IERGO Limited - Accounts to registrar (filleted) - small 18.2

IERGO Limited - Accounts to registrar (filleted) - small 18.2

IERGO LIMITED - Company Information

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REGISTERED NUMBER: 05326860 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2019

FOR

IERGO LIMITED
Tacconi Green and Co
Accountants
32a East Street
St. Ives
Cambs
PE27 5PD








IERGO LIMITED (REGISTERED NUMBER: 05326860)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


IERGO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2019







DIRECTOR: J P Morris





SECRETARY:





REGISTERED OFFICE: 4 Rosenthal Terrace
High Street
Hemingford Grey
Huntingdon
Cambs
PE28 9BL





REGISTERED NUMBER: 05326860 (England and Wales)





ACCOUNTANTS: Tacconi Green and Co
Accountants
32a East Street
St. Ives
Cambs
PE27 5PD
Page 1
IERGO LIMITED (REGISTERED NUMBER: 05326860)

BALANCE SHEET
31ST MARCH 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 54,125 40,917

CURRENT ASSETS
Debtors 5 70,820 47,284
Cash at bank and in hand 44,175 128,501
114,995 175,785
CREDITORS
Amounts falling due within one year 6 50,704 78,679
NET CURRENT ASSETS 64,291 97,106
TOTAL ASSETS LESS CURRENT
LIABILITIES
118,416
138,023

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 118,316 137,923
SHAREHOLDERS' FUNDS 118,416 138,023

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2019 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 Income Statement has not been delivered.

The financial statements were approved by the director on 18th December 2019 and were signed by:





J P Morris - Director


The notes form part of these financial statements

Page 2
IERGO LIMITED (REGISTERED NUMBER: 05326860)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2019

1. STATUTORY INFORMATION

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - not provided
Computer equipment - 20% on reducing balance

Taxation
Taxation for the year 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.

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.

Any timing differences are considered immaterial and therefore no provision has been made.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

Page 3 continued...
IERGO LIMITED (REGISTERED NUMBER: 05326860)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2019

4. TANGIBLE FIXED ASSETS
Improvements
to Computer
property equipment Totals
£    £    £   
COST
At 1st April 2018 39,749 3,699 43,448
Additions 13,441 - 13,441
At 31st March 2019 53,190 3,699 56,889
DEPRECIATION
At 1st April 2018 - 2,531 2,531
Charge for year - 233 233
At 31st March 2019 - 2,764 2,764
NET BOOK VALUE
At 31st March 2019 53,190 935 54,125
At 31st March 2018 39,749 1,168 40,917

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 11,413 46,493
Other debtors 18,840 791
Accrued income 40,567 -
70,820 47,284

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade creditors 1,195 38,749
Taxation 826 21,075
Social security and other taxes 773 781
VAT 18,505 17,079
Accrued expenses 29,405 995
50,704 78,679

Page 4