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REGISTERED NUMBER: 02689262 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

A1 EQUIPMENT LIMITED

A1 EQUIPMENT LIMITED (REGISTERED NUMBER: 02689262)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A1 EQUIPMENT LIMITED

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Mr L Breindel
Mr Y Breindel





SECRETARY: Mrs J L Breindel





REGISTERED OFFICE: Unit 6 Prologis Park Eastman Way
Hemel Hempstead Industrial Estate
Hemel Hempstead
HP2 7DU





REGISTERED NUMBER: 02689262 (England and Wales)





ACCOUNTANTS: Joshua Leigh & Co Ltd
159 High Street
Barnet
Hertfordshire
EN5 5SU

A1 EQUIPMENT LIMITED (REGISTERED NUMBER: 02689262)

Balance Sheet
29 February 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 63,029 49,890
63,029 49,890

CURRENT ASSETS
Stocks 512,166 379,616
Debtors 6 559,691 615,563
Cash at bank and in hand 1,225 1,023
1,073,082 996,202
CREDITORS
Amounts falling due within one year 7 (759,465 ) (714,068 )
NET CURRENT ASSETS 313,617 282,134
TOTAL ASSETS LESS CURRENT
LIABILITIES

376,646

332,024

CREDITORS
Amounts falling due after more than one
year

8

(12,568

)

(22,343

)

PROVISIONS FOR LIABILITIES (11,808 ) (5,819 )
NET ASSETS 352,270 303,862

CAPITAL AND RESERVES
Called up share capital 10 203 203
Retained earnings 352,067 303,659
SHAREHOLDERS' FUNDS 352,270 303,862

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

A1 EQUIPMENT LIMITED (REGISTERED NUMBER: 02689262)

Balance Sheet - continued
29 February 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 November 2024 and were signed on its behalf by:





Mr Y Breindel - Director


A1 EQUIPMENT LIMITED (REGISTERED NUMBER: 02689262)

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

1. STATUTORY INFORMATION

A1 Equipment 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.

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 2009, is being amortised evenly over its estimated useful life of two 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 the cost less estimated residual value of each asset over its estimated useful life.
Short leasehold - 20% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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 Statement of Income and Retained Earnings, 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

A1 EQUIPMENT LIMITED (REGISTERED NUMBER: 02689262)

Notes to the Financial Statements - continued
for the Year Ended 29 February 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 8 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 50,000
AMORTISATION
At 1 March 2023
and 29 February 2024 50,000
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 March 2023 16,784 6,425 52,493
Additions 15,056 - 17,650
At 29 February 2024 31,840 6,425 70,143
DEPRECIATION
At 1 March 2023 4,294 6,257 32,736
Charge for year 6,367 42 9,351
At 29 February 2024 10,661 6,299 42,087
NET BOOK VALUE
At 29 February 2024 21,179 126 28,056
At 28 February 2023 12,490 168 19,757

A1 EQUIPMENT LIMITED (REGISTERED NUMBER: 02689262)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2023 23,300 - 99,002
Additions - 749 33,455
At 29 February 2024 23,300 749 132,457
DEPRECIATION
At 1 March 2023 5,825 - 49,112
Charge for year 4,369 187 20,316
At 29 February 2024 10,194 187 69,428
NET BOOK VALUE
At 29 February 2024 13,106 562 63,029
At 28 February 2023 17,475 - 49,890

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 17,681 25,692
Other debtors 542,010 589,871
559,691 615,563

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,775 26,579
Trade creditors 220,209 172,920
Taxation and social security 95,991 48,231
Other creditors 433,490 466,338
759,465 714,068

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 12,568 22,343

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdraft - 17,045
Bank loans 22,343 31,877
22,343 48,922

A debenture, dated 12th September 2005 was created by A1 Equipment Limited for securing all monies due or to become due from the Company to the Company's Bank on any account whatsoever.

A1 EQUIPMENT LIMITED (REGISTERED NUMBER: 02689262)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
200 Ordinary £1 200 200
1 A Ordinary £1 1 1
1 B Ordinary £1 1 1
1 C Ordinary £1 1 1
203 203

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
Mr L Breindel
Balance outstanding at start of year - 9,981
Amounts repaid - (9,981 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Mr Y Breindel
Balance outstanding at start of year 30,622 -
Amounts advanced 130,965 72,590
Amounts repaid (147,951 ) (41,968 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 13,636 30,622

The director has cleared the outstanding loan balance within 9 months of the balance sheet date.