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REGISTERED NUMBER: 03820409 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Equip (Midlands) Limited

Equip (Midlands) Limited (Registered number: 03820409)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Equip (Midlands) Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mrs H Keable
P Holmes





SECRETARY: Mrs H Keable





REGISTERED OFFICE: Byron Street Works
Buxton
Derbyshire
SK17 6NU





REGISTERED NUMBER: 03820409 (England and Wales)





ACCOUNTANTS: Guthrie Accountancy Services Ltd
Unit 1
11 Eagle Parade
Buxton
Derbyshire
SK17 6EQ

Equip (Midlands) Limited (Registered number: 03820409)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 30,800 37,800
Tangible assets 5 18,139 17,894
48,939 55,694

CURRENT ASSETS
Stocks 114,107 125,941
Debtors 6 209,011 179,746
Cash at bank 142,391 116,504
465,509 422,191
CREDITORS
Amounts falling due within one year 7 190,156 168,478
NET CURRENT ASSETS 275,353 253,713
TOTAL ASSETS LESS CURRENT
LIABILITIES

324,292

309,407

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 324,291 309,406
SHAREHOLDERS' FUNDS 324,292 309,407

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Equip (Midlands) Limited (Registered number: 03820409)

Balance Sheet - continued
30 September 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 28 October 2024 and were signed on its behalf by:





P Holmes - Director


Equip (Midlands) Limited (Registered number: 03820409)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Equip (Midlands) 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 2019, is being amortised evenly over its estimated useful life of ten 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.

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 etc - 25% on reducing balance and 20% 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.

Equip (Midlands) Limited (Registered number: 03820409)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 70,000
AMORTISATION
At 1 October 2023 32,200
Charge for year 7,000
At 30 September 2024 39,200
NET BOOK VALUE
At 30 September 2024 30,800
At 30 September 2023 37,800

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 46,294
Additions 16,638
Disposals (19,167 )
At 30 September 2024 43,765
DEPRECIATION
At 1 October 2023 28,400
Charge for year 5,610
Eliminated on disposal (8,384 )
At 30 September 2024 25,626
NET BOOK VALUE
At 30 September 2024 18,139
At 30 September 2023 17,894

Equip (Midlands) Limited (Registered number: 03820409)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 198,302 170,091
Other debtors 10,709 9,655
209,011 179,746

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 125,928 113,628
Taxation and social security 62,829 53,037
Other creditors 1,399 1,813
190,156 168,478