Company Registration No. 13489406 (England and Wales)
Equalize Construction Ltd
Unaudited accounts
for the year ended 31 July 2024
Equalize Construction Ltd
Company Information
for the year ended 31 July 2024
Directors
Craig Amos
Jade Amos
Company Number
13489406 (England and Wales)
Registered Office
80 Betsham Road
Maidstone
ME15 8TX
England
Equalize Construction Ltd
Statement of financial position
as at 31 July 2024
Tangible assets
1,313
2,153
Cash at bank and in hand
1,975
556
Creditors: amounts falling due within one year
(9,001)
(3,200)
Net current liabilities
(3,244)
(2,039)
Net (liabilities)/assets
(1,931)
114
Called up share capital
2
2
Profit and loss account
(1,933)
112
Shareholders' funds
(1,931)
114
For the year ending 31 July 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 directors acknowledge their 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 of Directors and authorised for issue on 28 April 2025 and were signed on its behalf by
Craig Amos
Director
Company Registration No. 13489406
Equalize Construction Ltd
Notes to the Accounts
for the year ended 31 July 2024
Equalize Construction Ltd is a private company, limited by shares, registered in England and Wales, registration number 13489406. The registered office is 80 Betsham Road, Maidstone, ME15 8TX, 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 as modified by the revaluation of certain fixed assets.
The company has adopted the going concern basis of accounting in the preparation of these financial statements.
Revenue, described as turnover, is the value of goods provided to customers during the year, plus the value of work performed during the year with respect to services, net of VAT and discounts.
Revenue is recognised on the sale of goods when the goods are delivered and title has passed. Revenue is recognised on the provision of services on a percentage degree of completion basis calculated by reference to the time expended compared to the total anticipated time.
Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant & machinery
25% per annum straight line
Motor vehicles
25% per annum straight line
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight-line basis over the period of the lease.
Where assets are financed by leasing agreements that give rights approximating to ownership (finance leases) the assets are treated as if they had been purchased outright. The amount capitalised is the fair value of the asset concerned.
The corresponding liability to the leasing company is included as an obligation under finance leases. Depreciation is charged to the profit and loss account over the shorter of the lease term and their useful lives. Leasing payments are treated as consisting
of capital and interest elements, and interest is charged to the profit and loss account on a straight line basis which is considered to be a reasonable approximation to a constant rate of charge on the outstanding balance.
Equalize Construction Ltd
Notes to the Accounts
for the year ended 31 July 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 August 2023
1,261
2,100
3,361
At 31 July 2024
1,261
2,100
3,361
At 1 August 2023
377
831
1,208
Charge for the year
315
525
840
At 31 July 2024
692
1,356
2,048
At 31 July 2024
569
744
1,313
At 31 July 2023
884
1,269
2,153
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
419
419
Loans from directors
5,512
-
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).