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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 1 APRIL 2021 |
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EQUITACK LTD |
REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 1 APRIL 2021 |
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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 2021 |
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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 | 4 |
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EQUITACK LTD |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 1 APRIL 2021 |
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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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First Floor |
Ridgeland House |
15 Carfax |
Horsham |
West Sussex |
RH12 1DY |
EQUITACK LTD (REGISTERED NUMBER: 10497506) |
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STATEMENT OF FINANCIAL POSITION |
1 APRIL 2021 |
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1.4.21 | 1.4.20 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
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Investments | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors | 5 |
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Cash at bank and in hand |
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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. |
EQUITACK LTD (REGISTERED NUMBER: 10497506) |
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STATEMENT OF FINANCIAL POSITION - continued |
1 APRIL 2021 |
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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 and authorised for issue 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 2021 |
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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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Computer equipment | - |
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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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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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EQUITACK LTD (REGISTERED NUMBER: 10497506) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 1 APRIL 2021 |
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3. | TANGIBLE FIXED ASSETS |
Plant and | Computer |
machinery | equipment | Totals |
£ | £ | £ |
COST |
At 2 April 2020 |
and 1 April 2021 |
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DEPRECIATION |
At 2 April 2020 |
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Charge for year |
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At 1 April 2021 |
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NET BOOK VALUE |
At 1 April 2021 |
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At 1 April 2020 |
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4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 2 April 2020 |
and 1 April 2021 |
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NET BOOK VALUE |
At 1 April 2021 |
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At 1 April 2020 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
1.4.21 | 1.4.20 |
£ | £ |
Trade debtors |
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Payments in Advance | 9,570 | 47,826 |
VAT |
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Prepayments and accrued income |
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Prepayments |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
1.4.21 | 1.4.20 |
£ | £ |
Payments on account |
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Trade creditors |
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Amounts owed to group undertakings |
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VAT | - | 35,536 |
Accrued expenses |
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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 2021 |
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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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Equitack purchased goods totalling £949,428 and was charged management fees of £178,232 during the year from Group Voltaire SAS of which £1,016,957 is outstanding at the year end. |
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At the year end £1,276,647 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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At the period end £5,458 was owed from Equitack Limited to Equitack Isle of Man. |
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8. | ULTIMATE CONTROLLING PARTY |
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The controlling party is B Goguet. |