Registered number
04028221
Meda Technologies Limited
Filleted Accounts
31 July 2023
Meda Technologies Limited
Registered number: 04028221
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 66,668 88,890
Current assets
Debtors 4 3,050 30,770
Cash at bank and in hand 42,997 39,767
46,047 70,537
Creditors: amounts falling due within one year 5 (17,622) (20,561)
Net current assets 28,425 49,976
Total assets less current liabilities 95,093 138,866
Creditors: amounts falling due after more than one year 6 (22,286) (33,764)
Net assets 72,807 105,102
Capital and reserves
Called up share capital 100 100
Profit and loss account 72,707 105,002
Shareholders' funds 72,807 105,102
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
…………………………………….
M Adams
Director
Approved by the board on 11 April 2024
Meda Technologies Limited
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Motor Vehicles 25% reducing balance
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 August 2022 29,467 102,380 131,847
At 31 July 2023 29,467 102,380 131,847
Depreciation
At 1 August 2022 20,994 21,963 42,957
Charge for the year 2,118 20,104 22,222
At 31 July 2023 23,112 42,067 65,179
Net book value
At 31 July 2023 6,355 60,313 66,668
At 31 July 2022 8,473 80,417 88,890
4 Debtors 2023 2022
£ £
Trade debtors - 24,798
Vat 208 -
Other debtors 2,842 5,972
3,050 30,770
5 Creditors: amounts falling due within one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 12,144 12,144
Trade creditors 46 -
Taxation and social security costs - 5,872
Other creditors 5,432 2,545
17,622 20,561
6 Creditors: amounts falling due after one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 22,286 33,764
7 Other information
Meda Technologies Limited is a private company limited by shares and incorporated in England. Its registered office is:
17 Linford Forum
Rockingham Drive
Linford Wood
Milton Keynes
MK14 6LY
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