Company Registration No. 07661689 (England and Wales)
Equilance Ltd
Unaudited accounts
for the year ended 30 June 2023
Equilance Ltd
Unaudited accounts
Contents
Equilance Ltd
Company Information
for the year ended 30 June 2023
Directors
Richard Edward Myers
Jonathan Michael Else
Company Number
07661689 (England and Wales)
Registered Office
4 UNIT 4 BONE LANE
NEWBURY
RG14 5SH
ENGLAND
Accountants
Evenstone Ltd
Boston House
Downsview Road
Wantage
Oxfordshire
OX12 9FF
Equilance Ltd
Statement of financial position
as at 30 June 2023
Tangible assets
168,755
168,257
Inventories
169,457
165,630
Cash at bank and in hand
22,226
17,440
Creditors: amounts falling due within one year
(89,634)
(98,600)
Net current assets
129,806
102,588
Total assets less current liabilities
298,561
270,845
Creditors: amounts falling due after more than one year
(31,093)
(36,245)
Net assets
267,468
234,600
Profit and loss account
267,368
234,500
Shareholders' funds
267,468
234,600
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 March 2024 and were signed on its behalf by
Richard Edward Myers
Director
Company Registration No. 07661689
Equilance Ltd
Notes to the Accounts
for the year ended 30 June 2023
Equilance Ltd is a private company, limited by shares, registered in England and Wales, registration number 07661689. The registered office is 4 UNIT 4 BONE LANE, NEWBURY, RG14 5SH, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on reducing balance
Fixtures & fittings
20% on reducing balance
Computer equipment
33% on cost
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Computer software is being amortised over its estimated useful life of three years.
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Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 July 2022
161,611
317
16,126
2,027
180,081
Additions
-
304
4,930
-
5,234
At 30 June 2023
161,611
621
21,056
2,027
185,315
At 1 July 2022
2,000
257
7,540
2,027
11,824
Charge for the year
1,960
73
2,703
-
4,736
At 30 June 2023
3,960
330
10,243
2,027
16,560
At 30 June 2023
157,651
291
10,813
-
168,755
At 30 June 2022
159,611
60
8,586
-
168,257
Equilance Ltd
Notes to the Accounts
for the year ended 30 June 2023
Amounts falling due within one year
Trade debtors
19,012
10,364
Accrued income and prepayments
6,474
5,972
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
6,120
6,120
Trade creditors
31,364
21,041
Taxes and social security
45,956
63,228
Other creditors
5,335
4,371
Loans from directors
-
994
7
Creditors: amounts falling due after more than one year
2023
2022
Taxes and social security
724
724
8
Average number of employees
During the year the average number of employees was 4 (2022: 4).