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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
Page
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Equinox Ip Limited Company Information for the year ended 30 November 2024
Director
Craig White
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
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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
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Equinox Ip Limited Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,641 
42,011 
Current assets
Debtors
66,348 
124,440 
Cash at bank and in hand
9,628 
29,814 
75,976 
154,254 
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)
Net assets
38,009 
52,542 
Capital and reserves
Share premium
100 
100 
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
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Equinox Ip Limited Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
At 30 November 2024
5,745 
1,896 
7,641 
At 30 November 2023
39,411 
2,600 
42,011 
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Equinox Ip Limited Notes to the Accounts for the year ended 30 November 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
63,463 
112,751 
Accrued income and prepayments
- 
8,579 
Other debtors
2,885 
3,110 
66,348 
124,440 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
10,226 
16,891 
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 
Accruals
- 
76,539 
45,608 
115,720 
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).
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