REGISTERED NUMBER: 07724611 (England and Wales)

MEGA RESOURCES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

W Lawal

Mrs M O Lawal

REGISTERED OFFICE:

27 Crown Street

Kettering

NN16 8QA

REGISTERED NUMBER:

07724611 (England and Wales)

FIXED ASSETS

Tangible assets

4

47,048

72,882

CURRENT ASSETS

Debtors

5

1,745,197

1,284,232

Cash at bank

21,073

181,455

1,766,270

1,465,687

CREDITORS

Amounts falling due within one year

6

1,284,103

998,096

NET CURRENT ASSETS

482,167

467,591

TOTAL ASSETS LESS CURRENT LIABILITIES

529,215

540,473

CREDITORS

Amounts falling due after more than one year

7

-

35,603

NET ASSETS

529,215

504,870

CAPITAL AND RESERVES

Called up share capital

8

999

999

Retained earnings

528,216

503,871

SHAREHOLDERS' FUNDS

529,215

504,870

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 May 2026 and were signed on its behalf by:

W Lawal - Director

Mrs M O Lawal - Director

1.	STATUTORY INFORMATION

Mega Resources 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.

The presentation 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

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

Tangible fixed assets

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

Plant and machinery

-

10% on cost

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 283 (2024 - 242 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 September 2024

40,000

10,906

34,749

18,694

104,349

Additions

-

5,449

-

888

6,337

Disposals

-

-

(24,780

)

-

(24,780

)

At 31 August 2025

40,000

16,355

9,969

19,582

85,906

DEPRECIATION

At 1 September 2024

16,000

2,248

8,073

5,146

31,467

Charge for year

4,000

2,822

3,314

3,579

13,715

Eliminated on disposal

-

-

(6,324

)

-

(6,324

)

At 31 August 2025

20,000

5,070

5,063

8,725

38,858

NET BOOK VALUE

At 31 August 2025

20,000

11,285

4,906

10,857

47,048

At 31 August 2024

24,000

8,658

26,676

13,548

72,882

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

766,648

497,628

Amounts owed by group undertakings

492,931

414,695

Other debtors

485,618

371,909

1,745,197

1,284,232

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

-

19,207

Trade creditors

735

125

Amounts owed to group undertakings

19,670

-

Taxation and social security

524,182

265,291

Other creditors

739,516

713,473

1,284,103

998,096

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

-

35,603

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

999

Ordinary

£1

999

999