1 March 2023 false Taxfiler 2024.6 11842488business:PrivateLimitedCompanyLtd2023-03-012024-02-29 118424882023-02-28 118424882023-03-012024-02-29 11842488business:AuditExemptWithAccountantsReport2023-03-012024-02-29 11842488business:FilletedAccounts2023-03-012024-02-29 118424882024-02-29 11842488business:Director12023-03-012024-02-29 11842488business:RegisteredOffice2023-03-012024-02-29 118424882023-02-28 11842488core:WithinOneYear2024-02-29 11842488core:WithinOneYear2023-02-28 11842488core:AfterOneYear2024-02-29 11842488core:AfterOneYear2023-02-28 11842488core:ShareCapitalcore:PreviouslyStatedAmount2024-02-29 11842488core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 11842488core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-29 11842488core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 11842488core:PreviouslyStatedAmount2024-02-29 11842488core:PreviouslyStatedAmount2023-02-28 11842488business:SmallEntities2023-03-012024-02-29 11842488countries:EnglandWales2023-03-012024-02-29 11842488core:MotorVehicles2023-03-012024-02-29 11842488core:ComputerEquipment2023-03-012024-02-29 11842488core:MotorVehicles2023-02-28 11842488core:ComputerEquipment2023-02-28 11842488core:MotorVehicles2024-02-29 11842488core:ComputerEquipment2024-02-29 11842488core:WithinOneYear2023-03-012024-02-29 11842488core:AfterOneYear2023-03-012024-02-29 118424882022-03-012023-02-28 iso4217:GBP xbrli:pure
Company Registration No. 11842488 (England and Wales)
MEGALINK LTD Unaudited accounts for the year ended 29 February 2024
MEGALINK LTD Unaudited accounts Contents
Page
- 2 -
MEGALINK LTD Company Information for the year ended 29 February 2024
Director
Anthony Edem Kofi Adigbo
Company Number
11842488 (England and Wales)
Registered Office
71-75 SHELTON STREET LONDON GREATER LONDON WC2H 9JQ UNITED KINGDOM
Accountants
Edmil Accountants UK Ltd 146 Broadway Didcot Oxfordshire OX11 8SH
- 3 -
MEGALINK LTD Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
700 
1,400 
Current assets
Cash at bank and in hand
1,172 
- 
Creditors: amounts falling due within one year
(11,401)
(7,774)
Net current liabilities
(10,229)
(7,774)
Total assets less current liabilities
(9,529)
(6,374)
Creditors: amounts falling due after more than one year
(8,724)
(10,057)
Net liabilities
(18,253)
(16,431)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(18,353)
(16,531)
Shareholders' funds
(18,253)
(16,431)
For the year ending 29 February 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 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 November 2024 and were signed on its behalf by
Anthony Edem Kofi Adigbo Director Company Registration No. 11842488
- 4 -
MEGALINK LTD Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
MEGALINK LTD is a private company, limited by shares, registered in England and Wales, registration number 11842488. The registered office is 71-75 SHELTON STREET, LONDON, GREATER LONDON, WC2H 9JQ, UNITED KINGDOM.
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:
Motor vehicles
20% Straight Line
Computer equipment
20% Straight Line
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2023
2,500 
1,000 
3,500 
At 29 February 2024
2,500 
1,000 
3,500 
Depreciation
At 1 March 2023
1,500 
600 
2,100 
Charge for the year
500 
200 
700 
At 29 February 2024
2,000 
800 
2,800 
Net book value
At 29 February 2024
500 
200 
700 
At 28 February 2023
1,000 
400 
1,400 
- 5 -
MEGALINK LTD Notes to the Accounts for the year ended 29 February 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
157 
Loans from directors
11,401 
7,617 
11,401 
7,774 
Included in Creditors is an amount of £7,137 owed to the Director Mr Anthony Edem Kofi Adigbo.
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
8,724 
10,057 
Included in Creditors due over 12 months is an amount of £8,724 owed to Barclays Bank in the form of Bounce Back Loan. (FY:2023- £10,057 )
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
- 6 -