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REGISTERED NUMBER: 12338789 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

EQUIDRY LIMITED

EQUIDRY LIMITED (REGISTERED NUMBER: 12338789)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Balance Sheet 1

Notes to the Financial Statements 3


EQUIDRY LIMITED (REGISTERED NUMBER: 12338789)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 397,586 286,829

CURRENT ASSETS
Stocks 686,136 602,426
Debtors 5 270,969 155,134
Cash at bank and in hand 2,039,742 1,310,114
2,996,847 2,067,674
CREDITORS
Amounts falling due within one year 6 762,427 726,071
NET CURRENT ASSETS 2,234,420 1,341,603
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,632,006

1,628,432

CREDITORS
Amounts falling due after more than one
year

7

(206,622

)

(247,802

)

PROVISIONS FOR LIABILITIES 8 (104,817 ) (65,970 )
NET ASSETS 2,320,567 1,314,660

CAPITAL AND RESERVES
Called up share capital 9 300 300
Retained earnings 10 2,320,267 1,314,360
SHAREHOLDERS' FUNDS 2,320,567 1,314,660

EQUIDRY LIMITED (REGISTERED NUMBER: 12338789)

BALANCE SHEET - continued
30 NOVEMBER 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2024 and were signed on its behalf by:




Mr N H W Fiddes - Director Mrs V L Fiddes - Director




Mr S Koval - Director


EQUIDRY LIMITED (REGISTERED NUMBER: 12338789)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

Equidry Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12338789

Registered office: Coxleigh Barton
Shirwell
BARNSTAPLE
Devon
EX31 4JL

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.

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 each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on reducing balance
Office equipment - 20% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.


EQUIDRY LIMITED (REGISTERED NUMBER: 12338789)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Office
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2022 26,733 2,274 259,122 22,004 310,133
Additions 37,613 - 126,126 31,352 195,091
At 30 November 2023 64,346 2,274 385,248 53,356 505,224
DEPRECIATION
At 1 December 2022 1,974 401 18,573 2,356 23,304
Charge for year 8,791 1,873 65,627 8,043 84,334
At 30 November 2023 10,765 2,274 84,200 10,399 107,638
NET BOOK VALUE
At 30 November 2023 53,581 - 301,048 42,957 397,586
At 30 November 2022 24,759 1,873 240,549 19,648 286,829

EQUIDRY LIMITED (REGISTERED NUMBER: 12338789)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 224,355 137,293
Directors' current accounts 72 2,750
Prepayments 46,542 15,091
270,969 155,134

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 41,180 229,174
Trade creditors 129,821 104,011
Corporation tax 358,962 205,723
Social security and other taxes 5,881 -
VAT 222,582 174,874
Directors' current accounts 485 1,290
Accruals and deferred income 3,516 10,999
762,427 726,071

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 50,291 48,680
Bank loans - 2-5 years 156,331 199,122
206,622 247,802

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 104,817 65,970

Deferred
tax
£   
Balance at 1 December 2022 65,970
Provided during year 38,847
Balance at 30 November 2023 104,817

EQUIDRY LIMITED (REGISTERED NUMBER: 12338789)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
300 Ordinary 1 300 300

10. RESERVES
Retained
earnings
£   

At 1 December 2022 1,314,360
Profit for the year 1,272,907
Dividends (267,000 )
At 30 November 2023 2,320,267

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£    £   
Mr N H W Fiddes
Balance outstanding at start of year 2,088 -
Amounts advanced - 2,088
Amounts repaid (2,088 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 2,088

Mr S Koval
Balance outstanding at start of year 662 -
Amounts advanced - 662
Amounts repaid (662 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 662

EQUIDRY LIMITED (REGISTERED NUMBER: 12338789)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mrs V L Fiddes
Balance outstanding at start of year - -
Amounts advanced 72 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 72 -