REGISTERED NUMBER: 04932371 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st October 2024

for

Ego Technology Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs M Austin

Mr I C Austin

SECRETARY:

Mrs M Austin

REGISTERED OFFICE:

C1 Third Avenue

Centrum 100

Burton on Trent

Staffordshire

DE14 2WD

REGISTERED NUMBER:

04932371 (England and Wales)

ACCOUNTANTS:

Rice & Co Limited

Chartered Accountants

14a Market Place

Uttoxeter

Staffordshire

ST14 8HP

FIXED ASSETS

Tangible assets

4

14,819

19,014

CURRENT ASSETS

Debtors

5

16,638

22,104

Cash at bank and in hand

384,456

219,664

401,094

241,768

CREDITORS

Amounts falling due within one year

6

194,790

102,240

NET CURRENT ASSETS

206,304

139,528

TOTAL ASSETS LESS CURRENT LIABILITIES

221,123

158,542

CREDITORS

Amounts falling due after more than one year

7

(25,464

)

(33,425

)

PROVISIONS FOR LIABILITIES

(3,705

)

(5,039

)

NET ASSETS

191,954

120,078

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

191,854

119,978

SHAREHOLDERS' FUNDS

191,954

120,078

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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 3rd April 2025 and were signed on its behalf by:

Mr I C Austin - Director

1.	STATUTORY INFORMATION

Ego Technology 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts and value added tax. Turnover is recognised when services have been provided resulting in the company obtaining the right to consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

33% on reducing balance

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 20 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1st November 2023

23,906

3,245

10,570

12,348

50,069

Additions

-

2,177

-

-

2,177

Disposals

-

(2,177

)

-

-

(2,177

)

At 31st October 2024

23,906

3,245

10,570

12,348

50,069

DEPRECIATION

At 1st November 2023

10,713

1,573

9,435

9,334

31,055

Charge for year

2,639

552

227

995

4,413

Eliminated on disposal

-

(218

)

-

-

(218

)

At 31st October 2024

13,352

1,907

9,662

10,329

35,250

NET BOOK VALUE

At 31st October 2024

10,554

1,338

908

2,019

14,819

At 31st October 2023

13,193

1,672

1,135

3,014

19,014

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

8,752

16,045

Other debtors

7,886

6,059

16,638

22,104

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

5,556

5,556

Hire purchase contracts (see note 8)

2,406

2,282

Trade creditors

36,904

31,706

Taxation and social security

115,789

45,622

Other creditors

34,135

17,074

194,790

102,240

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

25,464

31,019

Hire purchase contracts (see note 8)

-

2,406

25,464

33,425

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

3,241

8,796

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2024

2023

£

£

Gross obligations repayable:

Within one year

2,473

2,473

Between one and five years

-

2,473

2,473

4,946

Finance charges repayable:

Within one year

67

191

Between one and five years

-

67

67

258

Net obligations repayable:

Within one year

2,406

2,282

Between one and five years

-

2,406

2,406

4,688

Non-cancellable

operating leases

2024

2023

£

£

Within one year

69,806

53,198

Between one and five years

131,483

70,655

201,289

123,853