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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
Page
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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
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Megajam Consultancy Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
1,267 
5,067 
Tangible assets
873 
1,154 
Investment property
89,250 
89,250 
91,390 
95,471 
Current assets
Debtors
18,057 
7,014 
Cash at bank and in hand
15,289 
19,991 
33,346 
27,005 
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
Deferred tax
(166)
(963)
Net assets
46,511 
35,516 
Capital and reserves
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
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Megajam Consultancy Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
Intangible fixed assets
Other intangible assets are amortised to profit and loss account over its estimated economic life of 5 years.
Investment property
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 
£ 
Cost
At 1 April 2022
19,000 
At 31 March 2023
19,000 
Amortisation
At 1 April 2022
13,933 
Charge for the year
3,800 
At 31 March 2023
17,733 
Net book value
At 31 March 2023
1,267 
At 31 March 2022
5,067 
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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 
Additions
- 
- 
854 
854 
At 31 March 2023
1,751 
2,284 
5,918 
9,953 
Depreciation
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 
Net book value
At 31 March 2023
- 
- 
873 
873 
At 31 March 2022
- 
- 
1,154 
1,154 
6
Investment property
2023 
£ 
Fair value at 1 April 2022
89,250 
At 31 March 2023
89,250 
7
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
17,785 
6,760 
Accrued income and prepayments
272 
254 
18,057 
7,014 
8
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
2,782 
2,992 
Trade creditors
2,788 
- 
Taxes and social security
4,981 
541 
Loans from directors
67,508 
82,464 
78,059 
85,997 
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).
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