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REGISTERED NUMBER: 06510415 (England and Wales)









FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

EQUIPMENT SPARE PARTS LIMITED

EQUIPMENT SPARE PARTS LIMITED (REGISTERED NUMBER: 06510415)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


EQUIPMENT SPARE PARTS LIMITED

COMPANY INFORMATION
for the Year Ended 31 DECEMBER 2024







DIRECTORS: D G Byrne
B Liffey



REGISTERED OFFICE: Delta House
Fairway
Bridgtown Cannock
Staffordshire
WS11 0DJ



REGISTERED NUMBER: 06510415 (England and Wales)



AUDITORS: Whitehead & Howarth
Statutory Auditors
327 Clifton Drive South
Lytham St Annes
Lancashire
FY8 1HN



BANKERS: HSBC
Oxford Square
1 Newhouse Road
Blackpool
Lancashire
FY4 4YH

EQUIPMENT SPARE PARTS LIMITED (REGISTERED NUMBER: 06510415)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 52,173 6,180

CURRENT ASSETS
Stocks 5 365,532 314,947
Debtors 6 300,034 149,567
Cash at bank 852,568 936,691
1,518,134 1,401,205
CREDITORS
Amounts falling due within one year 7 308,115 303,004
NET CURRENT ASSETS 1,210,019 1,098,201
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,262,192

1,104,381

PROVISIONS FOR LIABILITIES 9 12,862 1,223
NET ASSETS 1,249,330 1,103,158

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 1,249,230 1,103,058
SHAREHOLDERS' FUNDS 1,249,330 1,103,158

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 August 2025 and were signed on its behalf by:





B Liffey - Director


EQUIPMENT SPARE PARTS LIMITED (REGISTERED NUMBER: 06510415)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 DECEMBER 2024

1. STATUTORY INFORMATION

Equipment Spare Parts Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Judgements and estimation uncertainty
The preparation of the financial statements requires the use of certain judgements, estimates and assumptions that affect the reported amounts of assets, liabilities, income and expenses. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Changes in accounting estimates may be necessary if there are changes in the circumstances on which the estimate was based or as a result of new information or more experience. Significant accounting policies, estimate and assumptions, and judgements are provided below.

Significant estimates and assumptions:

Accruals - The company recognises expenditure where costs have been incurred but no invoice has yet been received. Provision for costs or overheads are based upon known order prices or tariffs for accepted liabilities.

Turnover
The turnover shown in the profit and loss account represents the value of all goods sold and services provided during the year, less returns received, at selling price exclusive of Value Added Tax. Sales are recognised at the point at which the company has fulfilled its contractual obligations and the risks and rewards attaching to the product and service have been transfered to the customer.

Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on cost
Fixtures and fittings - 10% on cost
Computer equipment - 25% on cost

Tangible fixed assets are initially recorded at historic cost and stated in the balance sheet at their net book value, being the amount of capital expenditure less accumulated depreciation.

Stocks
Stock is stated at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost comprises of average invoice cost exclusive of Value Added Tax, together with freight and carriage costs incurred.

Net realisable value comprises of actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing, selling and distribution.


EQUIPMENT SPARE PARTS LIMITED (REGISTERED NUMBER: 06510415)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2024 28 14,888 14,075 28,991
Additions - 55,501 - 55,501
Disposals (28 ) (14,549 ) (8,260 ) (22,837 )
At 31 December 2024 - 55,840 5,815 61,655
DEPRECIATION
At 1 January 2024 28 9,832 12,951 22,811
Charge for year - 4,568 1,008 5,576
Eliminated on disposal (28 ) (10,617 ) (8,260 ) (18,905 )
At 31 December 2024 - 3,783 5,699 9,482
NET BOOK VALUE
At 31 December 2024 - 52,057 116 52,173
At 31 December 2023 - 5,056 1,124 6,180

EQUIPMENT SPARE PARTS LIMITED (REGISTERED NUMBER: 06510415)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2024

5. STOCKS
31.12.24 31.12.23
£    £   
Finished goods 365,532 314,947

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 31,804 39,958
Amounts owed by group undertakings 260,787 102,964
Other debtors 896 1,201
Prepayments and accrued income 6,547 5,444
300,034 149,567

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 164,778 149,120
Tax 37,281 42,652
VAT 4,302 16,297
Accruals and deferred income 101,754 94,935
308,115 303,004

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.24 31.12.23
£    £   
Within one year - 7,067

9. PROVISIONS FOR LIABILITIES
31.12.24 31.12.23
£    £   
Deferred tax 12,862 1,223

Deferred
tax
£   
Balance at 1 January 2024 1,223
Accelerated capital allowances 11,639
Balance at 31 December 2024 12,862

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
100 Ordinary £1 100 100

EQUIPMENT SPARE PARTS LIMITED (REGISTERED NUMBER: 06510415)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2024

11. RESERVES
Retained
earnings
£   

At 1 January 2024 1,103,058
Profit for the year 146,172
At 31 December 2024 1,249,230

12. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Gareth Maddock (Senior Statutory Auditor)
for and on behalf of Whitehead & Howarth

13. ULTIMATE CONTROLLING PARTY

In the opinion of the directors the company is controlled by Mr D G Byrne and Mr D A Byrne who jointly control the majority of the issued shares of Fridge Spares (Wholesale) Holdings Limited.

14. ULTIMATE PARENT COMPANY

The Ultimate Parent Company at 31st December 2024 was Fridge Spares (Wholesale) Holdings Limited, a company registered in the Republic of Ireland, company number 609636.

Fridge Spares (Wholesale) Holdings Limited holds 100% of the share capital of Fridge Spares Wholesale Ltd which in turn owns 100% of the share capital of Equipment Spare Parts Limited.

Consolidated financial statements will be prepared by Fridge Spares Wholesale Ltd for the period ending 31st December 2024, and it's registered office is Delta House, Fairway, Bridgtown, Cannock, Staffordshire, WS11 0DJ.