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Registered number: 10702853
Equip247Uk Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Grey Cube Accounting Limited
Broad Oak Farm
Horden
Cranbrook
Kent
TN17 2NJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10702853
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 220 220
Tangible Assets 5 287,264 288,001
287,484 288,221
CURRENT ASSETS
Stocks 6 72,600 75,000
Debtors 7 17,420 9,026
Cash at bank and in hand 21,670 50,026
111,690 134,052
Creditors: Amounts Falling Due Within One Year 8 (242,766 ) (206,154 )
NET CURRENT ASSETS (LIABILITIES) (131,076 ) (72,102 )
TOTAL ASSETS LESS CURRENT LIABILITIES 156,408 216,119
Creditors: Amounts Falling Due After More Than One Year 9 (5,511 ) (15,845 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (10,389 ) (10,316 )
NET ASSETS 140,508 189,958
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 140,408 189,858
SHAREHOLDERS' FUNDS 140,508 189,958
Page 1
Page 2
For the 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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Adrian Dixon
Director
04/12/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Equip247Uk Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10702853 . The registered office is Unit 4 Fairview Industrial Park, Hamstreet Road, Ruckinge, Ashford, Kent, TN26 2PL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to the profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold No depreciation
Plant & Machinery 25% Straight Line basis
Motor Vehicles 25% Reducing Balance basis
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 3)
3 3
4. Intangible Assets
Other
£
Cost
As at 1 April 2024 220
As at 31 March 2025 220
Net Book Value
As at 31 March 2025 220
As at 1 April 2024 220
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5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 April 2024 232,584 28,344 125,390 386,318
Additions - - 19,040 19,040
As at 31 March 2025 232,584 28,344 144,430 405,358
Depreciation
As at 1 April 2024 - 25,418 72,899 98,317
Provided during the period - 1,894 17,883 19,777
As at 31 March 2025 - 27,312 90,782 118,094
Net Book Value
As at 31 March 2025 232,584 1,032 53,648 287,264
As at 1 April 2024 232,584 2,926 52,491 288,001
6. Stocks
2025 2024
£ £
Materials 72,600 75,000
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 11,958 9,026
Prepayments and accrued income 2,057 -
VAT 3,405 -
17,420 9,026
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Page 6
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 68,751 61,409
Bank loans and overdrafts 11,829 9,582
Corporation tax 76 567
Other taxes and social security 1,294 1,880
VAT - 8,492
Net wages - 5,293
Accruals and deferred income 6,075 28,157
Director's loan account 154,741 90,774
242,766 206,154
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 5,511 15,845
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
Page 6