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REGISTERED NUMBER: 03920424 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 March 2022

for

Equalgrade Limited

Equalgrade Limited (Registered number: 03920424)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Equalgrade Limited

Company Information
for the Year Ended 31 March 2022







DIRECTORS: Mrs S M Tiffney
Mrs T M Ellerby



SECRETARY: Mrs S M Tiffney



REGISTERED OFFICE: 16 Dudley Street
Grimsby
N E Lincolnshire
DN31 2AB



REGISTERED NUMBER: 03920424 (England and Wales)



BANKERS: Lloyds Bank PLC
50-52 Victoria Street
Grimsby
N E Lincolnshire
DN31 1BL

Equalgrade Limited (Registered number: 03920424)

Balance Sheet
31 March 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,397 4,846

CURRENT ASSETS
Debtors 5 16,082 18,970
Cash at bank 85,118 172,723
101,200 191,693
CREDITORS
Amounts falling due within one year 6 89,500 92,616
NET CURRENT ASSETS 11,700 99,077
TOTAL ASSETS LESS CURRENT LIABILITIES 19,097 103,923

CREDITORS
Amounts falling due after more than one year 7 - 85,000
NET ASSETS 19,097 18,923

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 19,095 18,921
SHAREHOLDERS' FUNDS 19,097 18,923

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 1 September 2022 and were signed on its behalf by:





Mrs T M Ellerby - Director


Equalgrade Limited (Registered number: 03920424)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

Equalgrade Limited 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.
Plant and machinery - 20% and 25% straight line
Fixtures and fittings - 10% and 33% straight line

Taxation
Taxation for the year 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 year 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 year was 35 (2021 - 39 ) .

Equalgrade Limited (Registered number: 03920424)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 April 2021 57,242 72,442 129,684
Additions - 4,018 4,018
At 31 March 2022 57,242 76,460 133,702
DEPRECIATION
At 1 April 2021 57,124 67,714 124,838
Charge for year 118 1,349 1,467
At 31 March 2022 57,242 69,063 126,305
NET BOOK VALUE
At 31 March 2022 - 7,397 7,397
At 31 March 2021 118 4,728 4,846

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade debtors 14,798 10,201
Other debtors 1,284 8,769
16,082 18,970

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Bank loans and overdrafts - 15,000
Trade creditors 3,281 7,927
Amounts owed to group undertakings 19,675 3,532
Taxation and social security 9,363 10,882
Other creditors 57,181 55,275
89,500 92,616

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.22 31.3.21
£    £   
Bank loans - 85,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 5,000

Equalgrade Limited (Registered number: 03920424)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

8. GOVERNMENT GRANTS

During the period, the company received the following grants in relation to the covid 19 pandemic:

HMRC JRS/SSP Grants £ 10,867
NELC Local Authority Grant £ 7,240
CBIL Interest paid by the Government £ 725

Total Grants received £18,832.

All of the grants are unconditional and have been accounted for on an accruals basis.