020
Tangible assets
206,376
207,065
Cash at bank and in hand
2,404
2,593
Creditors: amounts falling due within one year
(95,410)
(100,910)
Net current liabilities
(93,006)
(98,317)
Total assets less current liabilities
113,370
108,748
Creditors: amounts falling due after more than one year
(96,903)
(98,470)
Called up share capital
100
100
Profit and loss account
16,367
10,178
Shareholders' funds
16,467
10,278
For the year ending 31 May 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 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 19 August 2020 and were signed on its behalf by
Suqiang Weng
Director
Company Registration No. 10775049
SQ & YL Limited
Notes to the Accounts
for the year ended 31 May 2020
SQ & YL Limited is a private company, limited by shares, registered in England and Wales, registration number 10775049. The registered office is 28 Thorncroft Road, Portsmouth, PO1 5BJ.
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.
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
Straight line basis over 5 yeaers
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 June 2019
205,000
3,443
208,443
At 31 May 2020
205,000
3,443
208,443
At 1 June 2019
-
1,378
1,378
Charge for the year
-
689
689
At 31 May 2020
-
2,067
2,067
At 31 May 2020
205,000
1,376
206,376
At 31 May 2019
205,000
2,065
207,065
5
Creditors: amounts falling due within one year
2020
2019
Loans from directors
94,910
100,910
SQ & YL Limited
Notes to the Accounts
for the year ended 31 May 2020
6
Creditors: amounts falling due after more than one year
2020
2019
Taxes and social security
-
96
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Average number of employees
During the year the average number of employees was 0 (2019: 2).