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REGISTERED NUMBER: 11448313 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

EquiBuild UK Construction Limited

EquiBuild UK Construction Limited (Registered number: 11448313)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EquiBuild UK Construction Limited

Company Information
for the Year Ended 31 July 2023







DIRECTOR: M A Waddell





REGISTERED OFFICE: 49 Upton End Road
Shillington
Hitchin
Hertfordshire
SG5 3PE





REGISTERED NUMBER: 11448313 (England and Wales)





ACCOUNTANTS: Chancellers LLP
64 Wilbury Way
Hitchin
Hertfordshire
SG4 0TP

EquiBuild UK Construction Limited (Registered number: 11448313)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 551,928 306,833

CURRENT ASSETS
Debtors 5 1,297,573 597,943
Cash at bank and in hand 127,543 228,276
1,425,116 826,219
CREDITORS
Amounts falling due within one year 6 (769,129 ) (449,422 )
NET CURRENT ASSETS 655,987 376,797
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,207,915

683,630

CREDITORS
Amounts falling due after more than one
year

7

(496,338

)

(275,040

)

PROVISIONS FOR LIABILITIES (137,618 ) (49,141 )
NET ASSETS 573,959 359,449

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 573,859 359,349
573,959 359,449

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

EquiBuild UK Construction Limited (Registered number: 11448313)

Balance Sheet - continued
31 July 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 April 2024 and were signed by:





M A Waddell - Director


EquiBuild UK Construction Limited (Registered number: 11448313)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

EquiBuild UK Construction 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.

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.

Significant judgements and estimates
The preparation of accounts under FRS 102 requires management to make judgements, estimates and assumptions that affect the value of the turnover and profit reported in the profit and loss account for the financial year and the value of assets and liabilities recorded in the balance sheet.

Useful economic lives of tangible fixed assets are set out in the accounting policies. These estimates are the best estimate based on past experience and expected performance and are regularly reviewed to ensure they remain appropriate.

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 the cost less estimated residual value of 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 - 33% on cost, 25% on reducing balance and 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

EquiBuild UK Construction Limited (Registered number: 11448313)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

2. ACCOUNTING POLICIES - continued

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.

Functional currencies
The finance statements are prepared in Great British Pound (£), which is the currency that the company's income is earned and expenditure is paid. Therefore the company has chosen to select the Great British Pound (£) as its functional and reporting currency.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 471,806
Additions 409,832
At 31 July 2023 881,638
DEPRECIATION
At 1 August 2022 164,973
Charge for year 164,737
At 31 July 2023 329,710
NET BOOK VALUE
At 31 July 2023 551,928
At 31 July 2022 306,833

EquiBuild UK Construction Limited (Registered number: 11448313)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 August 2022 381,274
Additions 393,006
Transfer to ownership (4,063 )
At 31 July 2023 770,217
DEPRECIATION
At 1 August 2022 119,649
Charge for year 149,803
Transfer to ownership (3,117 )
At 31 July 2023 266,335
NET BOOK VALUE
At 31 July 2023 503,882
At 31 July 2022 261,625

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 892,076 400,338
Other debtors 405,497 197,605
1,297,573 597,943

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 6,679 6,694
Hire purchase contracts 138,407 66,764
Trade creditors 568,975 319,046
Taxation and social security 32,444 19,310
Other creditors 22,624 37,608
769,129 449,422

EquiBuild UK Construction Limited (Registered number: 11448313)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans 32,579 38,172
Hire purchase contracts 463,759 236,868
496,338 275,040

8. SECURED DEBTS

The following secured debts are included within creditors:

31.7.23 31.7.22
£    £   
Hire purchase contracts 602,166 303,632

Hire purchase agreements are secured against the assets to which they relate to.