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Company Registration No. 13911031 (England and Wales)
Converge Ltd Unaudited accounts for the year ended 29 February 2024
Converge Ltd Unaudited accounts Contents
Page
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Converge Ltd Company Information for the year ended 29 February 2024
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 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
15,897 
2,478 
Current assets
Debtors
91,319 
41,466 
Cash at bank and in hand
109,450 
154,816 
200,769 
196,282 
Creditors: amounts falling due within one year
(25,267)
(8,060)
Net current assets
175,502 
188,222 
Total assets less current liabilities
191,399 
190,700 
Creditors: amounts falling due after more than one year
(311,535)
(326,916)
Net liabilities
(120,136)
(136,216)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(120,236)
(136,316)
Shareholders' funds
(120,136)
(136,216)
For the year ending 29 February 2024 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 14 November 2024 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 year ended 29 February 2024
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 remained unchanged from the previous year, and also 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 1 March 2023
317 
2,584 
2,901 
Additions
- 
14,880 
14,880 
At 29 February 2024
317 
17,464 
17,781 
Depreciation
At 1 March 2023
53 
370 
423 
Charge for the year
105 
1,356 
1,461 
At 29 February 2024
158 
1,726 
1,884 
Net book value
At 29 February 2024
159 
15,738 
15,897 
At 28 February 2023
264 
2,214 
2,478 
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Converge Ltd Notes to the Accounts for the year ended 29 February 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
7,162 
2,113 
Trade debtors
24,362 
- 
Deferred tax asset
27,663 
32,134 
Accrued income and prepayments
23,358 
- 
Other debtors
8,774 
7,219 
91,319 
41,466 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
24,767 
- 
Taxes and social security
- 
5,060 
Accruals
500 
3,000 
25,267 
8,060 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Amounts owed to group undertakings and other participating interests
311,535 
326,916 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
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 year the average number of employees was 3 (2023: 2).
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