EQUIP BUSINESS LIMITED


Director	CONSTABLE, Mark John


Registered Address	Old Granary
	Dunton Road
	Basildon
	SS15 4DB


Registered Number	12287504 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Intangible assets	3		12,500		15,000
			12,500		15,000
Current assets
Debtors	4	574		574
		574		574
Creditors amounts falling due within one year	5	-		(6)
Net current assets (liabilities)			574		568
Total assets less current liabilities			13,074		15,568
Creditors amounts falling due after one year	6		(26,000)		(26,000)
Net assets			(12,926)		(10,432)
Capital and reserves
Called up share capital			100		100
Profit and loss account			(13,026)		(10,532)
Shareholders' funds			(12,926)		(10,432)

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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Director on 24 September 2025, and are signed on its behalf by:

CONSTABLE, Mark John
Director
Registered Company No. 12287504

EQUIP BUSINESS 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 accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Turnover policy
	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.

	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
	Intantgible assets are stated at cost or valuation less amortisation. Amortisation is provided on all intangible assets on a straight line basis of 10%.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	1		1

3.	Intangible assets

		Total
		£
	Cost or valuation
	At 01 January 24	25,000
	At 31 December 24	25,000
	Amortisation and impairment
	At 01 January 24	10,000
	Charge for year	2,500
	At 31 December 24	12,500
	Net book value
	At 31 December 24	12,500
	At 31 December 23	15,000

4.	Debtors: amounts due within one year

	2024	2023
	£	£
Other debtors	574	574
Total	574	574


	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.

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.

5.	Creditors: amounts due within one year

	2024	2023
	£	£
Accrued liabilities and deferred income	-	6
Total	-	6


	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.

6.	Creditors: amounts due after one year

	2024	2023
	£	£
Amounts owed to related parties	26,000	26,000
Total	26,000	26,000


	Long 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.