REGISTERED NUMBER: 09753890 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ERGON FOODS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr T Douzis

Mr G Douzis

REGISTERED OFFICE:

Solar House

282 Chase Road

London

N14 6NZ

REGISTERED NUMBER:

09753890 (England and Wales)

ACCOUNTANTS:

Freemans Partnership LLP

Chartered Certified Accountants

Solar House

282 Chase Road

London

N14 6NZ

FIXED ASSETS

Tangible assets

4

87,054

74,708

Investments

5

51

51

87,105

74,759

CURRENT ASSETS

Stocks

6

53,543

63,170

Debtors

7

1,028,086

705,168

Cash at bank and in hand

456,980

358,047

1,538,609

1,126,385

CREDITORS

Amounts falling due within one year

8

1,528,247

645,135

NET CURRENT ASSETS

10,362

481,250

TOTAL ASSETS LESS CURRENT LIABILITIES

97,467

556,009

CREDITORS

Amounts falling due after more than one year

9

4,167

14,167

NET ASSETS

93,300

541,842

CAPITAL AND RESERVES

Called up share capital

11

93,300

93,300

Retained earnings

-

448,542

SHAREHOLDERS' FUNDS

93,300

541,842

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 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 25 September 2025 and were signed on its behalf by:

Mr G Douzis - Director

1.	STATUTORY INFORMATION

Ergon Foods 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.

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 represents amounts derived from the sale of goods to customers during the year, and is recognised at the date the risks and rewards of ownership of goods were transferred to the customer. This is stated after trade discounts, other sales taxes and net of VAT.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

Over the term of lease

Plant and machinery

-

25% straight line

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% straight line

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred 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 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 28 (2023 - 46 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

Computer

leasehold

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

47,517

6,789

112,468

10,684

177,458

Additions

-

20,094

15,237

-

35,331

At 31 December 2024

47,517

26,883

127,705

10,684

212,789

DEPRECIATION

At 1 January 2024

33,201

2,097

59,850

7,602

102,750

Charge for year

4,379

6,721

10,178

1,707

22,985

At 31 December 2024

37,580

8,818

70,028

9,309

125,735

NET BOOK VALUE

At 31 December 2024

9,937

18,065

57,677

1,375

87,054

At 31 December 2023

14,316

4,692

52,618

3,082

74,708

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

51

NET BOOK VALUE

At 31 December 2024

51

At 31 December 2023

51

6.

STOCKS

31.12.24

31.12.23

£

£

Stocks

53,543

63,170

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Amounts owed by group undertakings

72,461

19,644

Other debtors

909,459

625,205

VAT

-

8,954

Prepayments

46,166

51,365

1,028,086

705,168

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts (see note 10)

10,000

10,000

Trade creditors

291,962

228,358

Tax

71,344

73,841

Social security and other taxes

14,148

19,707

Pension control

2,206

2,657

Net wages

40,326

38,947

VAT

44,691

-

Shareholder loan

352,668

31,036

Amount owed to related party

187,615

187,615

Directors' current accounts

441,451

35,646

Accrued expenses

71,836

17,328

1,528,247

645,135

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans (see note 10)

4,167

14,167

10.

LOANS

An analysis of the maturity of loans is given below:

31.12.24

31.12.23

£

£

Amounts falling due within one year or on demand:

Bank loans

10,000

10,000

Amounts falling due between one and two years:

Bank loans - 1-2 years

4,167

10,000

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

4,167

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

100

Ordinary

1

100

100

100

Ordinary B

920

92,000

92,000

1,200

Ordinary C

1

1,200

1,200

93,300

93,300