Squeeze Creations Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07669322 (England and Wales)

SQUEEZE CREATIONS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2021

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs E L Graham

S M Graham

SECRETARY:

Mrs E L Graham

REGISTERED OFFICE:

16 The Brambles

St Albans

Hertfordshire

AL1 2DP

REGISTERED NUMBER:

07669322 (England and Wales)

ACCOUNTANTS:

Miller & Co

Chartered Accountants

2 Victoria Road

Harpenden

Hertfordshire

AL5 4EA

CURRENT ASSETS

Cash at bank

15

2

CREDITORS

Amounts falling due within one year

5

6,803

6,340

NET CURRENT LIABILITIES

(6,788

)

(6,338

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(6,788

)

(6,338

)

CAPITAL AND RESERVES

Called up, paid and allotted s hare capital

2

2

Retained earnings

(6,790

)

(6,340

)

SHAREHOLDERS' FUNDS

(6,788

)

(6,338

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 March 2022 and were signed on its behalf by:

S M Graham - Director

1.	STATUTORY INFORMATION

Squeeze Creations Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling, rounded to the nearest £.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The company had net liabilities of £6,788 at the balance sheet date. The accounts have been prepared on the going concern basis which is considered appropriate by the directors as the company will continue to be supported by directors loans.

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods from those in which they are recognised in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

919

928

Other creditors

5,884

5,412

6,803

6,340

6.	RELATED PARTY DISCLOSURES

The directors operate a loan account with the company. During the year advances of £593 (2020: £361) were made to the company. The loan is interest free and repayable on demand.

7.

COVID-19

During the current accounting period the world was dramatically affected by the Covid-19 pandemic. The director has reviewed the company's position at the balance sheet date and up to the date of signing these accounts and has concluded that there are no material post balance sheet event adjustments required to the carrying amounts of the company's assets and liabilities as a result of the pandemic. They also do not consider that there will be any material financial effect from the pandemic that will impact on the company's ability to continue as a going concern for a period of 12 months from the date of approval of these accounts.