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Unaudited Financial Statements for the Year Ended 31 August 2017 |
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Equinox Group Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 31 August 2017 |
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for |
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Equinox Group Limited |
Equinox Group Limited (Registered number: 04224169) |
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Contents of the Financial Statements |
for the year ended 31 August 2017 |
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Page |
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Company Information | 1 |
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Abridged Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Equinox Group Limited |
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Company Information |
for the year ended 31 August 2017 |
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Directors: |
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Registered office: |
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Registered number: |
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Accountants: |
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Unit 2 Foley Works |
Foley Industrial Estate |
Hereford |
Herefordshire |
HR1 2SF |
Equinox Group Limited (Registered number: 04224169) |
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Abridged Balance Sheet |
31 August 2017 |
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2017 | 2016 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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Investments | 5 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | ( |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Capital redemption reserve |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
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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. |
Equinox Group Limited (Registered number: 04224169) |
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Abridged Balance Sheet - continued |
31 August 2017 |
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In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
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The financial statements were approved by the Board of Directors on
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Equinox Group Limited (Registered number: 04224169) |
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Notes to the Financial Statements |
for the year ended 31 August 2017 |
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1. | STATUTORY INFORMATION |
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Equinox Group Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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No adjustments were made to the reported financial position and performance of the company on its first-time |
adoption of FRS102 (Section 1A). |
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Preparation of consolidated financial statements |
The financial statements contain information about Equinox Group Limited as an individual company and do not |
contain consolidated financial information as the parent of a group. The company has taken the option under |
Section 398 of the Companies Act 2006 not to prepare consolidated financial statements. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Tangible fixed assets |
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Long leasehold | - |
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Plant and machinery | - |
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Motor vehicles | - |
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Office and computer | - |
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Cost is defined as purchase cost less any residual value. |
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Depreciation is charged from the month of acquisition at the above rates. |
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The net book values of the assets are regularly reviewed by the directors and further adjustments to carrying |
values are made where considered appropriate. |
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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost less any provision for impairment. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, |
except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
substantively enacted by the balance sheet date. |
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Equinox Group Limited (Registered number: 04224169) |
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Notes to the Financial Statements - continued |
for the year ended 31 August 2017 |
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2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the |
timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
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Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held |
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases |
are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
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The interest element of these obligations is charged to profit or loss over the relevant period. The capital element |
of the future payments is treated as a liability. |
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Financial instruments |
Financial instruments are classified and accounted for according to the substance of the contractual arrangement. |
They are classified as financial assets, financial liabilities or equity instruments. An equity instrument is any |
contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
Cost |
At 1 September 2016 |
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Additions |
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Disposals | ( |
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At 31 August 2017 |
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Depreciation |
At 1 September 2016 |
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Charge for year |
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Eliminated on disposal | ( |
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At 31 August 2017 |
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Net book value |
At 31 August 2017 |
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At 31 August 2016 |
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Equinox Group Limited (Registered number: 04224169) |
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Notes to the Financial Statements - continued |
for the year ended 31 August 2017 |
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4. | TANGIBLE FIXED ASSETS - continued |
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Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows: |
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Totals |
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Cost |
At 1 September 2016 | 84,081 |
Additions | 11,026 |
Disposals | (95,107 | ) |
At 31 August 2017 | - |
Depreciation |
At 1 September 2016 | 36,295 |
Charge for year | 11,169 |
Eliminated on disposal | (47,464 | ) |
At 31 August 2017 | - |
Net book value |
At 31 August 2017 | - |
At 31 August 2016 | 47,786 |
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5. | FIXED ASSET INVESTMENTS |
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Information on investments other than loans is as follows: |
Totals |
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Cost |
At 1 September 2016 |
and 31 August 2017 | 4,680,000 |
Provisions |
At 1 September 2016 |
and 31 August 2017 | 3,953,106 |
Net book value |
At 31 August 2017 | 726,894 |
At 31 August 2016 | 726,894 |
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6. | CONTINGENT LIABILITIES |
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The company is included within the group VAT registration scheme, which incorporates certain group |
companies. As such the company is jointly and severally liable for the amounts owed by the companies at the |
balance sheet date. |
Equinox Group Limited (Registered number: 04224169) |
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Notes to the Financial Statements - continued |
for the year ended 31 August 2017 |
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7. | RELATED PARTY DISCLOSURES |
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The company is the holding company of a group containing Davmay 5 Limited, Equinox Maintenance Limited, |
Equinox Computer Maintenance Limited and Realservers Limited. |
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Mr A D Hunt and Mr A R Hunt are directors of the group companies and are 90.6% shareholders of Equinox |
Group Limited. |
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During the year, all of the tangible fixed assets were transferred to Equinox Maintenance Limited and the |
company ceased trading. |