Square Financial Solutions Limited - Abbreviated accounts 16.3

Square Financial Solutions Limited - Abbreviated accounts 16.3


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REGISTERED NUMBER: 09093906(England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2016

FOR

SQUARE FINANCIAL SOLUTIONS LIMITED

SQUARE FINANCIAL SOLUTIONS LIMITED (REGISTERED NUMBER: 09093906)

CONTENTS OF THE ABBREVIATED ACCOUNTS
For The Year Ended 30 June 2016










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

SQUARE FINANCIAL SOLUTIONS LIMITED

COMPANY INFORMATION
For The Year Ended 30 June 2016







DIRECTORS: C J Frederick
H Frederick





REGISTERED OFFICE: 2 Lawson Terrace
Barnett Lane
Wonersh
Guildford
Surrey
GU5 0RY





REGISTERED NUMBER: 09093906(England and Wales)

SQUARE FINANCIAL SOLUTIONS LIMITED (REGISTERED NUMBER: 09093906)

ABBREVIATED BALANCE SHEET
30 June 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 1,240 1,860

CURRENT ASSETS
Debtors 34,252 14,530
Cash at bank 20,002 9,239
54,254 23,769
CREDITORS
Amounts falling due within one year 55,053 24,836
NET CURRENT LIABILITIES (799 ) (1,067 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

441

793

CAPITAL AND RESERVES
Called up share capital 3 2 2
Profit and loss account 439 791
SHAREHOLDERS' FUNDS 441 793

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 14 February 2017and were signed on its behalf by:





C J Frederick- Director


SQUARE FINANCIAL SOLUTIONS LIMITED (REGISTERED NUMBER: 09093906)

NOTES TO THE ABBREVIATED ACCOUNTS
For The Year Ended 30 June 2016


1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the Financial
Reporting Standard for Smaller Entities (effective January 2015).

Turnover
Turnover represents sales of financial consulting services, excluding value added tax, performed during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment - 25% on reducing balance

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 July 2015
and 30 June 2016 2,480
DEPRECIATION
At 1 July 2015 620
Charge for year 620
At 30 June 2016 1,240
NET BOOK VALUE
At 30 June 2016 1,240
At 30 June 2015 1,860

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
NIL Ordinary £1 - 2
1 Ordinary A £1 1 -
1 Ordinary B £1 1 -
2 2

SQUARE FINANCIAL SOLUTIONS LIMITED (REGISTERED NUMBER: 09093906)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
For The Year Ended 30 June 2016


4. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 30 June 2016, C Frederick owed the company £14,001 (2015 - £5,450). This was the maximum amount owed to the
company during the year. There is no interest due on the loan and it is repayable upon demand.

As at 30 June 2016, H Frederick owed the company £14,001 (2015 - £nil). This was the maximum amount owed to the
company during the year. There is no interest due on the loan and it is repayable upon demand.

5. ULTIMATE CONTROLLING PARTY

The directors are considered to be the ultimate controlling parties by virtue of their ability to act in concert in respect of the
financial and operating policies.