Company Registration No. 13911031 (England and Wales)
Converge Ltd
Unaudited accounts
for the year ended 29 February 2024
Converge Ltd
Unaudited accounts
Contents
Converge Ltd
Company Information
for the year ended 29 February 2024
Directors
Jerome Billiet
Thomas Holvoet
Jan-Henrik Lambrechts
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
Converge Ltd
Statement of financial position
as at 29 February 2024
Tangible assets
15,897
2,478
Cash at bank and in hand
109,450
154,816
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)
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
Converge Ltd
Notes to the Accounts
for the year ended 29 February 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
At 29 February 2024
317
17,464
17,781
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
At 29 February 2024
159
15,738
15,897
At 28 February 2023
264
2,214
2,478
Converge Ltd
Notes to the Accounts
for the year ended 29 February 2024
Amounts falling due within one year
Deferred tax asset
27,663
32,134
Accrued income and prepayments
23,358
-
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
-
5,060
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
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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
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Average number of employees
During the year the average number of employees was 3 (2023: 2).