1 September 2022 false No description of principal activity Taxfiler 2024.5 10306718business:PrivateLimitedCompanyLtd2022-09-012023-08-31 103067182022-08-31 103067182022-09-012023-08-31 10306718business:AuditExempt-NoAccountantsReport2022-09-012023-08-31 10306718business:FilletedAccounts2022-09-012023-08-31 103067182023-08-31 10306718business:Director12022-09-012023-08-31 10306718business:RegisteredOffice2022-09-012023-08-31 103067182022-08-31 10306718core:WithinOneYear2023-08-31 10306718core:WithinOneYear2022-08-31 10306718core:AfterOneYear2023-08-31 10306718core:AfterOneYear2022-08-31 10306718core:ShareCapitalcore:PreviouslyStatedAmount2023-08-31 10306718core:ShareCapitalcore:PreviouslyStatedAmount2022-08-31 10306718core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 10306718core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-08-31 10306718core:PreviouslyStatedAmount2023-08-31 10306718core:PreviouslyStatedAmount2022-08-31 10306718business:SmallEntities2022-09-012023-08-31 10306718countries:EnglandWales2022-09-012023-08-31 10306718core:PlantMachinery2022-09-012023-08-31 10306718core:MotorVehicles2022-09-012023-08-31 10306718core:FurnitureFittings2022-09-012023-08-31 10306718core:ComputerEquipment2022-09-012023-08-31 10306718core:Goodwill2022-08-31 10306718core:Goodwill2023-08-31 10306718core:Goodwill2022-09-012023-08-31 10306718core:PlantMachinery2022-08-31 10306718core:MotorVehicles2022-08-31 10306718core:FurnitureFittings2022-08-31 10306718core:ComputerEquipment2022-08-31 10306718core:PlantMachinery2023-08-31 10306718core:MotorVehicles2023-08-31 10306718core:FurnitureFittings2023-08-31 10306718core:ComputerEquipment2023-08-31 103067182021-09-012022-08-31 iso4217:GBP xbrli:pure
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
Page
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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
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MEGHA TRADERS LTD Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
3,373 
4,498 
Tangible assets
9,790 
9,626 
13,163 
14,124 
Current assets
Inventories
20,500 
9,760 
Debtors
2,446 
3,286 
Cash at bank and in hand
5,954 
3,029 
28,900 
16,075 
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)
Net assets
61 
2,336 
Capital and reserves
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
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MEGHA TRADERS LTD Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
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.
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
18 % WDV
Motor vehicles
18% WDV
Fixtures & fittings
18% WDV
Computer equipment
25% WDV
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 September 2022
8,000 
At 31 August 2023
8,000 
Amortisation
At 1 September 2022
3,502 
Charge for the year
1,125 
At 31 August 2023
4,627 
Net book value
At 31 August 2023
3,373 
At 31 August 2022
4,498 
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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 
Depreciation
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 
Net book value
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 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,309 
1,389 
Other debtors
1,137 
1,897 
2,446 
3,286 
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 
Accruals
- 
250 
26,970 
11,923 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
15,032 
15,940 
9
Average number of employees
During the year the average number of employees was 1 (2022: 2).
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