2024-01-052025-01-312025-01-31false15389608EQUALITY COLLABS 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EQUALITY COLLABS LTD

Registered Number
15389608
(England and Wales)

Unaudited Financial Statements for the Period ended
31 January 2025

EQUALITY COLLABS LTD
Company Information
for the period from 5 January 2024 to 31 January 2025

Director

MASKELL, Sophie

Registered Address

20 Wenlock Road
London
N1 7GU

Registered Number

15389608 (England and Wales)
EQUALITY COLLABS LTD
Balance Sheet as at
31 January 2025

Notes

2025

£

£

Fixed assets
Intangible assets35,400
Tangible assets41,519
6,919
Current assets
Debtors512,261
Cash at bank and on hand19,800
32,061
Creditors amounts falling due within one year6(38,591)
Net current assets (liabilities)(6,530)
Total assets less current liabilities389
Provisions for liabilities7(289)
Net assets100
Capital and reserves
Called up share capital1
Profit and loss account99
Shareholders' funds100
The financial statements were approved and authorised for issue by the Director on 8 April 2025, and are signed on its behalf by:
MASKELL, Sophie
Director
Registered Company No. 15389608
EQUALITY COLLABS LTD
Notes to the Financial Statements
for the period ended 31 January 2025

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Interest income
Interest income is recognised using the effective interest rate method.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Goodwill
Goodwill arising on an acquisition of a business is carried at cost less accumulated impairment losses, if any. Goodwill is amortised over its expected useful life which is estimated to be ten years. Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement. No reversals of impairment are recognised.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)Straight line (years)
Fixtures and fittings25-
Office Equipment-3
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.Average number of employees

2025
Average number of employees during the year2
3.Intangible assets

Goodwill

Total

££
Cost or valuation
Additions6,0006,000
At 31 January 256,0006,000
Amortisation and impairment
Charge for year600600
At 31 January 25600600
Net book value
At 31 January 255,4005,400
At 04 January 24--
4.Tangible fixed assets

Fixtures & fittings

Office Equipment

Total

£££
Cost or valuation
Additions8321,3362,168
At 31 January 258321,3362,168
Depreciation and impairment
Charge for year208441649
At 31 January 25208441649
Net book value
At 31 January 256248951,519
At 04 January 24---
5.Debtors: amounts due within one year

2025

£
Trade debtors / trade receivables12,000
Other debtors261
Total12,261
6.Creditors: amounts due within one year

2025

£
Amounts owed to related parties22,486
Taxation and social security16,105
Total38,591
7.Provisions for liabilities

2025

£
Net deferred tax liability (asset)289
Total289
8.Related party transactions
During the year interest free loans were made available to the business by directors of £22,486.