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REGISTERED NUMBER: 04420174 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

EQUIP (TAMWORTH) LIMITED

EQUIP (TAMWORTH) LIMITED (REGISTERED NUMBER: 04420174)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EQUIP (TAMWORTH) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: L M Smallwood





SECRETARY: L M Smallwood





REGISTERED OFFICE: 1-5 Trinity Road
Kingsbury Link
Tamworth
Staffordshire
B78 2EX





REGISTERED NUMBER: 04420174 (England and Wales)





ACCOUNTANTS: Prime
Chartered Accountants
5 Argosy Court
Scimitar Way
Whitley Business Park
Coventry
CV3 4GA

EQUIP (TAMWORTH) LIMITED (REGISTERED NUMBER: 04420174)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 - -
Tangible assets 4 76,199 103,004
76,199 103,004

CURRENT ASSETS
Stocks 25,000 48,000
Debtors 5 440,977 675,956
Cash at bank 1,109,424 609,585
1,575,401 1,333,541
CREDITORS
Amounts falling due within one year 6 315,500 434,187
NET CURRENT ASSETS 1,259,901 899,354
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,336,100

1,002,358

PROVISIONS FOR LIABILITIES 13,617 19,089
NET ASSETS 1,322,483 983,269

CAPITAL AND RESERVES
Called up share capital 14 14
Capital redemption reserve 86 86
Retained earnings 1,322,383 983,169
SHAREHOLDERS' FUNDS 1,322,483 983,269

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

EQUIP (TAMWORTH) LIMITED (REGISTERED NUMBER: 04420174)

BALANCE SHEET - continued
30 APRIL 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 director and authorised for issue on 28 January 2025 and were signed by:





L M Smallwood - Director


EQUIP (TAMWORTH) LIMITED (REGISTERED NUMBER: 04420174)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on cost
Plant and machinery - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 33.33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

EQUIP (TAMWORTH) LIMITED (REGISTERED NUMBER: 04420174)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 21 ) .

3. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 30,000
AMORTISATION
At 1 May 2023
and 30 April 2024 30,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

4. TANGIBLE FIXED ASSETS
Short Plant and Motor Computer
leasehold machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 47,264 768,043 62,485 4,413 882,205
Additions - - - 1,043 1,043
At 30 April 2024 47,264 768,043 62,485 5,456 883,248
DEPRECIATION
At 1 May 2023 41,204 718,679 15,403 3,915 779,201
Charge for year 1,212 10,519 15,621 496 27,848
At 30 April 2024 42,416 729,198 31,024 4,411 807,049
NET BOOK VALUE
At 30 April 2024 4,848 38,845 31,461 1,045 76,199
At 30 April 2023 6,060 49,364 47,082 498 103,004

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 418,406 661,757
Other debtors 22,571 14,199
440,977 675,956

EQUIP (TAMWORTH) LIMITED (REGISTERED NUMBER: 04420174)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 92,994 262,927
Taxation and social security 194,591 90,638
Other creditors 27,915 80,622
315,500 434,187