REGISTERED NUMBER: 09452821 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2025

for

N-Ergise Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

Fixed assets

Intangible assets

5

1,097

1,463

Tangible assets

6

139,543

169,404

Investments

7

100

100

140,740

170,967

Current assets

Stocks

66,682

187,334

Debtors

8

333,857

601,808

Cash at bank and in hand

287,127

241,696

687,666

1,030,838

Creditors

Amounts falling due within one year

9

(159,089

)

(449,763

)

Net current assets

528,577

581,075

Total assets less current liabilities

669,317

752,042

Creditors

Amounts falling due after more than one year

10

-

(49,581

)

Provisions for liabilities

(34,886

)

(57,233

)

Net assets

634,431

645,228

Capital and reserves

Called up share capital

100

100

Retained earnings

634,331

645,128

634,431

645,228

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 22 October 2025 and were signed by:

Mr M A Norton - Director

1.	Statutory information

N-Ergise Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

09452821

Registered office:

Waveney House

Morton Peto Road

Great Yarmouth

Norfolk

NR31 0LT

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

2.	Statement of compliance

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.

3.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Tangible fixed 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.

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:

Improvements to leasehold property - 5% on reducing balance

Plant and machinery - 25% on reducing balance

Fixtures and fittings - 25% on reducing balance

Motor vehicles - 25% on reducing balance

Equipment - 25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

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

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

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.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

4.	Employees and directors

The average number of employees during the year was 9 (2024 - 9 ) .

5.	Intangible fixed assets

Website and

software

costs

£

Cost

At 1 March 2024

and 28 February 2025

5,000

Amortisation

At 1 March 2024

3,537

Amortisation for year

366

At 28 February 2025

3,903

Net book value

At 28 February 2025

1,097

At 29 February 2024

1,463

6.	Tangible fixed assets

Fixtures

Improvements

Plant and

and

to property

machinery

fittings

£

£

£

Cost

At 1 March 2024

38,574

281,442

95,261

Additions

-

2,455

-

At 28 February 2025

38,574

283,897

95,261

Depreciation

At 1 March 2024

5,280

264,349

62,926

Charge for year

1,665

4,529

8,084

At 28 February 2025

6,945

268,878

71,010

Net book value

At 28 February 2025

31,629

15,019

24,251

At 29 February 2024

33,294

17,093

32,335

Motor

Computer

vehicles

equipment

Totals

£

£

£

Cost

At 1 March 2024

151,775

27,470

594,522

Additions

-

3,702

6,157

At 28 February 2025

151,775

31,172

600,679

Depreciation

At 1 March 2024

71,819

20,744

425,118

Charge for year

19,989

1,751

36,018

At 28 February 2025

91,808

22,495

461,136

Net book value

At 28 February 2025

59,967

8,677

139,543

At 29 February 2024

79,956

6,726

169,404

7.	Fixed asset investments

Shares in

group

undertakings

£

Cost

At 1 March 2024

and 28 February 2025

100

Net book value

At 28 February 2025

100

At 29 February 2024

100

8.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

226,974

241,852

Amounts owed by group undertakings

62,619

-

Other debtors

44,264

359,956

333,857

601,808

9.

Creditors: amounts falling due within one year

2025

2024

£

£

Hire purchase contracts

49,581

20,039

Trade creditors

61,095

321,671

Amounts owed to group undertakings

100

100

Taxation and social security

30,409

9,494

Other creditors

17,904

98,459

159,089

449,763

10.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Hire purchase contracts

-

49,581

11.	Secured debts

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

49,581

69,620

Hire Purchase contracts are secured on the assets to which they relate.

12.	Other financial commitments

Other lease commitments not presented elsewhere in these financial statements include total of £3,715 (2024 : £18,715) for lease of the company's premises (with £3,715 due within one year and £NIL due after more than one year).

13.	Directors' advances, credits and guarantees

The balance owed to the company by the directors at the end of the year was £Nil (2024 : £86,724). Interest of £574 (2024 : £1,909) was charged on this balance at a rate as prescribed by HM Revenue & Customs.

14.	Related party disclosures

The company rents a premises from a pension scheme of which the director is a trustee. Rent is charged at market value.

At the year end, £62,619 (2024: £4,934) was owed by a company under the control of the director. No interest has been charged on this balance.