IRIS Accounts Production v23.3.1.45 03616589 director 1.9.22 31.8.23 31.8.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh036165892022-08-31036165892023-08-31036165892022-09-012023-08-31036165892021-08-31036165892021-09-012022-08-31036165892022-08-3103616589ns10:Originalns15:EnglandWales2022-09-012023-08-3103616589ns14:PoundSterlingns10:Original2022-09-012023-08-3103616589ns10:Originalns10:Director12022-09-012023-08-3103616589ns10:Original2022-09-012023-08-3103616589ns10:Original2023-08-3103616589ns10:Originalns10:PrivateLimitedCompanyLtd2022-09-012023-08-3103616589ns10:Originalns10:SmallEntities2022-09-012023-08-3103616589ns10:Originalns10:AuditExempt-NoAccountantsReport2022-09-012023-08-3103616589ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-09-012023-08-3103616589ns10:SmallCompaniesRegimeForAccountsns10:Original2022-09-012023-08-3103616589ns10:Originalns10:FullAccounts2022-09-012023-08-3103616589ns10:CompanySecretary1ns10:Original2022-09-012023-08-3103616589ns10:Originalns10:RegisteredOffice2022-09-012023-08-3103616589ns10:Original2022-08-3103616589ns10:Originalns5:CurrentFinancialInstruments2023-08-3103616589ns10:Originalns5:CurrentFinancialInstruments2022-08-3103616589ns10:Originalns5:Non-currentFinancialInstruments2023-08-3103616589ns10:Originalns5:Non-currentFinancialInstruments2022-08-3103616589ns5:ShareCapitalns10:Original2023-08-3103616589ns5:ShareCapitalns10:Original2022-08-3103616589ns10:Originalns5:CapitalRedemptionReserve2023-08-3103616589ns10:Originalns5:CapitalRedemptionReserve2022-08-3103616589ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2023-08-3103616589ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2022-08-3103616589ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-08-3103616589ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-08-3103616589ns10:Originalns5:PlantMachinery2022-09-012023-08-3103616589ns10:Originalns5:MotorVehicles2022-09-012023-08-3103616589ns10:Originalns5:ComputerEquipment2022-09-012023-08-3103616589ns10:Original2021-09-012022-08-3103616589ns10:Originalns5:PlantMachinery2022-08-3103616589ns10:Originalns5:MotorVehicles2022-08-3103616589ns10:Originalns5:ComputerEquipment2022-08-3103616589ns10:Original2022-08-3103616589ns10:Originalns5:PlantMachinery2023-08-3103616589ns10:Originalns5:MotorVehicles2023-08-3103616589ns10:Originalns5:ComputerEquipment2023-08-3103616589ns10:Originalns5:PlantMachinery2022-08-3103616589ns10:Originalns5:MotorVehicles2022-08-3103616589ns10:Originalns5:ComputerEquipment2022-08-3103616589ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-08-3103616589ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-08-3103616589ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2022-08-3103616589ns10:Original1ns10:Director12022-08-3103616589ns10:Original1ns10:Director12021-08-3103616589ns10:Original1ns10:Director12022-09-012023-08-3103616589ns10:Original1ns10:Director12021-09-012022-08-3103616589ns10:Original1ns10:Director12023-08-3103616589ns10:Original1ns10:Director12022-08-31
REGISTERED NUMBER: 03616589 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

MULTISOFT UK LIMITED

MULTISOFT UK LIMITED (REGISTERED NUMBER: 03616589)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MULTISOFT UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTOR: J R Mossman





SECRETARY: J R Mossman





REGISTERED OFFICE: Poolfield Lodge
Hewelsfield
Lydney
Gloucestershire
GL15 6UW





REGISTERED NUMBER: 03616589 (England and Wales)





ACCOUNTANTS: Keller & Co
367b Church Road
Frampton Cotterell
Bristol
BS36 2AQ

MULTISOFT UK LIMITED (REGISTERED NUMBER: 03616589)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 69,449 48,542
Investment property 5 340,000 340,000
409,449 388,542

CURRENT ASSETS
Debtors 6 55,830 53,272
Cash at bank 51,434 37,057
107,264 90,329
CREDITORS
Amounts falling due within one year 7 (77,210 ) (86,378 )
NET CURRENT ASSETS 30,054 3,951
TOTAL ASSETS LESS CURRENT
LIABILITIES

439,503

392,493

CREDITORS
Amounts falling due after more than one
year

8

(27,917

)

-

PROVISIONS FOR LIABILITIES (35,920 ) (31,932 )
NET ASSETS 375,666 360,561

CAPITAL AND RESERVES
Called up share capital 5 5
Capital redemption reserve 2 2
Fair value reserve 9 120,044 120,044
Retained earnings 255,615 240,510
SHAREHOLDERS' FUNDS 375,666 360,561

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.

MULTISOFT UK LIMITED (REGISTERED NUMBER: 03616589)

BALANCE SHEET - continued
31 AUGUST 2023


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 10 November 2023 and were signed by:





J R Mossman - Director


MULTISOFT UK LIMITED (REGISTERED NUMBER: 03616589)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1. STATUTORY INFORMATION

Multisoft UK Limited 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 as modified by the revaluation of certain assets.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

MULTISOFT UK LIMITED (REGISTERED NUMBER: 03616589)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2022 23,350 - 186,829 210,179
Additions - 58,945 4,423 63,368
At 31 August 2023 23,350 58,945 191,252 273,547
DEPRECIATION
At 1 September 2022 19,891 - 141,746 161,637
Charge for year 865 14,736 26,860 42,461
At 31 August 2023 20,756 14,736 168,606 204,098
NET BOOK VALUE
At 31 August 2023 2,594 44,209 22,646 69,449
At 31 August 2022 3,459 - 45,083 48,542

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2022
and 31 August 2023 340,000
NET BOOK VALUE
At 31 August 2023 340,000
At 31 August 2022 340,000

Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs.

Fair value at 31 August 2023 is represented by:
£   
Valuation in 2016 27,907
Valuation in 2017 14,000
Valuation in 2018 1,000
Valuation in 2019 3,588
Valuation in 2020 9,567
Valuation in 2022 63,982
Cost 219,956
340,000

If had not been revalued would have been included at the following historical cost:

2023 2022
£    £   
Cost 219,956 219,956

MULTISOFT UK LIMITED (REGISTERED NUMBER: 03616589)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 25,351 33,474
Other debtors 30,479 19,798
55,830 53,272

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,152 -
Trade creditors 13,494 16,808
Taxation and social security 51,787 52,314
Other creditors 1,777 17,256
77,210 86,378

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 27,917 -

9. RESERVES
Fair
value
reserve
£   
At 1 September 2022
and 31 August 2023 120,044

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2023 and 31 August 2022:

2023 2022
£    £   
J R Mossman
Balance outstanding at start of year (15,612 ) (25,179 )
Amounts advanced 15,612 9,567
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (15,612 )