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REGISTERED NUMBER: 04932371 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 31st October 2023

for

Ego Technology Limited

Ego Technology Limited (Registered number: 04932371)






Contents of the Financial Statements
for the Year Ended 31st October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ego Technology Limited

Company Information
for the Year Ended 31st October 2023







DIRECTORS: Mrs M Austin
Mr I C Austin





SECRETARY: Mrs M Austin





REGISTERED OFFICE: C1 Third Avenue
Centrum 100
Burton on Trent
Staffordshire
DE14 2WD





REGISTERED NUMBER: 04932371 (England and Wales)





ACCOUNTANTS: Rice & Co Limited
Chartered Accountants
14a Market Place
Uttoxeter
Staffordshire
ST14 8HP

Ego Technology Limited (Registered number: 04932371)

Balance Sheet
31st October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,014 19,861

CURRENT ASSETS
Debtors 5 22,104 26,660
Cash at bank and in hand 219,664 296,127
241,768 322,787
CREDITORS
Amounts falling due within one year 6 102,240 106,307
NET CURRENT ASSETS 139,528 216,480
TOTAL ASSETS LESS CURRENT
LIABILITIES

158,542

236,341

CREDITORS
Amounts falling due after more than one
year

7

(33,425

)

(41,263

)

PROVISIONS FOR LIABILITIES (5,039 ) (3,774 )
NET ASSETS 120,078 191,304

CAPITAL AND RESERVES
Called up share capital 100 1
Retained earnings 119,978 191,303
SHAREHOLDERS' FUNDS 120,078 191,304

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2023 in accordance with Section 476 of the Companies Act 2006.

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.

Ego Technology Limited (Registered number: 04932371)

Balance Sheet - continued
31st October 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10th April 2024 and were signed on its behalf by:





Mr I C Austin - Director


Ego Technology Limited (Registered number: 04932371)

Notes to the Financial Statements
for the Year Ended 31st October 2023

1. STATUTORY INFORMATION

Ego Technology 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts and value added tax. Turnover is recognised when services have been provided resulting in the company obtaining the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on reducing balance

Government grants
Grants relating to revenue are recognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


Ego Technology Limited (Registered number: 04932371)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 20 (2022 - 18 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st November 2022 19,856 3,245 10,570 12,348 46,019
Additions 4,050 - - - 4,050
At 31st October 2023 23,906 3,245 10,570 12,348 50,069
DEPRECIATION
At 1st November 2022 8,003 1,155 9,151 7,849 26,158
Charge for year 2,710 418 284 1,485 4,897
At 31st October 2023 10,713 1,573 9,435 9,334 31,055
NET BOOK VALUE
At 31st October 2023 13,193 1,672 1,135 3,014 19,014
At 31st October 2022 11,853 2,090 1,419 4,499 19,861


Ego Technology Limited (Registered number: 04932371)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 16,045 20,884
Other debtors 6,059 5,776
22,104 26,660

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,556 5,556
Hire purchase contracts (see note 8) 2,282 2,158
Trade creditors 31,706 18,679
Taxation and social security 45,622 73,163
Other creditors 17,074 6,751
102,240 106,307

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 31,019 36,575
Hire purchase contracts (see note 8) 2,406 4,688
33,425 41,263

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 8,796 14,352

Ego Technology Limited (Registered number: 04932371)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2023

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Gross obligations repayable:
Within one year 2,473 2,473
Between one and five years 2,473 4,946
4,946 7,419

Finance charges repayable:
Within one year 191 315
Between one and five years 67 258
258 573

Net obligations repayable:
Within one year 2,282 2,158
Between one and five years 2,406 4,688
4,688 6,846

Non-cancellable operating leases
2023 2022
£    £   
Within one year 53,198 47,810
Between one and five years 70,655 111,835
123,853 159,645