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Registration number: 05574051

Equilux Ltd

Financial Statements

for the Period from 1 July 2023 to 30 April 2024

Brebners
Chartered Accountants & Statutory Auditor
130 Shaftesbury Avenue
London
W1D 5AR

 

Equilux Ltd

Contents

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3 to 6

 

Equilux Ltd

Company Information

Director

B J Danielson

Registered office

Worthy House
14 Winchester Road
Basingstoke
Hampshire
RG21 8UQ

Auditor

Brebners
Chartered Accountants & Statutory Auditor
130 Shaftesbury Avenue
London
W1D 5AR

 

Equilux Ltd

Statement of Financial Position as at 30 April 2024

Note

2024
£

2023
£

Current assets

 

Debtors

6

30,142

706,097

Cash at bank and in hand

 

5,831

8,098

 

35,973

714,195

Creditors: Amounts falling due within one year

7

(35,973)

(1,220,320)

Net liabilities

 

-

(506,125)

Capital and reserves

 

Called up share capital

1

1

Retained earnings

(1)

(506,126)

Shareholders' deficit

 

-

(506,125)

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with FRS 102 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Statement of Income and Retained Earnings has been taken.

Approved and authorised by the director on 12 January 2025
 

.........................................

B J Danielson

Director

Company registration number: 05574051

 

Equilux Ltd

Notes to the Financial Statements for the Period from 1 July 2023 to 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Worthy House
14 Winchester Road
Basingstoke
Hampshire
RG21 8UQ
United Kingdom

The principal activity of the company is as a general mechanical and electrical services contractor.

2

Audit Report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 12 January 2025 was Darren Bond, who signed for and on behalf of Brebners.

3

Accounting policies

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland' and Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

The company made a profit after tax for the period ended 30 April 2024 and had no net assets at 30 April 2024. The profit generated was a result of Group loan waivers provided to Equilux at 30 April 2024.

The director has considered the impact of the ongoing economic uncertainty in the United Kingdom and the director's view is that the impact is manageable. The company has continued to trade profitably since the period end and has seen continued success following the restructure of its operations to ensure more efficiencies within the business. The company was, however, sold by it's former immediate parent, Centura Holdings Limited, and will therefore no longer be provided with financial support from the group.

The director has considered the cashflow requirements of the company forecasts for the next 12 months, which demonstrates that the company has sufficient working capital for a period exceeding 12 months from the approval of the financial statements.

On the basis of the above, and after making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

 

Equilux Ltd

Notes to the Financial Statements for the Period from 1 July 2023 to 30 April 2024

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods or provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the company and specific criteria have been met for each of the company’s activities.

Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Tax

The tax expense for the period comprises the aggregate of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% straight line

Motor cars

25%-33% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Equilux Ltd

Notes to the Financial Statements for the Period from 1 July 2023 to 30 April 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

4

Staff numbers

The average number of persons employed by the company during the period, was 6 (2023 - 9).

5

Tangible assets

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 July 2023

1,181

11,004

12,185

At 30 April 2024

1,181

11,004

12,185

Depreciation

At 1 July 2023

1,181

11,004

12,185

At 30 April 2024

1,181

11,004

12,185

Carrying amount

At 30 April 2024

-

-

-

At 30 June 2023

-

-

-

6

Debtors

Note

2024
£

2023
£

Trade debtors

 

21,370

229,793

Amounts owed by group undertakings

8

1,058

285,987

Other debtors

 

7,714

190,317

 

30,142

706,097

 

Equilux Ltd

Notes to the Financial Statements for the Period from 1 July 2023 to 30 April 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

-

173,647

Amounts owed to group undertakings

-

687,946

Taxation and social security

-

11,851

Other creditors

35,973

346,876

35,973

1,220,320

8

Related party transactions

Summary of transactions with parent and fellow subsidiaries

In accordance with FRS 102 paragraph 33.1A, exemption is taken to disclose transactions in the year between wholly owned group undertakings.
 

9

Parent and ultimate parent undertaking

The company's immediate parent was formerly Centura Holdings Limited, incorporated in England and Wales.

 The ultimate parent was formerly Centura Group Limited incorporated in England and Wales.

On 30 April 2024 the immediate parent, Centura Holdings Limited, sold Equilux Limited for a consideration of £1.