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Company Registration No. 07661689 (England and Wales)
Equilance Ltd Unaudited accounts for the year ended 30 June 2023
Equilance Ltd Unaudited accounts Contents
Page
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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
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Equilance Ltd Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
168,755 
168,257 
Current assets
Inventories
169,457 
165,630 
Debtors
27,757 
18,118 
Cash at bank and in hand
22,226 
17,440 
219,440 
201,188 
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 
Capital and reserves
Share premium
100 
100 
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
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Equilance Ltd Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
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.
4
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 
Depreciation
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 
Net book value
At 30 June 2023
157,651 
291 
10,813 
- 
168,755 
At 30 June 2022
159,611 
60 
8,586 
- 
168,257 
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Equilance Ltd Notes to the Accounts for the year ended 30 June 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
19,012 
10,364 
Accrued income and prepayments
6,474 
5,972 
Other debtors
2,271 
1,782 
27,757 
18,118 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
6,120 
6,120 
VAT
859 
2,846 
Trade creditors
31,364 
21,041 
Taxes and social security
45,956 
63,228 
Other creditors
5,335 
4,371 
Loans from directors
- 
994 
89,634 
98,600 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
30,369 
35,521 
Taxes and social security
724 
724 
31,093 
36,245 
8
Average number of employees
During the year the average number of employees was 4 (2022: 4).
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