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Registered Number: 06265499


 

 

 

MEGA CHICKENS LTD


Abridged Accounts
 


Period of accounts

Start date: 01 June 2023

End date: 31 May 2024
Report to the directors on the preparation of the unaudited statutory accounts of MEGA CHICKENS LTD for the year ended 31 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of MEGA CHICKENS LTD for the year ended 31 May 2024 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given to us.

As a practising member firm of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional requirements which are detailed at https://www.ifa.org.uk/about-us/acting-in-the-public-interest/memberregulations.

This report is made solely to the Board of Directors of MEGA CHICKENS LTD, as a body, in accordance with the terms of our engagement letter dated 19 March 2025 . Our work has been undertaken solely to prepare for your approval the accounts of MEGA CHICKENS LTD and state those matters that we have agreed to state to the Board of Directors of MEGA CHICKENS LTD, as a body, in this report.To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MEGA CHICKENS LTD and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that MEGA CHICKENS LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of MEGA CHICKENS LTD.You consider that MEGA CHICKENS LTD is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit of the accounts of MEGA CHICKENS LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements 31 May 2024.



....................................................
Akhter's Limited
64 Castle Boulevard
Nottingham
Nottinghamshire
NG7 1FN
19 March 2025
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 238,125    305,547 
238,125    305,547 
Current assets      
Stocks 614,000    300,000 
Debtors 824,933    839,082 
Cash at bank and in hand 141,861    13,447 
1,580,794    1,152,529 
Creditors: amount falling due within one year (990,582)   (657,597)
Net current assets 590,212    494,932 
 
Total assets less current liabilities 828,337    800,479 
Creditors: amount falling due after more than one year (247,305)   (289,804)
Provisions for liabilities (1,436)   (1,108)
Net assets 579,596    509,567 
 

Capital and reserves
     
Called up share capital 4 100    100 
Profit and loss account 579,496    509,467 
Shareholders' funds 579,596    509,567 
 


For the year ended 31 May 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 income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 19 March 2025 and were signed by:


-------------------------------
TEZIK Emrah
Director
2
General Information
MEGA CHICKENS LTD is a private company, limited by shares, registered in , registration number 06265499, registration address UNIT 1, ROCK VALLEY MANSFIELD, Nottingham, NG18 2HA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
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
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 15% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures and Fittings 25% 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 35 (2023 : 29).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Total
  £   £   £   £   £
At 01 June 2023 8,595    48,406    393,139      450,140 
Additions       4,891    4,891 
Disposals        
At 31 May 2024 8,595    48,406    393,139    4,891    455,031 
Depreciation
At 01 June 2023   27,369    117,224      144,593 
Charge for year   3,156    68,979    178    72,313 
On disposals        
At 31 May 2024   30,525    186,203    178    216,906 
Net book values
Closing balance as at 31 May 2024 8,595    17,881    206,936    4,713    238,125 
Opening balance as at 01 June 2023 8,595    21,037    275,915      305,547 


4.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
100 Class A shares of £1.00 each 100    100 
100    100 

3