Company Registration No. 07074063 (England and Wales)
EQUILIBRIUM 4 LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
30 MARCH 2017
PAGES FOR FILING WITH REGISTRAR
3 Acorn Business Centre
Northarbour Road
Cosham
Portsmouth
United Kingdom
PO6 3TH
EQUILIBRIUM 4 LIMITED
CONTENTS
Page
Company information
1
Balance sheet
2
Notes to the financial statements
3 - 4
EQUILIBRIUM 4 LIMITED
BALANCE SHEET
AS AT
30 MARCH 2017
30 March 2017
- 2 -
2017
2016
Notes
£
£
£
£
Current assets
Debtors
3
-
217
Cash at bank and in hand
869
152
869
369
Creditors: amounts falling due within one year
4
(123,481)
(22,877)
Net current liabilities
(122,612)
(22,508)
Capital and reserves
Called up share capital
5
200
200
Profit and loss reserves
(122,812)
(22,708)
Total equity
(122,612)
(22,508)
The director of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial period ended 30 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
T
he director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
T
he member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and signed by the director and authorised for issue on 16 March 2018
Mr. J McLaughlin
Director
Company Registration No. 07074063
The notes on pages 3 to 4 form part of these financial statements
EQUILIBRIUM 4 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 MARCH 2017
- 3 -
1
Accounting policies
Company information
Equilibrium 4 Limited
(07074063)
is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
3 Acorn Business Centre, Northarbour Road, Cosham, Portsmouth, Hampshire, United Kingdom, PO6 3TH.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
These financial statements for the period ended 30 March 2017
are the
first
financial statements of Equilibrium 4 Limited prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of transition to FRS 102 was 1 December 2014. The reported financial position and financial performance for the previous period are not affected by the transition to FRS 102.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business
, and
is shown net of VAT and other sales related taxes
.
1.3
Cash at bank and in hand
Cash at bank and in hand
are basic financial assets
and
include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.4
Financial instruments
The company only has basic financial instruments such as trade debtors, trade creditors and cash at bank.
1.5
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense
.
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was 2 (2016 - 0).
EQUILIBRIUM 4 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 MARCH 2017
- 4 -
3
Debtors
2017
2016
Amounts falling due within one year:
£
£
Other debtors
-
217
4
Creditors: amounts falling due within one year
2017
2016
£
£
Trade creditors
-
1,180
Other taxation and social security
3,059
-
Other creditors
119,322
21,197
Accruals and deferred income
1,100
500
123,481
22,877
5
Called up share capital
2017
2016
£
£
Ordinary share capital
Issued and fully paid
200 Ordinary shares of £1 each
200
200
200
200