Equatorial Crafts Limited

Equatorial Crafts Limited
Statement of Financial Position
As at 31 January 2026

	Notes	2026 £	2025 £
Fixed assets
Tangible fixed assets	4	642	424
		642	424
Current assets
Stocks		35,000	40,000
Debtors: amounts falling due within one year		11,904	11,954
Cash at bank and in hand		24,610	61,365
		71,514	113,319
Creditors: amount falling due within one year		(39,361)	(51,100)
Net current assets		32,153	62,219

Total assets less current liabilities		32,795	62,643
Net assets		32,795	62,643

Capital and reserves
Called up share capital	5	2	2
Profit and loss account		32,792	62,641
Shareholders' funds		32,794	62,643

For the year ended 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the director on 14 August 2026 and were signed by:

-------------------------------
J P Rodgers
Director

Equatorial Crafts Limited
Notes to the Abridged Financial Statements
For the year ended 31 January 2026

General Information

Equatorial Crafts Limited is a private company, limited by shares, registered in England and Wales, registration number 04078394, registration address 3a Victoria Square, Ashbourne, Derbyshire, DE6 1GG.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Website cost

Planning and operating costs for the company's website are charged to the income statement as incurred.

Dividends

Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.

Intangible assets

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 10 years.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Fixtures & Fittings	15% Reducing Balance
Computer Equipment	25% Reducing Balance

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.	Average number of employees Average number of employees during the year was 4 (2025 : 4).

Intangible fixed assets

Cost	Goodwill	Total
	£	£
At 01 February 2025	30,000	30,000
Additions	-	-
Disposals	-	-
At 31 January 2026	30,000	30,000
Amortisation
At 01 February 2025	30,000	30,000
Charge for year	-	-
On disposals	-	-
At 31 January 2026	30,000	30,000
Net book values
At 31 January 2026	-	-
At 31 January 2025	-	-

Tangible fixed assets

Cost or valuation	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
At 01 February 2025	1	1,831	1,832
Additions	-	432	432
Disposals	-	-	-
At 31 January 2026	1	2,263	2,264
Depreciation
At 01 February 2025	-	1,408	1,408
Charge for year	-	214	214
On disposals	-	-	-
At 31 January 2026	-	1,622	1,622
Net book values
Closing balance as at 31 January 2026	1	641	642
Opening balance as at 01 February 2025	1	423	424

Share Capital

Authorised
1 Ordinary share of £1.00 each

Allotted, called up and fully paid	2026 £		2025 £
1 Ordinary share of £1.00 each	1		1
	1		1

Registered Number: 04078394
England and Wales
EQUATORIAL CRAFTS LIMITED

Abridged Accounts

Period of accounts Start date: 01 February 2025 End date: 31 January 2026