2023-04-01 2024-03-31 false No description of principal activity Capium Accounts Production 1.1 07690577 2023-04-01 2024-03-31 07690577 bus:FullAccounts 2023-04-01 2024-03-31 07690577 bus:FRS102 2023-04-01 2024-03-31 07690577 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 07690577 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 07690577 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07690577 2023-04-01 2024-03-31 07690577 2024-03-31 07690577 bus:RegisteredOffice 2023-04-01 2024-03-31 07690577 core:WithinOneYear 2024-03-31 07690577 core:AfterOneYear 2024-03-31 07690577 1 2023-04-01 2024-03-31 07690577 bus:Director1 2023-04-01 2024-03-31 07690577 bus:Director1 2024-03-31 07690577 bus:Director1 2022-04-01 2023-03-31 07690577 2022-04-01 07690577 bus:LeadAgentIfApplicable 2023-04-01 2024-03-31 07690577 2022-04-01 2023-03-31 07690577 2023-03-31 07690577 core:WithinOneYear 2023-03-31 07690577 core:AfterOneYear 2023-03-31 07690577 bus:EntityAccountantsOrAuditors 2022-04-01 2023-03-31 07690577 core:PlantMachinery 2023-04-01 2024-03-31 07690577 core:PlantMachinery 2024-03-31 07690577 core:PlantMachinery 2023-03-31 07690577 core:FurnitureFittings 2023-04-01 2024-03-31 07690577 core:FurnitureFittings 2024-03-31 07690577 core:FurnitureFittings 2023-03-31 07690577 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-03-31 07690577 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-03-31 07690577 core:CostValuation core:Non-currentFinancialInstruments 2024-03-31 07690577 core:CostValuation core:Non-currentFinancialInstruments 2023-03-31 07690577 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-03-31 07690577 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-03-31 07690577 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-03-31 07690577 core:Non-currentFinancialInstruments 2024-03-31 07690577 core:Non-currentFinancialInstruments 2023-03-31 07690577 core:ShareCapital 2024-03-31 07690577 core:ShareCapital 2023-03-31 07690577 core:RetainedEarningsAccumulatedLosses 2024-03-31 07690577 core:RetainedEarningsAccumulatedLosses 2023-03-31 07690577 dpl:Item1 2023-04-01 07690577 dpl:Item1 2024-03-31 07690577 dpl:Item1 2022-04-01 07690577 dpl:Item1 2023-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 07690577
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 31 March 2024

for

MEGAZONE (LEICESTER) LIMITED

 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 103,686    107,528 
103,686    107,528 
Current assets      
Stocks 4 250    250 
Debtors 5 337    14,174 
Cash at bank and in hand 33,352    21,189 
33,939    35,613 
Creditors: amount falling due within one year 6 (42,477)   (62,676)
Net current assets (8,538)   (27,063)
 
Total assets less current liabilities 95,148    80,465 
Creditors: amount falling due after more than one year 7 (12,062)   (19,903)
Provisions for liabilities 8 (25,921)   (26,882)
Net assets 57,165    33,680 
 

Capital and reserves
     
Called up share capital 10    10 
Profit and loss account 57,155    33,670 
Shareholders' funds 57,165    33,680 
 


For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 27 December 2024 and were signed by:


-------------------------------
Tirion Davies
Director
1
General Information
Megazone (Leicester) Limited is a private company, limited by shares, registered in England and Wales, registration number 07690577, registration address 23 Gower Street, Leicester, LE1 3LH.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 20% Reducing Balance
Fixtures and Fittings 20% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 10 (2023 : 8).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Total
  £   £   £
At 01 April 2023 165,813    23,863    189,676 
Additions 22,079      22,079 
Disposals    
At 31 March 2024 187,892    23,863    211,755 
Depreciation
At 01 April 2023 68,637    13,511    82,148 
Charge for year 23,851    2,070    25,921 
On disposals    
At 31 March 2024 92,488    15,581    108,069 
Net book values
Closing balance as at 31 March 2024 95,404    8,282    103,686 
Opening balance as at 01 April 2023 97,176    10,352    107,528 


4.

Stocks

2024
£
  2023
£
Stocks 250    250 
250    250 

5.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 337   
Prepayments & Accrued Income   6,863 
VAT   7,311 
337    14,174 

6.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 10,784    10,627 
Bank Loans & Overdrafts 13,285    8,838 
PAYE & Social Security 1,316    2,277 
Other Creditors   33,641 
Directors' Current Accounts 9,248    7,293 
VAT 7,844   
42,477    62,676 

7.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank Loans & Overdrafts 12,062    19,903 
12,062    19,903 

8.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax 25,921    26,882 
25,921    26,882 

2