Equate Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04943325 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 October 2014

for

Equate Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

A R Wood

REGISTERED OFFICE:

17 Appleton Court

Calder Park

Wakefield

West Yorkshire

WF2 7AR

REGISTERED NUMBER:

04943325 (England and Wales)

ACCOUNTANTS:

Equate

17 Appleton Court

Calder Park

Wakefield

West Yorkshire

WF2 7AR

FIXED ASSETS

Tangible assets

2

3,193

1,860

CURRENT ASSETS

Stocks

2,032

4,618

Debtors

28,283

35,002

Cash at bank and in hand

46,461

26,851

76,776

66,471

CREDITORS

Amounts falling due within one year

36,747

35,283

NET CURRENT ASSETS

40,029

31,188

TOTAL ASSETS LESS CURRENT LIABILITIES

43,222

33,048

PROVISIONS FOR LIABILITIES

567

-

NET ASSETS

42,655

33,048

CAPITAL AND RESERVES

Called up share capital

3

50

50

Profit and loss account

42,605

32,998

SHAREHOLDERS' FUNDS

42,655

33,048

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 16 February 2015 and were signed by:

A R Wood - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in

accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of

service contracts where turnover is recognised when the company obtains the right to

consideration.

Tangible fixed assets

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

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 includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed

at the balance sheet date.

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 the profit and loss account in the period to which they

relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2013

10,145

Additions

3,168

Disposals

(5,478

)

At 31 October 2014

7,835

DEPRECIATION

At 1 November 2013

8,285

Charge for year

1,835

Eliminated on disposal

(5,478

)

At 31 October 2014

4,642

NET BOOK VALUE

At 31 October 2014

3,193

At 31 October 2013

1,860

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.14

31.10.13

value:

£

£

50

Ordinary

£1.00

50

50