Company Registration No. 11015511 (England and Wales)
Meganaut Ltd
Unaudited accounts
for the year ended 31 December 2023
Meganaut Ltd
Unaudited accounts
Contents
Meganaut Ltd
Company Information
for the year ended 31 December 2023
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
Meganaut Ltd
Statement of financial position
as at 31 December 2023
Cash at bank and in hand
62,602
63,812
Creditors: amounts falling due within one year
(6,193)
(11,135)
Net current assets
61,575
55,607
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
Meganaut Ltd
Notes to the Accounts
for the year ended 31 December 2023
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.
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.
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 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.
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.
Amounts falling due within one year
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
1,452
7,589
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).