Company Registration No. 02460722 (England and Wales)
ESquare (Bristol) Limited
Unaudited accounts
for the year ended 31 December 2022
ESquare (Bristol) Limited
Unaudited accounts
Contents
ESquare (Bristol) Limited
Company Information
for the year ended 31 December 2022
Directors
Damian Evans
Lisa Evans
Matthew Ward
Company Number
02460722 (England and Wales)
Registered Office
432 GLOUCESTER ROAD
HORFIELD
BRISTOL
BS7 8TX
Accountants
Evans Entwistle
432 Gloucester Rd
Bristol
BS7 8TX
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
ESquare (Bristol) 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 (Bristol) 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
432 Gloucester Rd
Bristol
BS7 8TX
1 January 2023
ESquare (Bristol) Limited
Statement of financial position
as at 31 December 2022
Tangible assets
275,892
264,380
Creditors: amounts falling due within one year
(72,917)
(59,659)
Net current assets
110,956
117,901
Total assets less current liabilities
386,848
382,281
Creditors: amounts falling due after more than one year
(143,777)
(150,167)
Provisions for liabilities
Other provisions
(8,520)
(18,499)
Net assets
232,364
213,615
Called up share capital
100
100
Revaluation reserve
60,325
60,325
Profit and loss account
171,939
153,190
Shareholders' funds
232,364
213,615
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. 02460722
ESquare (Bristol) Limited
Notes to the Accounts
for the year ended 31 December 2022
ESquare (Bristol) Limited is a private company, limited by shares, registered in England and Wales, registration number 02460722. The registered office is 432 GLOUCESTER ROAD, HORFIELD, BRISTOL, BS7 8TX.
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
5 years straight line
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.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
ESquare (Bristol) 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
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 January 2022
264,380
-
264,380
At 31 December 2022
264,380
13,087
277,467
Charge for the year
-
1,575
1,575
At 31 December 2022
-
1,575
1,575
At 31 December 2022
264,380
11,512
275,892
At 31 December 2021
264,380
-
264,380
Amounts falling due within one year
Other debtors
61,808
17,289
Amounts falling due after more than one year
Amounts due from group undertakings etc.
122,065
135,456
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
25,214
40,712
Trade creditors
6,107
5,366
Taxes and social security
5,464
9,472
Other creditors
1,054
1,000
ESquare (Bristol) Limited
Notes to the Accounts
for the year ended 31 December 2022
7
Creditors: amounts falling due after more than one year
2022
2021
Bank loans
121,717
150,167
Amounts owed to group undertakings and other participating interests
22,060
-
8
Deferred taxation
2022
2021
Accelerated capital allowances
2,187
-
Charged to the profit and loss account
2,187
-
Provision at end of year
2,187
-
9
Provisions for liabilities
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
11
Transactions with related parties
At the balance sheet date the company owed £22,060 to ESquare Ltd (5077485), a group company (2021: company was owed £80,727).
At the balance sheet date the company was owed £122,065 by ESquare (Newport) Ltd (13360113), a group company (2021: £54,729).
The company is a wholly owned subsidiary of ESquare Limited (05077485). The registered office of the parent company is Villa House, 7 Herbert Terrace, Penarth, CF64 2AH.
13
Average number of employees
During the year the average number of employees was 8 (2021: 7).
