Company Registration No. 08229050 (England and Wales)
Mega Electrical NW Ltd
Unaudited accounts
for the year ended 30 September 2024
Mega Electrical NW Ltd
Unaudited accounts
Contents
Mega Electrical NW Ltd
Company Information
for the year ended 30 September 2024
Directors
Mr Gareth Jones
Mr Carl Bellis
Company Number
08229050 (England and Wales)
Registered Office
Unit 6, Antelope Industrial Estate
Rhydymwyn
Mold
Flintshire
CH7 5JH
United Kingdom
Accountants
P & L Accountancy
51 High Street
Mold
Flintshire
CH7 1BQ
Mega Electrical NW Ltd
Statement of financial position
as at 30 September 2024
Tangible assets
324,738
376,127
Inventories
214,973
219,440
Debtors
1,059,056
1,160,357
Cash at bank and in hand
91,678
59,337
Creditors: amounts falling due within one year
(258,419)
(350,861)
Net current assets
1,107,288
1,088,273
Total assets less current liabilities
1,432,026
1,464,400
Creditors: amounts falling due after more than one year
(67,478)
(120,924)
Provisions for liabilities
Deferred tax
(69,085)
(77,076)
Net assets
1,295,463
1,266,400
Called up share capital
100
100
Profit and loss account
1,295,363
1,266,300
Shareholders' funds
1,295,463
1,266,400
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 May 2025 and were signed on its behalf by
Mr Gareth Jones
Director
Company Registration No. 08229050
Mega Electrical NW Ltd
Notes to the Accounts
for the year ended 30 September 2024
Mega Electrical NW Ltd is a private company, limited by shares, registered in England and Wales, registration number 08229050. The registered office is Unit 6, Antelope Industrial Estate, Rhydymwyn, Mold, Flintshire, CH7 5JH, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Motor vehicles
20% Reducing Balance
Fixtures & fittings
20% Reducing Balance
Computer equipment
20% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 October 2023
137,681
482,424
26,553
8,585
655,243
Additions
19,948
13,000
-
2,844
35,792
Disposals
(2,947)
(10,245)
-
-
(13,192)
At 30 September 2024
154,682
485,179
26,553
11,429
677,843
At 1 October 2023
73,363
190,646
10,731
4,376
279,116
Charge for the year
14,419
59,849
3,165
2,106
79,539
On disposals
(1,245)
(4,305)
-
-
(5,550)
At 30 September 2024
86,537
246,190
13,896
6,482
353,105
At 30 September 2024
68,145
238,989
12,657
4,947
324,738
At 30 September 2023
64,318
291,778
15,822
4,209
376,127
Mega Electrical NW Ltd
Notes to the Accounts
for the year ended 30 September 2024
Amounts falling due within one year
Trade debtors
369,657
583,213
Amounts due from group undertakings etc.
622,792
530,806
Accrued income and prepayments
26,393
26,401
Other debtors
40,214
19,937
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
990
2,649
Trade creditors
148,833
304,196
Taxes and social security
89,601
21,705
7
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
26,332
10,160
8
Average number of employees
During the year the average number of employees was 25 (2023: 25).