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REGISTERED NUMBER: 05197263 (England and Wales)















EQUITY SHOEING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 AUGUST 2023






EQUITY SHOEING LIMITED (REGISTERED NUMBER: 05197263)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 AUGUST 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 6

Accountants' Report 7

EQUITY SHOEING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 AUGUST 2023







DIRECTOR: G D Trundle





REGISTERED OFFICE: 31 Chapel Lane
Leasingham
Sleaford
Lincolnshire
NG34 8LB





REGISTERED NUMBER: 05197263 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
18 Northgate
Sleaford
Lincolnshire
NG34 7BJ

EQUITY SHOEING LIMITED (REGISTERED NUMBER: 05197263)

STATEMENT OF FINANCIAL POSITION
30 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 96,136 78,653

CURRENT ASSETS
Stocks 2,000 11,583
Debtors 5 75,484 73,764
Cash at bank 5,305 6,695
82,789 92,042
CREDITORS
Amounts falling due within one year 6 35,309 55,561
NET CURRENT ASSETS 47,480 36,481
TOTAL ASSETS LESS CURRENT LIABILITIES 143,616 115,134

CREDITORS
Amounts falling due after more than one year 7 (60,148 ) (49,790 )

PROVISIONS FOR LIABILITIES (18,266 ) (14,944 )
NET ASSETS 65,202 50,400

CAPITAL AND RESERVES
Called up share capital 10 4 4
Retained earnings 65,198 50,396
SHAREHOLDERS' FUNDS 65,202 50,400

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 March 2024 and were signed by:





G D Trundle - Director


EQUITY SHOEING LIMITED (REGISTERED NUMBER: 05197263)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 AUGUST 2023

1. STATUTORY INFORMATION

Equity Shoeing 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 10% on reducing balance

Tangible fixed assets are held at cost less depreciation.

Stocks
Stocks are stated at the lower of cost and fair value less costs to complete and sell after making due allowance for slow moving and obsolete items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

EQUITY SHOEING LIMITED (REGISTERED NUMBER: 05197263)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 AUGUST 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 31 August 2022 158,658
Additions 63,630
Disposals (61,500 )
At 30 August 2023 160,788
DEPRECIATION
At 31 August 2022 80,005
Charge for year 22,895
Eliminated on disposal (38,248 )
At 30 August 2023 64,652
NET BOOK VALUE
At 30 August 2023 96,136
At 30 August 2022 78,653

The net book value of tangible fixed assets includes £ 52,058 (2022 - £ 26,684 ) in respect of assets held under hire purchase contracts.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 958 2,226
Other debtors 74,526 71,538
75,484 73,764

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,201 5,202
Hire purchase contracts (see note 8) 7,893 8,946
Trade creditors 1,483 1,826
Taxation and social security 18,632 37,264
Other creditors 2,100 2,323
35,309 55,561

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 9,096 14,298
Hire purchase contracts (see note 8) 51,052 35,492
60,148 49,790

EQUITY SHOEING LIMITED (REGISTERED NUMBER: 05197263)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 AUGUST 2023

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Gross obligations repayable:
Within one year 13,371 11,977
Between one and five years 65,168 36,805
78,539 48,782

Finance charges repayable:
Within one year 5,478 3,031
Between one and five years 14,116 1,313
19,594 4,344

Net obligations repayable:
Within one year 7,893 8,946
Between one and five years 51,052 35,492
58,945 44,438

The total amount of financial commitments, guarantees and contingencies that are not included in the statement of financial position is £1,637 (2022: £5,567).

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 58,945 44,438

Hire purchase contracts are secured on the assets to which they relate.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
4 Ordinary £1 4 4

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 August 2023 and 30 August 2022:

2023 2022
£    £   
G D Trundle
Balance outstanding at start of year 63,711 61,915
Amounts advanced 50,987 52,011
Amounts repaid (47,942 ) (50,215 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 66,756 63,711

EQUITY SHOEING LIMITED (REGISTERED NUMBER: 05197263)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 AUGUST 2023

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES - continued

The amount owed is unsecured and repayable on demand. Interest has been charged at the official rate.

ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
EQUITY SHOEING LIMITED

The following reproduces the text of the report prepared for the director 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 Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Equity Shoeing Limited for the year ended 30 August 2023 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the director of Equity Shoeing Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Equity Shoeing Limited and state those matters that we have agreed to state to the director of Equity Shoeing Limited in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Equity Shoeing Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Equity Shoeing Limited. You consider that Equity Shoeing Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Equity Shoeing Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Duncan & Toplis Limited
18 Northgate
Sleaford
Lincolnshire
NG34 7BJ


Date: .............................................