EQUITABLE LTD Small abbreviated accounts

EQUITABLE LTD Small abbreviated accounts

EQUITABLE LIMITED - Company Information

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FY Private Limited Company Company accounts 2017-07-21 2017-07-21 false true false false false false false false false false false false true true 2015-04-01 true xbrli:pure xbrli:shares iso4217:GBP 05385171 2015-04-01 2016-03-31 05385171 2016-03-31 05385171 2015-03-31 05385171 2014-04-06 2015-03-31 05385171 2015-03-31 05385171 uk-gaap:FixturesFittings 2015-04-01 2016-03-31 05385171 uk-gaap:MotorVehicles 2015-04-01 2016-03-31 05385171 uk-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 05385171 uk-bus:OrdinaryShareClass2 2015-04-01 2016-03-31 05385171 uk-bus:OrdinaryShareClass3 2015-04-01 2016-03-31 05385171 uk-bus:Director1 2015-04-01 2016-03-31 05385171 uk-gaap:AllSubsidiaries 2015-04-01 2016-03-31 05385171 uk-bus:OrdinaryShareClass1 2016-03-31 05385171 uk-bus:OrdinaryShareClass1 2015-03-31 05385171 uk-bus:OrdinaryShareClass2 2016-03-31 05385171 uk-bus:OrdinaryShareClass2 2015-03-31 05385171 uk-bus:OrdinaryShareClass3 2016-03-31 05385171 uk-bus:OrdinaryShareClass3 2015-03-31 05385171 uk-lang:English 2015-04-01 2016-03-31 05385171 uk-curr:PoundSterling 2015-04-01 2016-03-31
COMPANY REGISTRATION NUMBER 05385171
EQUITABLE LTD
ABBREVIATED ACCOUNTS
31 March 2016
EQUITABLE LTD
ABBREVIATED BALANCE SHEET
31 March 2016
2016
2015
Note
£
£
£
FIXED ASSETS
2
Tangible assets
1,991
2,655
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-------
CURRENT ASSETS
Debtors
16,729
23,215
Cash at bank and in hand
330
13,760
---------
---------
17,059
36,975
CREDITORS: Amounts falling due within one year
73,300
72,400
---------
---------
NET CURRENT LIABILITIES
( 56,241)
( 35,425)
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
( 54,250)
( 32,770)
CREDITORS: Amounts falling due after more than one year
182,158
204,658
----------
----------
( 236,408)
( 237,428)
----------
----------
CAPITAL AND RESERVES
Called up equity share capital
3
30
30
Profit and loss account
( 236,438)
( 237,458)
----------
----------
DEFICIT
( 236,408)
( 237,428)
----------
----------
For the year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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; and
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.
These abbreviated accounts were approved by the directors and authorised for issue on 23 March 2017 , and are signed on their behalf by:
W R Barnett Director
Company Registration Number: 05385171
EQUITABLE LTD
NOTES TO THE ABBREVIATED ACCOUNTS
YEAR ENDED 31 MARCH 2016
1. ACCOUNTING POLICIES
Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.
Fixed assets
All fixed assets are initially recorded at cost.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Fixtures & Fittings-33% straight line
Motor Vehicles-25% reducing balance
2. FIXED ASSETS
Tangible Assets
£
COST
At 1 April 2015 and 31 March 2016
40,256
---------
DEPRECIATION
At 1 April 2015
37,601
Charge for year
664
---------
At 31 March 2016
38,265
---------
NET BOOK VALUE
At 31 March 2016
1,991
-------
At 31 March 2015
2,655
-------
3. SHARE CAPITAL
Allotted, called up and fully paid:
2016
2015
No.
£
No.
£
Ordinary 'A' shares of £ 1 each
10
10
10
10
Ordinary 'B' shares of £ 1 each
10
10
10
10
Ordinary 'C' shares of £ 1 each
10
10
10
10
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30
30
30
30
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