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REGISTERED NUMBER: 03920424 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Equalgrade Limited

Equalgrade Limited (Registered number: 03920424)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Equalgrade Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs S M Tiffney
Mrs T M Ellerby



SECRETARY: Mrs S M Tiffney



REGISTERED OFFICE: 28 Dudley Street
Grimsby
N E Lincolnshire
DN31 2AB



REGISTERED NUMBER: 03920424 (England and Wales)



BANKERS: Lloyds Bank PLC
50-52 Victoria Street
Grimsby
N E Lincolnshire
DN31 1BL

Equalgrade Limited (Registered number: 03920424)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,010 6,543

CURRENT ASSETS
Debtors 5 27,748 23,980
Cash at bank and in hand 121,549 69,064
149,297 93,044
CREDITORS
Amounts falling due within one year 6 135,447 85,371
NET CURRENT ASSETS 13,850 7,673
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,860

14,216

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 18,858 14,214
SHAREHOLDERS' FUNDS 18,860 14,216

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 September 2024 and were signed on its behalf by:





Mrs T M Ellerby - Director


Equalgrade Limited (Registered number: 03920424)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Equalgrade 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.

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% and 25% straight line
Fixtures and fittings - 10% and 33% straight line

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.

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 31 (2023 - 33 ) .

Equalgrade Limited (Registered number: 03920424)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 57,242 77,133 134,375
DEPRECIATION
At 1 April 2023 57,242 70,590 127,832
Charge for year - 1,533 1,533
At 31 March 2024 57,242 72,123 129,365
NET BOOK VALUE
At 31 March 2024 - 5,010 5,010
At 31 March 2023 - 6,543 6,543

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 26,242 22,677
Other debtors 1,506 1,303
27,748 23,980

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 2,356 2,983
Amounts owed to group undertakings 43,928 25,484
Taxation and social security 26,801 8,278
Other creditors 62,362 48,626
135,447 85,371