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Company Registration No. 13911031 (England and Wales)
Converge Ltd Unaudited accounts for the period from 11 February 2022 to 28 February 2023
Converge Ltd Unaudited accounts Contents
Page
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Converge Ltd Company Information for the period from 11 February 2022 to 28 February 2023
Directors
Jerome Billiet Thomas Holvoet Jan-Henrik Lambrechts
Secretary
Jerome Billiet
Company Number
13911031 (England and Wales)
Registered Office
DALTON HOUSE 60 WINDSOR ROAD MERTON ABBEY LONDON GREATER LONDON SW19 2RR UNITED KINGDOM
Accountants
Sleek Accounting Ltd 107 Kirkgate Leeds West Yorkshire LS1 6DP
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Converge Ltd Statement of financial position as at 28 February 2023
2023 
Notes
£ 
Fixed assets
Tangible assets
2,478 
Current assets
Debtors
41,466 
Cash at bank and in hand
154,816 
196,282 
Creditors: amounts falling due within one year
(8,060)
Net current assets
188,222 
Total assets less current liabilities
190,700 
Creditors: amounts falling due after more than one year
(326,916)
Net liabilities
(136,216)
Capital and reserves
Called up share capital
100 
Profit and loss account
(136,316)
Shareholders' funds
(136,216)
For the period ending 28 February 2023 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.
The financial statements were approved by the Board of Directors and authorised for issue on 2 November 2023 and were signed on its behalf by
Jerome Billiet Director Company Registration No. 13911031
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Converge Ltd Notes to the Accounts for the period from 11 February 2022 to 28 February 2023
1
Statutory information
Converge Ltd is a private company, limited by shares, registered in England and Wales, registration number 13911031. The registered office is DALTON HOUSE 60 WINDSOR ROAD, MERTON ABBEY, LONDON, GREATER LONDON, SW19 2RR, UNITED KINGDOM.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
33.33% Straight line method
Computer equipment
33.33% Straight line method
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 11 February 2022
- 
- 
- 
Additions
317 
2,584 
2,901 
At 28 February 2023
317 
2,584 
2,901 
Depreciation
Charge for the period
53 
370 
423 
At 28 February 2023
53 
370 
423 
Net book value
At 28 February 2023
264 
2,214 
2,478 
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Converge Ltd Notes to the Accounts for the period from 11 February 2022 to 28 February 2023
5
Debtors
2023 
£ 
Amounts falling due within one year
VAT
2,113 
Deferred tax asset
32,134 
Other debtors
7,219 
41,466 
6
Creditors: amounts falling due within one year
2023 
£ 
Taxes and social security
5,060 
Accruals
3,000 
8,060 
7
Creditors: amounts falling due after more than one year
2023 
£ 
Amounts owed to group undertakings and other participating interests
326,916 
8
Share capital
2023 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
9
Controlling party
The ultimate controlling party of the company is Converge Technologies, a company incorporated in Cayman Islands. Converge Technologies place of business and registered office is: 23, Lime Tree Bay Avenue, Seven Mile Beach, Grand Cayman, Cayman Islands, KY1-1203
10
Average number of employees
During the period the average number of employees was 2.
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