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REGISTERED NUMBER: 11978625 (England and Wales)











AMERGE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






AMERGE LIMITED (REGISTERED NUMBER: 11978625)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4

Chartered accountants' report 7

AMERGE LIMITED

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTORS: A G Doyle
J Doyle
W J Fisher
V Dmitriev
N P Thain





REGISTERED OFFICE: 44 Kingsway
Petts Wood
Orpington
Kent
BR5 1PS





REGISTERED NUMBER: 11978625 (England and Wales)





ACCOUNTANTS: Berringers LLP
Chartered Accountants
Lygon House
50 London Road
Bromley
Kent
BR1 3RA

AMERGE LIMITED (REGISTERED NUMBER: 11978625)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,636 9,729
Investments 5 61,939 61,939
68,575 71,668

CURRENT ASSETS
Debtors 6 2,781,297 1,302,788
Cash at bank 324,294 324,787
3,105,591 1,627,575
CREDITORS
Amounts falling due within one year 7 2,838,111 1,405,582
NET CURRENT ASSETS 267,480 221,993
TOTAL ASSETS LESS CURRENT
LIABILITIES

336,055

293,661

CREDITORS
Amounts falling due after more than one
year

8

317,312

288,183
NET ASSETS 18,743 5,478

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 17,743 4,478
18,743 5,478

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

AMERGE LIMITED (REGISTERED NUMBER: 11978625)

BALANCE SHEET - continued
31 March 2024


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 31 January 2025 and were signed on its behalf by:





J Doyle - Director


AMERGE LIMITED (REGISTERED NUMBER: 11978625)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Amerge Limited 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. 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.

Preparation of consolidated financial statements
The financial statements contain information about Amerge Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 20% on cost

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

Taxation
Taxation for the year comprises current 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 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.

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.

Going concern
After reviewing 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. Thus they continue to adopt the going concern basis of accounting in preparing its annual financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

AMERGE LIMITED (REGISTERED NUMBER: 11978625)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 283 15,180 15,463
DEPRECIATION
At 1 April 2023 113 5,621 5,734
Charge for year 57 3,036 3,093
At 31 March 2024 170 8,657 8,827
NET BOOK VALUE
At 31 March 2024 113 6,523 6,636
At 31 March 2023 170 9,559 9,729

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 61,939
NET BOOK VALUE
At 31 March 2024 61,939
At 31 March 2023 61,939

Amerge Ltd has the following 100% owned subsidiaries: Amerge GmbH, incorporated in Germany, Amerge SRL, incorporated in Costa Rica, Amerge SRO, incorporated in Slovakia, and Amerge LLC, incorporated in the United States.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,805,844 730,654
Amounts owed by group undertakings 497,220 340,878
Other debtors 478,233 231,256
2,781,297 1,302,788

AMERGE LIMITED (REGISTERED NUMBER: 11978625)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 105,811 75,455
Trade creditors 1,608,533 497,329
Taxation and social security 23,163 42,529
Other creditors 1,100,604 790,269
2,838,111 1,405,582

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 317,312 288,183

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 11,364

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 423,123 363,638

The bank loans are secured by fixed and floating charges over all the assets of the company.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
AMERGE LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance sheet. Readers are cautioned that the Income statement and certain other primary statements and the Report of the directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Amerge Limited for the year ended 31 March 2024 which comprise the Statement of income and retained earnings, Balance sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Amerge Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Amerge Limited and state those matters that we have agreed to state to the Board of Directors of Amerge Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Amerge Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Amerge Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Amerge Limited. You consider that Amerge Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Amerge Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Berringers LLP
Chartered Accountants
Lygon House
50 London Road
Bromley
Kent
BR1 3RA


31 January 2025