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REGISTERED NUMBER: 06609171 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

MEGBOR LIMITED

MEGBOR LIMITED (REGISTERED NUMBER: 06609171)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MEGBOR LIMITED

COMPANY INFORMATION
for the year ended 30 June 2023







DIRECTORS: Miss M Stuttard
Mr R Haugh





REGISTERED OFFICE: 17 St Peters Place
Fleetwood
Lancashire
FY7 6EB





REGISTERED NUMBER: 06609171 (England and Wales)





ACCOUNTANTS: Jones Harris Limited
Chartered Accountants
17 St Peters Place
Fleetwood
Lancashire
FY7 6EB

MEGBOR LIMITED (REGISTERED NUMBER: 06609171)

BALANCE SHEET
30 June 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 45,186 59,914
45,186 59,914

CURRENT ASSETS
Stocks 15,000 64,000
Debtors 6 2,252,658 2,007,005
Cash at bank 421,448 264,972
2,689,106 2,335,977
CREDITORS
Amounts falling due within one year 7 (1,506,621 ) (1,362,643 )
NET CURRENT ASSETS 1,182,485 973,334
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,227,671

1,033,248

CREDITORS
Amounts falling due after more than one
year

8

(19,184

)

(29,202

)

PROVISIONS FOR LIABILITIES (10,786 ) (10,971 )
NET ASSETS 1,197,701 993,075

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 1,197,581 992,955
SHAREHOLDERS' FUNDS 1,197,701 993,075

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

MEGBOR LIMITED (REGISTERED NUMBER: 06609171)

BALANCE SHEET - continued
30 June 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2023 and were signed on its behalf by:





Miss M Stuttard - Director


MEGBOR LIMITED (REGISTERED NUMBER: 06609171)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 June 2023

1. STATUTORY INFORMATION

Megbor 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 representing sales of goods is shown net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the customer.

Turnover representing commissions receivable is recognised when the transaction to which the commission relates has been completed.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Trademarks are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

Current or deferred 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

MEGBOR LIMITED (REGISTERED NUMBER: 06609171)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 July 2022
and 30 June 2023 1,124
AMORTISATION
At 1 July 2022
and 30 June 2023 1,124
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2022 170,000 2,664 19,000 4,190 195,854
Additions - 1,000 - - 1,000
At 30 June 2023 170,000 3,664 19,000 4,190 196,854
DEPRECIATION
At 1 July 2022 116,211 2,539 13,000 4,190 135,940
Charge for year 13,447 281 2,000 - 15,728
At 30 June 2023 129,658 2,820 15,000 4,190 151,668
NET BOOK VALUE
At 30 June 2023 40,342 844 4,000 - 45,186
At 30 June 2022 53,789 125 6,000 - 59,914

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 78,225 67,800
Other debtors 2,169,450 1,935,000
VAT 4,983 4,205
2,252,658 2,007,005

MEGBOR LIMITED (REGISTERED NUMBER: 06609171)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 9,981
Tax 56,983 16,123
Directors' current accounts 1,319,003 1,333,314
Accruals and deferred income 120,635 3,225
1,506,621 1,362,643

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 19,184 29,202

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £2,000 (2022 - £8,000) were paid to the directors .