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REGISTERED NUMBER: SC429928 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2022

for

ENERQUIP LIMITED

ENERQUIP LIMITED (REGISTERED NUMBER: SC429928)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ENERQUIP LIMITED

Company Information
for the Year Ended 31 December 2022







DIRECTORS: J P Duncan
A Polson
S H D Cowie
A M G Robins





REGISTERED OFFICE: 5 Carden Place
Aberdeen
AB10 1UT





REGISTERED NUMBER: SC429928 (Scotland)






ENERQUIP LIMITED (REGISTERED NUMBER: SC429928)

Balance Sheet
31 December 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 76,178 29,846
Investments 5 827 741
77,005 30,587

CURRENT ASSETS
Stocks 1,847,761 1,002,741
Debtors 6 7,230,227 2,902,615
Cash at bank and in hand 1,475,193 913,964
10,553,181 4,819,320
CREDITORS
Amounts falling due within one year 7 7,981,394 2,697,403
NET CURRENT ASSETS 2,571,787 2,121,917
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,648,792

2,152,504

CREDITORS
Amounts falling due after more than one year 8 (28,333 ) (38,333 )

PROVISIONS FOR LIABILITIES (18,501 ) (5,671 )
NET ASSETS 2,601,958 2,108,500

CAPITAL AND RESERVES
Called up share capital 200,000 200,000
Retained earnings 2,401,958 1,908,500
2,601,958 2,108,500

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

ENERQUIP LIMITED (REGISTERED NUMBER: SC429928)

Balance Sheet - continued
31 December 2022


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 16 November 2023 and were signed on its behalf by:





A M G Robins - Director


ENERQUIP LIMITED (REGISTERED NUMBER: SC429928)

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


1. STATUTORY INFORMATION

Enerquip Limited is a private company, limited by shares , registered in Scotland. 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 - 33% on cost
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on cost
Software - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


ENERQUIP LIMITED (REGISTERED NUMBER: SC429928)

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


2. ACCOUNTING POLICIES - continued
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 51 (2021 - 38 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Software Totals
£    £    £    £    £   
COST
At 1 January 2022 453,613 60,644 35,727 13,052 563,036
Additions 53,857 32,245 - - 86,102
Disposals (49,424 ) (15,029 ) (787 ) (13,052 ) (78,292 )
Reclassification/transfer 665 (665 ) - - -
At 31 December 2022 458,711 77,195 34,940 - 570,846
DEPRECIATION
At 1 January 2022 434,077 53,888 32,923 12,302 533,190
Charge for year 21,422 10,108 2,779 364 34,673
Eliminated on disposal (45,058 ) (14,709 ) (762 ) (12,666 ) (73,195 )
Reclassification/transfer 369 (369 ) - - -
At 31 December 2022 410,810 48,918 34,940 - 494,668
NET BOOK VALUE
At 31 December 2022 47,901 28,277 - - 76,178
At 31 December 2021 19,536 6,756 2,804 750 29,846

ENERQUIP LIMITED (REGISTERED NUMBER: SC429928)

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


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2022 741
Exchange revaluation 86
At 31 December 2022 827
NET BOOK VALUE
At 31 December 2022 827
At 31 December 2021 741

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 5,125,754 2,076,231
Other debtors 2,104,473 826,384
7,230,227 2,902,615

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 1,980,301 440,961
Amounts owed to group undertakings 3,877,255 1,777,954
Amounts owed to associates 757,123 -
Taxation and social security 88,739 49,205
Other creditors 1,267,976 419,283
7,981,394 2,697,403

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 28,333 38,333

9. ULTIMATE CONTROLLING PARTY

The controlling party is Enerquip Group Limited.

The ultimate controlling party is the directors.