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REGISTERED NUMBER: 08901434 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

MEGAHERTZ TECHNOLOGIES LIMITED

MEGAHERTZ TECHNOLOGIES LIMITED (REGISTERED NUMBER: 08901434)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MEGAHERTZ TECHNOLOGIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: K Jain
A Stevenson





REGISTERED OFFICE: 115c Milton Road
Cambridge
CB4 1XE





REGISTERED NUMBER: 08901434 (England and Wales)





ACCOUNTANTS: Prentis & Co LLP
Chartered Accountants
115c Milton Road
Cambridge
CB4 1XE

MEGAHERTZ TECHNOLOGIES LIMITED (REGISTERED NUMBER: 08901434)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,417 1,308

CURRENT ASSETS
Debtors 5 22,361 21,831
Investments 6 830 1,529
Cash at bank 11,255 1,956
34,446 25,316
CREDITORS
Amounts falling due within one year 7 5,726 5,393
NET CURRENT ASSETS 28,720 19,923
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,137

21,231

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 30,037 21,131
SHAREHOLDERS' FUNDS 30,137 21,231

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 October 2024 and were signed on its behalf by:





K Jain - Director


MEGAHERTZ TECHNOLOGIES LIMITED (REGISTERED NUMBER: 08901434)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Megahertz Technologies 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 March 2023 6,775
Additions 1,019
At 29 February 2024 7,794
DEPRECIATION
At 1 March 2023 5,467
Charge for year 910
At 29 February 2024 6,377
NET BOOK VALUE
At 29 February 2024 1,417
At 28 February 2023 1,308

MEGAHERTZ TECHNOLOGIES LIMITED (REGISTERED NUMBER: 08901434)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax - 1,990
Accruals 22,361 19,841
22,361 21,831

6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Currency trading 830 1,529

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 388 -
Social security and other taxes 829 -
Directors' loan accounts 3,579 4,563
Accruals and deferred income 930 830
5,726 5,393

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are K Jain and A C Stevenson by virtue of their 100% ownership of the issued ordinary share capital.