Company Registration No. 09169661 (England and Wales)
IDEAL EQUIP LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
25 AUGUST 2025
PAGES FOR FILING WITH REGISTRAR
1-4 London Road
Spalding
Lincolnshire
PE11 2TA
IDEAL EQUIP LIMITED
CONTENTS
Page
Company information
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
IDEAL EQUIP LIMITED
BALANCE SHEET
AS AT
25 AUGUST 2025
25 August 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
3,750
4,980
Investments
5
5
5
3,755
4,985
Current assets
Debtors
6
64,420
74,418
Cash at bank and in hand
160,509
235,851
224,929
310,269
Creditors: amounts falling due within one year
7
(132,518)
(268,433)
Net current assets
92,411
41,836
Total assets less current liabilities
96,166
46,821
Provisions for liabilities
(2,606)
(2,606)
Net assets
93,560
44,215
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
93,559
44,214
Total equity
93,560
44,215

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 25 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

IDEAL EQUIP LIMITED
BALANCE SHEET (CONTINUED)
AS AT
25 AUGUST 2025
25 August 2025
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 22 May 2026
Mrs CL Clark
Director
Company registration number 09169661 (England and Wales)
IDEAL EQUIP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 25 AUGUST 2025
- 3 -
1
Accounting policies
Company information

Ideal Equip Limited is a private company limited by shares incorporated in England and Wales. The registered office is 1-4 London Road, Spalding, Lincolnshire, PE11 2TA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% reducing balance
Motor vehicles
20% reducing balance
IDEAL EQUIP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 25 AUGUST 2025
1
Accounting policies
(Continued)
- 4 -

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

IDEAL EQUIP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 25 AUGUST 2025
1
Accounting policies
(Continued)
- 5 -
1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

IDEAL EQUIP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 25 AUGUST 2025
1
Accounting policies
(Continued)
- 6 -
1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

IDEAL EQUIP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 25 AUGUST 2025
- 7 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
0
0
3
Intangible fixed assets
Goodwill
£
Cost
At 26 August 2024 and 25 August 2025
100,000
Amortisation and impairment
At 26 August 2024 and 25 August 2025
100,000
Carrying amount
At 25 August 2025
-
0
At 25 August 2024
-
0
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 26 August 2024 and 25 August 2025
77,748
Depreciation and impairment
At 26 August 2024
72,768
Depreciation charged in the year
1,230
At 25 August 2025
73,998
Carrying amount
At 25 August 2025
3,750
At 25 August 2024
4,980
IDEAL EQUIP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 25 AUGUST 2025
- 8 -
5
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
5
5
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
64,420
74,418
7
Creditors: amounts falling due within one year
2025
2024
£
£
Amounts owed to group undertakings
2
2
Amounts owed to undertakings in which the company has a participating interest
79,946
216,291
Corporation tax
287
(143)
Other creditors
51,483
51,483
Accruals and deferred income
800
800
132,518
268,433
2025-08-25 2024-08-26 false false false 22 May 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Mrs C L Clark 09169661 2024-08-26 2025-08-25 09169661 2025-08-25 09169661 2024-08-25 09169661 core:OtherPropertyPlantEquipment 2025-08-25 09169661 core:OtherPropertyPlantEquipment 2024-08-25 09169661 core:CurrentFinancialInstruments core:WithinOneYear 2025-08-25 09169661 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-25 09169661 core:ShareCapital 2025-08-25 09169661 core:ShareCapital 2024-08-25 09169661 core:RetainedEarningsAccumulatedLosses 2025-08-25 09169661 core:RetainedEarningsAccumulatedLosses 2024-08-25 09169661 bus:Director1 2024-08-26 2025-08-25 09169661 core:Goodwill 2024-08-26 2025-08-25 09169661 core:PlantMachinery 2024-08-26 2025-08-25 09169661 core:MotorVehicles 2024-08-26 2025-08-25 09169661 2023-08-26 2024-08-25 09169661 core:NetGoodwill 2024-08-25 09169661 core:NetGoodwill 2025-08-25 09169661 core:NetGoodwill 2024-08-25 09169661 core:OtherPropertyPlantEquipment 2024-08-25 09169661 core:OtherPropertyPlantEquipment 2024-08-26 2025-08-25 09169661 bus:PrivateLimitedCompanyLtd 2024-08-26 2025-08-25 09169661 bus:SmallCompaniesRegimeForAccounts 2024-08-26 2025-08-25 09169661 bus:FRS102 2024-08-26 2025-08-25 09169661 bus:AuditExemptWithAccountantsReport 2024-08-26 2025-08-25 09169661 bus:FullAccounts 2024-08-26 2025-08-25 xbrli:pure xbrli:shares iso4217:GBP