Registered number
08746250
Equilibrium Risk Management Limited
Unaudited Filleted Accounts
31 March 2022
API Partnership Limited t/a Chandler & Georges
Chartered Accountants
75, Westow Hill
London
United Kingdom
SE19 1TX
Ph. 0208 761 2213
www.cgca.co.uk
Equilibrium Risk Management Limited
Registered number: 08746250
Balance Sheet
as at 31 March 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 - 605
Current assets
Debtors 4 3,638 5,492
Cash at bank and in hand 177,445 225,454
181,083 230,946
Creditors: amounts falling due within one year 5 (2,749) (49,736)
Net current assets 178,334 181,210
Net assets 178,334 181,815
Capital and reserves
Called up share capital 1 1
Profit and loss account 178,333 181,814
Shareholders' funds 178,334 181,815
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Alison Amos
Director
Approved by the board on 27 June 2022
Equilibrium Risk Management Limited
Notes to the Accounts
for the year ended 31 March 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Fixtures, fittings, tools and equipment
£
Cost
At 1 April 2021 3,570
At 31 March 2022 3,570
Depreciation
At 1 April 2021 2,965
Charge for the year 605
At 31 March 2022 3,570
Net book value
At 31 March 2022 -
At 31 March 2021 605
4 Debtors 2022 2021
£ £
Other debtors 3,638 5,492
5 Creditors: amounts falling due within one year 2022 2021
£ £
Trade creditors 2,201 366
Other taxes and social security costs - 483
Other creditors 548 48,887
2,749 49,736
6 Controlling party
The company is controlled by Alison Amos who owns 100% share capital of the company.
7 Other information
Equilibrium Risk Management Limited is a private company limited by shares and incorporated in England. Its registered office is:
75 Westow Hill
Crystal Palace
London
SE19 1TX
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