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Equi Chip Ltd
 
 
Company Registration Number
10146860
 
 
Report of the Directors and
Abridged Unaudited Financial Statements
 
 
Period of accounts
 
Start date 01/05/2023
 
End date 30/04/2024
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 1
Equi Chip Ltd
 
Contents of the Financial Statements
for the Period Ended 30 April 2024
 
 
Page
Company Information 3
 
Report of the Accountants 4
 
Abridged Balance Sheet 5 - 6
 
Notes to the Financial Statements 7 - 10
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 2
Equi Chip Ltd
Company Information
for the Period Ended 30 April 2024
 
Directors G Lock
 
 
Registered office 24 Downsview
Chatham
Kent
ME5 0AP
 
Company Registration Number 10146860
 
Accountants Name B R Pusser & Co Ltd
Address 24 Downsview
Chatham
Kent
ME5 0AP
 
Bankers Name Barclays
Address Leicester
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 3
Equi Chip Ltd
 
Accountants' Report
for the Period Ended 30 April 2024
 
Independent accountants' report
 
Report to the directors on the preparation of the unaudited statutory accounts of the company for theperiod ended 30 April 2024. In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of the company for the period ended 30 April 2024 as set out on pages 3 to 10 which comprise of the Balance Sheet and the related notes from the companys accounting records and from information and explanations you have given us. This report is made solely to the Board of Directors of the company, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the
accounts of the company and state those matters that we have agreed to state to the Board of Directors
of the company, as a body, in this report. To the fullest extent permitted by law, we do not accept or
assume responsibility to anyone other than the company and its Board of Directors as a body for our
work or for this report.
 
It is your duty to ensure the company has kept adequate accounting records and to prepare statutory
accounts that give a true and fair view of the assets, liabilities, financial position and profit/(loss) of
the company. You consider the company is exempt from the statutory audit requirement for the
period.
We have not been instructed to carry out an audit of the financial statements. For this reason, we
have not verified the accuracy or completeness of the accounting records or information and
explanations you have given to us and we do not, therefore, express any opinion on the financial
statements.
 
 
 
 
 
 
 
B R Pusser & Co Ltd
24 Downsview
Chatham
Kent
ME5 0AP
 
Date 2024-08-30
Page 4
Equi Chip Ltd
Balance Sheet
for the Period Ended 30 April 2024
Company registration number 10146860
2024 2,023
Notes £ £
Current assets
Debtors 3 7,963 14,477
Cash at bank and in hand 518
_______ _______
Total current assets/(liabilities) 7,963 14,995
Creditors
Creditors - amounts falling
due within one year 4 4,618 9,645
_______ _______
Net current assets 3,345 5,350
_______ _______
Total assets less current liabilities 3,345 5,350
_______ _______
Creditors - amounts falling
due after more than one year 5 3,700 6,719
_______ _______
Long term creditors 3,700 6,719
____ _____
Net assets/(liabilities) (355) (1,369)
Capital and reserves
Called up share capital 7 1 1
Profit and loss account 8 (356) (1,370)
____ _____
Total shareholders funds (355) (1,369)
 
 
 
 
 
 
 
 
 
 
 
 
Page 5
Equi Chip Ltd
 
Balance Sheet
for the Period Ended 30 April 2024
 
 
 
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The option not to file the profit and loss account has been taken.
 
For the year ending 30 April 2024 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 members have agreed to the preparation of abridged accounts.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
 
The financial statements were approved by the Board of Directors on 2024-08-30
 
SIGNED ON BEHALF OF THE BOARD BY
 
 
 
 
 
 
 
Name G Lock
 
The notes form part of these financial statements
Average number of employees during period 1
 
 
 
 
 
 
 
Page 6
Equi Chip Ltd
Notes to the Financial Statements
for the Period Ended 30 April 2024
1. Accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with the small companies regime.
Going Concern
The company has a deficit on shareholders' funds and relies upon the support of its shareholders and creditors,which has been confirmed for a period of at least twelve months from the approval of the financial statements.Accordingly the directors have prepared the financial statements on the going concern basis.
Tangible fixed assets Depreciation
Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 7
Equi Chip Ltd
Notes to the Financial Statements
for the Period Ended 30 April 2024
2. Tangible fixed assets
Motor Total
vehicles
Cost £ £
At 1 May 2023 27,161 27,161
_____ _____
At 30 April 2024 27,161 27,161
Depreciation
At 1 May 2023 27,161 27,161
_____ _____
At 30 April 2024 27,161 27,161
Net book value
At 30 April 2024 0 0
At 30 April 2023 0 0
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 8
Equi Chip Ltd
Notes to the Financial Statements
for the Period Ended 30 April 2024
3. Debtors 2024 2,023
Trade debtors 511
Prepayments and accrued income 7,963 13,966
____ _____
Total 7,963 14,477
4. Creditors amounts falling due within one year 2024 2,023
Trade creditors 750 1,250
Corporation tax 3,868 8,395
____ ____
Total 4,618 9,645
5. Creditors amounts falling due after more than one year 2024 2,023
Amounts due under finance leases and
hire purchase contracts 3,700 6,719
____ ____
Total 3,700 6,719
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 9
Equi Chip Ltd
Notes to the Financial Statements
for the Period Ended 30 April 2024
6. Borrowings 2024 2,023
The following loans are included within creditors £ £
_ _
Total
7. Share capital 2024 2,023
Authorised type Par value £ £
Ordinary 1 1 1
_ _
Total 1 1
Allotted, called up and paid £ £
Ordinary 1 1
_ _
Total 1 1
8. Reserves/Retained profit
Retained profit reconciliation £
Reserves at 1 May 2023 (1,370)
Profit/(Loss) for year 16,489
Dividends paid 15,475
____
Retained Profit/(Loss) at 30 April 2024 (356)
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 10