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
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
MEGA DEALS (PETERBOROUGH) LIMITED
Statement of financial position
as at 31 January 2023
Tangible assets
148,081
141,300
Inventories
213,842
184,342
Cash at bank and in hand
9,277
9,837
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
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
MEGA DEALS (PETERBOROUGH) LIMITED
Notes to the Accounts
for the year ended 31 January 2023
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.
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.
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 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.
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.
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
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
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
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
Taxes and social security
7,781
21,839
Loans from directors
55,012
34,914
7
Creditors: amounts falling due after more than one year
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).