Company Registration No. 08229050 (England and Wales)
Mega Electrical NW Ltd
Unaudited accounts
for the year ended 30 September 2022
Mega Electrical NW Ltd
Unaudited accounts
Contents
Mega Electrical NW Ltd
Company Information
for the year ended 30 September 2022
Directors
Mr Gareth Jones
Mr Carl Bellis
Company Number
08229050 (England and Wales)
Registered Office
Unit 6, Antelope Industrial Estate
Rhydymwyn
Mold
Flintshire
CH7 5JH
United Kingdom
Accountants
P & L Accountancy
51 High Street
Mold
Flintshire
CH7 1BQ
Mega Electrical NW Ltd
Statement of financial position
as at 30 September 2022
Tangible assets
338,662
154,847
Inventories
(23,597)
174,869
Cash at bank and in hand
101,330
458,087
Creditors: amounts falling due within one year
(232,317)
(223,136)
Net current assets
918,203
976,070
Total assets less current liabilities
1,256,865
1,130,917
Creditors: amounts falling due after more than one year
(199,778)
(261,990)
Provisions for liabilities
Deferred tax
(77,076)
(35,327)
Net assets
980,011
833,600
Called up share capital
100
100
Profit and loss account
979,911
833,500
Shareholders' funds
980,011
833,600
For the year ending 30 September 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 2 June 2023 and were signed on its behalf by
Mr Gareth Jones
Director
Company Registration No. 08229050
Mega Electrical NW Ltd
Notes to the Accounts
for the year ended 30 September 2022
Mega Electrical NW Ltd is a private company, limited by shares, registered in England and Wales, registration number 08229050. The registered office is Unit 6, Antelope Industrial Estate, Rhydymwyn, Mold, Flintshire, CH7 5JH, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Motor vehicles
20% Reducing Balance
Fixtures & fittings
20% Reducing Balance
Computer equipment
20% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 October 2021
82,396
223,408
18,101
1,548
325,453
Additions
42,383
199,413
5,878
2,896
250,570
Disposals
-
(37,780)
-
-
(37,780)
At 30 September 2022
124,779
385,041
23,979
4,444
538,243
At 1 October 2021
53,100
112,464
3,790
1,252
170,606
Charge for the year
7,910
30,578
3,254
1,387
43,129
On disposals
-
(14,154)
-
-
(14,154)
At 30 September 2022
61,010
128,888
7,044
2,639
199,581
At 30 September 2022
63,769
256,153
16,935
1,805
338,662
At 30 September 2021
29,296
110,944
14,311
296
154,847
Mega Electrical NW Ltd
Notes to the Accounts
for the year ended 30 September 2022
Amounts falling due within one year
Trade debtors
416,997
434,475
Amounts due from group undertakings etc.
647,945
112,227
Accrued income and prepayments
7,845
19,548
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
1,803
-
Trade creditors
181,655
103,112
Taxes and social security
34,602
78,203
7
Creditors: amounts falling due after more than one year
2022
2021
Bank loans
180,382
250,000
Loans from directors
19,396
11,990
8
Average number of employees
During the year the average number of employees was 25 (2021: 25).