Company registration number: 10674676
Unaudited financial statements
for the year ended 31 March 2025
for
Equipsme Insurance Services Ltd
Pages for filing with the Registrar
Company registration number: 10674676
Equipsme Insurance Services Ltd
Balance sheet
as at 31 March 2025
31 Mar 25 31 Mar 24
Note £ £ £ £
Fixed assets
Intangible assets 4 12,843 27,105
Tangible assets 5 7,966 7,743
20,809 34,848
Current assets
Debtors 1,369,103 1,119,365
Cash at bank and in hand 107,639 313,464
1,476,742 1,432,829
Creditors: amounts falling due within one
year 		(1,529,946) (1,114,375)
Net current (liabilities)/assets (53,204) 318,454
Total assets less current liabilities (32,395) 353,302
Creditors: Amounts falling due after more
than one year 		(7,957,604) (7,697,243)
NET LIABILITIES (7,989,999) (7,343,941)
Capital and reserves
Called up share capital 10 10
Profit and loss account (7,990,009) (7,343,951)
TOTAL EQUITY (7,989,999) (7,343,941)
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 March 2025.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 10674676
Equipsme Insurance Services Ltd
Balance sheet - continued
as at 31 March 2025
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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr M Reed, Director
12 January 2026
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Equipsme Insurance Services Ltd
Notes to the financial statements
for the year ended 31 March 2025
1 Company information
Equipsme Insurance Services Ltd is a private company registered in England and Wales. Its registered number is 10674676. The company is limited by shares. Its registered office is Ashfords LLP, 1 New Fetter Lane, London, London, EC4A 1AN.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Exemption from preparation of consolidated financial statements
The financial statements contain information about Equipsme Insurance Services Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Software Development - 33% straight line
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Equipsme Insurance Services Ltd
Notes to the financial statements - continued
for the year ended 31 March 2025
2 Accounting policies - continued
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Furniture - 33% straight line
Computer Equipment - 33% straight line
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 9 (2024 - 9).
4 Intangible assets
Other
intangible
assets
£
Cost
At 1 April 2024 293,476
At 31 March 2025 293,476
Amortisation
At 1 April 2024 266,371
Charge for year 14,262
At 31 March 2025 280,633
Net book value
At 31 March 2025 12,843
At 31 March 2024 27,105
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Equipsme Insurance Services Ltd
Notes to the financial statements - continued
for the year ended 31 March 2025
5 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 April 2024 27,851
Additions 1,550
At 31 March 2025 29,401
Depreciation
At 1 April 2024 20,108
Charge for year 1,327
At 31 March 2025 21,435
Net book value
At 31 March 2025 7,966
At 31 March 2024 7,743
6 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.
7 Restatement of prior period
During the year, an immaterial adjustment was identified relating to revenue that should have been recognised in the prior financial period. The comparative figures have been restated accordingly. The adjustment was immaterial and did not have a material impact on the company's financial position or results.
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