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Registration number: 11256412

Ergon South West Ltd

Unaudited Financial Statements

for the Period from 1 April 2023 to 30 September 2024

 

Ergon South West Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Ergon South West Ltd

Company Information

Director

C Furneaux

Registered office

34 Boulevard
Weston-super-Mare
North Somerset
BS23 1NF

Accountants

Four Fifty Partnership
Chartered Accountants
34 Boulevard
Weston-super-Mare
North Somerset
BS23 1NF

 

Ergon South West Ltd

(Registration number: 11256412)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Current assets

 

Debtors

5

84,916

64,375

Cash at bank and in hand

 

3,798

10,964

 

88,714

75,339

Creditors: Amounts falling due within one year

6

(81,463)

(79,103)

Net assets/(liabilities)

 

7,251

(3,764)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

7,151

(3,864)

Shareholders' funds/(deficit)

 

7,251

(3,764)

For the financial period ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Ergon South West Ltd

(Registration number: 11256412)
Balance Sheet as at 30 September 2024

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 31 May 2025
 

.........................................
C Furneaux
Director

 

Ergon South West Ltd

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency of the financial statements is Pound Sterling (£).

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Ergon South West Ltd

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 September 2024

2

Accounting policies (continued)

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

Straight line over its estimated useful life of 5 years.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Ergon South West Ltd

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 September 2024

2

Accounting policies (continued)

Financial instruments

Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.
 

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 15 (2023 - 15).

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 April 2023

30,000

30,000

At 30 September 2024

30,000

30,000

Amortisation

At 1 April 2023

30,000

30,000

At 30 September 2024

30,000

30,000

Carrying amount

At 30 September 2024

-

-

 

Ergon South West Ltd

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 September 2024

5

Debtors

2024
£

2023
£

Trade debtors

8,903

8,656

Other debtors

76,013

55,719

84,916

64,375

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

60,670

63,692

Accruals and deferred income

6,277

9,486

Other creditors

14,516

5,925

81,463

79,103

 

Ergon South West Ltd

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 September 2024

7

Related party transactions

Transactions with the director

2024

At 1 April 2023
£

Advances to director
£

Repayments by director
£

At 30 September 2024
£

C Furneaux

Directors Loan Account

(44,566)

(64,977)

44,682

(64,861)

2023

At 1 April 2022
£

Advances to director
£

Repayments by director
£

At 31 March 2023
£

C Furneaux

Directors Loan Account

(43,981)

(55,662)

55,078

(44,566)


The loan is repayable on demand. Interest has been paid on the loan at the official interest rate. No s455 tax has been provided as the loan has been repaid within 9 months of the year end.