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REGISTERED NUMBER: 10204589 (England and Wales)
























EQUALIBRIUM LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024






EQUALIBRIUM LTD (REGISTERED NUMBER: 10204589)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


EQUALIBRIUM LTD

COMPANY INFORMATION
for the Year Ended 31 MAY 2024







DIRECTORS: Mrs S J Nagy
D J Nagy





REGISTERED OFFICE: 92 Church Green Road
Milton Keynes
MK3 6BY





REGISTERED NUMBER: 10204589 (England and Wales)





ACCOUNTANTS: N J Churcher Limited
Chartered Tax Advisers
44 Ridgeway
Weston Favell
Northampton
Northamptonshire
NN3 3AN

EQUALIBRIUM LTD (REGISTERED NUMBER: 10204589)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,622 1,621

CURRENT ASSETS
Debtors 5 83 11,700
Cash at bank 43,173 70,722
43,256 82,422
CREDITORS
Amounts falling due within one year 6 7,989 67,842
NET CURRENT ASSETS 35,267 14,580
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,889

16,201

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 36,887 16,199
36,889 16,201

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 19 November 2024 and were signed on its behalf by:





D J Nagy - Director


EQUALIBRIUM LTD (REGISTERED NUMBER: 10204589)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 MAY 2024


1. STATUTORY INFORMATION

Equalibrium Ltd 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 etc - 25% on reducing balance

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.

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 ) .

EQUALIBRIUM LTD (REGISTERED NUMBER: 10204589)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MAY 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 6,458
Additions 482
At 31 May 2024 6,940
DEPRECIATION
At 1 June 2023 4,837
Charge for year 481
At 31 May 2024 5,318
NET BOOK VALUE
At 31 May 2024 1,622
At 31 May 2023 1,621

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 11,700
Other debtors 83 -
83 11,700

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 7,989 67,842