2023-03-012024-02-292024-02-29false07415139EQUIPROFI LIMITED2024-11-2941202iso4217:GBPxbrli:pure074151392023-03-01074151392024-02-29074151392023-03-012024-02-29074151392022-03-01074151392023-02-28074151392022-03-012023-02-2807415139bus:SmallEntities2023-03-012024-02-2907415139bus:AuditExempt-NoAccountantsReport2023-03-012024-02-2907415139bus:FullAccounts2023-03-012024-02-2907415139bus:PrivateLimitedCompanyLtd2023-03-012024-02-2907415139core:WithinOneYear2024-02-2907415139core:AfterOneYear2024-02-2907415139core:WithinOneYear2023-02-2807415139core:AfterOneYear2023-02-2807415139core:ShareCapital2024-02-2907415139core:SharePremium2024-02-2907415139core:RevaluationReserve2024-02-2907415139core:OtherReservesSubtotal2024-02-2907415139core:RetainedEarningsAccumulatedLosses2024-02-2907415139core:ShareCapital2023-02-2807415139core:SharePremium2023-02-2807415139core:RevaluationReserve2023-02-2807415139core:OtherReservesSubtotal2023-02-2807415139core:RetainedEarningsAccumulatedLosses2023-02-2807415139core:LandBuildings2024-02-2907415139core:PlantMachinery2024-02-2907415139core:Vehicles2024-02-2907415139core:FurnitureFittings2024-02-2907415139core:OfficeEquipment2024-02-2907415139core:NetGoodwill2024-02-2907415139core:IntangibleAssetsOtherThanGoodwill2024-02-2907415139core:ListedExchangeTraded2024-02-2907415139core:UnlistedNon-exchangeTraded2024-02-2907415139core:LandBuildings2023-02-2807415139core:PlantMachinery2023-02-2807415139core:Vehicles2023-02-2807415139core:FurnitureFittings2023-02-2807415139core:OfficeEquipment2023-02-2807415139core:NetGoodwill2023-02-2807415139core:IntangibleAssetsOtherThanGoodwill2023-02-2807415139core:ListedExchangeTraded2023-02-2807415139core:UnlistedNon-exchangeTraded2023-02-2807415139core:LandBuildings2023-03-012024-02-2907415139core:PlantMachinery2023-03-012024-02-2907415139core:Vehicles2023-03-012024-02-2907415139core:FurnitureFittings2023-03-012024-02-2907415139core:OfficeEquipment2023-03-012024-02-2907415139core:NetGoodwill2023-03-012024-02-2907415139core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2907415139core:ListedExchangeTraded2023-03-012024-02-2907415139core:UnlistedNon-exchangeTraded2023-03-012024-02-2907415139core:MoreThanFiveYears2023-03-012024-02-2907415139core:Non-currentFinancialInstruments2024-02-2907415139core:Non-currentFinancialInstruments2023-02-2807415139dpl:CostSales2023-03-012024-02-2907415139dpl:DistributionCosts2023-03-012024-02-2907415139core:LandBuildings2023-03-012024-02-2907415139core:PlantMachinery2023-03-012024-02-2907415139core:Vehicles2023-03-012024-02-2907415139core:FurnitureFittings2023-03-012024-02-2907415139core:OfficeEquipment2023-03-012024-02-2907415139dpl:AdministrativeExpenses2023-03-012024-02-2907415139core:NetGoodwill2023-03-012024-02-2907415139core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2907415139dpl:GroupUndertakings2023-03-012024-02-2907415139dpl:ParticipatingInterests2023-03-012024-02-2907415139dpl:GroupUndertakingscore:ListedExchangeTraded2023-03-012024-02-2907415139core:ListedExchangeTraded2023-03-012024-02-2907415139dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-03-012024-02-2907415139core:UnlistedNon-exchangeTraded2023-03-012024-02-2907415139dpl:CostSales2022-03-012023-02-2807415139dpl:DistributionCosts2022-03-012023-02-2807415139core:LandBuildings2022-03-012023-02-2807415139core:PlantMachinery2022-03-012023-02-2807415139core:Vehicles2022-03-012023-02-2807415139core:FurnitureFittings2022-03-012023-02-2807415139core:OfficeEquipment2022-03-012023-02-2807415139dpl:AdministrativeExpenses2022-03-012023-02-2807415139core:NetGoodwill2022-03-012023-02-2807415139core:IntangibleAssetsOtherThanGoodwill2022-03-012023-02-2807415139dpl:GroupUndertakings2022-03-012023-02-2807415139dpl:ParticipatingInterests2022-03-012023-02-2807415139dpl:GroupUndertakingscore:ListedExchangeTraded2022-03-012023-02-2807415139core:ListedExchangeTraded2022-03-012023-02-2807415139dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-03-012023-02-2807415139core:UnlistedNon-exchangeTraded2022-03-012023-02-2807415139core:NetGoodwill2024-02-2907415139core:IntangibleAssetsOtherThanGoodwill2024-02-2907415139core:LandBuildings2024-02-2907415139core:PlantMachinery2024-02-2907415139core:Vehicles2024-02-2907415139core:FurnitureFittings2024-02-2907415139core:OfficeEquipment2024-02-2907415139core:AfterOneYear2024-02-2907415139core:WithinOneYear2024-02-2907415139core:ListedExchangeTraded2024-02-2907415139core:UnlistedNon-exchangeTraded2024-02-2907415139core:ShareCapital2024-02-2907415139core:SharePremium2024-02-2907415139core:RevaluationReserve2024-02-2907415139core:OtherReservesSubtotal2024-02-2907415139core:RetainedEarningsAccumulatedLosses2024-02-2907415139core:NetGoodwill2023-02-2807415139core:IntangibleAssetsOtherThanGoodwill2023-02-2807415139core:LandBuildings2023-02-2807415139core:PlantMachinery2023-02-2807415139core:Vehicles2023-02-2807415139core:FurnitureFittings2023-02-2807415139core:OfficeEquipment2023-02-2807415139core:AfterOneYear2023-02-2807415139core:WithinOneYear2023-02-2807415139core:ListedExchangeTraded2023-02-2807415139core:UnlistedNon-exchangeTraded2023-02-2807415139core:ShareCapital2023-02-2807415139core:SharePremium2023-02-2807415139core:RevaluationReserve2023-02-2807415139core:OtherReservesSubtotal2023-02-2807415139core:RetainedEarningsAccumulatedLosses2023-02-2807415139core:NetGoodwill2022-03-0107415139core:IntangibleAssetsOtherThanGoodwill2022-03-0107415139core:LandBuildings2022-03-0107415139core:PlantMachinery2022-03-0107415139core:Vehicles2022-03-0107415139core:FurnitureFittings2022-03-0107415139core:OfficeEquipment2022-03-0107415139core:AfterOneYear2022-03-0107415139core:WithinOneYear2022-03-0107415139core:ListedExchangeTraded2022-03-0107415139core:UnlistedNon-exchangeTraded2022-03-0107415139core:ShareCapital2022-03-0107415139core:SharePremium2022-03-0107415139core:RevaluationReserve2022-03-0107415139core:OtherReservesSubtotal2022-03-0107415139core:RetainedEarningsAccumulatedLosses2022-03-0107415139core:AfterOneYear2023-03-012024-02-2907415139core:WithinOneYear2023-03-012024-02-2907415139core:Non-currentFinancialInstrumentscore:CostValuation2023-03-012024-02-2907415139core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-03-012024-02-2907415139core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-03-012024-02-2907415139core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-03-012024-02-2907415139core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-03-012024-02-2907415139core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-03-012024-02-2907415139core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-03-012024-02-2907415139core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-03-012024-02-2907415139core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-03-012024-02-2907415139core:Non-currentFinancialInstrumentscore:CostValuation2024-02-2907415139core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-02-2907415139core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-02-2907415139core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-02-2907415139core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-02-2907415139core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-02-2907415139core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-02-2907415139core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-02-2907415139core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-02-2907415139core:Non-currentFinancialInstrumentscore:CostValuation2023-02-2807415139core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-02-2807415139core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-02-2807415139core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-02-2807415139core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-02-2807415139core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-02-2807415139core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-02-2807415139core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-02-2807415139core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-02-2807415139bus:Director12023-03-012024-02-2907415139bus:Director22023-03-012024-02-2907415139core:FurnitureFittingsToolsEquipment2023-02-2807415139core:FurnitureFittingsToolsEquipment2023-03-012024-02-2907415139core:FurnitureFittingsToolsEquipment2024-02-29

EQUIPROFI LIMITED

Registered Number
07415139
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

EQUIPROFI LIMITED
Company Information
for the year from 1 March 2023 to 29 February 2024

Directors

DYSHAEV, Nikolai
DYSHAEV-JONES, Ksenia

Registered Address

The Oast East Malling Trust Estate
East Malling
West Malling
ME19 6BJ

Registered Number

07415139 (England and Wales)
EQUIPROFI LIMITED
Statement of Financial Position
29 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets32,985,5113,018,416
Investment property4472,740472,740
3,458,2513,491,156
Current assets
Debtors5-41,330
Cash at bank and on hand629,97520,133
629,97561,463
Creditors amounts falling due within one year6(216,889)(156,799)
Net current assets (liabilities)413,086(95,336)
Total assets less current liabilities3,871,3373,395,820
Creditors amounts falling due after one year7(10,804,152)(9,536,877)
Net assets(6,932,815)(6,141,057)
Capital and reserves
Called up share capital100100
Profit and loss account(6,932,915)(6,141,157)
Shareholders' funds(6,932,815)(6,141,057)
The financial statements were approved and authorised for issue by the Board of Directors on 29 November 2024, and are signed on its behalf by:
DYSHAEV-JONES, Ksenia
Director
Registered Company No. 07415139
EQUIPROFI LIMITED
Notes to the Financial Statements
for the year ended 29 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Defined contribution pension plan
The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.
Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
Finance costs
Finance costs charged to the profit or loss include interest expense calculated using the effective interest method from FRS 102:11, finance charges on finance leases, and exchange differences on foreign currency borrowings where these are treated as an adjustment to interest costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows: Freehold Property - 2% straight line on the cost of the building Plant and Machinery - 20% reducing balance Motor Vehicles - 20% reducing balance Fixtures and Fittings - 20% reducing balance Computer Equipment - 20% reducing balance Improvement to building & yard - 5% straight line
Investment property
The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.
2.Average number of employees

20242023
Average number of employees during the year811
3.Tangible fixed assets

Land & buildings

Plant & machinery

Vehicles

Fixtures & fittings

Office Equipment

Total

££££££
Cost or valuation
At 01 March 232,973,797110,40867,47944,278445,6613,641,623
Additions-3,4985,8001,23112,81823,347
At 29 February 242,973,797113,90673,27945,509458,4793,664,970
Depreciation and impairment
At 01 March 23226,43098,10637,29238,956222,423623,207
Charge for year22,0163,0757,5471,33122,28356,252
At 29 February 24248,446101,18144,83940,287244,706679,459
Net book value
At 29 February 242,725,35112,72528,4405,222213,7732,985,511
At 28 February 232,747,36712,30230,1875,322223,2383,018,416
Included in Land and Buildings is freehold land at a cost of £1,873,000 which is not depreciated.
4.Investment property
In 2020 Property, Plant and Equipment (PPE) that no longer met the definition of PPE was reclassified to investment property at net book value. The net book value of the investment property is treated as the fair value. The directors believe the cost of undertaking a professional valuationexercise would cause undue cost and effort and therefore have decided to retain the net book value as deemed cost and to not undertake a valuation, however it is their informalview that the market value of the property is unlikely to be materially different from the net book value. No depreciation is provided.

£
Fair value at 01 March 23472,740
At 29 February 24472,740
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables-41,330
Total-41,330
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables77,21729,523
Bank borrowings and overdrafts10,23714,734
Taxation and social security43,32962,695
Finance lease and HP contracts8,1358,135
Other creditors64,38528,127
Accrued liabilities and deferred income13,58613,585
Total216,889156,799
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts4,222,7183,493,135
Other creditors6,581,4346,043,742
Total10,804,1529,536,877
8.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts2,6562,656
9.Share capital
Allotted, called up and fully paid 100 (2023 - 100) Ordinary shares of £1.00 each
10.Controlling party
Equiprofi Limited is controlled by its directors Nikolai Dyshaev and Ksenia Dyshaev-Jones, by virtue of them owning 50% of the issue share capital.