2022-05-01 07217131 2023-04-30 07217131 2022-05-01 2023-04-30 07217131 2022-04-30 07217131 2021-05-01 2022-04-30 07217131 uk-core:WithinOneYear 2022-04-30 07217131 uk-core:WithinOneYear 2023-04-30 07217131 uk-core:AfterOneYear 2022-04-30 07217131 uk-core:AfterOneYear 2023-04-30 07217131 uk-core:ShareCapital 2023-04-30 07217131 uk-core:ShareCapital 2022-04-30 07217131 uk-core:RetainedEarningsAccumulatedLosses 2023-04-30 07217131 uk-core:RetainedEarningsAccumulatedLosses 2022-04-30 07217131 uk-bus:Director1 2022-05-01 2023-04-30 07217131 uk-core:PlantMachinery 2022-05-01 2023-04-30 07217131 uk-core:ComputerEquipment 2022-05-01 2023-04-30 07217131 uk-core:CommercialMotorVehicles 2022-05-01 2023-04-30 07217131 uk-core:FurnitureFittings 2022-05-01 2023-04-30 07217131 uk-core:ComputerEquipment 2022-04-30 07217131 uk-core:FurnitureFittings 2022-04-30 07217131 uk-core:CommercialMotorVehicles 2022-04-30 07217131 uk-core:PlantMachinery 2022-04-30 07217131 uk-core:CommercialMotorVehicles 2023-04-30 07217131 uk-core:FurnitureFittings 2023-04-30 07217131 uk-core:ComputerEquipment 2023-04-30 07217131 uk-core:PlantMachinery 2023-04-30 07217131 uk-core:CostValuation 2022-04-30 07217131 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2022-04-30 07217131 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2023-04-30 07217131 uk-core:CostValuation 2023-04-30 07217131 uk-core:Non-currentFinancialInstruments 2023-04-30 07217131 uk-core:Non-currentFinancialInstruments 2022-04-30 iso4217:GBP xbrli:pure 07217131 uk-bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 07217131 uk-bus:FRS102 2022-05-01 2023-04-30 07217131 uk-bus:FullAccounts 2022-05-01 2023-04-30 07217131 uk-bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30
Megavolt Limited
Registered Number:07217131
For the year ended 30 April 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 30 April 2023
Megavolt Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
07217131
As at 30 April 2023
Megavolt Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
77,787
108,858
2
Financial assets
10,000
10,000
3
87,787
118,858
Current assets
Trade and other receivables
115,883
41,453
4
146,049
Cash and cash equivalents
4,156
45,609
261,932
Trade and other payables: amounts falling due within one
year
(78,139)
(18,196)
5
183,793
27,413
Net current assets
Total assets less current liabilities
115,200
302,651
Trade and other payables: amounts falling due after more
than one year
(100,000)
-
6
115,200
Net assets
202,651
Capital and reserves
Called up share capital
2
2
Retained earnings
115,198
202,649
115,200
202,651
Shareholders' funds
For the year ended 30 April 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 of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Jonathan Ben Horsley Director
These financial statements were approved and authorised for issue by the Board on 09 October 2023 and were signed by:
1 of 5
4
Registered Number :
07217131
For the year ended 30 April 2023
Megavolt Limited
Statement of Financial Position Continued
The notes form part of these financial statements
2 of 5
5
For the year ended 30 April 2023
Megavolt Limited
Notes to the Financial Statements
Statutory Information
Megavolt Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number
07217131.
Registered address:
Within St Farm Tetton Lane
Moston
Middlewich
Cheshire
CW10 0HH
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
15% Reducing balance
33.33% Reducing balance
Computer Equipment
20% Reducing balance
Motor Vehicles
20% Reducing balance
Furniture and Fittings
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
3 of 5
6
For the year ended 30 April 2023
Megavolt Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
Motor
Vehicles
Plant and
Machinery
£
£
£
£
£
Cost or
valuation
At 01 May 2022
175,213
2,022
-
92,005
81,186
26,180
2,884
379
12,917
10,000
Additions
-
-
(62,952)
-
Disposals
(62,952)
At 30 April 2023
41,970
379
4,906
138,441
91,186
Provision for depreciation and impairment
At 01 May 2022
66,355
674
-
28,301
37,380
Charge for year
16,789
1,410
76
7,232
8,071
(22,490)
-
-
(22,490)
-
On disposal
At 30 April 2023
60,654
2,084
76
13,043
45,451
At 30 April 2023
Net book value
45,735
28,927
303
2,822
77,787
At 30 April 2022
43,806
63,704
-
1,348
108,858
3. Investments held as fixed assets
Other investments
Total
At 01 May 2022
10,000
10,000
Cost
£
£
At 30 April 2023
10,000
10,000
At 30 April 2023
Net book value
10,000
10,000
At 01 May 2022
10,000
10,000
4. Trade and other receivables
2022
2023
£
£
Trade debtors
41,453
115,883
4 of 5
7
For the year ended 30 April 2023
Megavolt Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Taxation and social security
17,168
57,769
Other creditors
1,028
20,370
18,196
78,139
6. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Other creditors
-
100,000
7. Average number of persons employed
During the year the average number of employees was 2 (2022 : 2)
5 of 5