Registration number: 04546601

E-Quip Global Supplies Ltd
(formerly E-Quip (Rasen) Ltd)

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 8

E-Quip Global Supplies Ltd
(formerly E-Quip (Rasen) Ltd)

Company Information

Directors

D R Moulds J M Richards

Company secretary

D R Moulds

Registered office

Gallamore Industrial Estate Gallamore Lane Market Rasen Lincolnshire LN8 3HA

E-Quip Global Supplies Ltd
(formerly E-Quip (Rasen) Ltd)

(Registration number: 04546601)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	184,349	197,754
Investment property	6	132,623	132,623
		316,972	330,377
Current assets
Stocks	7	98,700	101,389
Debtors	8	158,827	183,926
Investments	9	27,676	26,571
Cash at bank and in hand		421,913	358,410
		707,116	670,296
Creditors: Amounts falling due within one year	10	(172,740)	(176,060)
Net current assets		534,376	494,236
Total assets less current liabilities		851,348	824,613
Provisions for liabilities		(10,310)	(13,673)
Net assets		841,038	810,940
Capital and reserves
Called up share capital	11	200	200
Other reserves		24,426	23,321
Retained earnings		816,412	787,419
Shareholders' funds		841,038	810,940

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 18 September 2025 and signed on its behalf by:
 

......................................... D R Moulds Company secretary and director

......................................... J M Richards Director

E-Quip Global Supplies Ltd
(formerly E-Quip (Rasen) Ltd)

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital incorporated in England and Wales and the company registration number is 04546601.

The Company was formerly known as E-Quip (Rasen) Ltd.

The address of its registered office is:
Gallamore Industrial Estate
Gallamore Lane
Market Rasen
Lincolnshire
LN8 3HA

These financial statements cover the individual entity, E-Quip Global Supplies Ltd.

These financial statements were authorised for issue by the Board on 18 September 2025.

The principal place of business is:
Gallamore Lane Industrial Estate
Market Rasen
LN8 3HA

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

E-Quip Global Supplies Ltd
(formerly E-Quip (Rasen) Ltd)

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the Company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	25% straight line basis
Plant and machinery	15% reducing balance basis
Motor vehicles	25% reducing balance basis

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually. Market prices are used and adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the Company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	4-20 years straight line basis

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

E-Quip Global Supplies Ltd
(formerly E-Quip (Rasen) Ltd)

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

E-Quip Global Supplies Ltd
(formerly E-Quip (Rasen) Ltd)

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 11 (2024 - 9).

E-Quip Global Supplies Ltd
(formerly E-Quip (Rasen) Ltd)

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 April 2024	115,000	115,000
At 31 March 2025	115,000	115,000
Amortisation
At 1 April 2024	115,000	115,000
At 31 March 2025	115,000	115,000
Carrying amount
At 31 March 2025	-	-

5	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	143,072	56,081	79,801	278,954
Disposals	-	(3,847)	-	(3,847)
At 31 March 2025	143,072	52,234	79,801	275,107
Depreciation
At 1 April 2024	-	41,183	40,017	81,200
Charge for the year	-	2,699	9,946	12,645
Eliminated on disposal	-	(3,087)	-	(3,087)
At 31 March 2025	-	40,795	49,963	90,758
Carrying amount
At 31 March 2025	143,072	11,439	29,838	184,349
At 31 March 2024	143,072	14,898	39,784	197,754

6	Investment property

	2025 £
At 1 April	132,623
Additions	-
At 31 March	132,623

There has been no valuation of investment property by an independent valuer.

E-Quip Global Supplies Ltd
(formerly E-Quip (Rasen) Ltd)

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Stocks

	2025 £	2024 £
Other inventories	98,700	101,389

8

Debtors

Current	2025 £	2024 £
Trade debtors	153,890	176,419
Prepayments	4,937	7,507
	158,827	183,926

9	Current asset investments

	2025 £	2024 £
Other investments	27,676	26,571

10

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings		4,123	1,177
Trade creditors		112,525	117,764
Taxation and social security		50,057	50,561
Accruals and deferred income		4,402	5,902
Other creditors		1,633	656
		172,740	176,060

11	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary Shares of £1 each	200	200	200	200