1 January 2024 false No description of principal activity Taxfiler 2024.6 SC524738business:PrivateLimitedCompanyLtd2024-01-012024-12-31 SC5247382023-12-31 SC5247382024-01-012024-12-31 SC524738business:AuditExemptWithAccountantsReport2024-01-012024-12-31 SC524738business:AbridgedAccounts2024-01-012024-12-31 SC5247382024-12-31 SC524738business:Director12024-01-012024-12-31 SC524738business:RegisteredOffice2024-01-012024-12-31 SC5247382023-12-31 SC524738core:WithinOneYear2024-12-31 SC524738core:WithinOneYear2023-12-31 SC524738core:AfterOneYear2024-12-31 SC524738core:AfterOneYear2023-12-31 SC524738core:ShareCapitalcore:PreviouslyStatedAmount2024-12-31 SC524738core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 SC524738core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-12-31 SC524738core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 SC524738core:PreviouslyStatedAmount2024-12-31 SC524738core:PreviouslyStatedAmount2023-12-31 SC524738business:SmallEntities2024-01-012024-12-31 SC524738countries:Scotland2024-01-012024-12-31 SC524738core:PlantMachinery2024-01-012024-12-31 SC5247382023-01-012023-12-31 iso4217:GBP xbrli:pure
Company Registration No. SC524738 (Scotland)
Megafab Ltd Unaudited accounts for the year ended 31 December 2024
Megafab Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Megafab Ltd Company Information for the year ended 31 December 2024
Director
J Wright
Company Number
SC524738 (Scotland)
Registered Office
PO Box 30027 Glasgow G67 9GE
Accountants
WBG Accounting Services 56 Ashgillhead Road Larkhall Larkhall ML9 3AE
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Megafab Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
61,542 
76,571 
Current assets
Inventories
130,928 
130,928 
Debtors
448,560 
408,613 
Cash at bank and in hand
25,924 
62,335 
605,412 
601,876 
Creditors: amounts falling due within one year
(337,554)
(351,807)
Net current assets
267,858 
250,069 
Total assets less current liabilities
329,400 
326,640 
Creditors: amounts falling due after more than one year
(17,315)
(27,076)
Provisions for liabilities
Deferred tax
(13,167)
(13,167)
Net assets
298,918 
286,397 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
298,916 
286,395 
Shareholders' funds
298,918 
286,397 
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 director acknowledges his 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 and authorised for issue on 29 September 2025 and were signed on its behalf by
J Wright Director Company Registration No. SC524738
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Megafab Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Megafab Ltd is a private company, limited by shares, registered in Scotland, registration number SC524738. The registered office is PO Box 30027, Glasgow, G67 9GE.
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:
Plant & machinery
20% Reducing Balance
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 January 2024
295,337 
Additions
575 
At 31 December 2024
295,912 
Depreciation
At 1 January 2024
218,766 
Charge for the year
15,604 
At 31 December 2024
234,370 
Net book value
At 31 December 2024
61,542 
At 31 December 2023
76,571 
5
Average number of employees
During the year the average number of employees was 6 (2023: 6).
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