Company Registration No. 12320610 (England and Wales)
SQR Group Limited
Unaudited accounts
for the year ended 30 November 2021
SQR Group Limited
Unaudited accounts
Contents
SQR Group Limited
Company Information
for the year ended 30 November 2021
Company Number
12320610 (England and Wales)
Registered Office
130 Old Street
London
EC1V 9BD
SQR Group Limited
Statement of financial position
as at
30 November 2021
Tangible assets
4,261
1,098
Cash at bank and in hand
52,284
12,025
Creditors: amounts falling due within one year
(34,390)
(11,014)
Net current assets
40,970
8,449
Called up share capital
100
100
Profit and loss account
45,131
9,447
Shareholders' funds
45,231
9,547
For the year ending 30 November 2021 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 17 June 2022 and were signed on its behalf by
S Rintoul
Director
Company Registration No. 12320610
SQR Group Limited
Notes to the Accounts
for the year ended 30 November 2021
SQR Group Limited is a private company, limited by shares, registered in England and Wales, registration number 12320610. The registered office is 130 Old Street, London, EC1V 9BD.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Fixtures & fittings
25% Straight Line
Computer equipment
33% Straight Line
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 December 2020
-
1,647
1,647
Additions
3,269
1,873
5,142
At 30 November 2021
3,269
3,520
6,789
At 1 December 2020
-
549
549
Charge for the year
817
1,162
1,979
At 30 November 2021
817
1,711
2,528
At 30 November 2021
2,452
1,809
4,261
At 30 November 2020
-
1,098
1,098
SQR Group Limited
Notes to the Accounts
for the year ended 30 November 2021
5
Debtors: amounts falling due within one year
2021
2020
Debtors: amounts falling due after more than one year
Trade debtors
23,076
7,438
6
Creditors: amounts falling due within one year
2021
2020
Trade creditors
7,629
4,130
Taxes and social security
8,748
3,573
Loans from directors
432
-
7
Average number of employees
During the year the average number of employees was 4 (2020: 1).