Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-312023-08-01falseNo description of principal activity65falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02756191 2023-08-01 2024-07-31 02756191 2022-08-01 2023-07-31 02756191 2024-07-31 02756191 2023-07-31 02756191 c:Director1 2023-08-01 2024-07-31 02756191 c:Director2 2023-08-01 2024-07-31 02756191 c:RegisteredOffice 2023-08-01 2024-07-31 02756191 d:FurnitureFittings 2023-08-01 2024-07-31 02756191 d:FurnitureFittings 2024-07-31 02756191 d:FurnitureFittings 2023-07-31 02756191 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 02756191 d:ComputerEquipment 2023-08-01 2024-07-31 02756191 d:ComputerEquipment 2024-07-31 02756191 d:ComputerEquipment 2023-07-31 02756191 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 02756191 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 02756191 d:CurrentFinancialInstruments 2024-07-31 02756191 d:CurrentFinancialInstruments 2023-07-31 02756191 d:Non-currentFinancialInstruments 2024-07-31 02756191 d:Non-currentFinancialInstruments 2023-07-31 02756191 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 02756191 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 02756191 d:Non-currentFinancialInstruments d:AfterOneYear 2024-07-31 02756191 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 02756191 d:ShareCapital 2024-07-31 02756191 d:ShareCapital 2023-07-31 02756191 d:RetainedEarningsAccumulatedLosses 2024-07-31 02756191 d:RetainedEarningsAccumulatedLosses 2023-07-31 02756191 c:FRS102 2023-08-01 2024-07-31 02756191 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 02756191 c:FullAccounts 2023-08-01 2024-07-31 02756191 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 02756191 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure
Company registration number: 02756191







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 JULY 2024


E.Q.V. (UK) LIMITED






































img57e2.png                        

 


E.Q.V. (UK) LIMITED
 


 
COMPANY INFORMATION


Directors
N Cooper 
L Jamieson Miller 




Registered number
02756191



Registered office
20 - 22 Wenlock Road

London

N1 7GU




Trading Address
Dock 116
75 Exploration Drive

Pioneer Park

Leicester

LE4 5NU






Accountants
Menzies LLP
Chartered Accountants

Magna House

18-32 London Road

Staines-Upon-Thames

TW18 4BP





 


E.Q.V. (UK) LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 7


 


E.Q.V. (UK) LIMITED
REGISTERED NUMBER:02756191



STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,525
3,988

  
2,525
3,988

Current assets
  

Stocks
  
-
25,020

Debtors: amounts falling due within one year
 5 
125,901
159,814

Cash at bank and in hand
  
152,833
19,511

  
278,734
204,345

Creditors: amounts falling due within one year
 6 
(147,381)
(83,260)

Net current assets
  
 
 
131,353
 
 
121,085

Total assets less current liabilities
  
133,878
125,073

Creditors: amounts falling due after more than one year
 7 
(8,333)
(18,333)

Provisions for liabilities
  

Deferred tax
  
(631)
(997)

  
 
 
(631)
 
 
(997)

Net assets
  
124,914
105,743


Capital and reserves
  

Called up share capital 
  
110
110

Profit and loss account
  
124,804
105,633

  
124,914
105,743


Page 1

 


E.Q.V. (UK) LIMITED
REGISTERED NUMBER:02756191


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 2024

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the Year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




N Cooper
Director

Date: 23 January 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 


E.Q.V. (UK) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

EQV (UK) 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.
The presentation currency of the financial statements is the Pound Sterling (£).

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis. There are no significant judgements or estimates that have been used in assessing  whether the going concer basis is appropriate.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

Turnover on traing courses is recognied at point income becomes is non refundable and not at the point the training courses are due to be occur, this is on the basis that all bookings are non cacellable and not liable to refund in the event cancellation occurs.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 


E.Q.V. (UK) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the Year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also 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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
10%
straight line
Computer equipment
-
25%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 4

 


E.Q.V. (UK) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.8

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the Year was 6 (2023 - 5)

Page 5

 


E.Q.V. (UK) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 August 2023
1,503
14,415
15,918



At 31 July 2024

1,503
14,415
15,918



Depreciation


At 1 August 2023
1,503
10,427
11,930


Charge for the Year on owned assets
-
1,463
1,463



At 31 July 2024

1,503
11,890
13,393



Net book value



At 31 July 2024
-
2,525
2,525



At 31 July 2023
-
3,988
3,988


5.


Debtors

2024
2023
£
£


Trade debtors
92,145
94,658

Prepayments and accrued income
33,756
54,830

Tax recoverable
-
10,326

125,901
159,814


Page 6

 


E.Q.V. (UK) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,000
10,000

Trade creditors
30,556
16,932

Corporation tax
5,299
3,227

Other taxation and social security
42,326
39,078

Other creditors
-
3,173

Accruals and deferred income
59,200
10,850

147,381
83,260



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
8,333
18,333

8,333
18,333


The loan amount of £18,333 (2023 : £28,333) included within creditors, is guaranteed under the Bounce Back Loan Scheme (BBLS) by the UK Government.

 
Page 7