MULTIBUS LIMITED

Company Registration Number:
11818551 (England and Wales)

Unaudited abridged accounts for the year ended 31 January 2023

Period of accounts

Start date: 01 March 2022

End date: 31 January 2023

MULTIBUS LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2023

Balance sheet
Notes

MULTIBUS LIMITED

Balance sheet

As at 31 January 2023


Notes

11 months to 31 January 2023

2022


£

£
Fixed assets
Tangible assets: 3 28,088 18,255
Total fixed assets: 28,088 18,255
Current assets
Cash at bank and in hand: 724 917
Total current assets: 724 917
Creditors: amounts falling due within one year: 4 (51,350) (38,946)
Net current assets (liabilities): (50,626) (38,029)
Total assets less current liabilities: (22,538) (19,774)
Total net assets (liabilities): (22,538) (19,774)
Capital and reserves
Called up share capital: 100 100
Profit and loss account: (22,638) (19,874)
Shareholders funds: (22,538) (19,774)

The notes form part of these financial statements

MULTIBUS LIMITED

Balance sheet statements

For the year ending 31 January 2023 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 07 August 2023
and signed on behalf of the board by:

Name: Mr T P O'Halloran
Status: Director

The notes form part of these financial statements

MULTIBUS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

1. Accounting policies

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

Tangible fixed assets and depreciation policy

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.Other tangible fixed assets are fixed assets on which a specific research and development project is being undertaken. Regardless of the outcome of the project it is considered that the assets will be capable of being utilised and will have a value to the company.It is not possible to determine if any impairment loss is appropriate until the project has been developed further. The director will review the position at each year end.

Other accounting policies

Research and developmentIn the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generateprobable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight line basis over their useful economic lives, which range from 3 to 6 years.If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

MULTIBUS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

2. Employees

11 months to 31 January 2023 2022
Average number of employees during the period 1 1

MULTIBUS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

3. Tangible Assets

Total
Cost £
At 01 March 2022 18,255
Additions 9,833
At 31 January 2023 28,088
Net book value
At 31 January 2023 28,088
At 28 February 2022 18,255

MULTIBUS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

4. Creditors: amounts falling due within one year note

Other creditors 2023 - £50,750 2022 - £37,310Accruals and deferred income 2023 - £600 2022 - £1,636Total 2023 - £51,350 2022 - £38,946

MULTIBUS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

5. Related party transactions

Name of the related party: Mr T P O'Halloran
Relationship:
Director
Description of the Transaction: At the year end the company owed £50,750 (2022 - £37,310) to the director, Mr T P O'Halloran. No interest is paid on the loan and there are no formal repayment terms. This amount is included in other creditors.
£
Balance at 01 March 2022 37,310
Balance at 31 January 2023 50,750