Registered number
02879162
Essential Equipment Consortium Limited
Unaudited Filleted Accounts
31 March 2025
Essential Equipment Consortium Limited
Registered number: 02879162
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 18,575 21,558
Current assets
Stocks 176,453 156,600
Debtors 4 85,226 86,261
Cash at bank and in hand 145,306 204,086
406,985 446,947
Creditors: amounts falling due within one year 5 (44,609) (84,370)
Net current assets 362,376 362,577
Total assets less current liabilities 380,951 384,135
Provisions for liabilities (4,644) (5,390)
Net assets 376,307 378,745
Capital and reserves
Called up share capital 200 200
Share premium 100 100
Profit and loss account 376,007 378,445
Shareholders' funds 376,307 378,745
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J Hodder
Director
Approved by the board on 11 August 2025
Essential Equipment Consortium Limited
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and equipment over 3 and 6 years
Motor vehicles over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
1 Accounting policies continued
Leased assets
Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 5 5
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2024 50,660 28,675 79,335
Additions 4,606 - 4,606
Disposals (729) - (729)
At 31 March 2025 54,537 28,675 83,212
Depreciation
At 1 April 2024 33,708 24,069 57,777
Charge for the year 4,957 2,632 7,589
On disposals (729) - (729)
At 31 March 2025 37,936 26,701 64,637
Net book value
At 31 March 2025 16,601 1,974 18,575
At 31 March 2024 16,952 4,606 21,558
4 Debtors 2025 2024
£ £
Trade debtors 47,811 56,427
Other debtors 37,415 29,834
85,226 86,261
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 22,247 46,697
Taxation and social security costs 17,066 32,691
Other creditors 5,296 4,982
44,609 84,370
6 Other financial commitments 2025 2024
£ £
Total future minimum payments under non-cancellable operating leases 10,125 37,125
7 Other information
Essential Equipment Consortium Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit C6 Optimus Way
Optimus Point
Glenfield
Leicestershire
LE3 8JR
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