Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-319falsefalse2023-04-01No description of principal activityfalse7trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03278930 2023-04-01 2024-03-31 03278930 2022-04-01 2023-03-31 03278930 2024-03-31 03278930 2023-03-31 03278930 c:Director1 2023-04-01 2024-03-31 03278930 d:MotorVehicles 2023-04-01 2024-03-31 03278930 d:MotorVehicles 2024-03-31 03278930 d:MotorVehicles 2023-03-31 03278930 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03278930 d:FurnitureFittings 2023-04-01 2024-03-31 03278930 d:FurnitureFittings 2024-03-31 03278930 d:FurnitureFittings 2023-03-31 03278930 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03278930 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03278930 d:CurrentFinancialInstruments 2024-03-31 03278930 d:CurrentFinancialInstruments 2023-03-31 03278930 d:Non-currentFinancialInstruments 2024-03-31 03278930 d:Non-currentFinancialInstruments 2023-03-31 03278930 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 03278930 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 03278930 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 03278930 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 03278930 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 03278930 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 03278930 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 03278930 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 03278930 d:ShareCapital 2024-03-31 03278930 d:ShareCapital 2023-03-31 03278930 d:RetainedEarningsAccumulatedLosses 2024-03-31 03278930 d:RetainedEarningsAccumulatedLosses 2023-03-31 03278930 c:FRS102 2023-04-01 2024-03-31 03278930 c:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 03278930 c:FullAccounts 2023-04-01 2024-03-31 03278930 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03278930 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 03278930









EQUINOX FLOORING SOLUTIONS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
EQUINOX FLOORING SOLUTIONS LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF EQUINOX FLOORING SOLUTIONS LIMITED
FOR THE YEAR ENDED 31 MARCH 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Equinox Flooring Solutions Limited for the year ended 31 March 2024 which comprise the balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of Equinox Flooring Solutions Limited in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Equinox Flooring Solutions Limited and state those matters that we have agreed to state to the director of Equinox Flooring Solutions Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Equinox Flooring Solutions Limited and its director for our work or for this report. 

It is your duty to ensure that Equinox Flooring Solutions Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Equinox Flooring Solutions Limited. You consider that Equinox Flooring Solutions Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Equinox Flooring Solutions Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Nyman Libson Paul LLP
 
Chartered Accountants
  
Regina House
124 Finchley Road
London
NW3 5JS
20 March 2025
Page 1

 
EQUINOX FLOORING SOLUTIONS LIMITED
REGISTERED NUMBER: 03278930

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,524
6,407

  
1,524
6,407

Current assets
  

Stocks
 5 
49,338
71,540

Debtors: amounts falling due within one year
 6 
88,361
116,056

Cash at bank and in hand
  
230,169
277,459

  
367,868
465,055

Creditors: amounts falling due within one year
 7 
(374,084)
(426,938)

Net current (liabilities)/assets
  
 
 
(6,216)
 
 
38,117

Total assets less current liabilities
  
(4,692)
44,524

Creditors: amounts falling due after more than one year
 8 
(12,407)
(21,667)

  

Net (liabilities)/assets
  
(17,099)
22,857


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
(17,101)
22,855

  
(17,099)
22,857


The director considers 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 director acknowledges his 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 on 20 March 2025.


Page 2

 
EQUINOX FLOORING SOLUTIONS LIMITED
REGISTERED NUMBER: 03278930
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

T Ellis
Director

The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
EQUINOX FLOORING SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Equinox Flooring Solutions Limited is a private company limited by shares and registered in England & Wales. The address of its registered office is 124 Finchley Road, London, England, NW3 5JS . The address of its trading office is 4 Warrenwood Indutrial Estate, Stapleford, Hertford, Hertfordshire, SG14 3NU.

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 company meets its day to day working capital requirements through its own resources and a director loan who has provided funds to meet the day to day operation of the company.
The director has prepared forecasts and cash flow projections based on a number of potential scenarios. These, together with the reserves and cash held, indicate that the company has adequate resources to continue in operational existence for the foreseeable future. It is, however, difficult to determine the assumptions that will prove to be the most appropriate therefore there is an element of uncertainty existing.
After reviewing the forecasts and projections, at the time of approving these financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the next twelve months. The director therefore considers it appropriate to continue to adopt the going concern basis in preparing the company's financial statements.

 
2.3

Revenue

Revenue comprises of fees charged for the supply of flooring services and is recognised in the statement of income and retained earnings in the period in which the services are provided.

 
2.4

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.

Page 4

 
EQUINOX FLOORING SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

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:

Motor vehicles
-
25%
straight-line
Fixtures & fittings
-
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.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

 
2.6

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.8

Creditors

Short term creditors are measured at the transaction price.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.10

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 balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 5

 
EQUINOX FLOORING SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.11

Taxation

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 balance sheet date in the countries where the Company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 7 (2023 - 9).


4.


Tangible fixed assets





Motor vehicles
Fixtures & fittings
Total

£
£
£



Cost or valuation


At 1 April 2023
26,956
7,712
34,668



At 31 March 2024

26,956
7,712
34,668



Depreciation


At 1 April 2023
23,516
4,745
28,261


Charge for the year on owned assets
3,440
1,443
4,883



At 31 March 2024

26,956
6,188
33,144



Net book value



At 31 March 2024
-
1,524
1,524



At 31 March 2023
3,440
2,967
6,407

Page 6

 
EQUINOX FLOORING SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Stocks

2024
2023
£
£

Finished goods and goods for resale
49,338
71,540

49,338
71,540



6.


Debtors

2024
2023
£
£


Trade debtors
74,403
80,185

Other debtors
13,958
35,871

88,361
116,056



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,000
10,000

Trade creditors
214,284
252,218

Corporation tax
51,715
53,632

Other taxation and social security
-
5,003

Other creditors
92,085
102,585

Accruals and deferred income
6,000
3,500

374,084
426,938



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
12,407
21,667

12,407
21,667


Page 7

 
EQUINOX FLOORING SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,000
10,000


10,000
10,000

Amounts falling due 1-2 years

Bank loans
10,000
10,000


10,000
10,000

Amounts falling due 2-5 years

Bank loans
2,407
11,667


2,407
11,667


22,407
31,667



10.


Pension commitments

The company has paid £49,594 (2023: £49,298) into the director's and employees' personal pension plans during the year. The costs are charged to the profit and loss account as incurred.


11.


Related party transactions

At the reporting date, the company owed £92,085 (2023: £102,585) to Mr T Ellis, a director of the company. The loan is interest free, unsecured and repayable on demand.

 
Page 8