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Company Registration No. 8834186 (England and Wales)
MEGA DEALS (PETERBOROUGH) LIMITED Unaudited accounts for the year ended 31 January 2023
MEGA DEALS (PETERBOROUGH) LIMITED Unaudited accounts Contents
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MEGA DEALS (PETERBOROUGH) LIMITED Company Information for the year ended 31 January 2023
Directors
Mr Ergin Tasci Mr Ertan Tasci
Company Number
8834186 (England and Wales)
Registered Office
40 WILLOUGHBY ROAD LONDON N8 0JG England
Accountants
Tatar Brothers & Co Accountants 40 Willoughby Road Hornsey London N8 0JG
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MEGA DEALS (PETERBOROUGH) LIMITED Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
148,081 
141,300 
Current assets
Inventories
213,842 
184,342 
Debtors
19,469 
19,421 
Cash at bank and in hand
9,277 
9,837 
242,588 
213,600 
Creditors: amounts falling due within one year
(171,899)
(70,519)
Net current assets
70,689 
143,081 
Total assets less current liabilities
218,770 
284,381 
Creditors: amounts falling due after more than one year
(20,474)
(31,335)
Net assets
198,296 
253,046 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
197,296 
252,046 
Shareholders' funds
198,296 
253,046 
For the year ending 31 January 2023 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 6 October 2023 and were signed on its behalf by
Mr Ergin Tasci Director Company Registration No. 8834186
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MEGA DEALS (PETERBOROUGH) LIMITED Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
MEGA DEALS (PETERBOROUGH) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 8834186. The registered office is 40 WILLOUGHBY ROAD, LONDON, N8 0JG, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
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
15% reducing balance
Fixtures & fittings
15% reducing balance
Computer equipment
20% reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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MEGA DEALS (PETERBOROUGH) LIMITED Notes to the Accounts for the year ended 31 January 2023
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 February 2022
80,056 
35,733 
8,500 
96,304 
220,593 
Additions
- 
- 
- 
20,153 
20,153 
At 31 January 2023
80,056 
35,733 
8,500 
116,457 
240,746 
Depreciation
At 1 February 2022
- 
12,490 
2,359 
64,444 
79,293 
Charge for the year
- 
4,649 
921 
7,802 
13,372 
At 31 January 2023
- 
17,139 
3,280 
72,246 
92,665 
Net book value
At 31 January 2023
80,056 
18,594 
5,220 
44,211 
148,081 
At 31 January 2022
80,056 
23,243 
6,141 
31,860 
141,300 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
19,469 
19,421 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
73,887 
12,516 
Trade creditors
31,790 
- 
Taxes and social security
7,781 
21,839 
Loans from directors
55,012 
34,914 
Accruals
3,429 
1,250 
171,899 
70,519 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
20,474 
31,335 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000 
1,000 
9
Average number of employees
During the year the average number of employees was 21 (2022: 25).
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