Company Registration No. 05933325 (England and Wales)
Equinox Ip Limited
Unaudited accounts
for the year ended 30 November 2024
Equinox Ip Limited
Unaudited accounts
Contents
Equinox Ip Limited
Company Information
for the year ended 30 November 2024
Company Number
05933325 (England and Wales)
Registered Office
Town Hall Chambers
High Street East
Wallsend
Newcastle upon Tyne
NE28 7AT
United Kingdom
Accountants
Payroll Simple Limited
1 Broadway
Lemington
Newcastle upon Tyne
NE15 7JY
Equinox Ip Limited
Accountants' report
Accountants' report to the director of Equinox Ip Limited (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 30 November 2024.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 30 November 2024. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Payroll Simple Limited
1 Broadway
Lemington
Newcastle upon Tyne
NE15 7JY
22 May 2025
Equinox Ip Limited
Statement of financial position
as at 30 November 2024
Tangible assets
7,641
42,011
Cash at bank and in hand
9,628
29,814
Creditors: amounts falling due within one year
(45,608)
(115,720)
Net current assets
30,368
38,534
Total assets less current liabilities
38,009
80,545
Creditors: amounts falling due after more than one year
-
(24,304)
Provisions for liabilities
Other provisions
-
(3,699)
Profit and loss account
37,909
52,442
Shareholders' funds
38,009
52,542
For the year ending 30 November 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 director acknowledges his 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 and authorised for issue on 24 July 2025 and were signed on its behalf by
Craig White
Director
Company Registration No. 05933325
Equinox Ip Limited
Notes to the Accounts
for the year ended 30 November 2024
Equinox Ip Limited is a private company, limited by shares, registered in England and Wales, registration number 05933325. The registered office is Town Hall Chambers, High Street East, Wallsend, Newcastle upon Tyne, NE28 7AT, United Kingdom.
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.
These financial statements for the year ended 30 November 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 December 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% straight line
Computer equipment
25% straight line
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 December 2023
82,559
11,829
94,388
Disposals
(59,981)
-
(59,981)
At 30 November 2024
22,578
11,829
34,407
At 1 December 2023
43,148
9,229
52,377
Charge for the year
1,166
704
1,870
On disposals
(27,481)
-
(27,481)
At 30 November 2024
16,833
9,933
26,766
At 30 November 2024
5,745
1,896
7,641
At 30 November 2023
39,411
2,600
42,011
Equinox Ip Limited
Notes to the Accounts
for the year ended 30 November 2024
Amounts falling due within one year
Trade debtors
63,463
112,751
Accrued income and prepayments
-
8,579
6
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
-
4,761
Trade creditors
22,262
9,461
Taxes and social security
7,179
2,662
Other creditors
5,941
4,740
Loans from directors
-
666
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
-
24,304
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).