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REGISTERED NUMBER: 10366579 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 September 2023

for

Converge Engineering Limited

Converge Engineering Limited (Registered number: 10366579)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Converge Engineering Limited

Company Information
for the Year Ended 30 September 2023







DIRECTOR: S M Critchley





REGISTERED OFFICE: Military House
24 Castle Street
Chester
CH1 2DS





REGISTERED NUMBER: 10366579 (England and Wales)





ACCOUNTANTS: Haines Watts
Military House
24 Castle Street
Chester
Cheshire
CH1 2DS

Converge Engineering Limited (Registered number: 10366579)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 783 -

CURRENT ASSETS
Debtors 5 19,797 31,784
Cash at bank 722 2,144
20,519 33,928
CREDITORS
Amounts falling due within one year 6 21,146 33,841
NET CURRENT (LIABILITIES)/ASSETS (627 ) 87
TOTAL ASSETS LESS CURRENT
LIABILITIES

156

87

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 155 86
SHAREHOLDERS' FUNDS 156 87

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 March 2024 and were signed by:





S M Critchley - Director


Converge Engineering Limited (Registered number: 10366579)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Converge Engineering Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in sterling, which is the functional currency of the company, rounded to the nearest £1.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Converge Engineering Limited (Registered number: 10366579)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022 2,444
Additions 1,168
At 30 September 2023 3,612
DEPRECIATION
At 1 October 2022 2,444
Charge for year 385
At 30 September 2023 2,829
NET BOOK VALUE
At 30 September 2023 783

5. DEBTORS
30.9.23 30.9.22
£    £   
Amounts falling due within one year:
Trade debtors 3,746 30,058
Other debtors 16,051 155
19,797 30,213

Amounts falling due after more than one year:
Other debtors - 1,571

Aggregate amounts 19,797 31,784

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade creditors - 18,000
Taxation and social security 19,513 14,208
Other creditors 1,633 1,633
21,146 33,841

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £58,000 (2022 - £51,400) were paid to the director .

As at 30th September 2023 a director of the company owed £12,040 (2022: £155) to the company in respect of an interest free loan, which is repayable on demand.