IRIS Accounts Production v24.2.0.383 06620023 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh066200232022-12-31066200232023-12-31066200232023-01-012023-12-31066200232021-12-31066200232022-01-012022-12-31066200232022-12-3106620023ns15:EnglandWales2023-01-012023-12-3106620023ns14:PoundSterling2023-01-012023-12-3106620023ns10:Director12023-01-012023-12-3106620023ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3106620023ns10:SmallEntities2023-01-012023-12-3106620023ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3106620023ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3106620023ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3106620023ns10:FullAccounts2023-01-012023-12-310662002312023-01-012023-12-3106620023ns10:Director22023-01-012023-12-3106620023ns10:RegisteredOffice2023-01-012023-12-3106620023ns5:CurrentFinancialInstruments2023-12-3106620023ns5:CurrentFinancialInstruments2022-12-3106620023ns5:Non-currentFinancialInstruments2023-12-3106620023ns5:Non-currentFinancialInstruments2022-12-3106620023ns5:ShareCapital2023-12-3106620023ns5:ShareCapital2022-12-3106620023ns5:RetainedEarningsAccumulatedLosses2023-12-3106620023ns5:RetainedEarningsAccumulatedLosses2022-12-3106620023ns5:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3106620023ns5:ComputerSoftware2023-01-012023-12-3106620023ns5:LongLeaseholdAssetsns5:LandBuildings2023-01-012023-12-3106620023ns5:LeaseholdImprovements2023-01-012023-12-3106620023ns5:PlantMachinery2023-01-012023-12-3106620023ns5:FurnitureFittings2023-01-012023-12-3106620023ns5:MotorVehicles2023-01-012023-12-3106620023ns5:ComputerEquipment2023-01-012023-12-3106620023ns5:IntangibleAssetsOtherThanGoodwill2022-12-3106620023ns5:IntangibleAssetsOtherThanGoodwill2023-12-3106620023ns5:IntangibleAssetsOtherThanGoodwill2022-12-3106620023ns5:LongLeaseholdAssetsns5:LandBuildings2022-12-3106620023ns5:LeaseholdImprovements2022-12-3106620023ns5:PlantMachinery2022-12-3106620023ns5:LongLeaseholdAssetsns5:LandBuildings2023-12-3106620023ns5:LeaseholdImprovements2023-12-3106620023ns5:PlantMachinery2023-12-3106620023ns5:LongLeaseholdAssetsns5:LandBuildings2022-12-3106620023ns5:LeaseholdImprovements2022-12-3106620023ns5:PlantMachinery2022-12-3106620023ns5:FurnitureFittings2022-12-3106620023ns5:MotorVehicles2022-12-3106620023ns5:ComputerEquipment2022-12-3106620023ns5:FurnitureFittings2023-12-3106620023ns5:MotorVehicles2023-12-3106620023ns5:ComputerEquipment2023-12-3106620023ns5:FurnitureFittings2022-12-3106620023ns5:MotorVehicles2022-12-3106620023ns5:ComputerEquipment2022-12-3106620023ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3106620023ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3106620023ns5:DeferredTaxation2022-12-3106620023ns5:DeferredTaxation2023-01-012023-12-3106620023ns5:DeferredTaxation2023-12-31
REGISTERED NUMBER: 06620023 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

EQUITOGS LIMITED

EQUITOGS LIMITED (REGISTERED NUMBER: 06620023)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EQUITOGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: K F Ewers
G S Ewers





REGISTERED OFFICE: Wharf Farm
Wisborough Green
Billingshurst
West Sussex
RH14 0JG





REGISTERED NUMBER: 06620023 (England and Wales)





ACCOUNTANTS: Galloways Accounting
Atlas Chambers
33 West Street
Brighton
East Sussex
BN1 2RE

EQUITOGS LIMITED (REGISTERED NUMBER: 06620023)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 177,559 119,124
177,559 119,124

CURRENT ASSETS
Stocks 972,686 1,036,812
Debtors 6 68,916 78,260
Cash at bank and in hand 392,585 520,607
1,434,187 1,635,679
CREDITORS
Amounts falling due within one year 7 656,173 733,288
NET CURRENT ASSETS 778,014 902,391
TOTAL ASSETS LESS CURRENT
LIABILITIES

955,573

1,021,515

CREDITORS
Amounts falling due after more than one
year

8

(219,529

)

(245,842

)

PROVISIONS FOR LIABILITIES 9 (31,352 ) (5,918 )
NET ASSETS 704,692 769,755

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 703,692 768,755
SHAREHOLDERS' FUNDS 704,692 769,755

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

EQUITOGS LIMITED (REGISTERED NUMBER: 06620023)

BALANCE SHEET - continued
31 DECEMBER 2023


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 26 September 2024 and were signed on its behalf by:





K F Ewers - Director


EQUITOGS LIMITED (REGISTERED NUMBER: 06620023)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Equitogs 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Long leasehold - 10% on cost
Improvements to property - 25% on cost and over the term of the lease
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 20% on reducing balance
Computer equipment - 25% on cost

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 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.

EQUITOGS LIMITED (REGISTERED NUMBER: 06620023)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

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.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 13,614
AMORTISATION
At 1 January 2023
and 31 December 2023 13,614
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Improvements
Long to Plant and
leasehold property machinery
£    £    £   
COST
At 1 January 2023 7,564 25,975 136,973
Additions - 55,899 17,985
Reclassification/transfer - 520 (15,519 )
At 31 December 2023 7,564 82,394 139,439
DEPRECIATION
At 1 January 2023 3,908 24,713 48,998
Charge for year 756 4,110 4,666
Reclassification/transfer - (10,101 ) (5,499 )
At 31 December 2023 4,664 18,722 48,165
NET BOOK VALUE
At 31 December 2023 2,900 63,672 91,274
At 31 December 2022 3,656 1,262 87,975

EQUITOGS LIMITED (REGISTERED NUMBER: 06620023)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 5,226 75,999 32,841 284,578
Additions - - 687 74,571
Reclassification/transfer - - 1,708 (13,291 )
At 31 December 2023 5,226 75,999 35,236 345,858
DEPRECIATION
At 1 January 2023 4,142 58,963 24,730 165,454
Charge for year 597 3,407 3,269 16,805
Reclassification/transfer - - 1,640 (13,960 )
At 31 December 2023 4,739 62,370 29,639 168,299
NET BOOK VALUE
At 31 December 2023 487 13,629 5,597 177,559
At 31 December 2022 1,084 17,036 8,111 119,124

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 54,866 51,114
Other debtors 14,050 27,146
68,916 78,260

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 37,797 48,515
Trade creditors 436,612 458,669
Taxation and social security 131,115 185,964
Other creditors 50,649 40,140
656,173 733,288

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 219,529 245,842

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 61,037 78,075

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 31,352 5,918

EQUITOGS LIMITED (REGISTERED NUMBER: 06620023)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2023 5,918
Provided during year 25,434
Balance at 31 December 2023 31,352