Company Registration No. 10204534 (England and Wales)
Equidem Research And Consulting Limited
Unaudited accounts
for the year ended 31 May 2024
Equidem Research And Consulting Limited
Unaudited accounts
Contents
Equidem Research And Consulting Limited
Company Information
for the year ended 31 May 2024
Director
Syed Mustafa Qadri
Company Number
10204534 (England and Wales)
Registered Office
71-75 Shelton Street
London
WC2H 9JQ
ENGLAND
Accountants
Taxacc Solutions Ltd
117A St. Johns Hill
Sevenoaks
Kent
TN13 3PE
Equidem Research And Consulting Limited
Statement of financial position
as at 31 May 2024
Tangible assets
1,282
2,471
Cash at bank and in hand
4,704
4,332
Creditors: amounts falling due within one year
(42,867)
(55,907)
Net current assets
11,052
28,235
Called up share capital
100
100
Profit and loss account
12,234
30,606
Shareholders' funds
12,334
30,706
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 April 2025 and were signed on its behalf by
Syed Mustafa Qadri
Director
Company Registration No. 10204534
Equidem Research And Consulting Limited
Notes to the Accounts
for the year ended 31 May 2024
Equidem Research And Consulting Limited is a private company, limited by shares, registered in England and Wales, registration number 10204534. The registered office is 71-75 Shelton Street, London, WC2H 9JQ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised as and when work is performed and invoiced under the contract.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
3 years
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Equidem Research And Consulting Limited
Notes to the Accounts
for the year ended 31 May 2024
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Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2023
823
9,084
9,907
At 31 May 2024
823
9,084
9,907
At 1 June 2023
102
7,334
7,436
Charge for the year
274
915
1,189
At 31 May 2024
376
8,249
8,625
At 31 May 2024
447
835
1,282
At 31 May 2023
721
1,750
2,471
Amounts falling due within one year
Trade debtors
3,965
48,617
Accrued income and prepayments
2,332
5,782
Other debtors
42,918
25,411
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
21,256
5,087
Trade creditors
3,639
31,761
Taxes and social security
12,908
12,419
Other creditors
4,701
3,102
Loans from directors
48
(13,252)
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Transactions with related parties
The amount owed to the related party is £48 (2023: Amount owed by related party £13,252).
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Average number of employees
During the year the average number of employees was 1 (2023: 1).