Equasys IT Solutions Ltd - Filleted accounts

Equasys IT Solutions Ltd - Filleted accounts

EQUASYS IT SOLUTIONS LTD - Company Information

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Registered number
08842670
Equasys IT Solutions Ltd
Unaudited Filleted Accounts
31 January 2022
Equasys IT Solutions Ltd
Registered number: 08842670
Balance Sheet
as at 31 January 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 371 495
Current assets
Debtors 4 90,731 70,670
Cash at bank and in hand 804,037 714,296
894,768 784,966
Creditors: amounts falling due within one year 5 (77,690) (82,159)
Net current assets 817,078 702,807
Net assets 817,449 703,302
Capital and reserves
Called up share capital 3 3
Profit and loss account 817,446 703,299
Shareholders' funds 817,449 703,302
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Andrew Burgess
Director
Approved by the board on 22 June 2022
Equasys IT Solutions Ltd
Notes to the Accounts
for the year ended 31 January 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment 33% per annum (straight line basis)
Office equipment 25% per annum (reducing balance basis)
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 5 5
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 February 2021 4,693 6,358 11,051
At 31 January 2022 4,693 6,358 11,051
Depreciation
At 1 February 2021 4,693 5,863 10,556
Charge for the year - 124 124
At 31 January 2022 4,693 5,987 10,680
Net book value
At 31 January 2022 - 371 371
At 31 January 2021 - 495 495
4 Debtors 2022 2021
£ £
Trade debtors 88,648 68,426
Other debtors 2,083 2,244
90,731 70,670
5 Creditors: amounts falling due within one year 2022 2021
£ £
Trade creditors 11,057 22,124
Taxation and social security costs 59,213 52,932
Director's loan account 6,870 6,553
Other creditors 550 550
77,690 82,159
6 Other information
Equasys IT Solutions Ltd is a private company limited by shares and incorporated in England. Its registered office is:
844 Birchwood Boulevard
Birchwood
Warrington
WA3 7QZ
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