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REGISTERED NUMBER: 08537406 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st May 2024

for

Equippd Limited

Equippd Limited (Registered number: 08537406)






Contents of the Financial Statements
for the Year Ended 31st May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Equippd Limited

Company Information
for the Year Ended 31st May 2024







DIRECTORS: Mr M Mccourt
Mr C Mccourt





REGISTERED OFFICE: 145b Walton Road
East Molesey
Surrey
KT8 0DU





REGISTERED NUMBER: 08537406 (England and Wales)





ACCOUNTANTS: Cloud Concepts Accounting Ltd
Station View House
41 Brunswick Road
Shoreham By Sea
West Sussex
BN43 5WA

Equippd Limited (Registered number: 08537406)

Balance Sheet
31st May 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 26,368 24,171

CURRENT ASSETS
Stocks 46,157 33,596
Debtors 5 185,530 177,124
Cash at bank 85,217 152,888
316,904 363,608
CREDITORS
Amounts falling due within one year 6 (297,559 ) (326,340 )
NET CURRENT ASSETS 19,345 37,268
TOTAL ASSETS LESS CURRENT
LIABILITIES

45,713

61,439

CREDITORS
Amounts falling due after more than one
year

7

(29,592

)

(38,759

)

PROVISIONS FOR LIABILITIES 8 (5,924 ) (5,808 )
NET ASSETS 10,197 16,872

CAPITAL AND RESERVES
Called up share capital 103 100
Retained earnings 10,094 16,772
SHAREHOLDERS' FUNDS 10,197 16,872

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

Equippd Limited (Registered number: 08537406)

Balance Sheet - continued
31st May 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 Income Statement has not been delivered.

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




Mr C Mccourt - Director



Mr M Mccourt - Director


Equippd Limited (Registered number: 08537406)

Notes to the Financial Statements
for the Year Ended 31st May 2024

1. STATUTORY INFORMATION

Equippd 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.

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 - 33% on cost and 25% on cost

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost
comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacementcost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocksover its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit orloss. Reversals of impairment losses are also recognised in profit or loss.

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.

Equippd Limited (Registered number: 08537406)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024

2. ACCOUNTING POLICIES - continued

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 11 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st June 2023 57,525
Additions 18,660
Disposals (9,695 )
At 31st May 2024 66,490
DEPRECIATION
At 1st June 2023 33,354
Charge for year 14,762
Eliminated on disposal (7,994 )
At 31st May 2024 40,122
NET BOOK VALUE
At 31st May 2024 26,368
At 31st May 2023 24,171

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 184,444 177,124
Other debtors 1,086 -
185,530 177,124

Equippd Limited (Registered number: 08537406)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,556 8,336
Hire purchase contracts 4,127 5,087
Trade creditors 45,564 92,874
Taxation and social security 46,808 24,926
Other creditors 195,504 195,117
297,559 326,340

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 29,592 34,719
Hire purchase contracts - 4,040
29,592 38,759

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 5,924 5,808

Deferred
tax
£   
Balance at 1st June 2023 5,808
Capital allowances in advance 116
of depreciation
Balance at 31st May 2024 5,924

9. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed £62,335 (2023 - £45,336) to the director, C McCourt. This
loan is interest free and repayable on demand.

At the balance sheet date the company owed £71,268 (2023 - £46,324) to the director, M McCourt. This
loan is interest free and repayable on demand.