Registered number
13680319
Equity Will Writers Limited
Filleted Accounts
31 December 2024
Equity Will Writers Limited
Registered number: 13680319
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 77,531 82,091
Tangible assets 4 153,147 40,452
230,678 122,543
Current assets
Debtors 5 51,175 40,219
Cash at bank and in hand 421,380 557,835
472,555 598,054
Creditors: amounts falling due within one year 6 (456,707) (350,138)
Net current assets 15,848 247,916
Net assets 246,526 370,459
Capital and reserves
Called up share capital 2 2
Profit and loss account 246,524 370,457
Shareholders' funds 246,526 370,459
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 A Hislop
Director
Approved by the board on 17 September 2025
Equity Will Writers Limited
Notes to the Accounts
for the year ended 31 December 2024
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 machinery 25% reducing balance
Motor vehicles 25% reducing balance
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 25 19
3 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2024 91,213
At 31 December 2024 91,213
Amortisation
At 1 January 2024 9,122
Provided during the year 4,560
At 31 December 2024 13,682
Net book value
At 31 December 2024 77,531
At 31 December 2023 82,091
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2024 55,278 12,995 68,273
Additions 12,422 160,189 172,611
Disposals (1,783) (12,995) (14,778)
At 31 December 2024 65,917 160,189 226,106
Depreciation
At 1 January 2024 22,135 5,686 27,821
Charge for the year 11,002 40,047 51,049
On disposals (225) (5,686) (5,911)
At 31 December 2024 32,912 40,047 72,959
Net book value
At 31 December 2024 33,005 120,142 153,147
At 31 December 2023 33,143 7,309 40,452
5 Debtors 2024 2023
£ £
Prepayments 21,573 15,794
Other debtors 29,602 24,425
51,175 40,219
6 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 303,432 222,942
Accruals 87,291 77,694
Directors loan accounts 3,694 2,297
Other creditors 62,290 47,205
456,707 350,138
7 Controlling party
The company is controlled by the directors who own 100% of the issued share capital.
8 Other information
Equity Will Writers Limited is a private company limited by shares and incorporated in England. Its registered office is:
67 Cheshire Street
Market Drayton
Shropshire
TF9 1PN
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