Equantra Limited - Limited company - abbreviated

REGISTERED NUMBER: 06274742 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 August 2014

for

Equantra Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

F Ghiaci

SECRETARY:

Mrs R Cameron

REGISTERED OFFICE:

Charter House

121-123 Davigdor Road

HOVE

East Sussex

BN3 1RE

REGISTERED NUMBER:

06274742 (England and Wales)

ACCOUNTANTS:

Still Accounting Limited

Chartered Certified Accountants

2 Sark Gardens

Ferring

WORTHING

West Sussex

BN12 5QB

FIXED ASSETS

Tangible assets

2

2,637,977

2,639,348

CURRENT ASSETS

Stocks

1,067,965

891,042

Debtors

531,885

3,415

Cash at bank and in hand

4,936

18,442

1,604,786

912,899

CREDITORS

Amounts falling due within one year

500,842

459,336

NET CURRENT ASSETS

1,103,944

453,563

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,741,921

3,092,911

CREDITORS

Amounts falling due after more than
one year

3

(2,516,327

)

(2,144,384

)

PROVISIONS FOR LIABILITIES

(5,217

)

(6,956

)

NET ASSETS

1,220,377

941,571

CAPITAL AND RESERVES

Called up share capital

4

1,000

Revaluation reserve

561,197

Profit and loss account

658,180

379,374

SHAREHOLDERS' FUNDS

1,220,377

941,571

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 22 May 2015 and were signed by:

F Ghiaci - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as

modified by the revaluation of certain assets and in accordance with the Financial Reporting

Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax, and sales of

properties. Turnover is recognised when the right to receive consideration becomes

unconditional.

Tangible fixed assets

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

Land and buildings

-

not provided

Plant and machinery etc

-

10% on reducing balance and not provided

The policy of not providing depreciation on the freehold property is in accordance with the

procedure laid down in "SSAP 19 Investment Properties". The policy is a departure from the

specific requirement of the Companies Act 2006 to provide depreciation on any fixed asset

which has a limited useful economic life. The departure from the Companies Act 2006

requirements is for for the overriding purpose of giving a true and fair view in accordance

with the SSAP.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Deferred tax

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

reversed at the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 September 2013

2,680,933

Additions

7,324

At 31 August 2014

2,688,257

DEPRECIATION

At 1 September 2013

41,585

Charge for year

8,695

At 31 August 2014

50,280

NET BOOK VALUE

At 31 August 2014

2,637,977

At 31 August 2013

2,639,348

3.

CREDITORS

Creditors include an amount of £ 2,073,054 (31.8.13 - £ 1,795,114 ) for which security has

been given.

They also include the following debts falling due in more than five years:

31.8.14

31.8.13

£

Repayable otherwise than by instalments

1,631,591

564,714

Repayable by instalments

884,736

1,579,670

2,516,327

2,144,384

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.14

31.8.13

value:

£

1,000

Ordinary

£1

1,000

Equantra Limited - Limited company - abbreviated - 11.6

Equantra Limited - Limited company - abbreviated - 11.6