MEGA ELECTRIC HOLDINGS LIMITED

MEGA ELECTRIC HOLDINGS LIMITED

MEGA ELECTRIC HOLDINGS LIMITED - Company Information

Print Friendly Version

MEGA ELECTRIC HOLDINGS LIMITED

Company Registration Number:
04344899 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2017

Period of accounts

Start date: 01 January 2017

End date: 31 December 2017

MEGA ELECTRIC HOLDINGS LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2017

Balance sheet
Notes

MEGA ELECTRIC HOLDINGS LIMITED

Balance sheet

As at 31 December 2017


Notes
2017
2016


£
£
Fixed assets
Investments: 2 301 301
Total fixed assets: 301 301
Current assets
Debtors:   90,983 769,628
Cash at bank and in hand: 71,369 303,713
Total current assets: 162,352 1,073,341
Creditors: amounts falling due within one year:   (678,276) (258,684)
Net current assets (liabilities): (515,924) 814,657
Total assets less current liabilities: (515,623) 814,958
Creditors: amounts falling due after more than one year:     (4,578)
Total net assets (liabilities): (515,623) 810,380
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: (516,623) 809,380
Shareholders funds: (515,623) 810,380

The notes form part of these financial statements

MEGA ELECTRIC HOLDINGS LIMITED

Balance sheet statements

For the year ending 31 December 2017 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 20 September 2018
and signed on behalf of the board by:

Name: Mr Anthony Rushton
Status: Director

The notes form part of these financial statements

MEGA ELECTRIC HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2017

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is represented by income derived from the audit verification reports for online advertising, and income derived from managing the online advertising campaign in line with the audit verification reports. Revenue is recognised at the point at which the service is provided to the customer.

MEGA ELECTRIC HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2017

2. Fixed investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in the profit and loss.A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.