Abbreviated Company Accounts - MEGAHART DEVELOPMENTS LIMITED

MEGAHART DEVELOPMENTS LIMITED - Company Information

09246890 MEGAHART DEVELOPMENTS LIMITED 2016-03-31 false 2014-10-02 2016-03-31 true 09246890 2014-10-02 2016-03-31 09246890 2016-03-31 09246890 uk-gaap-cd-bus:Director1 2014-10-02 2016-03-31 09246890 uk-gaap-cd-bus:Director2 2014-10-02 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-10-02 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-10-02 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2016-03-31 iso4217:GBP shares

Registered Number 09246890

MEGAHART DEVELOPMENTS LIMITED

Abbreviated Accounts

31 March 2016

MEGAHART DEVELOPMENTS LIMITED Registered Number 09246890

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016
		£
Fixed assets
Tangible assets	2	1,335
Investments	3	12,100
		13,435
Current assets
Stocks		594,376
Debtors		1,666,967
Cash at bank and in hand		134,478
		2,395,821
Creditors: amounts falling due within one year		(796,109)
Net current assets (liabilities)		1,599,712
Total assets less current liabilities		1,613,147
Total net assets (liabilities)		1,613,147
Capital and reserves
Called up share capital	4	482
Profit and loss account		1,612,665
Shareholders' funds		1,613,147

For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 24 September 2016

And signed on their behalf by:
John Balls, Director

MEGAHART DEVELOPMENTS LIMITED Registered Number 09246890

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Plant and machinery - 25% reducing balance

Other accounting policies
Investments
Fixed asset investments are stated at cost less provision for permanent diminution in value.

Stock
Stock is valued at the lower of cost and net realisable value.

Group accounts
The company is entitled to the exemption under Section 398 of the Companies Act 2006 from the obligation to prepare group accounts.

2Tangible fixed assets

	£
Cost
Additions	1,780
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	1,780
Depreciation
Charge for the year	445
On disposals	-
At 31 March 2016	445
Net book values
At 31 March 2016	1,335

3Fixed assets Investments
Investment details:
Subsidiary undertaking £12,050
Other investment £ 50

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £
480 A Ordinary shares of £1 each	480
2 B Ordinary shares of £1 each	2