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Company Registration No. 11015511 (England and Wales)
Meganaut Ltd Unaudited accounts for the year ended 31 December 2023
Meganaut Ltd Unaudited accounts Contents
Page
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Meganaut Ltd Company Information for the year ended 31 December 2023
Director
Meghan Spurlock
Company Number
11015511 (England and Wales)
Registered Office
146 MELBOURNE STREET EAST GLOUCESTER GLOUCESTERSHIRE GL1 4NP ENGLAND
Accountants
Louise Newman & Co Ltd 2 Bath Mews Bath Parade Cheltenham Gloucestershire GL53 7HL
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Meganaut Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Debtors
5,166 
2,930 
Cash at bank and in hand
62,602 
63,812 
67,768 
66,742 
Creditors: amounts falling due within one year
(6,193)
(11,135)
Net current assets
61,575 
55,607 
Net assets
61,575 
55,607 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
61,574 
55,606 
Shareholders' funds
61,575 
55,607 
For the year ending 31 December 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 director acknowledges her 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 and authorised for issue on 4 March 2024 and were signed on its behalf by
Meghan Spurlock Director Company Registration No. 11015511
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Meganaut Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Meganaut Ltd is a private company, limited by shares, registered in England and Wales, registration number 11015511. The registered office is 146 MELBOURNE STREET EAST, GLOUCESTER, GLOUCESTERSHIRE, GL1 4NP, ENGLAND.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
5,070 
2,160 
Other debtors
96 
770 
5,166 
2,930 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
3,976 
2,858 
Taxes and social security
1,452 
7,589 
Accruals
765 
688 
6,193 
11,135 
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Meganaut Ltd Notes to the Accounts for the year ended 31 December 2023
6
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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