IRIS Accounts Production v24.3.2.46 13410046 Board of Directors 1.6.23 31.5.24 31.5.24 0 0 false true false false false true false Ordinary 0.01000 0.01000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh134100462023-05-31134100462024-05-31134100462023-06-012024-05-31134100462022-05-31134100462022-06-012023-05-31134100462023-05-3113410046ns15:EnglandWales2023-06-012024-05-3113410046ns14:PoundSterling2023-06-012024-05-3113410046ns10:Director12023-06-012024-05-3113410046ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3113410046ns10:SmallEntities2023-06-012024-05-3113410046ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3113410046ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3113410046ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3113410046ns10:FullAccounts2023-06-012024-05-311341004612023-06-012024-05-3113410046ns10:OrdinaryShareClass12023-06-012024-05-31134100461ns10:OrdinaryShareClass12023-06-012024-05-3113410046ns10:Director22023-06-012024-05-3113410046ns10:RegisteredOffice2023-06-012024-05-3113410046ns5:CurrentFinancialInstruments2024-05-3113410046ns5:CurrentFinancialInstruments2023-05-3113410046ns5:ShareCapital2024-05-3113410046ns5:ShareCapital2023-05-3113410046ns5:SharePremium2024-05-3113410046ns5:SharePremium2023-05-3113410046ns5:RetainedEarningsAccumulatedLosses2024-05-3113410046ns5:RetainedEarningsAccumulatedLosses2023-05-3113410046ns5:IntangibleAssetsOtherThanGoodwill2023-06-012024-05-3113410046ns5:PatentsTrademarksLicencesConcessionsSimilar2023-06-012024-05-3113410046ns5:IntangibleAssetsOtherThanGoodwill2024-05-3113410046ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3113410046ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-3113410046ns10:OrdinaryShareClass12024-05-31
REGISTERED NUMBER: 13410046 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Ergopak Ltd

Ergopak Ltd (Registered number: 13410046)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Ergopak Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Dr H B Scott
C P G Scott





REGISTERED OFFICE: 22 Oakington Road
London
W9 2DH





REGISTERED NUMBER: 13410046 (England and Wales)





ACCOUNTANTS: APT
44 The Pantiles
Tunbridge Wells
Kent
TN2 5TN

Ergopak Ltd (Registered number: 13410046)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 17,506 -

CURRENT ASSETS
Debtors 5 - 978
Cash at bank 10,894 953
10,894 1,931
CREDITORS
Amounts falling due within one year 6 57,329 20,768
NET CURRENT LIABILITIES (46,435 ) (18,837 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(28,929

)

(18,837

)

CAPITAL AND RESERVES
Called up share capital 7 4,000 1
Share premium 9,980 -
Retained earnings (42,909 ) (18,838 )
SHAREHOLDERS' FUNDS (28,929 ) (18,837 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 January 2025 and were signed on its behalf by:



Dr H B Scott - Director


Ergopak Ltd (Registered number: 13410046)

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


1. STATUTORY INFORMATION

Ergopak 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.

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.

The functional and presentational currency of the company is pounds sterling. Monetary amounts in these financial statements are rounded to the nearest £1, except where otherwise indicated.

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.

Patents and licences are being amortised evenly over their estimated useful life of twenty years.

Amortisation will commence once the Patent commences being exploited.

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.

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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


3. EMPLOYEES AND DIRECTORS

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

Ergopak Ltd (Registered number: 13410046)

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


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 17,506
At 31 May 2024 17,506
NET BOOK VALUE
At 31 May 2024 17,506

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors - 978

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other creditors 57,329 20,768

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
400,000 Ordinary 0.01 4,000 1

399,900 Ordinary shares of 0.01 each were allotted and fully paid for cash at par during the year.

During the period the company split its existing issued share capital of 1 Ordinary Share of £1 into 100 Ordinary Shares of 1p.
397,900 shares of 1p were issued at par to the company's existing shareholder.
A further 2,000 shares were issued at a premium of £4.99 per share under the SEIS scheme

8. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed its directors £51,989 (2023: £15,549). This loan is interest free and is repayable on demand.

A further £3,000 is owed to parties connected to a director. (2023 - £3,000). This amount is also interest free and repayable on demand.

9. GOING CONCERN

Current liabilities exceed current assets, however, after reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.