EQUINOX PUBLISHING LIMITED


Director	JOYCE, Janet


Company Secretary	SUTTON, David Arthur


Registered Address	Office 415, The Workstation 15 Paternoster Row
	Sheffield
	S1 2BX


Registered Number	04721694 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Intangible assets	3		25,873		37,804
Tangible assets	4		871		1,792
Investments	5		80,400		-
			107,144		39,596
Current assets
Stocks	6	171,299		194,868
Debtors		370,660		136,140
Cash at bank and on hand		2,999		26,185
		544,958		357,193
Creditors amounts falling due within one year	7	(537,526)		(311,228)
Net current assets (liabilities)			7,432		45,965
Total assets less current liabilities			114,576		85,561
Creditors amounts falling due after one year	8		(22,918)		(25,550)
Net assets			91,658		60,011
Capital and reserves
Called up share capital			1,000		1,000
Profit and loss account			90,658		59,011
Shareholders' funds			91,658		60,011

The company was entitled to exemption from audit for this reporting period 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 their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 2 September 2025, and are signed on its behalf by:

JOYCE, Janet
Director
Registered Company No. 04721694

EQUINOX PUBLISHING LIMITED

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	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.

Revenue from sale of goods

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.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	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.

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.

	Intangible assets
	Intangible assets are brought in at cost and depreciated over their useful life of 5 years.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Office Equipment	3

	Investments
	Investments in subsidiaries are measured at fair value presently cost less any accumulated impairment losses. Unlisted investments are measured at cost less any accumulated impairment losses.

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2024		2023
	Average number of employees during the year	3		3

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 January 24	111,373	111,373
At 31 December 24	111,373	111,373
Amortisation and impairment
At 01 January 24	73,569	73,569
Charge for year	11,931	11,931
At 31 December 24	85,500	85,500
Net book value
At 31 December 24	25,873	25,873
At 31 December 23	37,804	37,804

4.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 01 January 24	25,111	25,111
At 31 December 24	25,111	25,111
Depreciation and impairment
At 01 January 24	23,319	23,319
Charge for year	922	922
Other adjustments	(1)	(1)
At 31 December 24	24,240	24,240
Net book value
At 31 December 24	871	871
At 31 December 23	1,792	1,792

5.	Fixed asset investments
	During the year Equinox Publishing Ltd acquired 100% of the share capital of Marion Boyars Publishers Ltd.

	Investments in groups¹	Total
	£	£
Cost or valuation
Additions	80,400	80,400
At 31 December 24	80,400	80,400
Net book value
At 31 December 24	80,400	80,400
At 31 December 23	-	-

	Notes
	¹Investments in group undertakings and participating interests

6.	Stocks

	2024	2023
	£	£
Finished goods	171,299	194,868
Total	171,299	194,868

7.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	106,357	56,166
Bank borrowings and overdrafts	134,123	110,844
Amounts owed to related parties	53,649	-
Taxation and social security	22,800	11,107
Other creditors	10,956	10,511
Accrued liabilities and deferred income	209,641	122,600
Total	537,526	311,228


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

8.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	22,918	25,550
Total	22,918	25,550

9.	Operating lease commitments
	At 31 Dec 2024, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £3,399. (2023 – £3,399)

10.	Related party transactions
	Dividends of £35,000 were credited to the Directors loan account during the year (2023:£43,000). During the year, the subsidiary acquired during the year, Marion Boyars Publishers Ltd, lent to Equinox Publishing the sum of £53,649 on an interest free basis.