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REGISTERED NUMBER: 09496297 (England and Wales)















MEGA CONSTRUCTION (MIDLANDS) LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






MEGA CONSTRUCTION (MIDLANDS) LIMITED (REGISTERED NUMBER: 09496297)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 7


MEGA CONSTRUCTION (MIDLANDS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: Mr Petrit Cekrezi





SECRETARY:





REGISTERED OFFICE: 184B Haslucks Green Road
Shirley
Solihull
West Midlands
B90 2LN





REGISTERED NUMBER: 09496297 (England and Wales)





ACCOUNTANTS: Shareef & Co
Chartered Accountants
18 - 22 Stoney Lane
Yardley
Birmingham
West Midlands
B25 8YP

MEGA CONSTRUCTION (MIDLANDS) LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
MEGA CONSTRUCTION (MIDLANDS) LIMITED


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2023 set out on pages four to twelve and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Shareef & Co
Chartered Accountants
18 - 22 Stoney Lane
Yardley
Birmingham
West Midlands
B25 8YP


7 February 2024

MEGA CONSTRUCTION (MIDLANDS) LIMITED (REGISTERED NUMBER: 09496297)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 451,993 96,995

CURRENT ASSETS
Stocks 96,946 231,448
Debtors 5 1,346,736 1,193,709
Cash at bank and in hand 714,101 472,526
2,157,783 1,897,683
CREDITORS
Amounts falling due within one year 6 578,487 576,352
NET CURRENT ASSETS 1,579,296 1,321,331
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,031,289

1,418,326

CREDITORS
Amounts falling due after more than one
year

7

11,142

30,848
NET ASSETS 2,020,147 1,387,478

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 2,019,847 1,387,178
SHAREHOLDERS' FUNDS 2,020,147 1,387,478

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MEGA CONSTRUCTION (MIDLANDS) LIMITED (REGISTERED NUMBER: 09496297)

BALANCE SHEET - continued
31 MARCH 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 director and authorised for issue on 7 February 2024 and were signed by:





Mr Petrit Cekrezi - Director


MEGA CONSTRUCTION (MIDLANDS) LIMITED (REGISTERED NUMBER: 09496297)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Mega Construction (Midlands) 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc - 25% on reducing balance and 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2022 - 32 ) .

MEGA CONSTRUCTION (MIDLANDS) LIMITED (REGISTERED NUMBER: 09496297)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 - 189,018 189,018
Additions 322,274 85,343 407,617
Disposals - (36,814 ) (36,814 )
At 31 March 2023 322,274 237,547 559,821
DEPRECIATION
At 1 April 2022 - 92,023 92,023
Charge for year - 35,857 35,857
Eliminated on disposal - (20,052 ) (20,052 )
At 31 March 2023 - 107,828 107,828
NET BOOK VALUE
At 31 March 2023 322,274 129,719 451,993
At 31 March 2022 - 96,995 96,995

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 5,000 -
Amounts owed by connected companies 422,690 296,670
Other debtors 919,046 897,039
1,346,736 1,193,709

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 19,866 19,866
Trade creditors 137,562 79,072
Taxation and social security 287,207 257,012
Other creditors 133,852 220,402
578,487 576,352

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 11,142 30,848

MEGA CONSTRUCTION (MIDLANDS) LIMITED (REGISTERED NUMBER: 09496297)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
Mr Petrit Cekrezi
Balance outstanding at start of year 217,085 186,574
Amounts advanced - 30,511
Amounts repaid (8,835 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 208,250 217,085