| REGISTERED NUMBER: |
| Financial Statements for the Period 1 April 2024 to 31 December 2024 |
| for |
| EXQUIP INTERNATIONAL LIMITED |
| REGISTERED NUMBER: |
| Financial Statements for the Period 1 April 2024 to 31 December 2024 |
| for |
| EXQUIP INTERNATIONAL LIMITED |
| EXQUIP INTERNATIONAL LIMITED (REGISTERED NUMBER: SC173878) |
| Contents of the Financial Statements |
| for the Period 1 April 2024 to 31 December 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| EXQUIP INTERNATIONAL LIMITED |
| Company Information |
| for the Period 1 April 2024 to 31 December 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| 12 Traill Drive |
| Montrose |
| Angus |
| DD10 8SW |
| EXQUIP INTERNATIONAL LIMITED (REGISTERED NUMBER: SC173878) |
| Balance Sheet |
| 31 December 2024 |
| 2024 | 2024 |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Investments | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Capital redemption reserve |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| EXQUIP INTERNATIONAL LIMITED (REGISTERED NUMBER: SC173878) |
| Balance Sheet - continued |
| 31 December 2024 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| EXQUIP INTERNATIONAL LIMITED (REGISTERED NUMBER: SC173878) |
| Notes to the Financial Statements |
| for the Period 1 April 2024 to 31 December 2024 |
| 1. | STATUTORY INFORMATION |
| Exquip International Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Taxation |
| Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference. |
| 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. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| EXQUIP INTERNATIONAL LIMITED (REGISTERED NUMBER: SC173878) |
| Notes to the Financial Statements - continued |
| for the Period 1 April 2024 to 31 December 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant and | and | Motor | Computer |
| machinery | fittings | vehicles | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 April 2024 |
| and 31 December 2024 |
| DEPRECIATION |
| At 1 April 2024 |
| Charge for period |
| At 31 December 2024 |
| NET BOOK VALUE |
| At 31 December 2024 |
| At 31 March 2024 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2024 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CURRENT ASSET INVESTMENTS |
| 2024 | 2024 |
| £ | £ |
| Unlisted investments | 456,610 | - |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2024 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| EXQUIP INTERNATIONAL LIMITED (REGISTERED NUMBER: SC173878) |
| Notes to the Financial Statements - continued |
| for the Period 1 April 2024 to 31 December 2024 |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2024 | 2024 |
| £ | £ |
| Other creditors |
| 9. | RELATED PARTY DISCLOSURES |
| The company was under the control of the directors, J Kroll and T Kroll throughout the current period and P Kroll, throughout the previous year. P Kroll resigned 11 October 2024. |
| During the current period the company bought goods from Exquip Germany GmbH totalling £33,761. |
| As at 31 December 2024 included within trade debtors is a balance outstanding due to the company from Exquip Germany GmbH totalling £11,000. |
| As at 31 December 2024 included within trade creditors is a balance payable by the company to Exquip Germany GmbH totalling £28,495. |
| During the year the company did not sell any goods to Exquip USA LLC nor did it purchase any goods. |
| As at 31 December 2024 included within trade debtors is an overpayment from Exquip USA LLC totalling £4,238. |
| During the year, the company purchased 45% of the share capital of Norkram Limited. This is included as an unlisted investment. This was financed by a loan from Exquip Germany GmbH, which is included in other creditor due more than one year. The loan will incur interest at the rate of 1% from 1st January 2025. |