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REGISTERED NUMBER: 09452821 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

N-Ergise Limited

N-Ergise Limited (Registered number: 09452821)

Contents of the Financial Statements
for the Year Ended 29 February 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


N-Ergise Limited (Registered number: 09452821)

Balance Sheet
29 February 2024

2024 2023
Notes £ £
Fixed assets
Intangible assets 5 1,463 1,950
Tangible assets 6 169,404 216,525
Investments 7 100 100
170,967 218,575

Current assets
Stocks 187,334 130,307
Debtors 8 601,808 317,936
Cash at bank and in hand 241,696 553,861
1,030,838 1,002,104
Creditors
Amounts falling due within one year 9 (449,763 ) (391,024 )
Net current assets 581,075 611,080
Total assets less current liabilities 752,042 829,655

Creditors
Amounts falling due after more than
one year

10

(49,581

)

(69,620

)

Provisions for liabilities (57,233 ) (46,088 )
Net assets 645,228 713,947

N-Ergise Limited (Registered number: 09452821)

Balance Sheet - continued
29 February 2024

2024 2023
Notes £ £
Capital and reserves
Called up share capital 100 100
Retained earnings 645,128 713,847
645,228 713,947

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

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 Board of Directors and authorised for issue on 22 November 2024 and were signed on its behalf by:





Mr M A Norton - Director


N-Ergise Limited (Registered number: 09452821)

Notes to the Financial Statements
for the Year Ended 29 February 2024


1. Statutory information

N-Ergise Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09452821

Registered office: Waveney House
Morton Peto Road
Great Yarmouth
Norfolk
NR31 0LT

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.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

N-Ergise Limited (Registered number: 09452821)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


3. Accounting policies - continued

Tangible fixed assets
Tangible fixed assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Improvements to leasehold property - 5% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Equipment - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all cost of purchase, cost of conversion and other costs incurred in bringing the stock to its present location and condition.

N-Ergise Limited (Registered number: 09452821)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


3. Accounting policies - continued

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

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.


N-Ergise Limited (Registered number: 09452821)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


3. 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

4. Employees and directors

The average number of employees during the year was 9 (2023 - 11 ) .

N-Ergise Limited (Registered number: 09452821)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


5. Intangible fixed assets
Website and
software
costs
£
Cost
At 1 March 2023
and 29 February 2024 5,000
Amortisation
At 1 March 2023 3,050
Amortisation for year 487
At 29 February 2024 3,537
Net book value
At 29 February 2024 1,463
At 28 February 2023 1,950

6. Tangible fixed assets
Fixtures
Improvements Plant and and
to property machinery fittings
£ £ £
Cost
At 1 March 2023
and 29 February 2024 38,574 281,442 95,261
Depreciation
At 1 March 2023 3,528 258,652 52,148
Charge for year 1,752 5,697 10,778
At 29 February 2024 5,280 264,349 62,926
Net book value
At 29 February 2024 33,294 17,093 32,335
At 28 February 2023 35,046 22,790 43,113

N-Ergise Limited (Registered number: 09452821)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


6. Tangible fixed assets - continued

Motor Computer
vehicles equipment Totals
£ £ £
Cost
At 1 March 2023
and 29 February 2024 151,775 27,470 594,522
Depreciation
At 1 March 2023 45,167 18,502 377,997
Charge for year 26,652 2,242 47,121
At 29 February 2024 71,819 20,744 425,118
Net book value
At 29 February 2024 79,956 6,726 169,404
At 28 February 2023 106,608 8,968 216,525

7. Fixed asset investments
Shares in
group
undertakings
£
Cost
At 1 March 2023
and 29 February 2024 100
Net book value
At 29 February 2024 100
At 28 February 2023 100

8. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 241,852 262,911
Other debtors 359,956 55,025
601,808 317,936

N-Ergise Limited (Registered number: 09452821)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


9. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts - 7
Hire purchase contracts 20,039 20,039
Trade creditors 321,671 304,884
Amounts owed to group undertakings 100 100
Taxation and social security 9,494 34,095
Other creditors 98,459 31,899
449,763 391,024

10. Creditors: amounts falling due after more than one year
2024 2023
£ £
Hire purchase contracts 49,581 69,620

11. Secured debts

The following secured debts are included within creditors:

2024 2023
£ £
Hire purchase contracts 69,620 89,659

Hire Purchase contracts are secured on the assets to which they relate.

The company operates a debt financing scheme with Bibby Financial Services Ltd, there are fixed and floating charges over these debts.

12. Other financial commitments

Other lease commitments not presented elsewhere in these financial statements include total of £18,715 (2023 : £48,715) for lease of the company's premises (with £18,715 due within one year and £NIL due after more than one year).

13. Directors' advances, credits and guarantees

The balance owed to the company by the directors at the end of the year was £86,724 (2023 : £NIL). Interest of £1,909 (2023 : £2,047) was charged on this balance at rates as prescribed by HM Revenue & Customs.