Company Registration No. 08229050 (England and Wales)
Mega Electrical NW Ltd
Unaudited accounts
for the year ended 30 September 2020
Mega Electrical NW Ltd
Unaudited accounts
Contents
Mega Electrical NW Ltd
Company Information
for the year ended 30 September 2020
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 2020
Tangible assets
170,634
145,633
Inventories
157,330
83,596
Cash at bank and in hand
9,993
15,110
Creditors: amounts falling due within one year
(322,289)
(351,243)
Net current assets
519,592
569,538
Total assets less current liabilities
690,226
715,171
Creditors: amounts falling due after more than one year
(33,069)
(19,847)
Provisions for liabilities
Deferred tax
(34,084)
(26,959)
Net assets
623,073
668,365
Called up share capital
100
100
Profit and loss account
622,973
668,265
Shareholders' funds
623,073
668,365
For the year ending 30 September 2020 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 19 March 2021 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 2020
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
Total
Cost or valuation
At cost
At cost
At cost
At 1 October 2019
80,252
188,157
-
268,409
Additions
13,691
49,000
15,416
78,107
Disposals
(15,747)
(9,408)
-
(25,155)
At 30 September 2020
78,196
227,749
15,416
321,361
At 1 October 2019
45,057
77,719
-
122,776
Charge for the year
6,183
26,333
467
32,983
On disposals
(3,150)
(1,882)
-
(5,032)
At 30 September 2020
48,090
102,170
467
150,727
At 30 September 2020
30,106
125,579
14,949
170,634
At 30 September 2019
35,195
110,438
-
145,633
Mega Electrical NW Ltd
Notes to the Accounts
for the year ended 30 September 2020
5
Debtors: amounts falling due within one year
2020
2019
Trade debtors
645,651
814,220
Amounts due from group undertakings etc.
15,000
-
Accrued income and prepayments
13,335
7,855
6
Creditors: amounts falling due within one year
2020
2019
Bank loans and overdrafts
116,398
295
Trade creditors
151,172
200,319
Taxes and social security
22,529
70,707
7
Creditors: amounts falling due after more than one year
2020
2019
Taxes and social security
-
3,710
Loans from directors
33,069
16,137
8
Average number of employees
During the year the average number of employees was 20 (2019: 20).