Abbreviated Company Accounts - EQUITY SYSTEMS LIMITED

Abbreviated Company Accounts - EQUITY SYSTEMS LIMITED

EQUITY SYSTEMS LIMITED - Company Information

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Registered Number 04469975

EQUITY SYSTEMS LIMITED

Abbreviated Accounts

31 August 2016

EQUITY SYSTEMS LIMITED Registered Number 04469975

Abbreviated Balance Sheet as at 31 August 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 1,600 2,631
1,600 2,631
Current assets
Debtors 8,942 7,721
Cash at bank and in hand 6,720 1,781
15,662 9,502
Creditors: amounts falling due within one year (13,271) (8,145)
Net current assets (liabilities) 2,391 1,357
Total assets less current liabilities 3,991 3,988
Creditors: amounts falling due after more than one year (3,156) (3,393)
Provisions for liabilities (265) (459)
Total net assets (liabilities) 570 136
Capital and reserves
Called up share capital 1 1
Profit and loss account 569 135
Shareholders' funds 570 136
  • For the year ending 31 August 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 14 September 2016

And signed on their behalf by:
P T Liepa, Director

EQUITY SYSTEMS LIMITED Registered Number 04469975

Notes to the Abbreviated Accounts for the period ended 31 August 2016

1Accounting Policies

Basis of measurement and preparation of accounts
(a) Accounts are prepared under the historical cost convention and Financial Reporting Standard for Smaller Entities (effective January 2015) and in accordance with applicable UK Accounting standards (UK Generally Accepted Accounting Practice) which have been applied consistently, except as otherwise stated;

Turnover policy
(b) Turnover represents amounts invoiced of all services provided, net of value added tax;

Tangible assets depreciation policy
(c) Depreciation is provided on a straight line basis at the annual rate of 33.33% in order to write off each asset over its estimated useful life;

Other accounting policies
(d) The company has a defined contribution pension scheme. The cost of contributions made to the scheme is charged to the profit and loss account as incurred;

(e) Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date.

2Tangible fixed assets
£
Cost
At 1 September 2015 18,204
Additions 1,279
Disposals -
Revaluations -
Transfers -
At 31 August 2016 19,483
Depreciation
At 1 September 2015 15,573
Charge for the year 2,310
On disposals -
At 31 August 2016 17,883
Net book values
At 31 August 2016 1,600
At 31 August 2015 2,631