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REGISTERED NUMBER: 12450340 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2024

FOR

EQUIFYVE LIMITED

EQUIFYVE LIMITED (REGISTERED NUMBER: 12450340)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EQUIFYVE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2024







DIRECTORS: R A Feroze
U L Hamilton





REGISTERED OFFICE: 4 Mickleton Drive
Evington
Leicester
Leicestershire
LE5 6GD





REGISTERED NUMBER: 12450340 (England and Wales)





ACCOUNTANTS: Bewers Turner & Co LLP
Chartered Accountants
Portland House
11-13 Station Road
Kettering
Northamptonshire
NN15 7HH

EQUIFYVE LIMITED (REGISTERED NUMBER: 12450340)

BALANCE SHEET
31ST JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 14,160 18,880
Investments 5 110,675 110,675
124,835 129,555

CURRENT ASSETS
Debtors 6 2,768,540 2,618,578
Cash at bank and in hand 344,943 228,607
3,113,483 2,847,185
CREDITORS
Amounts falling due within one year 7 50,552 42,180
NET CURRENT ASSETS 3,062,931 2,805,005
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,187,766

2,934,560

CAPITAL AND RESERVES
Called up share capital 2,310,100 2,310,100
Retained earnings 877,666 624,460
SHAREHOLDERS' FUNDS 3,187,766 2,934,560

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 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 Statement of Income and Retained Earnings has not been delivered.

EQUIFYVE LIMITED (REGISTERED NUMBER: 12450340)

BALANCE SHEET - continued
31ST JANUARY 2024



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




R A Feroze - Director



U L Hamilton - Director


EQUIFYVE LIMITED (REGISTERED NUMBER: 12450340)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024


1. STATUTORY INFORMATION

Equifyve 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of five years.

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.

Investments in subsidiaries
Investments are recognised at cost less impairment.

Financial instruments
The company is party to basic financial instruments such as cash, trade debtors and creditors. Instruments such as trade debtors and creditors are initially recognised at their transaction cost and reviewed at the year end for impairment. Debt instruments not repayable on demand or due within one year are measured at amortised cost using their effective interest rate.

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 2 (2023 - 2 ) .

EQUIFYVE LIMITED (REGISTERED NUMBER: 12450340)

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


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st February 2023
and 31st January 2024 23,600
AMORTISATION
At 1st February 2023 4,720
Charge for year 4,720
At 31st January 2024 9,440
NET BOOK VALUE
At 31st January 2024 14,160
At 31st January 2023 18,880

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakin
£   
COST
At 1st February 2023
and 31st January 2024 110,675
NET BOOK VALUE
At 31st January 2024 110,675
At 31st January 2023 110,675

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Customer loans 1,860,817 1,148,297
Other debtors - 63
1,860,817 1,148,360

Amounts falling due after more than one year:
Customer loans 907,723 1,470,218

Aggregate amounts 2,768,540 2,618,578

EQUIFYVE LIMITED (REGISTERED NUMBER: 12450340)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 41,479 33,939
Other creditors 9,073 8,241
50,552 42,180