Megachoice Limited - Limited company - abbreviated - 11.0.0

Megachoice Limited - Limited company - abbreviated - 11.0.0

MEGACHOICE LIMITED - Company Information

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REGISTERED NUMBER: 02890762 (England and Wales)















Abbreviated Unaudited Accounts

for the Year Ended 31 December 2013

for

MEGACHOICE LIMITED

MEGACHOICE LIMITED (REGISTERED NUMBER: 02890762)

Contents of the Abbreviated Accounts
FOR THE YEAR ENDED 31 DECEMBER 2013










Page

Company Information 1

Chartered Accountants' Report 2

Abbreviated Balance Sheet 3

Notes to the Abbreviated Accounts 4

MEGACHOICE LIMITED

Company Information
FOR THE YEAR ENDED 31 DECEMBER 2013







DIRECTORS: K K Bhudia
Mrs M K Bhudia



SECRETARY: Mrs M K Bhudia



REGISTERED OFFICE: 5 Theobald Court
Theobald Street
Elstree
Hertfordshire
WD6 4RN



REGISTERED NUMBER: 02890762 (England and Wales)



ACCOUNTANTS: Sterling Associates
Chartered Accountants
5 Theobald Court
Theobald Street
Elstree
Hertfordshire
WD6 4RN



BANKERS: HSBC Plc
69 Park Royal Road
Park Royal
London
NW10 7JR
Page 1
Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Megachoice Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial
statements, from which the unaudited abbreviated accounts (set out on pages three to five) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial
statements of Megachoice Limited for the year ended 31 December 2013 which comprise the Profit and Loss Account, the Balance
Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical
and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Megachoice Limited, as a body, in accordance with our terms of engagement.
Our work has been undertaken solely to prepare for your approval the financial statements of Megachoice Limited and state those
matters that we have agreed to state to the Board of Directors of Megachoice Limited, as a body, in this report in accordance with
AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility
to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Megachoice Limited has kept adequate accounting records and to prepare statutory financial
statements that give a true and fair view of the assets, liabilities, financial position and profit of Megachoice Limited. You consider
that Megachoice Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Megachoice Limited. For this reason,
we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us
and we do not, therefore, express any opinion on the statutory financial statements.






Sterling Associates
Chartered Accountants
5 Theobald Court
Theobald Street
Elstree
Hertfordshire
WD6 4RN


26 September 2014

This page does not form part of the abbreviated accounts

Page 2
MEGACHOICE LIMITED (REGISTERED NUMBER: 02890762)

Abbreviated Balance Sheet
31 DECEMBER 2013

2013 2012
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 1,180,386 1,180,485
Investments 3 534,520 548,912
1,714,906 1,729,397

CURRENT ASSETS
Debtors 391,183 415,185
Cash at bank and in hand 139,913 80,207
531,096 495,392
CREDITORS
Amounts falling due within one year 4 57,824 56,247
NET CURRENT ASSETS 473,272 439,145
TOTAL ASSETS LESS CURRENT LIABILITIES 2,188,178 2,168,542

CREDITORS
Amounts falling due after more than one year 4 783,583 770,820
NET ASSETS 1,404,595 1,397,722

CAPITAL AND RESERVES
Called up share capital 5 30,000 30,000
Profit and loss account 1,374,595 1,367,722
SHAREHOLDERS' FUNDS 1,404,595 1,397,722

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 24 September 2014 and were signed on its behalf by:





K K Bhudia - Director


The notes form part of these abbreviated accounts

Page 3
MEGACHOICE LIMITED (REGISTERED NUMBER: 02890762)

Notes to the Abbreviated Accounts
FOR THE YEAR ENDED 31 DECEMBER 2013


1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the Financial
Reporting Standard for Smaller Entities (effective April 2008).

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc - 15% on reducing balance

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

Fixed asset investments
Fixed asset investments are shown at costs less any provision for diminution in value.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2013
and 31 December 2013 1,181,481
DEPRECIATION
At 1 January 2013 996
Charge for year 99
At 31 December 2013 1,095
NET BOOK VALUE
At 31 December 2013 1,180,386
At 31 December 2012 1,180,485

3. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 January 2013 621,148
Additions 118,438
Disposals (132,830 )
At 31 December 2013 606,756
PROVISIONS
At 1 January 2013
and 31 December 2013 72,236
NET BOOK VALUE
At 31 December 2013 534,520
At 31 December 2012 548,912

Page 4 continued...
MEGACHOICE LIMITED (REGISTERED NUMBER: 02890762)

Notes to the Abbreviated Accounts - continued
FOR THE YEAR ENDED 31 DECEMBER 2013


4. CREDITORS

Creditors include an amount of £ 484,848 (2012 - £ 499,162 ) for which security has been given.

They also include the following debts falling due in more than five years:

2013 2012
£    £   
Repayable by instalments 319,658 333,972

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2013 2012
value: £    £   
30,000 Ordinary £1 30,000 30,000

6. ULTIMATE CONTROLLER

The directors are the ultimate controllers as they hold majority of the issued share capital of the company.

Page 5