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REGISTERED NUMBER: 04483939 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st July 2024

for

Megaweb Ltd

Megaweb Ltd (Registered number: 04483939)






Contents of the Financial Statements
for the Year Ended 31st July 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


Megaweb Ltd (Registered number: 04483939)

Balance Sheet
31st July 2024

31.7.24 31.7.23
Notes £    £   
CURRENT ASSETS
Cash at bank 6,579 6,019

CREDITORS
Amounts falling due within one year 5 11,928 10,394
NET CURRENT LIABILITIES (5,349 ) (4,375 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(5,349

)

(4,375

)

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings (5,449 ) (4,475 )
SHAREHOLDERS' FUNDS (5,349 ) (4,375 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 24th March 2025 and were signed by:





Dr S George - Director


Megaweb Ltd (Registered number: 04483939)

Notes to the Financial Statements
for the Year Ended 31st July 2024

1. COMPANY INFORMATION

Megaweb Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04483939

Registered office: The Lexicon
Mount Street
Manchester
M2 5NT

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.

Tangible fixed assets
Tangible Fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment loss.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis:

Fixtures and Fittings - 25% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit or loss.

Going concern
Despite the fact that the company reports negative reserves at the balance sheet date, at the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Megaweb Ltd (Registered number: 04483939)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1st August 2023
and 31st July 2024 500
DEPRECIATION
At 1st August 2023
and 31st July 2024 500
NET BOOK VALUE
At 31st July 2024 -
At 31st July 2023 -

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Directors' current accounts 11,928 10,394

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
100 Ordinary 1 100 100

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st July 2024 and 31st July 2023:

31.7.24 31.7.23
£    £   
Dr S George
Balance outstanding at start of year (10,394 ) (10,382 )
Amounts advanced - 300
Amounts repaid (1,533 ) (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (11,927 ) (10,394 )

The loan is repayable on demand and no interest was charged during the year.

8. CONTROL

The ultimate controlling party is Dr S George by virtue of holding 70% of the shares.