Acorah Software Products - Accounts Production 16.0.110 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 09210848 Mrs Funmilola Bamidele Dr Abiodun Bamidele iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09210848 2023-09-30 09210848 2024-09-30 09210848 2023-10-01 2024-09-30 09210848 frs-core:CurrentFinancialInstruments 2024-09-30 09210848 frs-core:Non-currentFinancialInstruments 2024-09-30 09210848 frs-core:ComputerEquipment 2024-09-30 09210848 frs-core:ComputerEquipment 2023-10-01 2024-09-30 09210848 frs-core:ComputerEquipment 2023-09-30 09210848 frs-core:FurnitureFittings 2024-09-30 09210848 frs-core:FurnitureFittings 2023-10-01 2024-09-30 09210848 frs-core:FurnitureFittings 2023-09-30 09210848 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-09-30 09210848 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 09210848 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-30 09210848 frs-core:MotorVehicles 2023-10-01 2024-09-30 09210848 frs-core:PlantMachinery 2023-10-01 2024-09-30 09210848 frs-core:ShareCapital 2024-09-30 09210848 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 09210848 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 09210848 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 09210848 frs-bus:SmallEntities 2023-10-01 2024-09-30 09210848 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 09210848 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 09210848 frs-bus:Director1 2023-10-01 2024-09-30 09210848 frs-bus:Director2 2023-10-01 2024-09-30 09210848 frs-countries:EnglandWales 2023-10-01 2024-09-30 09210848 2022-09-30 09210848 2023-09-30 09210848 2022-10-01 2023-09-30 09210848 frs-core:CurrentFinancialInstruments 2023-09-30 09210848 frs-core:Non-currentFinancialInstruments 2023-09-30 09210848 frs-core:ShareCapital 2023-09-30 09210848 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 09210848
Megascott Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
C&H Associates T/AS Mobile Accountants
Chartered Management Accountants & Tax Practitioners
206 Turners Hill
Cheshunt
Waltham Cross
Hertfordshire
EN8 9DE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09210848
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 51,692 52,211
51,692 52,211
CURRENT ASSETS
Debtors 5 388 705
Cash at bank and in hand 1,038 13,280
1,426 13,985
Creditors: Amounts Falling Due Within One Year 6 (5,573 ) (5,577 )
NET CURRENT ASSETS (LIABILITIES) (4,147 ) 8,408
TOTAL ASSETS LESS CURRENT LIABILITIES 47,545 60,619
Creditors: Amounts Falling Due After More Than One Year 7 (9,642 ) (13,832 )
NET ASSETS 37,903 46,787
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 37,803 46,687
SHAREHOLDERS' FUNDS 37,903 46,787
Page 1
Page 2
For the year ending 30 September 2024 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Dr Abiodun Bamidele
Director
07/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Megascott Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09210848 . The registered office is 206 Turners Hill, Cheshunt, Hertfordshire, EN8 9DE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 0
Plant & Machinery 20
Motor Vehicles 20
Fixtures & Fittings 20
Computer Equipment 20
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 October 2023 49,614 256 5,466 55,336
As at 30 September 2024 49,614 256 5,466 55,336
Depreciation
As at 1 October 2023 - 151 2,974 3,125
Provided during the period - 21 498 519
As at 30 September 2024 - 172 3,472 3,644
Net Book Value
As at 30 September 2024 49,614 84 1,994 51,692
As at 1 October 2023 49,614 105 2,492 52,211
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Page 4
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 376 705
VAT 12 -
388 705
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other taxes and social security 3,953 4,174
Accruals and deferred income 980 981
Directors' loan accounts 640 422
5,573 5,577
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 9,642 13,832
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4