EQUIVALENT ENGINEERING LTD

Company Registration Number:
04321179 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

EQUIVALENT ENGINEERING LTD

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

EQUIVALENT ENGINEERING LTD

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 51,833 51,285
Total fixed assets: 51,833 51,285
Current assets
Stocks: 172,285 192,347
Debtors: 4 138,894 96,041
Cash at bank and in hand: 80,504 140,947
Total current assets: 391,683 429,335
Creditors: amounts falling due within one year: 5 (238,245) (223,666)
Net current assets (liabilities): 153,438 205,669
Total assets less current liabilities: 205,271 256,954
Creditors: amounts falling due after more than one year: 6 (165,900) (236,734)
Provision for liabilities: (13,018) (13,018)
Total net assets (liabilities): 26,353 7,202
Capital and reserves
Called up share capital: 580 580
Profit and loss account: 25,773 6,622
Shareholders funds: 26,353 7,202

The notes form part of these financial statements

EQUIVALENT ENGINEERING LTD

Balance sheet statements

For the year ending 31 December 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 20 September 2024
and signed on behalf of the board by:

Name: Ryan Walker
Status: Director

The notes form part of these financial statements

EQUIVALENT ENGINEERING LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

EQUIVALENT ENGINEERING LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 22 20

EQUIVALENT ENGINEERING LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible Assets

Total
Cost £
At 01 January 2023 283,584
Additions 26,675
Disposals (30,175)
At 31 December 2023 280,084
Depreciation
At 01 January 2023 232,299
Charge for year 5,759
On disposals (9,807)
At 31 December 2023 228,251
Net book value
At 31 December 2023 51,833
At 31 December 2022 51,285

EQUIVALENT ENGINEERING LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Debtors

2023 2022
££
Debtors due after more than one year: 0 19,345

EQUIVALENT ENGINEERING LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due within one year note

Bank loans £72020 £71548 Trade creditors £103544 £70075 Taxation £62681 £58808 Other creditors £0 £23235 Total £238245 £223666

EQUIVALENT ENGINEERING LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Creditors: amounts falling due after more than one year note

Bank loans £165900 £236734

EQUIVALENT ENGINEERING LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

7. Loans to directors

Name of director receiving advance or credit: Ryan Walker Loan 1
Description of the loan: Advance
£
Balance at 01 January 2023 32,106
Advances or credits made: 677
Advances or credits repaid: 4,382
Balance at 31 December 2023 28,401
Name of director receiving advance or credit: Ryan Walker Loan 2
Description of the loan: Advance
£
Balance at 01 January 2023 0
Advances or credits made: 11,354
Balance at 31 December 2023 11,354
Name of director receiving advance or credit: Lisa Walker Loan 1
Description of the loan: Advance
£
Balance at 01 January 2023 25,211
Advances or credits made: 281
Advances or credits repaid: 10,000
Balance at 31 December 2023 15,492
Name of director receiving advance or credit: Lisa Walker Loan 2
Description of the loan: Advance
£
Balance at 01 January 2023 0
Advances or credits made: 12,031
Advances or credits repaid: 0
Balance at 31 December 2023 12,031

Loans up to £10000 are interest free and repayable on demand. If the loan exceeds £10000, interest is charged at the HMRC official rate. As at 20 September 2024, £28956 has been repaid by the directors towards the loans outstanding as at 31 Dec 2023. The s455 due on the balance, has been paid to HMRC.