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REGISTERED NUMBER: 11236062 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

EQ WEALTH MANAGEMENT LIMITED

EQ WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 11236062)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

EQ WEALTH MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: A Chaudhry
Mrs S Dias





REGISTERED OFFICE: 57 Hinckley Road
Leicester Forest East
Leicester
Leicestershire
LE3 3GL





REGISTERED NUMBER: 11236062 (England and Wales)





ACCOUNTANTS: Orion Accountancy Limited
30 Garners Road
Chalfont St Peter
Buckinghamshire
SL9 0EZ

EQ WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 11236062)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 83,775 141,123

CURRENT ASSETS
Debtors 5 76,513 1,036
Investments 6 - 5,551
Cash at bank 63,978 109,313
140,491 115,900
CREDITORS
Amounts falling due within one year 7 185,717 117,252
NET CURRENT LIABILITIES (45,226 ) (1,352 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

38,549

139,771

CREDITORS
Amounts falling due after more than one year 8 47,350 135,296
NET (LIABILITIES)/ASSETS (8,801 ) 4,475

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings (8,902 ) 4,374
SHAREHOLDERS' FUNDS (8,801 ) 4,475

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.

EQ WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 11236062)

BALANCE SHEET - continued
31 MARCH 2024


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 9 October 2024 and were signed on its behalf by:





A Chaudhry - Director


EQ WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 11236062)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

EQ Wealth Management 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 - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 244,900
Additions 2,435
At 31 March 2024 247,335
DEPRECIATION
At 1 April 2023 103,777
Charge for year 59,783
At 31 March 2024 163,560
NET BOOK VALUE
At 31 March 2024 83,775
At 31 March 2023 141,123

EQ WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 11236062)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 147 729
Directors' current accounts 57,096 -
Tax 19,270 -
Prepayments - 307
76,513 1,036

6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments - 5,551

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,800 12,000
Hire purchase contracts 89,540 30,321
Tax 37,000 48,814
Social security and other taxes 13,660 839
Net Pay Payable 19,074 -
VAT 16,145 22,678
Other creditors 339 -
Directors' current accounts - 1,281
Accrued expenses 1,159 1,319
185,717 117,252

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 47,350 135,296

EQ WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 11236062)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
A Chaudhry
Balance outstanding at start of year - -
Amounts advanced 24,735 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 24,735 -

Mrs S Dias
Balance outstanding at start of year - -
Amounts advanced 32,361 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 32,361 -

The following advances were made during the year ended 31 March 2024. Tax on these balances has been provided for in these accounts.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
EQ WEALTH MANAGEMENT LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of EQ Wealth Management Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of EQ Wealth Management Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of EQ Wealth Management Limited and state those matters that we have agreed to state to the Board of Directors of EQ Wealth Management Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than EQ Wealth Management Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that EQ Wealth Management Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of EQ Wealth Management Limited. You consider that EQ Wealth Management Limited 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 financial statements of EQ Wealth Management Limited. 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 financial statements.






Orion Accountancy Limited
30 Garners Road
Chalfont St Peter
Buckinghamshire
SL9 0EZ


9 October 2024