Equity Track Limited - Filleted accounts

Registered number

06252102

Equity Track Limited

Unaudited Filleted Accounts

26 March 2025

Equity Track Limited
Registered number:		06252102
Balance Sheet
as at 26 March 2025

Notes			2025			2024
£				£
Current assets
Stocks		1,352,807			1,352,807
Debtors	3	29,263			750
Cash at bank and in hand		20,524			45,226
		1,402,594			1,398,783

Creditors: amounts falling due within one year	4	(131,037)			(170,637)

Net current assets			1,271,557			1,228,146

Total assets less current liabilities			1,271,557			1,228,146

Creditors: amounts falling due after more than one year	5		(1,402,168)			(1,417,076)



Net liabilities			(130,611)			(188,930)

Capital and reserves
Called up share capital			100			100
Profit and loss account			(130,711)			(189,030)

Shareholder's funds			(130,611)			(188,930)

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.




D J Low
Director
Approved by the board on 2 September 2025

Equity Track Limited
Notes to the Accounts
for the year ended 26 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.

	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.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	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.

	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.


2	Employees	2025		2024
Number			Number

	Average number of persons employed by the company	2		2


3	Debtors	2025		2024
£			£

	Deferred tax asset	29,263		-
	Other debtors	-		750
		29,263		750


4	Creditors: amounts falling due within one year	2025		2024
£			£

	Bank loans and overdrafts	11,463		11,463
	Director's loan account	106,574		149,622
	Taxation and social security costs	12		-
	Other creditors	12,988		9,552
		131,037		170,637


5	Creditors: amounts falling due after one year	2025		2024
£			£

	Bank loans	1,281		12,744
	Other creditors	1,400,887		1,404,332
		1,402,168		1,417,076


6	Loans	2025		2024
£			£
	Creditors include:

	Secured bank loans	1,403,957		1,404,332

	The above loans are secured on freehold properties held as stock at the year end.


7	Financial support

	The Company is dependant upon the continued support of it's Director and Holding compny. Without this support the company would not be a going concern.


8	Controlling party

	On 20th April 2020, the company became a wholly owned subsidiary of Equity Track Investments Limited. D J Low is the ultimate controlling party of Equity Track Investments Limited.


9	Other information

	Equity Track Limited is a private company limited by shares and incorporated in England. Its registered office is:
	James House
	40 Lagland Street
	Poole
	Dorset
	BH15 1QG