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REGISTERED NUMBER: 11162116 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Ergo Environmental Ltd

Ergo Environmental Ltd (Registered number: 11162116)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Ergo Environmental Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTOR: Mr J Nairn





REGISTERED OFFICE: Unit 38B, North Tyne Industrial Estate
Whitley Road
Benton
Newcastle upon Tyne
Tyne and Wear
NE12 9SZ





REGISTERED NUMBER: 11162116 (England and Wales)





ACCOUNTANTS: Evelyn Partners
17 Queens Lane
Newcastle upon Tyne
Tyne and Wear
NE1 1RN

Ergo Environmental Ltd (Registered number: 11162116)

Balance Sheet
31 January 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 62,591 31,666

CURRENT ASSETS
Debtors 6 330,599 273,065
Cash at bank and in hand 97,744 178,862
428,343 451,927
CREDITORS
Amounts falling due within one year 7 (145,474 ) (164,492 )
NET CURRENT ASSETS 282,869 287,435
TOTAL ASSETS LESS CURRENT
LIABILITIES

345,460

319,101

PROVISIONS FOR LIABILITIES (13,464 ) (5,153 )
NET ASSETS 331,996 313,948

CAPITAL AND RESERVES
Called up share capital 150 149
Profit and loss account 331,846 313,799
SHAREHOLDERS' FUNDS 331,996 313,948

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 October 2024 and were signed by:





Mr J Nairn - Director


Ergo Environmental Ltd (Registered number: 11162116)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Ergo Environmental Ltd 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 and represents amounts receivable from consultancy services, stated net of discounts and of value added tax.

The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the company.

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 and 25% on reducing balance

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Impairment of assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments on non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.

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 and other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Current and deferred tax assets and liabilities are not discounted.

Ergo Environmental Ltd (Registered number: 11162116)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

3. ACCOUNTING POLICIES - continued

Leasing
Assets acquired under finance leases are capitalised and depreciated in the same manner as tangible fixed assets. The related obligations, net of future finance charges are included in creditors.

Employee benefits
Short term employee benefits, including contributions to defined contribution plans are recognised as an expense in the period in which they are incurred.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 7 ) .

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2023 4,548 59,470 64,018
Additions - 48,521 48,521
At 31 January 2024 4,548 107,991 112,539
DEPRECIATION
At 1 February 2023 - 32,352 32,352
Charge for year 91 17,505 17,596
At 31 January 2024 91 49,857 49,948
NET BOOK VALUE
At 31 January 2024 4,457 58,134 62,591
At 31 January 2023 4,548 27,118 31,666

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 192,676 221,792
Amounts owed by group undertakings 100,001 -
Other debtors 37,922 51,273
330,599 273,065

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 35
Hire purchase contracts - 334
Trade creditors 86,119 105,542
Taxation and social security 46,110 48,432
Other creditors 13,245 10,149
145,474 164,492

8. ULTIMATE CONTROLLING PARTY

The company's ultimate controlling party is Ergo Holdings Limited, a company incorporated in England and Wales, and owner of the entire issued share capital of the company.