Abbreviated Company Accounts - SQ MANAGEMENT LIMITED

SQ MANAGEMENT LIMITED - Company Information

04563231 SQ MANAGEMENT LIMITED 2014-03-31 false 2013-04-01 2014-03-31 true 04563231 2013-04-01 2014-03-31 04563231 2014-03-31 04563231 2013-03-31 04563231 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 04563231 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2013-03-31 uk-gaap-cd-bus:OrdinaryShareClass3 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass3 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass3 2013-03-31 uk-gaap-cd-bus:OrdinaryShareClass4 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass4 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass4 2013-03-31 iso4217:GBP shares

Registered Number 04563231

SQ MANAGEMENT LIMITED

Abbreviated Accounts

31 March 2014

SQ MANAGEMENT LIMITED Registered Number 04563231

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	10,050	11,491
Investments	3	77,021	51,021
		87,071	62,512
Current assets
Debtors		11,000	11,000
Cash at bank and in hand		296	1,256
		11,296	12,256
Creditors: amounts falling due within one year		(74,870)	(71,029)
Net current assets (liabilities)		(63,574)	(58,773)
Total assets less current liabilities		23,497	3,739
Provisions for liabilities		(2,000)	(2,300)
Total net assets (liabilities)		21,497	1,439
Capital and reserves
Called up share capital	4	103	103
Profit and loss account		21,394	1,336
Shareholders' funds		21,497	1,439

For the year ending 31 March 2014 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 18 December 2014

And signed on their behalf by:
Mrs Nicola Quinnell, Director

SQ MANAGEMENT LIMITED Registered Number 04563231

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
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.

Going Concern Basis of Accounting

The accounts have been prepared on the assumption that the company is able to carry on business as a going concern, which the directors consider appropriate.

Basis of Preparation of Financial Statements

The full financial statements from which these abbreviated accounts have been extracted, have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) under the historical cost convention.
The effect of events in relation to the year ended 31 March 2014 which occurred before the date of approval of the financial statements by the Board of Directors, have been included in the statements to the extent required to show a true and fair view of the state of affairs at 31 March 2014 and of the results for the year ended on that date.

Turnover policy
The company`s turnover represents the value, excluding Value Added Tax, of goods and services supplied to customers during the year.

Tangible assets depreciation policy
Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful lives using the following rates:

Fixtures and fittings - 10% annum of cost

Other accounting policies
Deferred Taxation

Deferred taxation is accounted for in accordance with the requirements of the FRSSE.

Cash Flow

The accounts do not include a cash flow statement because the company as a small reporting entity, is exempt from the requirement [under Financial Reporting Standard 1 Cash flow statements/Financial Reporting Standard for Smaller Entities (effective April 2008)]

2Tangible fixed assets

	£
Cost
At 1 April 2013	15,962
Additions	158
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	16,120
Depreciation
At 1 April 2013	4,471
Charge for the year	1,599
On disposals	-
At 31 March 2014	6,070
Net book values
At 31 March 2014	10,050
At 31 March 2013	11,491

3Fixed assets Investments
Investments are shown at cost in the balance sheet.

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100 A Ordinary shares of £1 each	100	100
1 B Ordinary share of £1 each	1	1
1 C Ordinary share of £1 each	1	1
1 D Ordinary share of £1 each	1	1