Company Registration No. 10306718 (England and Wales)
MEGHA TRADERS LTD
Unaudited accounts
for the year ended 31 August 2023
MEGHA TRADERS LTD
Unaudited accounts
Contents
MEGHA TRADERS LTD
Company Information
for the year ended 31 August 2023
Director
Prakash Balasundaram
Company Number
10306718 (England and Wales)
Registered Office
136 Wulfstan Way
Cambridge
CB1 8QJ
MEGHA TRADERS LTD
Statement of financial position
as at 31 August 2023
Intangible assets
3,373
4,498
Tangible assets
9,790
9,626
Cash at bank and in hand
5,954
3,029
Creditors: amounts falling due within one year
(26,970)
(11,923)
Net current assets
1,930
4,152
Total assets less current liabilities
15,093
18,276
Creditors: amounts falling due after more than one year
(15,032)
(15,940)
Called up share capital
1
1
Profit and loss account
60
2,335
Shareholders' funds
61
2,336
For the year ending 31 August 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 31 August 2024 and were signed on its behalf by
Prakash Balasundaram
Director
Company Registration No. 10306718
MEGHA TRADERS LTD
Notes to the Accounts
for the year ended 31 August 2023
MEGHA TRADERS LTD is a private company, limited by shares, registered in England and Wales, registration number 10306718. The registered office is 136 Wulfstan Way, Cambridge, CB1 8QJ.
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.
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
18 % WDV
Fixtures & fittings
18% WDV
Computer equipment
25% WDV
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
MEGHA TRADERS LTD
Notes to the Accounts
for the year ended 31 August 2023
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 September 2022
10,000
15,000
712
799
26,511
Additions
1,100
-
958
-
2,058
At 31 August 2023
11,100
15,000
1,670
799
28,569
At 1 September 2022
7,544
8,960
181
200
16,885
Charge for the year
557
1,087
100
150
1,894
At 31 August 2023
8,101
10,047
281
350
18,779
At 31 August 2023
2,999
4,953
1,389
449
9,790
At 31 August 2022
2,456
6,040
531
599
9,626
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
2,646
4,376
Trade creditors
18,409
2,724
Taxes and social security
864
616
Other creditors
5,051
3,957
8
Creditors: amounts falling due after more than one year
2023
2022
9
Average number of employees
During the year the average number of employees was 1 (2022: 2).