Registered number
14655131
Equasys Ltd
Unaudited Filleted Accounts
29 February 2024
Equasys Ltd
Registered number: 14655131
Balance Sheet
as at 29 February 2024
Notes 2024
£
Fixed assets
Investments 3 1,292,982
Current assets
Cash at bank and in hand 33,637
Creditors: amounts falling due within one year 4 (443,842)
Net current liabilities (410,205)
Net assets 882,777
Capital and reserves
Profit and loss account 882,777
Shareholders' funds 882,777
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Adam Moran
Director
Approved by the board on 24 September 2024
Equasys Ltd
Notes to the Accounts
for the period from 10 February 2023 to 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Taxation of dividends
Dividends received from subsidiary companies are treated as exempt distributions in accordance with s931B of the Corporation Tax Act (CTA) 2009 and hence are not liable to corporation tax in the holding company.
2 Employees 2024
Number
Average number of persons employed by the company 1
3 Investments
Investments in
subsidiary
undertakings
£
Cost
Additions 1,292,982
At 29 February 2024 1,292,982
4 Creditors: amounts falling due within one year 2024
£
Amounts due to former director and shareholder 323,042
Director's loan account 120,000
Other creditors and accruals 800
443,842
5 Related party transactions
The company made a dividend payment to its shareholders totalling £2,000 in the year.
6 Controlling party
Equasys Ltd is a holding company which owns 100% of the issued share capital of Equasys IT Solutions Ltd, a private company limited by shares and incorporated in England.
Equasys Ltd is controlled by its director, Mr Adam Moran.
7 Other information
Equasys Ltd is a private company limited by shares and incorporated in England. Its registered office is:
844 Birchwood Boulevard
Birchwood
Warrington
Cheshire
WA3 7QZ
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