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Company Registration No. 08552513 (England and Wales)
Megaplas Limited Unaudited accounts for the year ended 31 December 2024
Megaplas Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Megaplas Limited Company Information for the year ended 31 December 2024
Directors
J Wright M Falkingham
Company Number
08552513 (England and Wales)
Registered Office
The Granary Hughley Shrewsbury SY5 6NX
Accountants
WBG Accounting Services 56 Ashgillhead Road Larkhall Larkhall ML9 3AE
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Megaplas Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
13,381 
17,842 
Current assets
Inventories
7,742 
37,742 
Debtors
277,538 
214,663 
Cash at bank and in hand
19,735 
34,147 
305,015 
286,552 
Creditors: amounts falling due within one year
(173,888)
(189,050)
Net current assets
131,127 
97,502 
Total assets less current liabilities
144,508 
115,344 
Creditors: amounts falling due after more than one year
(15,540)
(24,266)
Provisions for liabilities
Other provisions
(505)
(505)
Net assets
128,463 
90,573 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
128,461 
90,571 
Shareholders' funds
128,463 
90,573 
For the year ending 31 December 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 25 September 2025 and were signed on its behalf by
J Wright Director Company Registration No. 08552513
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Megaplas Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Megaplas Limited is a private company, limited by shares, registered in England and Wales, registration number 08552513. The registered office is The Granary, Hughley, Shrewsbury, SY5 6NX.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Motor vehicles
25% Reducing Balance
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 January 2024
56,289 
At 31 December 2024
56,289 
Depreciation
At 1 January 2024
38,447 
Charge for the year
4,461 
At 31 December 2024
42,908 
Net book value
At 31 December 2024
13,381 
At 31 December 2023
17,842 
5
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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