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REGISTERED NUMBER: 10906301 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Multiframe Construction Ltd.

Multiframe Construction Ltd. (Registered number: 10906301)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Multiframe Construction Ltd.

Company Information
for the Year Ended 31 August 2023







DIRECTOR: P A Whales





REGISTERED OFFICE: Suite 6
141/143 South Road
Haywards Heath
West Sussex
RH16 4LY





REGISTERED NUMBER: 10906301 (England and Wales)





ACCOUNTANTS: Bentleys Accounting Limited
Suite 6, 141/143 South Road
Haywards Heath
West Sussex
RH16 4LY

Multiframe Construction Ltd. (Registered number: 10906301)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,595 28,530

CURRENT ASSETS
Stocks - 2,420
Debtors 5 141,474 110,039
Cash at bank 215,824 212,318
357,298 324,777
CREDITORS
Amounts falling due within one year 6 169,161 180,601
NET CURRENT ASSETS 188,137 144,176
TOTAL ASSETS LESS CURRENT
LIABILITIES

210,732

172,706

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 210,632 172,606
SHAREHOLDERS' FUNDS 210,732 172,706

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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 27 October 2023 and were signed by:





P A Whales - Director


Multiframe Construction Ltd. (Registered number: 10906301)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Multiframe Construction Ltd. 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.

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.

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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Multiframe Construction Ltd. (Registered number: 10906301)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 September 2022
and 31 August 2023 21,053 26,035 47,088
DEPRECIATION
At 1 September 2022 9,084 9,474 18,558
Charge for year 1,795 4,140 5,935
At 31 August 2023 10,879 13,614 24,493
NET BOOK VALUE
At 31 August 2023 10,174 12,421 22,595
At 31 August 2022 11,969 16,561 28,530

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 122,349 101,685
Other debtors 11,000 750
Prepayments and accrued income 8,125 7,604
141,474 110,039

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 43,233 52,779
Other loans - 10,000
Trade creditors 52,931 54,880
Tax 10,412 6,378
Social security and other taxes 4,928 4,966
VAT 49,979 35,756
Other creditors 794 1,198
Directors' current accounts 385 5,674
Accrued expenses 6,499 8,970
169,161 180,601