Company Registration No. 08367278 (England and Wales)
Equilibrium Risk Ltd
Unaudited accounts
for the year ended 31 March 2017
Equilibrium Risk Ltd
Unaudited accounts
Contents
Equilibrium Risk Ltd
Company Information
for the year ended 31 March 2017
Directors
Mr J Donaldson
Mr L Appleby
Company Number
08367278 (England and Wales)
Registered Office
ASPLEY BUSINESS PARK
7 LINCOLN STREET
HUDDERSFIELD
WEST YORKSHIRE
HD1 6RX
ENGLAND
Accountants
CLARITY ACCOUNTANCY LTD
6 ELLAND ROAD
RIPPONDEN
SOWERBY BRIDGE
HX6 4DB
Equilibrium Risk Ltd
Statement of financial position
as at
31 March 2017
Tangible assets
1,850
2,046
Cash at bank and in hand
1,698
7,102
Creditors: amounts falling due within one year
(21,986)
(18,113)
Net current liabilities
(16,684)
(998)
Total assets less current liabilities
(14,834)
1,048
Provisions for liabilities
Net (liabilities)/assets
(15,185)
639
Called up share capital
200
200
Profit and loss account
(15,385)
439
Shareholders' funds
(15,185)
639
For the year ending 31 March 2017 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 1 June 2017.
Mr J Donaldson
Director
Company Registration No. 08367278
Equilibrium Risk Ltd
Notes to the Accounts
for the year ended 31 March 2017
Equilibrium Risk Ltd is a private company, limited by shares, registered in England and Wales, registration number 08367278. The registered office is ASPLEY BUSINESS PARK, 7 LINCOLN STREET, HUDDERSFIELD, WEST YORKSHIRE, HD1 6RX, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% on Cost
Computer equipment
20% on cost
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2016
1,312
1,356
2,668
At 31 March 2017
1,312
1,778
3,090
At 1 April 2016
306
316
622
Charge for the year
262
356
618
At 31 March 2017
568
672
1,240
At 31 March 2017
744
1,106
1,850
At 31 March 2016
1,006
1,040
2,046
Equilibrium Risk Ltd
Notes to the Accounts
for the year ended 31 March 2017
Trade debtors
2,724
8,669
Accrued income and prepayments
880
1,344
6
Creditors: amounts falling due within one year
2017
2016
Bank loans and overdrafts
16,068
-
Trade creditors
3,189
6,704
Taxes and social security
3,160
6,016
Loans from directors
(1,816)
4,544
7
Deferred taxation
2017
2016
Accelerated capital allowances
351
409
Provision at start of year
409
409
Credited to the profit and loss account
(58)
-
Provision at end of year
351
409
8
Share capital
2017
2016
Allotted, called up and fully paid:
102 Ordinary A shares of £1 each
102
102
60 Ordinary B Shares of £1 each
60
60
20 Ordinary C Shares of £1 each
20
20
18 Ordinary D Shares of £1 each
18
18
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan repayable on demand
-
1,980
-
1,980
Equilibrium Risk Ltd
Notes to the Accounts
for the year ended 31 March 2017
10
Transactions with related parties
Mr L R Appleby
Amount due to related party at the balance sheet date £164.00.
11
Average number of employees
During the year the average number of employees was 2 (2016: 2).