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REGISTERED NUMBER: 07432325 (England and Wales)















Megawatt-X Limited

Unaudited Financial Statements

for the Year Ended 30 November 2024






Megawatt-X Limited (Registered number: 07432325)

Contents of the Financial Statements
for the year ended 30 November 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Megawatt-X Limited

Company Information
for the year ended 30 November 2024







Director: L V Segalen





Registered office: New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 07432325 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

Megawatt-X Limited (Registered number: 07432325)

Balance Sheet
30 November 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 2,653 1,250

Current assets
Debtors 5 6,592 -
Cash at bank 168,698 219,038
175,290 219,038
Creditors
Amounts falling due within one year 6 15,614 22,194
Net current assets 159,676 196,844
Total assets less current liabilities 162,329 198,094

Capital and reserves
Called up share capital 7 10,100 10,100
Share premium 8 39,900 39,900
Retained earnings 8 112,329 148,094
Shareholders' funds 162,329 198,094

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 Income Statement has not been delivered.

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





L V Segalen - Director


Megawatt-X Limited (Registered number: 07432325)

Notes to the Financial Statements
for the year ended 30 November 2024


1. Statutory information

Megawatt-X Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover represents amounts receivable for services provided in the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. Employees and directors

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

4. Tangible fixed assets
Fixtures
and
fittings
£
Cost
At 1 December 2023 2,144
Additions 1,980
At 30 November 2024 4,124
Depreciation
At 1 December 2023 894
Charge for year 577
At 30 November 2024 1,471
Net book value
At 30 November 2024 2,653
At 30 November 2023 1,250

5. Debtors: amounts falling due within one year
2024 2023
£ £
Other debtors 6,592 -

Megawatt-X Limited (Registered number: 07432325)

Notes to the Financial Statements - continued
for the year ended 30 November 2024


6. Creditors: amounts falling due within one year
2024 2023
£ £
Taxation and social security - 14,529
Other creditors 15,614 7,665
15,614 22,194

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
10,100 Ordinary £1 10,100 10,100

8. Reserves
Retained Share
earnings premium Totals
£ £ £

At 1 December 2023 148,094 39,900 187,994
Deficit for the year (35,765 ) (35,765 )
At 30 November 2024 112,329 39,900 152,229

9. Related party disclosures

Included in other creditors is £13,114 (2023 - £5,625) owed to the director.