Registered number
01408824
Megacon Controls Limited
Filleted Accounts
31 December 2024
Megacon Controls Limited
Registered number: 01408824
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 37,528 40,259
Current assets
Stocks 421,873 439,389
Debtors 5 91,694 202,186
Cash at bank and in hand 171,750 118,729
685,317 760,304
Creditors: amounts falling due within one year 6 (103,611) (143,449)
Net current assets 581,706 616,855
Net assets 619,234 657,114
Capital and reserves
Called up share capital 301 301
Share premium 599 599
Profit and loss account 618,334 656,214
Shareholders' funds 619,234 657,114
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.
C P Jenkins
Director
Approved by the board on 10 September 2025
Megacon Controls Limited
Notes to the Accounts
for the year ended 31 December 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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 4 years
Fixtures, fittings, tools and equipment over 4 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 11 10
3 Intangible fixed assets £
Research and Development:
Cost
At 1 January 2024 99,405
At 31 December 2024 99,405
Amortisation
At 1 January 2024 99,405
At 31 December 2024 99,405
Net book value
At 31 December 2024 -
Research and Development is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 January 2024 179,335 470,306 649,641
Additions - 21,042 21,042
Disposals - (634) (634)
At 31 December 2024 179,335 490,714 670,049
Depreciation
At 1 January 2024 179,335 430,047 609,382
Charge for the year - 23,393 23,393
On disposals - (254) (254)
At 31 December 2024 179,335 453,186 632,521
Net book value
At 31 December 2024 - 37,528 37,528
At 31 December 2023 - 40,259 40,259
5 Debtors 2024 2023
£ £
Trade debtors 46,102 53,490
Amounts owed by group undertakings and undertakings in which the company has a participating interest 32,192 88,527
Other debtors 13,400 60,169
91,694 202,186
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 37,738 62,441
Taxation and social security costs 25,683 39,362
Other creditors 40,190 41,646
103,611 143,449
7 Other information
Megacon Controls Limited is a private company limited by shares and incorporated in England. Its registered office is:
4 Chapel Row
Queen Square
Bath
BA1 1HN
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