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Company Registration No. 11619094 (England and Wales)
Mega Glaze Ltd Unaudited accounts for the year ended 31 October 2023
Mega Glaze Ltd Unaudited accounts Contents
Page
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Mega Glaze Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,593 
6,858 
Current assets
Inventories
500 
500 
Debtors
40,473 
96,129 
Cash at bank and in hand
(7,533)
(25,333)
33,440 
71,296 
Creditors: amounts falling due within one year
(45,176)
(11,696)
Net current (liabilities)/assets
(11,736)
59,600 
Total assets less current liabilities
(8,143)
66,458 
Creditors: amounts falling due after more than one year
(39,739)
(41,266)
Net (liabilities)/assets
(47,882)
25,192 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(47,884)
25,190 
Shareholders' funds
(47,882)
25,192 
For the year ending 31 October 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 his 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 30 July 2024 and were signed on its behalf by
Mr S Benesh Director Company Registration No. 11619094
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Mega Glaze Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Mega Glaze Ltd is a private company, limited by shares, registered in England and Wales, registration number 11619094.
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.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20%
Motor vehicles
20%
Computer equipment
20%
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 November 2022
5,650 
10,764 
2,502 
18,916 
Additions
- 
- 
1 
1 
Disposals
(155)
- 
- 
(155)
At 31 October 2023
5,495 
10,764 
2,503 
18,762 
Depreciation
At 1 November 2022
2,627 
8,267 
1,164 
12,058 
Charge for the year
346 
2,497 
268 
3,111 
At 31 October 2023
2,973 
10,764 
1,432 
15,169 
Net book value
At 31 October 2023
2,522 
- 
1,071 
3,593 
At 31 October 2022
3,023 
2,497 
1,338 
6,858 
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Mega Glaze Ltd Notes to the Accounts for the year ended 31 October 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
6,959 
26,395 
Trade debtors
33,514 
56,449 
Other debtors
- 
13,285 
40,473 
96,129 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
1,649 
1,649 
Trade creditors
43,712 
12,609 
Taxes and social security
(2,297)
(4,615)
Other creditors
(444)
- 
Loans from directors
2,556 
1,053 
Accruals
- 
1,000 
45,176 
11,696 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
39,739 
41,266 
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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