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REGISTERED NUMBER: 07076031 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 DECEMBER 2020 TO 31 DECEMBER 2021

FOR

EQUIPMART LTD

EQUIPMART LTD (REGISTERED NUMBER: 07076031)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 1 December 2020 to 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 5

EQUIPMART LTD

COMPANY INFORMATION
for the Period 1 December 2020 to 31 December 2021







DIRECTORS: J Paxton
E Smith
Mrs L Paxton
K R Paxton





SECRETARY: Mrs L Paxton





REGISTERED OFFICE: Martland Mill
Mart Lane
Burscough
Ormskirk
Lancashire
L40 0SD





REGISTERED NUMBER: 07076031 (England and Wales)





ACCOUNTANTS: Beaumont & Co
Suite 5
Martland Mill
Mart Lane
Burscough
Lancashire
L40 0SD

EQUIPMART LTD (REGISTERED NUMBER: 07076031)

BALANCE SHEET
31 December 2021

31.12.21 30.11.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 226,857 193,778

CURRENT ASSETS
Stocks 550,455 242,754
Debtors 5 320,000 -
Cash at bank 271,633 538,754
1,142,088 781,508
CREDITORS
Amounts falling due within one year 6 478,657 385,231
NET CURRENT ASSETS 663,431 396,277
TOTAL ASSETS LESS CURRENT
LIABILITIES

890,288

590,055

CAPITAL AND RESERVES
Called up share capital 114 114
Retained earnings 890,174 589,941
SHAREHOLDERS' FUNDS 890,288 590,055

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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 17 February 2022 and were signed on its behalf by:





J Paxton - Director


EQUIPMART LTD (REGISTERED NUMBER: 07076031)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 1 December 2020 to 31 December 2021

1. STATUTORY INFORMATION

Equipmart 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.

2. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 8 (2020 - 7 ) .

EQUIPMART LTD (REGISTERED NUMBER: 07076031)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 December 2020 to 31 December 2021

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2020 353,297
Additions 73,035
At 31 December 2021 426,332
DEPRECIATION
At 1 December 2020 159,519
Charge for period 39,956
At 31 December 2021 199,475
NET BOOK VALUE
At 31 December 2021 226,857
At 30 November 2020 193,778

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 30.11.20
£    £   
Other debtors 320,000 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 30.11.20
£    £   
Bank loans and overdrafts 280,120 237,066
Trade creditors 3,675 8,587
Taxation and social security 191,834 139,074
Other creditors 3,028 504
478,657 385,231

EQUIPMART LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
EQUIPMART LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the period ended 31 December 2021 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Beaumont & Co
Suite 5
Martland Mill
Mart Lane
Burscough
Lancashire
L40 0SD


17 February 2022