Registered number
12547060
EQUITY CAPITAL INVESTMENTS LTD
Filleted Accounts
30 April 2023
Office Address Ltd
Chartered Certified Accountants
51 Marloes Road
London, W8 6LA
EQUITY CAPITAL INVESTMENTS LTD
Registered number: 12547060
Balance Sheet
as at 30 April 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 3,261 1,600
Current assets
Debtors 4 58,134 12,619
Cash at bank 4,300 9,586
62,434 22,205
Creditors: amounts falling due within one year 5 (20,752) (10,997)
Net current assets 41,682 11,208
Total assets less current liabilities 44,943 12,808
Net assets 44,943 12,808
Capital and reserves
Called up share capital 100 100
Profit and loss account 44,843 12,708
Shareholders' funds 44,943 12,808
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 his 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.
O Wall
Director
Approved by the board on 2 February 2024
EQUITY CAPITAL INVESTMENTS LTD
Notes to the Accounts
for the year ended 30 April 2023
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 and net of discounts. Turnover includes revenue earned from the rendering of services, broker fees, financial intermediation.
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:
Furniture and Equipment 20% reducing balance method
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Furniture and Equipment
£
Cost
At 1 May 2022 2,500
Additions 2,333
At 30 April 2023 4,833
Depreciation
At 1 May 2022 900
Charge for the year 672
At 30 April 2023 1,572
Net book value
At 30 April 2023 3,261
At 30 April 2022 1,600
4 Debtors 2023 2022
£ £
Trade debtors 12,364 7,375
Other debtors 45,770 5,244
58,134 12,619
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank overdrafts 144 -
Taxation and social security costs 11,165 6,997
Other creditors 9,443 4,000
20,752 10,997
6 Related party transactions
A dividend of £4,150 has been paid to Oliver Wall in the accounting year ended 30th April 2023, £8,700 was paid to George Wall as dividend for year ended 30th April 2022. Both Oliver and George Wall operates their offices from home. Travel and subsistence have been refunded.
7 Controlling party
Oliver Wall owns 51% of the ordinary shares in the company while George Wall owns 49%.
8 Other information
EQUITY CAPITAL INVESTMENTS LTD is a private company limited by shares and incorporated in England. Its registered office is:
51 Marloes Road
London
W8 6LA
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