Equality Diversity & Inclusion Services Ltd SC355511 true 2023-03-01 2024-02-29 2024-02-29 The principal activity of the company is has been providing inclusive learning and development support through people centred solutions Digita Accounts Production Advanced 6.30.9574.0 true Priscilla Chipo Marongwe true SC355511 2023-03-01 2024-02-29 SC355511 2024-02-29 SC355511 bus:OrdinaryShareClass1 2024-02-29 SC355511 core:RetainedEarningsAccumulatedLosses 2024-02-29 SC355511 core:ShareCapital 2024-02-29 SC355511 core:CurrentFinancialInstruments 2024-02-29 SC355511 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 SC355511 core:CurrentFinancialInstruments core:WithinOneYear 2 2024-02-29 SC355511 core:Goodwill 2024-02-29 SC355511 core:FurnitureFittingsToolsEquipment 2024-02-29 SC355511 bus:FRS102 2023-03-01 2024-02-29 SC355511 bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 SC355511 bus:FullAccounts 2023-03-01 2024-02-29 SC355511 bus:RegisteredOffice 2023-03-01 2024-02-29 SC355511 bus:Director1 2023-03-01 2024-02-29 SC355511 bus:OrdinaryShareClass1 2023-03-01 2024-02-29 SC355511 bus:EntityNoLongerTradingButTradedInPast 2023-03-01 2024-02-29 SC355511 bus:Consolidated 2023-03-01 2024-02-29 SC355511 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 SC355511 core:Goodwill 2023-03-01 2024-02-29 SC355511 core:FurnitureFittingsToolsEquipment 2023-03-01 2024-02-29 SC355511 countries:Scotland 2023-03-01 2024-02-29 SC355511 2023-02-28 SC355511 core:Goodwill 2023-02-28 SC355511 core:FurnitureFittingsToolsEquipment 2023-02-28 SC355511 2023-02-28 SC355511 bus:OrdinaryShareClass1 2023-02-28 SC355511 core:RetainedEarningsAccumulatedLosses 2023-02-28 SC355511 core:ShareCapital 2023-02-28 SC355511 core:CurrentFinancialInstruments 2023-02-28 SC355511 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 SC355511 core:CurrentFinancialInstruments core:WithinOneYear 2 2023-02-28 SC355511 core:FurnitureFittingsToolsEquipment 2023-02-28 iso4217:GBP xbrli:pure xbrli:shares

Registration number: SC355511

Equality Diversity & Inclusion Services Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 29 February 2024

 

Equality Diversity & Inclusion Services Ltd

Profit and Loss Account for the Year Ended 29 February 2024

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

Equality Diversity & Inclusion Services Ltd

(Registration number: SC355511)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1

1

Current assets

 

Debtors

5

1,756

500

Cash at bank and in hand

 

412

39

 

2,168

539

Creditors: Amounts falling due within one year

7

(4,009)

(2,380)

Net current liabilities

 

(1,841)

(1,841)

Net liabilities

 

(1,840)

(1,840)

Capital and reserves

 

Called up share capital

8

1

1

Retained earnings

(1,841)

(1,841)

Shareholders' deficit

 

(1,840)

(1,840)

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 12 November 2024
 

.........................................
Priscilla Chipo Marongwe
Director

 

Equality Diversity & Inclusion Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
47 Westburn Middlefield
Edinburgh
EH14 2TJ

These financial statements were authorised for issue by the director on 12 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures, fittings, equipment

effectively fully written down

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

 

Equality Diversity & Inclusion Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Asset class

Amortisation method and rate

Goodwill

fully written off on basis of having no value any longer

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Equality Diversity & Inclusion Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

3

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 March 2023

5,000

5,000

At 29 February 2024

5,000

5,000

Amortisation

At 1 March 2023

5,000

5,000

At 29 February 2024

5,000

5,000

Carrying amount

At 29 February 2024

-

-

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 March 2023

623

623

At 29 February 2024

623

623

Depreciation

At 1 March 2023

622

622

At 29 February 2024

622

622

Carrying amount

At 29 February 2024

1

1

At 28 February 2023

1

1

5

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

-

500

Prepayments

 

1,442

-

Income tax asset

314

-

   

1,756

500

 

Equality Diversity & Inclusion Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

6

Cash and cash equivalents

2024
£

2023
£

Cash at bank

412

39

7

Creditors

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

3,409

839

Accruals

 

600

600

Income tax liability

-

941

 

4,009

2,380

8

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1

         

9

Loans and borrowings

2024
£

2023
£

Current loans and borrowings

Director current account

3,409

839