REGISTERED NUMBER: 09339149 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

SALES EQ LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T D Chapman

Mrs S L S Chapman

SECRETARY:

Mrs S L S Chapman

REGISTERED OFFICE:

75 The Village

Haxby

York

United Kingdom

YO32 2JE

REGISTERED NUMBER:

09339149 (England and Wales)

ACCOUNTANTS:

CGA

Chartered Certified Accountants

3 & 4 Park Court

Riccall Road

Escrick

York

North Yorkshire

YO19 6ED

FIXED ASSETS

Tangible assets

4

6,430

6,665

CURRENT ASSETS

Debtors

5

4,279

1,771

Cash at bank

246

9,661

4,525

11,432

CREDITORS

Amounts falling due within one year

6

7,987

14,369

NET CURRENT LIABILITIES

(3,462

)

(2,937

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,968

3,728

CREDITORS

Amounts falling due after more than one year

7

(1,679

)

(5,667

)

PROVISIONS FOR LIABILITIES

(1,222

)

(1,266

)

NET ASSETS/(LIABILITIES)

67

(3,205

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

65

(3,207

)

SHAREHOLDERS' FUNDS

67

(3,205

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 9th September 2025 and were signed on its behalf by:

T D Chapman - Director

1.	STATUTORY INFORMATION

Sales EQ 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.

Turnover

Turnover represents net invoiced services, excluding value added tax.

Revenue is recognised once the service has been completed and where it is virtually certain that payment will be received.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1st January 2024

17,738

563

2,617

20,918

Additions

1,737

-

173

1,910

At 31st December 2024

19,475

563

2,790

22,828

DEPRECIATION

At 1st January 2024

11,969

463

1,821

14,253

Charge for year

1,877

25

243

2,145

At 31st December 2024

13,846

488

2,064

16,398

NET BOOK VALUE

At 31st December 2024

5,629

75

726

6,430

At 31st December 2023

5,769

100

796

6,665

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

4,279

1,771

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

4,000

4,000

Hire purchase contracts

-

6,733

Trade creditors

32

14

Taxation and social security

2,630

1,928

Other creditors

1,325

1,694

7,987

14,369

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

1,679

5,667

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year under review, the directors received loans from the company. Interest has not been charged on the balance and it is repayable on demand.

The company made advances totalling £16,759 (2023 - £615) and this was offset by credits totalling £13,803 (2023 - £1,175).

At the balance sheet date, the amount owed by the directors was £2,562, including within other debtors due within 12 months (2023 - £394 owed by the company to the directors, included within other creditors within 12 months.