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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 1 APRIL 2019 |
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EQUITACK LTD |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 1 APRIL 2019 |
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FOR |
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EQUITACK LTD |
EQUITACK LTD (REGISTERED NUMBER: 10497506) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 1 APRIL 2019 |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 3 |
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EQUITACK LTD |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 1 APRIL 2019 |
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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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Bailey House |
4-10 Barttelot Road |
Horsham |
West Sussex |
RH12 1DQ |
EQUITACK LTD (REGISTERED NUMBER: 10497506) |
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STATEMENT OF FINANCIAL POSITION |
1 APRIL 2019 |
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1.4.19 | 1.4.18 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
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Investments | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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( |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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The directors acknowledge their responsibilities for: |
(a) |
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. |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
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The financial statements were approved by the Board of Directors on
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EQUITACK LTD (REGISTERED NUMBER: 10497506) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 1 APRIL 2019 |
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1. | ACCOUNTING POLICIES |
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Basis of preparing the 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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Plant and machinery | - |
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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
lease. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
scheme are charged to profit or loss in the period to which they relate. |
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Going concern |
The company has spent significant time and resources establishing itself in the marketplace during this trading |
period. It will continue to be supported by Groupe Voltaire SAS, its parent company, for the foreseeable future. |
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2. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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3. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
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COST |
At 2 April 2018 |
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Additions |
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At 1 April 2019 |
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DEPRECIATION |
At 2 April 2018 |
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Charge for year |
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At 1 April 2019 |
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NET BOOK VALUE |
At 1 April 2019 |
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At 1 April 2018 |
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EQUITACK LTD (REGISTERED NUMBER: 10497506) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 1 APRIL 2019 |
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4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
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COST |
Additions |
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At 1 April 2019 |
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NET BOOK VALUE |
At 1 April 2019 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
1.4.19 | 1.4.18 |
£ | £ |
Other debtors |
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VAT |
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Prepayments |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
1.4.19 | 1.4.18 |
£ | £ |
Payments on account | ( |
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Trade creditors |
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Amounts owed to group undertakings |
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Social security and other taxes |
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Other creditors |
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Accrued expenses |
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7. | RELATED PARTY DISCLOSURES |
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Equitack Limited is a subsidiary of Groupe Voltaire SAS. |
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During the trading period Equitack invoiced Groupe Voltaire £923,315. |
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Equitack received funds of £1,668,993 during the period on Groupe Voltaires' behalf. |
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During the period Groupe Voltaire invoiced Equitack £99,492 for management charges and equipment, Groupe |
Voltaire also paid £197,189 on the Company's behalf. |
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At the period end £361,222 was owed from Equitack Ltd to Groupe Voltaire SAS |
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Equitack Isle of Man is a registered company and subsidiary of Equitack Ltd. |
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During the trading period Equitack paid £3,249 on the Company's behalf and received funds of £3,843 on |
Equitack Isle of Man's behalf. |
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At the period end £596 was owed from Equitack Limited to Equitack Isle of Man. |
EQUITACK LTD (REGISTERED NUMBER: 10497506) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 1 APRIL 2019 |
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8. | ULTIMATE CONTROLLING PARTY |
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The controlling party is B Goguet. |