ERGO GROUP LTD Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03169676

ERGO GROUP LTD

Filleted Unaudited Financial Statements

30 December 2024

ERGO GROUP LTD

Financial Statements

Year ended 30th December 2024

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

ERGO GROUP LTD

Statement of Financial Position

30 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Tangible assets	5		75,055	105,899

Current assets

Stocks		1,203,891	1,472,744
Debtors	6	246,593	295,062
Cash at bank and in hand		200,569	146,289
		------------	------------
		1,651,053	1,914,095

Creditors: amounts falling due within one year	7	985,300		924,574
		------------		------------
Net current assets			665,753	989,521
			---------	------------
Total assets less current liabilities			740,808	1,095,420

Creditors: amounts falling due after more than one year	8	124,033	204,257
		---------	------------
Net assets		616,775	891,163
		---------	------------

Capital and reserves

Called up share capital	30,974	30,974
Profit and loss account	585,801	860,189
	---------	---------
Shareholders funds	616,775	891,163
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30th December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

ERGO GROUP LTD

Statement of Financial Position (continued)

30 December 2024

These financial statements were approved by the board of directors and authorised for issue on 26 September 2025 , and are signed on behalf of the board by:

Mr N J A Marlow	Mrs A L Marlow
Director	Director

Company registration number: 03169676

ERGO GROUP LTD

Notes to the Financial Statements

Year ended 30th December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Alex House, 260/268 Chapel Street, Salford, Manchester, M3 5JZ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant & Equipment	-	25% reducing balance
Sales offices	-	25% straight line
Motor vehicles	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 30 (2023: 36 ).

5. Tangible assets

	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£
Cost
At 31st December 2023	118,210	100,097	151,744	370,051
Additions	1,385	–	–	1,385
	---------	---------	---------	---------
At 30th December 2024	119,595	100,097	151,744	371,436
	---------	---------	---------	---------
Depreciation
At 31st December 2023	75,896	86,342	101,914	264,152
Charge for the year	10,933	8,838	12,458	32,229
	---------	---------	---------	---------
At 30th December 2024	86,829	95,180	114,372	296,381
	---------	---------	---------	---------
Carrying amount
At 30th December 2024	32,766	4,917	37,372	75,055
	---------	---------	---------	---------
At 30th December 2023	42,314	13,755	49,830	105,899
	---------	---------	---------	---------

6. Debtors

	2024	2023
	£	£
Trade debtors	193,708	197,453
Amounts owed by group undertakings and undertakings in which the company has a participating interest	41,108	77,488
Other debtors	11,777	20,121
	---------	---------
	246,593	295,062
	---------	---------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	573,659	479,483
Social security and other taxes	27,736	57,326
Other creditors	383,905	387,765
	---------	---------
	985,300	924,574
	---------	---------

8. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	124,033	199,224
Other creditors	–	5,033
	---------	---------
	124,033	204,257
	---------	---------

9. Related party transactions

No transactions with related parties were undertaken such as are required to be disclosed.

10. Controlling party

The company is a wholly owned subsidiary of AB and N Holdings Ltd a company registered in the United Kingdom.