REGISTERED NUMBER: 06055128 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

FOR

MEGOSH LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs C Hart

P J Hart

SECRETARY:

P J Hart

REGISTERED OFFICE:

Lothing House

Quay View Business Park

Barnards Way

Lowestoft

Suffolk

NR32 2HD

REGISTERED NUMBER:

06055128 (England and Wales)

ACCOUNTANTS:

Juler Tooke

Lothing House

Quay View Business Park

Barnards Way

Lowestoft

Suffolk

NR32 2HD

FIXED ASSETS

Intangible assets

4

8,264

12,400

Tangible assets

5

9,359

10,101

17,623

22,501

CURRENT ASSETS

Stocks

48,697

43,174

Debtors

6

8,585

4,613

Cash at bank and in hand

8,344

9,806

65,626

57,593

CREDITORS

Amounts falling due within one year

7

(35,636

)

(37,124

)

NET CURRENT ASSETS

29,990

20,469

TOTAL ASSETS LESS CURRENT LIABILITIES

47,613

42,970

CREDITORS

Amounts falling due after more than one year

8

(18,332

)

(27,272

)

PROVISIONS FOR LIABILITIES

(1,456

)

(1,323

)

NET ASSETS

27,825

14,375

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

10

27,725

14,275

SHAREHOLDERS' FUNDS

27,825

14,375

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 29 October 2025 and were signed on its behalf by:

P J Hart - Director

1.	STATUTORY INFORMATION

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

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Land and buildings

-

at varying rates on cost

Plant and machinery etc

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2024

and 30 April 2025

82,712

AMORTISATION

At 1 May 2024

70,312

Charge for year

4,136

At 30 April 2025

74,448

NET BOOK VALUE

At 30 April 2025

8,264

At 30 April 2024

12,400

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 May 2024

28,793

29,012

57,805

Additions

-

1,703

1,703

At 30 April 2025

28,793

30,715

59,508

DEPRECIATION

At 1 May 2024

23,687

24,017

47,704

Charge for year

1,440

1,005

2,445

At 30 April 2025

25,127

25,022

50,149

NET BOOK VALUE

At 30 April 2025

3,666

5,693

9,359

At 30 April 2024

5,106

4,995

10,101

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade debtors

6,168

2,529

Other debtors

2,417

2,084

8,585

4,613

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade creditors

6,469

5,038

Taxation and social security

18,431

14,041

Other creditors

10,736

18,045

35,636

37,124

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.25

30.4.24

£

£

Other creditors

18,332

27,272

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

18,332

27,272

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.25

30.4.24

value:

£

£

100

Ordinary

£1

100

100

10.

RESERVES

Retained

earnings

£

At 1 May 2024

14,275

Profit for the year

53,450

Dividends

(40,000

)

At 30 April 2025

27,725

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

A loan of £113,921 was made to the company by it's directors on commencement of business and is being repaid over a period of twenty years with interest being charged at 6.25%pa.

12.	ULTIMATE CONTROLLING PARTY