Registered number
09105742
Meghana IT Solutions Limited
Filleted Accounts
30 June 2024
Meghana IT Solutions Limited
Registered number: 09105742
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 - 74
Current assets
Cash at bank and in hand 121 44
Creditors: amounts falling due within one year 4 (16,341) (2,439)
Net current liabilities (16,220) (2,395)
Total assets less current liabilities (16,220) (2,321)
Creditors: amounts falling due after more than one year 5 (12,636) (15,484)
Net liabilities (28,856) (17,805)
Capital and reserves
Called up share capital 100 100
Profit and loss account (28,956) (17,905)
Shareholders' funds (28,856) (17,805)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Muralidhar Reddy Desham
Director
Approved by the board on 24 March 2025
Meghana IT Solutions Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
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 includes revenue earned from the rendering of IT Consultancy Services.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer Equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Going Concern
The accounts are prepared on Going concern basis notwithstanding the fact that the company have accumulated losses as director of the company has confimed continued financial support untill it is financially able to meet its all commitments.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Computer Equipment
£
Cost
At 1 July 2023 740
At 30 June 2024 740
Depreciation
At 1 July 2023 666
Charge for the year 74
At 30 June 2024 740
Net book value
At 30 June 2024 -
At 30 June 2023 74
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs - (2,575)
Other creditors 16,341 5,014
16,341 2,439
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 12,636 15,484
6 Other information
Meghana IT Solutions Limited is a private company limited by shares and incorporated in England. Its registered office is:
190 Uppingham Avenue
Stanmore
Middlesex
HA7 2JT
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