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Registered number: NI688695










EquipmentShare UK Limited










Financial statements

Information for filing with the registrar

For the Period Ended 31 December 2024

 
EquipmentShare UK Limited
Registered number: NI688695

Balance Sheet
As at 31 December 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
60,330
28,790

  
60,330
28,790

Current assets
  

Debtors: amounts falling due within one year
 5 
408,054
185,244

Cash at bank and in hand
 6 
232,442
176,626

  
640,496
361,870

Creditors: amounts falling due within one year
 7 
(240,035)
(167,901)

Net current assets
  
 
 
400,461
 
 
193,969

Total assets less current liabilities
  
460,791
222,759

  

Net assets
  
460,791
222,759


Capital and reserves
  

Called up share capital 
 9 
1
1

Profit and loss account
  
460,790
222,758

  
460,791
222,759


The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 June 2025.




Jabbok Schlacks
William Schlacks
Director
Director

The notes on pages 2 to 8 form part of these financial statements.
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Page 1

 
EquipmentShare UK Limited
 

 
Notes to the Financial Statements
For the Period Ended 31 December 2024

1.


General information

EquipmentShare UK Ltd. is a wholly owned subsidiary of EquipmentShare.com, Inc. a United States corporation.  The Belfast, Northern Ireland (United Kingdom) office was established in June 2022. The purpose of this UK entity is product engineering, including software engineering, product management, product design, and user experience.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company is dependent upon continued support from the parent company, Equipmentshare.com, Inc. who have provided written confirmation of their willingness to provide continued financial support to the company for the foreseeable future, defined as at least 12 months from the date of signing the Equipmentshare UK Limited statements for the year ended 31 December 2024.
Equipmentshare.com, Inc. has prepared group forecasts covering a period of at least 12 months from the date of approval of these financial statements. These forecasts indicate that the group has sufficient funding and resources available to it to support Equipmentshare UK Ltd. 
Based on this support and forecasts, the directors consider it appropriate to prepare these financial statements on the going concern basis.

 
2.3

Turnover

Turnover shown in the statement of comprehensive income represents amounts receivable from its
immediate parent company, Equipmentshare.com, Inc. during the period for the provision of sales and customer support, exclusive of VAT.
Turnover in respect of the provision of sales and customer support provided to Equipmentshare.com, Inc. is calculated as attributable cost plus a mark up, in accordance with an intercompany agreements between Equipmentshare Limited and Equipmentshare.com, Inc.

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Page 2

 
EquipmentShare UK Limited
 

 
Notes to the Financial Statements
For the Period Ended 31 December 2024

2.Accounting policies (continued)

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

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Page 3

 
EquipmentShare UK Limited
 

 
Notes to the Financial Statements
For the Period Ended 31 December 2024

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

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Page 4

 
EquipmentShare UK Limited
 

 
Notes to the Financial Statements
For the Period Ended 31 December 2024

3.


Employees

The average monthly number of employees, including the Directors, during the period was as follows:


        2024
        2023
            No.
            No.







Staff & directors
31
20


4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 January 2024
32,765


Additions
44,248



At 31 December 2024

77,013



Depreciation


At 1 January 2024
3,975


Charge for the period on owned assets
12,708



At 31 December 2024

16,683



Net book value



At 31 December 2024
60,330



At 31 December 2023
28,790

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Page 5

 
EquipmentShare UK Limited
 

 
Notes to the Financial Statements
For the Period Ended 31 December 2024

5.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
348,299
126,393

Other debtors
6,030
15,983

Prepayments and accrued income
52,777
39,020

Deferred taxation
948
3,848

408,054
185,244



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
232,442
176,626

232,442
176,626



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
53,643
20,868

Other taxation and social security
105,185
90,851

Other creditors
66,707
44,182

Accruals and deferred income
14,500
12,000

240,035
167,901


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Page 6

 
EquipmentShare UK Limited
 

 
Notes to the Financial Statements
For the Period Ended 31 December 2024

8.


Deferred taxation




2024
2023


£

£






At beginning of year
3,848
-


Charged to profit or loss
(2,900)
3,848



At end of year
948
3,848

The deferred tax asset is made up as follows:

2024
2023
£
£


Accelerated capital allowances
948
3,848

948
3,848


9.


Share capital

2024
2023
£
£
Authorised, allotted, called up and fully paid



1 (2023 - 1) Ordinary share of £1.00
1
1



10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £666,754 (2023: £436,598). Contributions totalling £64,123 were payable to the fund at the balance sheet date and are included in creditors.


11.


Controlling party

EquipmentShare.com, Inc. a company established in the USA, owns 100% of the Company's equity share capital and is the ultimate parent company.

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Page 7

 
EquipmentShare UK Limited
 

 
Notes to the Financial Statements
For the Period Ended 31 December 2024

12.


Auditors' information

The auditors' report on the financial statements for the period ended 31 December 2024 was unqualified.

The audit report was signed on 27 June 2025 by Adrian Patton (Senior Statutory Auditor) on behalf of Sumer AuditCo NI Limited.

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Page 8