Company Registration No. 07963320 (England and Wales)
Megajam Consultancy Limited
Unaudited accounts
for the year ended 31 March 2023
Megajam Consultancy Limited
Unaudited accounts
Contents
Megajam Consultancy Limited
Company Information
for the year ended 31 March 2023
Directors
Michael Hardy
Jennifer Hardy
Company Number
07963320 (England and Wales)
Registered Office
Thornleigh House Glebe Park
Balderton
Newark
Notts
NG24 3GN
Accountants
Zest Partnership Limited
18b Balderton Gate
Newark
Notts
NG24 1UF
Megajam Consultancy Limited
Statement of financial position
as at 31 March 2023
Intangible assets
1,267
5,067
Investment property
89,250
89,250
Cash at bank and in hand
15,289
19,991
Creditors: amounts falling due within one year
(78,059)
(85,997)
Net current liabilities
(44,713)
(58,992)
Total assets less current liabilities
46,677
36,479
Provisions for liabilities
Called up share capital
2
2
Revaluation reserve
4,250
4,250
Profit and loss account
42,259
31,264
Shareholders' funds
46,511
35,516
For the year ending 31 March 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 8 November 2023 and were signed on its behalf by
Michael Hardy
Director
Company Registration No. 07963320
Megajam Consultancy Limited
Notes to the Accounts
for the year ended 31 March 2023
Megajam Consultancy Limited is a private company, limited by shares, registered in England and Wales, registration number 07963320. The registered office is Thornleigh House Glebe Park, Balderton, Newark, Notts, NG24 3GN.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% of cost
Fixtures & fittings
20% of cost
Computer equipment
33% of cost
Other intangible assets are amortised to profit and loss account over its estimated economic life of 5 years.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Intangible fixed assets
Other
Megajam Consultancy Limited
Notes to the Accounts
for the year ended 31 March 2023
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
1,751
2,284
5,064
9,099
At 31 March 2023
1,751
2,284
5,918
9,953
At 1 April 2022
1,751
2,284
3,910
7,945
Charge for the year
-
-
1,135
1,135
At 31 March 2023
1,751
2,284
5,045
9,080
At 31 March 2023
-
-
873
873
At 31 March 2022
-
-
1,154
1,154
Fair value at 1 April 2022
89,250
Amounts falling due within one year
Trade debtors
17,785
6,760
Accrued income and prepayments
272
254
8
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
4,981
541
Loans from directors
67,508
82,464
The loan was repaid in full in April 2021
10
Average number of employees
During the year the average number of employees was 0 (2022: 0).