REGISTERED NUMBER: 11028377 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2024

for

MEG JAYANTH LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M Jayanth

REGISTERED OFFICE:

Preston Park House

South Road

Brighton

East Sussex

BN1 6SB

REGISTERED NUMBER:

11028377 (England and Wales)

ACCOUNTANTS:

Plus Accounting

Chartered Accountants

Preston Park House

South Road

Brighton

East Sussex

BN1 6SB

FIXED ASSETS

Tangible assets

4

3,661

5,008

CURRENT ASSETS

Debtors

5

42,217

50,911

Cash at bank

32,462

39,363

74,679

90,274

CREDITORS

Amounts falling due within one year

6

(16,517

)

(23,838

)

NET CURRENT ASSETS

58,162

66,436

TOTAL ASSETS LESS CURRENT LIABILITIES

61,823

71,444

PROVISIONS FOR LIABILITIES

7

(696

)

(1,102

)

NET ASSETS

61,127

70,342

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

9

61,126

70,341

SHAREHOLDERS' FUNDS

61,127

70,342

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 October 2025 and were signed by:

M Jayanth - Director

1.	STATUTORY INFORMATION

Meg Jayanth Limited is a private company, limited by shares, registered in England and Wales. The company's registered number, registered office address and business address can be found on the Company Information page.

The presentational currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the fair value of consideration received or receivable net of VAT and trade discounts.

Revenue from sales and royalties are recognised as contract activity progresses. Revenue not billed is included in debtors and payments on account in excess of the relevant amount of revenue are included in creditors.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on cost

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Impairment

At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Going concern

The director has a reasonable expectation that the company has adequate resources to continue in existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 November 2023

10,139

Additions

999

At 31 October 2024

11,138

DEPRECIATION

At 1 November 2023

5,131

Charge for year

2,346

At 31 October 2024

7,477

NET BOOK VALUE

At 31 October 2024

3,661

At 31 October 2023

5,008

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Directors' current accounts

42,217

44,911

Prepayments & accrued income

-

6,000

42,217

50,911

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Taxation and social security

15,592

22,963

Other creditors

925

875

16,517

23,838

7.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

696

1,102

Deferred tax

£

Balance at 1 November 2023

1,102

Provided during year

(406

)

Balance at 31 October 2024

696

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1

Ordinary

£1

1

1

9.

RESERVES

Retained

earnings

£

At 1 November 2023

70,341

Profit for the year

35,785

Dividends

(45,000

)

At 31 October 2024

61,126

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2024 and 31 October 2023:

2024

2023

£

£

M Jayanth

Balance outstanding at start of year

44,911

18,326

Amounts advanced

55,984

58,881

Amounts repaid

(58,678

)

(32,296

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

42,217

44,911

Director's loan is repayable on demand. Interest has been charged at 2.25% when the loan balance exceeds £10,000.