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REGISTERED NUMBER: 03127151 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 1ST MARCH 2024

FOR

EQUIJUST LIMITED

EQUIJUST LIMITED (REGISTERED NUMBER: 03127151)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 1ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EQUIJUST LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 1ST MARCH 2024







DIRECTORS: G Parry
A Kidd
N T Perkins
J J Mackenzie
S J Bailey





SECRETARY: G Parry





REGISTERED OFFICE: 45 Bridge Street
Usk
Monmouthshire
NP15 1BQ





REGISTERED NUMBER: 03127151 (England and Wales)





ACCOUNTANTS: Paul Munson & Co
Limited Liability Partnership
45 Bridge Street
Usk
Monmouthshire
NP15 1BQ

EQUIJUST LIMITED (REGISTERED NUMBER: 03127151)

BALANCE SHEET
1ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,862 2,128
Investments 5 19,177 19,177
21,039 21,305

CURRENT ASSETS
Stocks 953,265 1,091,988
Debtors 6 1,132,120 1,103,694
Cash at bank 172,980 172,290
2,258,365 2,367,972
CREDITORS
Amounts falling due within one year 7 905,500 943,510
NET CURRENT ASSETS 1,352,865 1,424,462
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,373,904

1,445,767

PROVISIONS FOR LIABILITIES 354 404
NET ASSETS 1,373,550 1,445,363

EQUIJUST LIMITED (REGISTERED NUMBER: 03127151)

BALANCE SHEET - continued
1ST MARCH 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,373,450 1,445,263
SHAREHOLDERS' FUNDS 1,373,550 1,445,363

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 1st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 1st March 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 27th November 2024 and were signed on its behalf by:





G Parry - Director


EQUIJUST LIMITED (REGISTERED NUMBER: 03127151)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 1ST MARCH 2024

1. STATUTORY INFORMATION

Equijust 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 represents net invoiced sale of goods and services supplied, excluding Value Added Tax.

Recovered expenses are included within turnover, whilst recoverable expenses are shown as a direct cost and included within cost of sales.

Revenue from the sale of services is recognised when the amount of revenue can be measured reliably; it is probable that the economic benefits associated with the transactions will be received by the company; the stage of completion at the balance sheet date can be measured reliably and the costs incurred for the transaction and the costs to complete the transaction can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.


EQUIJUST LIMITED (REGISTERED NUMBER: 03127151)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 1ST MARCH 2024

2. ACCOUNTING POLICIES - continued
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.

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.

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 6 (2023 - 7 ) .

EQUIJUST LIMITED (REGISTERED NUMBER: 03127151)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 1ST MARCH 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 2nd March 2023
and 1st March 2024 28,594 88,577 117,171
DEPRECIATION
At 2nd March 2023 28,593 86,450 115,043
Charge for year - 266 266
At 1st March 2024 28,593 86,716 115,309
NET BOOK VALUE
At 1st March 2024 1 1,861 1,862
At 1st March 2023 1 2,127 2,128

5. FIXED ASSET INVESTMENTS
Own
shares
£   
COST
At 2nd March 2023
and 1st March 2024 19,177
NET BOOK VALUE
At 1st March 2024 19,177
At 1st March 2023 19,177

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2024 2023
£    £   
Trade debtors 251,975 242,209
Related companies 862,198 843,503
Other debtors 3,184 3,184
Rental bond 14,415 14,415
Prepayments and accrued income 348 383
1,132,120 1,103,694

EQUIJUST LIMITED (REGISTERED NUMBER: 03127151)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 1ST MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2024 2023
£    £   
Trade creditors 6,637 2,643
Related companies 822,941 857,492
Social security and other taxes 26,708 26,457
VAT 44,024 46,518
Other creditors 405 830
Accruals 4,785 9,570
905,500 943,510

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company invoiced Equijust Latin America, a company incorporated in the Cayman Islands and which undertakes business in Colombia £nil (2023 - £nil). The amount due from Equijust Latin America in respect of trading, at 1 March 2023 was £nil (2023 - £33,929) During the year, the company made purchases from Equijust Latin America of £95,922 (2023 - £63,044). The amount due to Equijust Latin America at 1 March 2024 was £834,231 (2023 - £834,231). A M Kidd and G E Parry are both directors of Equijust Latin America.

During the year the company invoiced Equijust Inc. which is a company incorporated in Miami, United States of America, and undertakes business in the United States of America, £8,001 (2023 - £9,745). The amount due in respect of trading from Equijust Inc. at 1 March 2024 was £25,159 (2023 - £17,158) During the year, the company made purchases from Equijust Inc of £5,969 (2023 - £22,532). The amount due to Equijust Inc. at 1 March 2024 was £40,207 (2023 - £32,410). A M Kidd and G E Parry are both directors of Equijust Inc.

On 30 April 2008 the company became a subsidiary of Trefynwy Adjusters Limited, a company incorporated in England and Wales. The company loaned Trefynwy Adjusters Limited £860,555 towards the purchase of its shareholding and transaction costs. During the year, the company did not make any purchases on behalf of Trefynwy Adjusters Limited (2023 - £300). The amount due to Equijust Limited as 1 March 2024 was £860,955 (2023 - £860,955). The loan is unsecured but repayable on demand.

9. ULTIMATE CONTROLLING PARTY

A M Kidd and G E Parry are the ultimate controlling party of the company by virtue of their holding of 100% of the issued share capital of Trefynwy Adjusters Limited, and their own shareholdings in Equijust Limited.