Registered Number:07217131 |
For the year ended 30 April 2023
England and Wales
Unaudited Financial Statements
For the year ended 30 April 2023
Megavolt Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Megavolt Limited
Statement of Financial Position
2022
2023
Property, plant and equipment |
77,787
108,858
2
10,000
10,000
3
87,787
118,858
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
2
2
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: |
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For the year ended 30 April 2023
Megavolt Limited
Statement of Financial Position Continued
The notes form part of these financial statements |
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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. |
Within St Farm Tetton Lane
Moston
Middlewich
Cheshire
CW10 0HH
The presentation currency is £ sterling. |
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
Computer Equipment
Motor Vehicles
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. |
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For the year ended 30 April 2023
Megavolt Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
175,213
2,022
-
92,005
81,186
26,180
2,884
379
12,917
10,000
-
-
(62,952)
-
(62,952)
41,970
379
4,906
138,441
91,186
Provision for depreciation and impairment |
66,355
674
-
28,301
37,380
Charge for year
16,789
1,410
76
7,232
8,071
(22,490)
-
-
(22,490)
-
60,654
2,084
76
13,043
45,451
45,735
28,927
303
2,822
77,787
43,806
63,704
-
1,348
108,858
3. Investments held as fixed assets |
10,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
4. Trade and other receivables |
2022
2023
41,453
115,883
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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
1,028
20,370
18,196
78,139
6. Trade and other payables: amounts falling due after more than one year |
2022
2023
-
100,000
7. Average number of persons employed |
During the year the average number of employees was 2 (2022 : 2)
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