EQUAL VENTURES LIMITED

Company Registration Number:
09172534 (England and Wales)

Unaudited abridged accounts for the year ended 31 August 2023

Period of accounts

Start date: 01 September 2022

End date: 31 August 2023

EQUAL VENTURES LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2023

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

EQUAL VENTURES LIMITED

Company Information

for the Period Ended 31 August 2023




Director: JM Swiegers
JH Swiegers
Registered office: 8 Paget House
Grove Place, Upton Lane
Nursling
Southampton
SO16 0AQ
Company Registration Number: 09172534 (England and Wales)

EQUAL VENTURES LIMITED

Directors' Report Period Ended 31 August 2023

The directors present their report with the financial statements of the company for the period ended 31 August 2023

Principal Activities

The principal activity of the company in the period under review was: To run a barber shop in Southampton, to rent facilities to independent barbers, to employ barbers and to sell retail hair products.

Political and charitable donations

No political or charitable donations were made during the year.

Company policy on the employment of disabled persons

It is the company's policy to give employment to disabled persons wherever practicable. At present none of the staff is registered disabled.

Additional information

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

Directors

The directors shown below have held office during the whole of the period from 01 September 2022 to 31 August 2023
JM Swiegers
JH Swiegers

This report was approved by the board of directors on 22 February 2024
And Signed On Behalf Of The Board By:

Name: JM Swiegers
Status: Director

EQUAL VENTURES LIMITED

Profit and Loss Account

for the Period Ended 31 August 2023


Notes

2023
£

2022
£
Gross Profit or (Loss) 161,877 144,274
Income from coronavirus (COVID-19) business support grants - 3,679
Administrative Expenses ( 155,615 ) ( 140,730 )
Operating Profit or (Loss) 6,262 7,223
Profit or (Loss) Before Tax 6,262 7,223
Profit or (Loss) for Period 6,262 7,223

The notes form part of these financial statements

EQUAL VENTURES LIMITED

Balance sheet

As at 31 August 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 3,007 3,042
Total fixed assets: 3,007 3,042
Current assets
Stocks: 8,213 6,565
Debtors: 4,760 3,450
Cash at bank and in hand: 32,059 37,628
Total current assets: 45,032 47,643
Prepayments and accrued income: 25,200 25,200
Creditors: amounts falling due within one year: ( 10,474 ) ( 8,396 )
Net current assets (liabilities): 59,758 64,447
Total assets less current liabilities: 62,765 67,489
Creditors: amounts falling due after more than one year: ( 210,940 ) ( 221,927 )
Total net assets (liabilities): ( 148,175 ) ( 154,438 )

The notes form part of these financial statements

EQUAL VENTURES LIMITED

Balance sheet continued

As at 31 August 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: ( 149,175 ) ( 155,438 )
Shareholders funds: ( 148,175 ) ( 154,438 )

For the year ending 31 August 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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 22 February 2024
And Signed On Behalf Of The Board By:

Name: JM Swiegers
Status: Director

The notes form part of these financial statements

EQUAL VENTURES LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 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

    The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT.

    Tangible fixed assets depreciation policy

    Depreciation is provided, after taking account of any grants receivable, at the following rates in order to write off each asset over its estimated useful life.

    Furniture - 20% on cost
    Computer equipment - 33.33% on cost
    Leasehold improvements - 20% on cost

    Intangible fixed assets amortisation policy

    The intangible fixed assets consist of the initial franchise acquisition costs.
    It is amortised at a rate calculated to write it off over its estimated useful
    life which is five years.

    Valuation information and policy

    Stock are valued at the lower of cost and net realizable value, after making due allowance for obsolete and slow moving items.

    Other accounting policies

    Deferred taxation No provision for deferred taxation is made in the accounts as the company incurred a loss for the year under review.

EQUAL VENTURES LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 3 3

    Barbers 2 2
    Directors 1 1
    Total 3 3

EQUAL VENTURES LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

  • 3. Off balance sheet disclosure

    No

EQUAL VENTURES LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

4. Tangible Assets

Total
Cost £
At 01 September 2022 144,060
Additions 1,468
Disposals -
Revaluations -
Transfers -
At 31 August 2023 145,528
Depreciation
At 01 September 2022 141,018
Charge for year 1,503
On disposals -
Other adjustments -
At 31 August 2023 142,521
Net book value
At 31 August 2023 3,007
At 31 August 2022 3,042