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Registration number: SC824425

EQ Talent Ltd

Unaudited Filleted Financial Statements

for the Period from 1 October 2024 to 31 March 2025

 

EQ Talent Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

Accountants' Report

7

 

EQ Talent Ltd

Company Information

Directors

Mr Craig Andrew Bradley-Meichan

Mr Billie Joe Bradley-Meichan

Registered office

Unit 4B Gateway Business Park
Beancross Road
Grangemouth
FK3 8WX

Accountants

EQ Accountants Ltd Unit 4B
Gateway Business Park
Beancross Road
Grangemouth
FK3 8WX

 

EQ Talent Ltd

(Registration number: SC824425)
Balance Sheet as at 31 March 2025

Note

2025
£

Fixed assets

 

Intangible assets

4

1,240

Tangible assets

5

905

 

2,145

Current assets

 

Debtors

6

122

Cash at bank and in hand

 

1,691

 

1,813

Creditors: Amounts falling due within one year

7

(18,706)

Net current liabilities

 

(16,893)

Net liabilities

 

(14,748)

Capital and reserves

 

Called up share capital

100

Retained earnings

(14,848)

Shareholders' deficit

 

(14,748)

For the financial period ending 31 March 2025 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 accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 June 2025 and signed on its behalf by:
 

.........................................
Mr Craig Andrew Bradley-Meichan
Director

 

EQ Talent Ltd

Notes to the Unaudited Financial Statements for the Period from 1 October 2024 to 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

It is the opinion of the director(s) that there is reasonable expectation that the company has adequate resources to continue operations for the foreseeable future. For this reason the going concern basis has been adopted in preparing the financial statements for the period ended 31 March 2025.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer Equipment

33% straight line

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Other Intangible Assets

Straight-line 5 years

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

EQ Talent Ltd

Notes to the Unaudited Financial Statements for the Period from 1 October 2024 to 31 March 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual
arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any
contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

 

3

Employees and Directors

The average number of persons employed by the company (including directors) during the period, was 2.

 

EQ Talent Ltd

Notes to the Unaudited Financial Statements for the Period from 1 October 2024 to 31 March 2025

4

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

Additions acquired separately

1,550

1,550

At 31 March 2025

1,550

1,550

Amortisation

Amortisation charge

310

310

At 31 March 2025

310

310

Carrying amount

At 31 March 2025

1,240

1,240

5

Tangible assets

Office equipment
£

Total
£

Cost or valuation

Additions

1,350

1,350

At 31 March 2025

1,350

1,350

Depreciation

Charge for the period

445

445

At 31 March 2025

445

445

Carrying amount

At 31 March 2025

905

905

6

Debtors

Current

2025
£

Other debtors

122

 

122

7

Creditors

Creditors: amounts falling due within one year

 

EQ Talent Ltd

Notes to the Unaudited Financial Statements for the Period from 1 October 2024 to 31 March 2025

2025
£

Due within one year

Taxation and social security

145

Other creditors

18,561

18,706

8

Related party transactions

Creditors include the following amounts which are owed to individuals who were directors of the company during the year:

1 October 2024 to 31 March 2025
 £

Mr Craig Andrew Bradley-Meichan

16,941

Mr Billie Joe Bradley-Meichan

420

 

17,361

The maximum balance outstanding during the year amounted to £17,361.

The directors current accounts are repayable on demand.

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
EQ Talent Ltd
for the Period Ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of EQ Talent Ltd for the period ended 31 March 2025 as set out on pages 2 to 6 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of EQ Talent Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of EQ Talent Ltd and state those matters that we have agreed to state to the Board of Directors of EQ Talent Ltd, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than EQ Talent Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that EQ Talent Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of EQ Talent Ltd. You consider that EQ Talent Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of EQ Talent Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

EQ Accountants Ltd
Unit 4B
Gateway Business Park
Beancross Road
Grangemouth
FK3 8WX

26 June 2025