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Registration number: 04970229

Equimark Ltd

Unaudited Financial Statements

for the Year Ended 30 April 2024

 

Equimark Ltd

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 5

 

Equimark Ltd

(Registration number: 04970229)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

13,149

16,127

Current assets

 

Stocks

517,116

458,385

Debtors

5

4,822

1,082

Cash at bank and in hand

 

32,671

22,264

 

554,609

481,731

Creditors: Amounts falling due within one year

6

(176,118)

(145,139)

Net current assets

 

378,491

336,592

Total assets less current liabilities

 

391,640

352,719

Provisions for liabilities

(2,451)

(3,064)

Net assets

 

389,189

349,655

Capital and reserves

 

Called up share capital

100

100

Retained earnings

389,089

349,555

Shareholders' funds

 

389,189

349,655

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Equimark Ltd

(Registration number: 04970229)
Balance Sheet as at 30 April 2024

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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 31 January 2025
 

.........................................
Mr M J Bailey
Director

 

Equimark Ltd

Notes to the Unaudited Financial Statements for the Year Ended 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:
8 Newland Way
Stapeley
Nantwich
Cheshire
CW5 7JH

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities. Turnover is shown net of sales/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 entity;
and specific criteria have been met for each of the company's activities.

 

Equimark Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Tax

The tax expense for the period comprises current and deferred tax.

The current 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.

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.

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

Fixtures, fittings and computer equipment

straight line over 3 years

Motor vehicles

20% reducing balance

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Tangible assets

Fixtures, fittings and computer equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 May 2023

13,450

32,585

46,035

Additions

370

-

370

At 30 April 2024

13,820

32,585

46,405

Depreciation

At 1 May 2023

13,450

16,458

29,908

Charge for the year

123

3,225

3,348

At 30 April 2024

13,573

19,683

33,256

Carrying amount

At 30 April 2024

247

12,902

13,149

At 30 April 2023

-

16,127

16,127

 

Equimark Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

5

Debtors

2024
£

2023
£

Trade debtors

3,920

-

Other debtors

902

1,082

 

4,822

1,082

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Hire purchase

-

7,527

Taxation and social security

 

3,790

3,848

Other creditors

 

172,328

133,764

 

176,118

145,139