REGISTERED NUMBER: 04943325 (England and Wales)

Unaudited Financial Statements

for the Year Ended

31 October 2025

for

Equate Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs C Wood

A Wood

REGISTERED OFFICE:

The Hive

142 Thornes Lane

Wakefield

West Yorkshire

WF2 7RE

REGISTERED NUMBER:

04943325 (England and Wales)

ACCOUNTANTS:

Equate Limited

Chartered Certified Accountants

The Hive Wakefield

142 Thornes Lane

Wakefield

West Yorkshire

WF2 7RE

FIXED ASSETS

Tangible assets

4

5,003

8,815

CURRENT ASSETS

Stocks

6,502

7,553

Debtors

5

57,671

35,136

Cash at bank and in hand

110,468

113,300

174,641

155,989

CREDITORS

Amounts falling due within one year

6

64,964

54,073

NET CURRENT ASSETS

109,677

101,916

TOTAL ASSETS LESS CURRENT LIABILITIES

114,680

110,731

PROVISIONS FOR LIABILITIES

641

927

NET ASSETS

114,039

109,804

CAPITAL AND RESERVES

Called up share capital

50

50

Retained earnings

113,989

109,754

SHAREHOLDERS' FUNDS

114,039

109,804

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 November 2025 and were signed on its behalf by:

A R Wood - Director

1.	STATUTORY INFORMATION

Equate Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 historical cost convention.

Turnover

Turnover represents the net invoiced sales of services, excluding value added tax. Revenue is recognised when the company has the right to received it.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

15% on cost

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 November 2024

20,095

3,339

7,530

30,964

Additions

-

334

1,279

1,613

Disposals

(7,895

)

(208

)

(649

)

(8,752

)

At 31 October 2025

12,200

3,465

8,160

23,825

DEPRECIATION

At 1 November 2024

15,037

2,144

4,968

22,149

Charge for year

2,618

382

2,308

5,308

Eliminated on disposal

(7,895

)

(91

)

(649

)

(8,635

)

At 31 October 2025

9,760

2,435

6,627

18,822

NET BOOK VALUE

At 31 October 2025

2,440

1,030

1,533

5,003

At 31 October 2024

5,058

1,195

2,562

8,815

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade debtors

22,838

19,389

Other debtors

34,833

15,747

57,671

35,136

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade creditors

8,113

7,014

Taxation and social security

53,251

43,166

Other creditors

3,600

3,893

64,964

54,073

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.10.25

31.10.24

£

£

Within one year

13,696

26,420

Between one and five years

4,565

18,261

18,261

44,681

8.	ULTIMATE CONTROLLING PARTY

The company is under the joint control of it's directors.