IRIS Accounts Production v23.2.0.158 06550933 Board of Directors Board of Directors 1.4.22 31.3.23 31.3.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh065509332022-03-31065509332023-03-31065509332022-04-012023-03-31065509332021-03-31065509332021-04-012022-03-31065509332022-03-3106550933ns10:Originalns15:EnglandWales2022-04-012023-03-3106550933ns14:PoundSterlingns10:Original2022-04-012023-03-3106550933ns10:Originalns10:Director12022-04-012023-03-3106550933ns10:Original2022-04-012023-03-3106550933ns10:Originalns10:Director22022-04-012023-03-3106550933ns10:Original2023-03-3106550933ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3106550933ns10:Originalns10:SmallEntities2022-04-012023-03-3106550933ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3106550933ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3106550933ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3106550933ns10:Originalns10:FullAccounts2022-04-012023-03-3106550933ns10:Original12022-04-012023-03-3106550933ns10:CompanySecretary1ns10:Original2022-04-012023-03-3106550933ns10:Originalns10:RegisteredOffice2022-04-012023-03-3106550933ns10:Original2022-03-3106550933ns10:Originalns5:CurrentFinancialInstruments2023-03-3106550933ns10:Originalns5:CurrentFinancialInstruments2022-03-3106550933ns5:ShareCapitalns10:Original2023-03-3106550933ns5:ShareCapitalns10:Original2022-03-3106550933ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3106550933ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3106550933ns10:Originalns5:NetGoodwill2022-04-012023-03-3106550933ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-04-012023-03-3106550933ns10:Originalns5:PlantMachinery2022-04-012023-03-3106550933ns10:Originalns5:FurnitureFittings2022-04-012023-03-3106550933ns10:Originalns5:MotorVehicles2022-04-012023-03-3106550933ns10:Original2021-04-012022-03-3106550933ns10:Originalns5:NetGoodwill2022-03-3106550933ns10:Originalns5:NetGoodwill2023-03-3106550933ns10:Originalns5:NetGoodwill2022-03-3106550933ns10:Originalns5:PlantMachinery2022-03-3106550933ns10:Originalns5:FurnitureFittings2022-03-3106550933ns10:Originalns5:MotorVehicles2022-03-3106550933ns10:Original2022-03-3106550933ns10:Originalns5:PlantMachinery2023-03-3106550933ns10:Originalns5:FurnitureFittings2023-03-3106550933ns10:Originalns5:MotorVehicles2023-03-3106550933ns10:Originalns5:PlantMachinery2022-03-3106550933ns10:Originalns5:FurnitureFittings2022-03-3106550933ns10:Originalns5:MotorVehicles2022-03-3106550933ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3106550933ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-04-012023-03-31
REGISTERED NUMBER: 06550933 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Megaray Aerial & Satellite Services Ltd

Megaray Aerial & Satellite Services Ltd (Registered number: 06550933)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Megaray Aerial & Satellite Services Ltd

Company Information
for the Year Ended 31 March 2023







Directors: S M Jordan
R M Jordan





Secretary: R M Jordan





Registered office: 55 Red Roofs
Brynna Road
Pencoed
Bridgend
CF35 6PL





Registered number: 06550933 (England and Wales)





Accountants: Curtis Bowden & Thomas Limited
Chartered Certified Accountants
101 Dunraven Street
Tonypandy
CF40 1AR

Megaray Aerial & Satellite Services Ltd (Registered number: 06550933)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 2,478 3,319
2,478 3,319

Current assets
Stocks 500 500
Cash at bank and in hand 50,377 53,716
50,877 54,216
Creditors
Amounts falling due within one year 6 7,260 8,702
Net current assets 43,617 45,514
Total assets less current liabilities 46,095 48,833

Provisions for liabilities 471 631
Net assets 45,624 48,202

Capital and reserves
Called up share capital 100 100
Retained earnings 7 45,524 48,102
Shareholders' funds 45,624 48,202

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Megaray Aerial & Satellite Services Ltd (Registered number: 06550933)

Balance Sheet - continued
31 March 2023


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 Board of Directors and authorised for issue on 3 October 2023 and were signed on its behalf by:




S M Jordan - Director



R M Jordan - Director


Megaray Aerial & Satellite Services Ltd (Registered number: 06550933)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. Statutory information

Megaray Aerial & Satellite Services Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Megaray Aerial & Satellite Services Ltd (Registered number: 06550933)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. Employees and directors

The average number of employees during the year was 3 (2022 - 3 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 April 2022
and 31 March 2023 75,000
Amortisation
At 1 April 2022
and 31 March 2023 75,000
Net book value
At 31 March 2023 -
At 31 March 2022 -

5. Tangible fixed assets
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
Cost
At 1 April 2022
and 31 March 2023 3,037 1,860 19,366 24,263
Depreciation
At 1 April 2022 2,585 1,578 16,781 20,944
Charge for year 125 70 646 841
At 31 March 2023 2,710 1,648 17,427 21,785
Net book value
At 31 March 2023 327 212 1,939 2,478
At 31 March 2022 452 282 2,585 3,319

6. Creditors: amounts falling due within one year
31.3.23 31.3.22
£    £   
Taxation and social security 205 4,878
Other creditors 7,055 3,824
7,260 8,702

Megaray Aerial & Satellite Services Ltd (Registered number: 06550933)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. Reserves
Retained
earnings
£   

At 1 April 2022 48,102
Profit for the year 89
Dividends (2,667 )
At 31 March 2023 45,524

8. Ultimate controlling party

The ultimate controlling parties are Mr S M Jordan and Mr R M Jordan by virtue of their ownership of 100% of the issued share capital in the company.