REGISTERED NUMBER: 01358462 (England and Wales)

MEGJI AND COMPANY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S Megji

SECRETARY:

Mrs S D Megji

REGISTERED OFFICE:

Churchgate House

3 Church Road

Whitchurch

Cardiff

SOUTH GLAMORGAN

CF14 2DX

REGISTERED NUMBER:

01358462 (England and Wales)

FIXED ASSETS

Tangible assets

4

253,789

231,242

CURRENT ASSETS

Stocks

5

24,713

23,320

Debtors

6

82,506

88,389

Cash at bank and in hand

167,367

185,531

274,586

297,240

CREDITORS

Amounts falling due within one year

7

116,900

129,050

NET CURRENT ASSETS

157,686

168,190

TOTAL ASSETS LESS CURRENT LIABILITIES

411,475

399,432

CREDITORS

Amounts falling due after more than one year

8

(135,557

)

(104,719

)

PROVISIONS FOR LIABILITIES

10

(28,825

)

(14,616

)

NET ASSETS

247,093

280,097

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

246,993

279,997

SHAREHOLDERS' FUNDS

247,093

280,097

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 director acknowledges his 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 17 November 2025 and were signed by:

S Megji - Director

1.	STATUTORY INFORMATION

Megji and Company 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.

Going Concern

The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. In making his assessment, the director has reviewed the balance sheet, the likely future cashflows of the business and has considered the facilities that are available to the company along with his continued support.

At the date of approving the financial statements the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and that the going concern basis of accounting remains appropriate. The director continues to adopt the going concern basis of accounting in preparing the financial statements.

Significant judgements and estimates

In the application of the company's accounting policies, which are described in note 2, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Useful economic lives of tangible assets - The annual depreciation charge for tangible fixed assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect the current estimate based on technological advancement, future investments, economic utilisation and the physical condition of the assets. See notes for the carrying amount of the tangible fixed assets and accounting policies in note 2 for the useful economic lives of each class of asset.

Employee Benefits

The company provides a wide range of benefits which includes; paid holidays and defined contribution pension plans. Short term employee benefits are recognised as an expense in the profit and loss account for the period in which the service is received.

Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is a reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions are recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised with deferred income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business and is shown net of VAT and other sales related taxes.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation is provided at the following annual rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives:

Improvements to property - 5% reducing balance

Plant & Machinery - 20% reducing balance

Fixtures and fittings - 15% reducing balance

Motor vehicles - 25% reducing balance

Computer equipment - 33% cost

At each balance sheet date, the company reviews the carrying amount of its tangible fixed 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 the asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Stocks

Stocks are valued at the lower of cost and estimated selling price less cost to sell 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Cash & cash equivalents

Cash and cash equivalents are basic financial instruments and include cash in hand and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments

The company has elected to apply the provisions of Section 11 "Basic Financial Instruments".

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, loans to related companies and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the financial asset is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities

Basic financial liabilities, including trade and other creditors, loans to related companies and bank loans are initially recognised at transaction price unless the arrangement constitutes a financial transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the assets cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2024 - 24 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 September 2024

24,961

307,893

189,269

Additions

-

92,668

4,464

Disposals

-

-

-

At 31 August 2025

24,961

400,561

193,733

DEPRECIATION

At 1 September 2024

5,966

206,601

158,816

Charge for year

949

27,459

5,238

Eliminated on disposal

-

-

-

At 31 August 2025

6,915

234,060

164,054

NET BOOK VALUE

At 31 August 2025

18,046

166,501

29,679

At 31 August 2024

18,995

101,292

30,453

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 September 2024

107,291

51,478

680,892

Additions

-

1,059

98,191

Disposals

(38,199

)

-

(38,199

)

At 31 August 2025

69,092

52,537

740,884

DEPRECIATION

At 1 September 2024

26,823

51,444

449,650

Charge for year

19,520

394

53,560

Eliminated on disposal

(16,115

)

-

(16,115

)

At 31 August 2025

30,228

51,838

487,095

NET BOOK VALUE

At 31 August 2025

38,864

699

253,789

At 31 August 2024

80,468

34

231,242

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 September 2024

55,260

107,291

162,551

Additions

85,000

-

85,000

Disposals

-

(38,199

)

(38,199

)

At 31 August 2025

140,260

69,092

209,352

DEPRECIATION

At 1 September 2024

13,262

26,823

40,085

Charge for year

14,067

19,520

33,587

Eliminated on disposal

-

(16,115

)

(16,115

)

At 31 August 2025

27,329

30,228

57,557

NET BOOK VALUE

At 31 August 2025

112,931

38,864

151,795

At 31 August 2024

41,998

80,468

122,466

5.

STOCKS

2025

2024

£

£

Goods for resale

24,713

23,320

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

56,211

56,853

Other debtors

26,295

31,536

82,506

88,389

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 9)

37,681

21,582

Trade creditors

33,873

31,721

Taxation and social security

24,355

56,458

Other creditors

20,991

19,289

116,900

129,050

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 9)

135,557

104,719

9.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

37,681

21,582

Between one and five years

135,557

104,719

173,238

126,301

At 31 August 2025, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £82,587 - (2024 - £89,636).

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

28,825

14,616

Deferred

tax

£

Balance at 1 September 2024

14,616

Accelerated capital allowances

14,209

Balance at 31 August 2025

28,825

11.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2025

2024

value:

40

Ordinary 'A' shares

£1

40

40

40

Ordinary 'B' shares

£1

40

40

15

Ordinary 'C' shares

£1

15

15

5

Ordinary 'D' shares

£1

5

5

100

100

12.	TRANSACTIONS WITH DIRECTOR

The following advances and credits to a director subsisted during the years ended 31 August 2025 and 31 August 2024:

2025

2024

£

£

S Megji

Balance outstanding at start of year

(705

)

(280

)

Amounts advanced

8,442

575

Amounts repaid

(4,339

)

(1,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

3,398

(705

)

As at 31 August 2025 an amount of £3,398 was owed by the director and included within debtors falling due within one year (2024: (£705)). The amount is interest free and payable on demand.

13.	RELATED PARTY DISCLOSURES