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REGISTERED NUMBER: 13875190 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Ega Energy Ltd

Ega Energy Ltd (Registered number: 13875190)






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




Page

Chartered Accountants' Report 1

Balance Sheet 2


Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Ega Energy Ltd

The following reproduces the text of the report prepared for the director 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 is 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 Ega Energy Ltd for the year ended 31 January 2024 which comprise the Income Statement, 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 director of Ega Energy Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ega Energy Ltd and state those matters that we have agreed to state to the director of Ega Energy Ltd 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 Ega Energy Ltd and its director for our work or for this report.

It is your duty to ensure that Ega Energy Ltd 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 loss of Ega Energy Ltd. You consider that Ega Energy Ltd 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 Ega Energy Ltd. 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.






Peter Weldon & Co. Ltd
87 Station Road
Ashington
Northumberland
NE63 8RS


11 March 2025

Ega Energy Ltd (Registered number: 13875190)

Balance Sheet
31 January 2024

2024 2023
£    £    £    £   
FIXED ASSETS 13,357 7,685

CURRENT ASSETS 842,467 907,382

CREDITORS
Amounts falling due within one year (1,099,691 ) (957,343 )
NET CURRENT LIABILITIES (257,224 ) (49,961 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(243,867

)

(42,276

)

CAPITAL AND RESERVES (243,867 ) (42,276 )

NOTES TO THE FINANCIAL STATEMENTS

1. STATUTORY INFORMATION

Ega Energy Ltd 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: 13875190

Registered office: 87 Station Road
Ashington
United Kingdom
NE63 8RS

Ega Energy Ltd (Registered number: 13875190)

Balance Sheet - continued
31 January 2024

NOTES TO THE FINANCIAL STATEMENTS

2. GOING CONCERN

The financial statements have been prepared on a going concern basis, as the director has an expectation that the Company has adequate resources to continue in operational existence for the foreseeable future.

There is however inherent uncertainties in relation to a significant contract which may cast doubt on the Company's ability to continue as a going concern.


Work in progress

Stocks are valued at the lower of cost and net realisable value.

There is work in progress in the financial statements valued at cost of £478,510 of which £420,010 is where there is uncertainty over the net realisable value. The director is looking at alternative locations for installation of the equipment, although due to the nature of the equipment there has been nothing suitable at present.

3. AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 4 (2023 - 1 ) .

4. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 January 2024 and the period ended 31 January 2023:

2024 2023
£    £   
G Coulson
Balance outstanding at start of year 152,278 -
Amounts advanced 62,756 152,278
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 215,034 152,278



Ega Energy Ltd (Registered number: 13875190)

Balance Sheet - continued
31 January 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 11 March 2025 and were signed by:





G Coulson - Director