2M EQUEST LIMITED

Company Registration Number:
03461709 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2023

Period of accounts

Start date: 1 January 2022

End date: 30 June 2023

2M EQUEST LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

2M EQUEST LIMITED

Directors' report period ended 30 June 2023

The directors present their report with the financial statements of the company for the period ended 30 June 2023

Principal activities of the company

The principal activity of the company during the period was the manufacture of test products for the detergent industry.



Directors

The directors shown below have held office during the whole of the period from
1 January 2022 to 30 June 2023

A M Smits
M M J Verthongen


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
27 September 2023

And signed on behalf of the board by:
Name: M M J Verthongen
Status: Director

2M EQUEST LIMITED

Profit And Loss Account

for the Period Ended 30 June 2023

18 months to 30 June 2023 2021


£

£
Turnover: 2,610 1,667
Cost of sales: ( 1,245 ) ( 823 )
Gross profit(or loss): 1,365 844
Distribution costs: ( 76 ) ( 46 )
Administrative expenses: ( 543 ) ( 333 )
Operating profit(or loss): 746 465
Interest receivable and similar income: 41 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: 787 465
Tax: ( 159 ) 52
Profit(or loss) for the financial year: 628 517

2M EQUEST LIMITED

Balance sheet

As at 30 June 2023

Notes 18 months to 30 June 2023 2021


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 76 92
Investments:   0 0
Total fixed assets: 76 92
Current assets
Stocks: 4 122 119
Debtors: 5 664 2,196
Cash at bank and in hand: 0 0
Investments:   0 0
Total current assets: 786 2,315
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 6 ( 134 ) ( 94 )
Net current assets (liabilities): 652 2,221
Total assets less current liabilities: 728 2,313
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0
Total net assets (liabilities): 728 2,313
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 628 2,213
Total Shareholders' funds: 728 2,313

The notes form part of these financial statements

2M EQUEST LIMITED

Balance sheet statements

For the year ending 30 June 2023 the company was entitled to exemption 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.

This report was approved by the board of directors on 27 September 2023
and signed on behalf of the board by:

Name: M M J Verthongen
Status: Director

The notes form part of these financial statements

2M EQUEST LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover comprises the value of sales (excluding trade discount, allowances, VAT and intra-group transactions) of goods in the normal course of business. Turnover is recognised at the time of despatch.

    Tangible fixed assets depreciation policy

    Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight line method.The estimated useful lives range as follows: Plant and machinery Motor vehicles 4 - 7 years4 years The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

    Other accounting policies

    Stocks, Debtors Cash and cash equivalents, financial instruments, creditors, foreign currency translation, operating leases, pensions, current and deferred taxation, dividends

2M EQUEST LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

  • 2. Employees

    18 months to 30 June 2023 2021
    Average number of employees during the period 28 33

2M EQUEST LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2022 489 12 501
Additions 41 41
Disposals ( 39 ) ( 39 )
Revaluations
Transfers
At 30 June 2023 491 12 503
Depreciation
At 1 January 2022 397 12 409
Charge for year 53 53
On disposals ( 35 ) ( 35 )
Other adjustments
At 30 June 2023 415 12 427
Net book value
At 30 June 2023 76 0 76
At 31 December 2021 92 0 92

2M EQUEST LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

4. Stocks

18 months to 30 June 2023 2021
£ £
Stocks 122 119
Total 122 119

2M EQUEST LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

5. Debtors

18 months to 30 June 2023 2021
£ £
Trade debtors 272 182
Other debtors 392 2,014
Total 664 2,196
Debtors due after more than one year: 0 0

2M EQUEST LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

6. Creditors: amounts falling due within one year note

18 months to 30 June 2023 2021
£ £
Bank loans and overdrafts 0 0
Trade creditors 43 33
Taxation and social security 26 6
Accruals and deferred income 59 41
Other creditors 6 14
Total 134 94