Company Registration No. 12075647 (England and Wales)
L-Square Ltd
Unaudited accounts
for the year ended 30 June 2022
L-Square Ltd
Unaudited accounts
Contents
L-Square Ltd
Company Information
for the year ended 30 June 2022
Directors
Sri Lakshmi Anne
Venkata Rajesh Chalasani
Company Number
12075647 (England and Wales)
Registered Office
25 Eaton Road,
Birmingham
B11 3JF
England
Accountants
JWD Accounting and Tax Services
L-Square Ltd
Statement of financial position
as at
30 June 2022
Tangible assets
58,370
6,012
Cash at bank and in hand
35,507
30,090
Creditors: amounts falling due within one year
(28,907)
(34,830)
Net current assets
25,096
33,890
Total assets less current liabilities
83,466
39,902
Creditors: amounts falling due after more than one year
(83,464)
(39,900)
Called up share capital
2
2
For the year ending 30 June 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 20 March 2023 and were signed on its behalf by
Venkata Rajesh Chalasani
Director
Company Registration No. 12075647
L-Square Ltd
Notes to the Accounts
for the year ended 30 June 2022
L-Square Ltd is a private company, limited by shares, registered in England and Wales, registration number 12075647. The registered office is 25 Eaton Road, , Birmingham, B11 3JF, England.
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
20% Reducing balance
Motor vehicles
20% Reducing balance
Fixtures & fittings
25% Straight line
Computer equipment
33% Straight line
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 July 2021
-
-
6,581
3,226
9,807
Additions
890
64,444
-
4,217
69,551
At 30 June 2022
890
64,444
6,581
7,443
79,358
At 1 July 2021
-
-
1,645
2,150
3,795
Charge for the year
178
12,889
1,645
2,481
17,193
At 30 June 2022
178
12,889
3,290
4,631
20,988
At 30 June 2022
712
51,555
3,291
2,812
58,370
At 30 June 2021
-
-
4,936
1,076
6,012
L-Square Ltd
Notes to the Accounts
for the year ended 30 June 2022
Amounts falling due within one year
Other debtors
18,496
38,630
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
2,100
2,100
Obligations under finance leases and hire purchase contracts
14,609
-
Taxes and social security
-
24,471
Other creditors
4,068
1,960
7
Creditors: amounts falling due after more than one year
2022
2021
Obligations under finance leases and hire purchase contracts
43,826
-
8
Average number of employees
During the year the average number of employees was 2 (2021: 2).