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Company Registration No. 12403186 (England and Wales)
EQUTEQ LTD Unaudited accounts for the year ended 31 January 2024
EQUTEQ LTD Unaudited accounts Contents
Page
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EQUTEQ LTD Company Information for the year ended 31 January 2024
Directors
M Mannarino M Payne
Company Number
12403186 (England and Wales)
Registered Office
20-22 WENLOCK ROAD LONDON N1 7GU ENGLAND
Accountants
Accounts and Legal Consultants Ltd Suite 1-3 The Hop Exchange 24 Southwark Street London SE1 1TY
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EQUTEQ LTD Accountants' report
Accountants' report to the board of directors of EQUTEQ LTD on the preparation of the unaudited statutory accounts for the year ended 31 January 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of EQUTEQ LTD for the year ended 31 January 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of EQUTEQ LTD, 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 EQUTEQ LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than EQUTEQ LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that EQUTEQ LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of EQUTEQ LTD. You consider that EQUTEQ LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of EQUTEQ LTD. 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 statutory accounts.
Accounts and Legal Consultants Ltd Suite 1-3 The Hop Exchange 24 Southwark Street London SE1 1TY 13 May 2024
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EQUTEQ LTD Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,759 
2,207 
Current assets
Debtors
34,354 
4,685 
Cash at bank and in hand
15,901 
77,286 
50,255 
81,971 
Creditors: amounts falling due within one year
(14,575)
(34,930)
Net current assets
35,680 
47,041 
Total assets less current liabilities
37,439 
49,248 
Creditors: amounts falling due after more than one year
(22,306)
(27,500)
Net assets
15,133 
21,748 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
15,033 
21,648 
Shareholders' funds
15,133 
21,748 
For the year ending 31 January 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 April 2024 and were signed on its behalf by
M Mannarino Director Company Registration No. 12403186
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EQUTEQ LTD Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
EQUTEQ LTD is a private company, limited by shares, registered in England and Wales, registration number 12403186. The registered office is 20-22 WENLOCK ROAD, LONDON, N1 7GU, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
straight line 25%
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Going concern
To discuss with client Company is showing profits within new year and reserves looking strong
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EQUTEQ LTD Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 February 2023
2,410 
Additions
191 
At 31 January 2024
2,601 
Depreciation
At 1 February 2023
203 
Charge for the year
639 
At 31 January 2024
842 
Net book value
At 31 January 2024
1,759 
At 31 January 2023
2,207 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
1,422 
533 
Trade debtors
21,617 
3,852 
Amounts due from group undertakings etc.
9,732 
- 
Deferred tax asset
1,238 
Accrued income and prepayments
- 
300 
Other debtors
345 
- 
34,354 
4,685 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
6,645 
10,000 
Trade creditors
9 
- 
Taxes and social security
(58)
6,869 
Loans from directors
7,979 
18,061 
14,575 
34,930 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
22,306 
27,500 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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