Registered number
08024351
ERGO SUM AGENCY LIMITED
Filleted Accounts
31 March 2023
ERGO SUM AGENCY LIMITED
Registered number: 08024351
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 713 891
Current assets
Debtors 4 776 2,587
Cash at bank and in hand 18,330 16,796
19,106 19,383
Creditors: amounts falling due within one year 5 (26,081) (24,306)
Net current liabilities (6,975) (4,923)
Net liabilities (6,262) (4,032)
Capital and reserves
Called up share capital 90 90
Profit and loss account (6,352) (4,122)
Shareholders' funds (6,262) (4,032)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Emanuele Basile
Director
Approved by the board on 30 September 2023
ERGO SUM AGENCY LIMITED
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2022 2,638
At 31 March 2023 2,638
Depreciation
At 1 April 2022 1,747
Charge for the year 178
At 31 March 2023 1,925
Net book value
At 31 March 2023 713
At 31 March 2022 891
4 Debtors 2023 2022
£ £
Trade debtors - 2,587
Corporation tax recoverable 482 -
Other debtors 294 -
776 2,587
5 Creditors: amounts falling due within one year 2023 2022
£ £
Directors' Loan Account 25,266 23,706
Other creditors 815 600
26,081 24,306
6 Other information
ERGO SUM AGENCY LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
197a Upper Chorlton Road
Manchester
M16 0BH
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