2 false false false false false false false false false false true false false false false false false No description of principal activity 2023-05-09 Sage Accounts Production Advanced 2023 - FRS102_2023 15,492 15,492 988 988 14,504 xbrli:pure xbrli:shares iso4217:GBP 14855775 2023-05-09 2024-10-31 14855775 2024-10-31 14855775 2023-05-08 14855775 core:PatentsTrademarksLicencesConcessionsSimilar 2023-05-09 2024-10-31 14855775 bus:OrdinaryShareClass1 2023-05-09 2024-10-31 14855775 bus:Director1 2023-05-09 2024-10-31 14855775 bus:Director2 2023-05-09 2024-10-31 14855775 core:WithinOneYear 2024-10-31 14855775 core:PatentsTrademarksLicencesConcessionsSimilar 2024-10-31 14855775 core:PlantMachinery 2024-10-31 14855775 core:PlantMachinery 2023-05-09 2024-10-31 14855775 core:ShareCapital 2024-10-31 14855775 core:SharePremium 2024-10-31 14855775 core:RetainedEarningsAccumulatedLosses 2024-10-31 14855775 bus:SmallEntities 2023-05-09 2024-10-31 14855775 bus:AuditExemptWithAccountantsReport 2023-05-09 2024-10-31 14855775 bus:SmallCompaniesRegimeForAccounts 2023-05-09 2024-10-31 14855775 bus:PrivateLimitedCompanyLtd 2023-05-09 2024-10-31 14855775 bus:FullAccounts 2023-05-09 2024-10-31 14855775 bus:OrdinaryShareClass1 2024-10-31
COMPANY REGISTRATION NUMBER: 14855775
Equipement De Vie Ltd
Filleted Unaudited Financial Statements
31 October 2024
Equipement De Vie Ltd
Statement of Financial Position
31 October 2024
31 Oct 24
Note
£
£
Fixed assets
Intangible assets
5
14,504
Tangible assets
6
31,606
--------
46,110
Current assets
Stocks
107,905
Debtors
7
106,259
Cash at bank and in hand
138,488
---------
352,652
Creditors: amounts falling due within one year
8
60,704
---------
Net current assets
291,948
---------
Total assets less current liabilities
338,058
---------
Net assets
338,058
---------
Capital and reserves
Called up share capital
9
96
Share premium account
699,972
Profit and loss account
( 362,010)
---------
Shareholders funds
338,058
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Equipement De Vie Ltd
Statement of Financial Position (continued)
31 October 2024
These financial statements were approved by the board of directors and authorised for issue on 8 May 2025 , and are signed on behalf of the board by:
Mr J P Barshall
Mr C Ingle Finch
Director
Director
Company registration number: 14855775
Equipement De Vie Ltd
Notes to the Financial Statements
Period from 9 May 2023 to 31 October 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 47/48 Piccadilly, London, Greater London, W1J 0DT, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Patents, trademarks and licences
-
10% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
15% - 25% Straight line
Equipment
-
3 - 5 years Straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 2 .
5. Intangible assets
Patents, trademarks and licences
£
Cost
Additions
15,492
--------
At 31 October 2024
15,492
--------
Amortisation
Charge for the period
988
--------
At 31 October 2024
988
--------
Carrying amount
At 31 October 2024
14,504
--------
6. Tangible assets
Plant and machinery
Equipment
Total
£
£
£
Cost
At 9 May 2023
Additions
37,503
384
37,887
--------
----
--------
At 31 October 2024
37,503
384
37,887
--------
----
--------
Depreciation
At 9 May 2023
Charge for the period
6,185
96
6,281
--------
----
--------
At 31 October 2024
6,185
96
6,281
--------
----
--------
Carrying amount
At 31 October 2024
31,318
288
31,606
--------
----
--------
7. Debtors
31 Oct 24
£
Trade debtors
4,851
Amounts owed by group undertakings and undertakings in which the company has a participating interest
100,000
Other debtors
1,408
---------
106,259
---------
8. Creditors: amounts falling due within one year
31 Oct 24
£
Trade creditors
4,377
Amounts owed to undertakings in which the company has a participating interest
40,329
Accruals and deferred income
13,495
Social security and other taxes
2,503
--------
60,704
--------
9. Called up share capital
Issued, called up and fully paid
31 Oct 24
No.
£
Ordinary shares of £ 0.001 each
95,500
96
--------
----
10. Related party transactions
During the period the company entered into the following transactions with related parties:
Transaction value
Balance owed by/(owed to)
31 Oct 24
31 Oct 24
£
£
Amounts owed by participating interests
100,000
Amounts owed to other related parties
( 40,329)
----
---------
There was no interest charged on these loans.