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REGISTERED NUMBER: 08901434 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

MEGAHERTZ TECHNOLOGIES LIMITED

MEGAHERTZ TECHNOLOGIES LIMITED (REGISTERED NUMBER: 08901434)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MEGAHERTZ TECHNOLOGIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: K Jain
A Stevenson





REGISTERED OFFICE: 115c Milton Road
Cambridge
CB4 1XE





REGISTERED NUMBER: 08901434 (England and Wales)





ACCOUNTANTS: Prentis & Co LLP
Chartered Accountants
115c Milton Road
Cambridge
CB4 1XE

MEGAHERTZ TECHNOLOGIES LIMITED (REGISTERED NUMBER: 08901434)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,308 2,500

CURRENT ASSETS
Debtors 5 21,831 831
Investments 6 1,529 17,548
Cash at bank 1,956 8,671
25,316 27,050
CREDITORS
Amounts falling due within one year 7 5,393 3,819
NET CURRENT ASSETS 19,923 23,231
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,231

25,731

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 21,131 25,631
SHAREHOLDERS' FUNDS 21,231 25,731

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 October 2023 and were signed on its behalf by:





K Jain - Director


MEGAHERTZ TECHNOLOGIES LIMITED (REGISTERED NUMBER: 08901434)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

Megahertz Technologies Limited 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 March 2022
and 28 February 2023 6,775
DEPRECIATION
At 1 March 2022 4,275
Charge for year 1,192
At 28 February 2023 5,467
NET BOOK VALUE
At 28 February 2023 1,308
At 28 February 2022 2,500

MEGAHERTZ TECHNOLOGIES LIMITED (REGISTERED NUMBER: 08901434)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 1,990 831
Accruals 19,841 -
21,831 831

6. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Currency trading 1,529 17,548

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Directors' loan accounts 4,563 3,039
Accruals and deferred income 830 780
5,393 3,819

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are K Jain and A C Stevenson by virtue of their 100% ownership of the issued ordinary share capital.