EQUISYS LTD

Company Registration Number:
02120744 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

EQUISYS LTD

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

EQUISYS LTD

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 3,106 9,543
Investments: 4 693,125 693,125
Total fixed assets: 696,231 702,668
Current assets
Debtors: 5 731,315 456,493
Cash at bank and in hand: 2,260,822 1,590,441
Total current assets: 2,992,137 2,046,934
Creditors: amounts falling due within one year: 6 (1,217,901) (1,056,691)
Net current assets (liabilities): 1,774,236 990,243
Total assets less current liabilities: 2,470,467 1,692,911
Total net assets (liabilities): 2,470,467 1,692,911
Capital and reserves
Called up share capital: 50,200 50,200
Share premium account: 2,182 2,182
Profit and loss account: 2,418,085 1,640,529
Shareholders funds: 2,470,467 1,692,911

The notes form part of these financial statements

EQUISYS LTD

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 16 October 2024
and signed on behalf of the board by:

Name: Christopher Oswald
Status: Director

The notes form part of these financial statements

EQUISYS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents amounts receivable from the sale of goods and provision of services net of VAT and trade discounts. Product revenue in respect of software license fees is recognised upon delivery to the customer. Maintenance revenue, which is subscriptions for software assurance and technical support, is recognised over the period of maintenance on a straight line basis. Maintenance revenue relating to future periods is recognised as deferred income and included within creditors.

Tangible fixed assets and depreciation policy

Fixed assets are stated at cost less accumulated depreciation and impairment. Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful economic life, as follows: Computer equipment Straight line over 3 years Fixtures & fittings Straight line over 4 years

EQUISYS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 22 22

EQUISYS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible Assets

Total
Cost £
At 01 April 2023 138,698
Additions 1,005
Disposals (109,757)
At 31 March 2024 29,946
Depreciation
At 01 April 2023 129,155
Charge for year 7,442
On disposals (109,757)
At 31 March 2024 26,840
Net book value
At 31 March 2024 3,106
At 31 March 2023 9,543

EQUISYS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Fixed investments

The company wholly owns the entire share capital of the following companies: Equisys UK Limited, England and Wales, £5,000 (2023 & 2024) Equisys Inc., USA, £258,125 (2023 & 2024) Equisys Timemaster Ltd, England and Wales, £430,000 (2023 & 2024) The principal activities of the group are the development, marketing and sale of software packages for business use. Equisys UK Ltd is dormant.

EQUISYS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Debtors

2024 2023
££
Debtors due after more than one year: 0 0

EQUISYS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Creditors: amounts falling due within one year note

2024 £ 2023 £ Trade creditors 34,626 87,157 Amounts due to group undertakings 169,746 78,066 Other taxes and social security costs 101,713 96,096 Other creditors 4,420 5,550 Accruals and deferred income 907,396 789,822