Equitylink Limited |
Notes to the Accounts |
for the year ended 31 December 2024 |
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1 |
Accounting policies |
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Statutory Information |
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Equitylink 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. |
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Basis of preparation |
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These Financial Statements have been prepared under the historical cost convention and in accordance with the provisions of Section 1A 'Small Entities' of Financial Reporting Standard 102 (FRS 102), "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The presentation currency is £ sterling. |
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Turnover |
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Turnover represents subscriptions receivable for the year net of VAT. |
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Tangible fixed assets |
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Depreciation has been provided at the following annual rate in order to write off the assets over their estimated useful life. |
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Furniture and fittings |
25% on writing down value |
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Taxation |
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Taxation for the year comprises current 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 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. |
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2 |
Employees |
2024 |
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2023 |
Number |
Number |
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Average number of persons employed by the company |
7 |
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7 |
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3 |
Tangible fixed assets |
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Furniture and Fittings |
£ |
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Cost |
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At 1 January 2024 |
429,938 |
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Additions |
23,295 |
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Disposals |
(304,499) |
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At 31 December 2024 |
148,734 |
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Depreciation |
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At 1 January 2024 |
351,926 |
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Charge for the year |
21,932 |
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On disposals |
(290,919) |
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At 31 December 2024 |
82,939 |
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Net book value |
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At 31 December 2024 |
65,795 |
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At 31 December 2023 |
78,012 |
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4 |
Debtors |
2024 |
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2023 |
£ |
£ |
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Prepayments |
986 |
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934 |
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Other debtors |
3,220 |
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5,082 |
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4,206 |
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6,016 |
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5 |
Creditors: amounts falling due within one year |
2024 |
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2023 |
£ |
£ |
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Bank loans and overdrafts |
33,502 |
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39,190 |
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Other creditors |
2,403 |
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3,321 |
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Corporation tax |
31,476 |
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33,217 |
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Other taxes and social security costs |
139 |
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- |
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Accruals |
29,240 |
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26,439 |
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96,760 |
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102,167 |
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