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REGISTERED NUMBER: SC448157 (Scotland)













UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 SEPTEMBER 2023 TO 30 AUGUST 2024

FOR

ENTWRX LTD

ENTWRX LTD (REGISTERED NUMBER: SC448157)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 SEPTEMBER 2023 TO 30 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ENTWRX LTD

COMPANY INFORMATION
FOR THE PERIOD 1 SEPTEMBER 2023 TO 30 AUGUST 2024







DIRECTOR: Dr I Riaz





REGISTERED OFFICE: Floor 4
101 Portman Street
Glasgow
G41 1EJ





REGISTERED NUMBER: SC448157 (Scotland)





ACCOUNTANTS: BK Plus Ltd
6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ

ENTWRX LTD (REGISTERED NUMBER: SC448157)

BALANCE SHEET
30 AUGUST 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Cash at bank 5 10 226

CREDITORS
Amounts falling due within one year 6 273,522 272,211
NET CURRENT LIABILITIES (273,512 ) (271,985 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(273,512

)

(271,985

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (273,513 ) (271,986 )
(273,512 ) (271,985 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 August 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 27 August 2025 and were signed by:





Dr I Riaz - Director


ENTWRX LTD (REGISTERED NUMBER: SC448157)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 SEPTEMBER 2023 TO 30 AUGUST 2024

1. STATUTORY INFORMATION

Entwrx Ltd is a private company, limited by shares , registered in Scotland. 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.

The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The company's liabilities exceeded its assets by £273,512 at 30 August 2024 (2023: £271,985). The company is thus dependent on the continued financial support of its creditors. The directors are confident of this continuing support and of the company's long term trading prospects and on this basis considers it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from the withdrawal of financial support.

Tangible fixed assets
Tangiable fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management,

Depreciation is charged as so to allocate the cost of asset less their residual value over their estimated useful lifes, using the straight line method.

Depreciation is provided on the following basis:

Fixtures and fittings - 20%

Office Equipment - 33%

The assets' residual values, useful lifes and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and Retained Earnings.

Financial instruments
The company only enters into basic financial instrument transactions thet result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.


ENTWRX LTD (REGISTERED NUMBER: SC448157)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 SEPTEMBER 2023 TO 30 AUGUST 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period 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.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023
and 30 August 2024 9,344
DEPRECIATION
At 1 September 2023
and 30 August 2024 9,344
NET BOOK VALUE
At 30 August 2024 -

ENTWRX LTD (REGISTERED NUMBER: SC448157)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 SEPTEMBER 2023 TO 30 AUGUST 2024

5. CASH AT BANK
2024 2023
£    £   
Barclays GBP - 216
Barclays US 10 10
10 226

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 5,450 2,900
Taxation and social security 3,337 3,054
Other creditors 264,735 266,257
273,522 272,211

7. CONTROLLING PARTY

The controlling party is Dr S Ahmad.