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REGISTERED NUMBER: 01245753 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

MULTIFRY LTD

MULTIFRY LTD (REGISTERED NUMBER: 01245753)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


MULTIFRY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: Mrs J Saunderson
P Sims
Ms D Buckley
C Sims





REGISTERED OFFICE: 41 Oxford Street
Wincolmlee
Hull
HU2 0QP





REGISTERED NUMBER: 01245753 (England and Wales)





ACCOUNTANTS: Majors Limited
F15 The Bloc
38 Springfield Way
Anlaby
Hull
E. Yorks
HU10 6RJ

MULTIFRY LTD (REGISTERED NUMBER: 01245753)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 425,111 432,329
Investments 5 22,419 22,419
447,530 454,748

CURRENT ASSETS
Stocks 36,481 47,954
Debtors 6 91,409 101,918
Cash at bank 670 338
128,560 150,210
CREDITORS
Amounts falling due within one year 7 162,848 195,790
NET CURRENT LIABILITIES (34,288 ) (45,580 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

413,242

409,168

CAPITAL AND RESERVES
Called up share capital 300 300
Revaluation reserve 8 90,016 90,016
Capital redemption reserve 200 200
Retained earnings 322,726 318,652
SHAREHOLDERS' FUNDS 413,242 409,168

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

MULTIFRY LTD (REGISTERED NUMBER: 01245753)

BALANCE SHEET - continued
28 FEBRUARY 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 Board of Directors and authorised for issue on 4 April 2023 and were signed on its behalf by:




P Sims - Director



Mrs J Saunderson - Director


MULTIFRY LTD (REGISTERED NUMBER: 01245753)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

Multifry 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 etc - 25% on cost, 10% on reducing balance and 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 11 ) .

MULTIFRY LTD (REGISTERED NUMBER: 01245753)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

4. TANGIBLE FIXED ASSETS
Freehold Long Plant and
property leasehold machinery
£    £    £   
COST
At 1 March 2022
and 28 February 2023 370,984 9,678 184,141
DEPRECIATION
At 1 March 2022 - 9,678 133,961
Charge for year - - 5,019
At 28 February 2023 - 9,678 138,980
NET BOOK VALUE
At 28 February 2023 370,984 - 45,161
At 28 February 2022 370,984 - 50,180

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2022
and 28 February 2023 23,099 13,100 13,880 614,882
DEPRECIATION
At 1 March 2022 14,992 13,100 10,822 182,553
Charge for year 811 - 1,388 7,218
At 28 February 2023 15,803 13,100 12,210 189,771
NET BOOK VALUE
At 28 February 2023 7,296 - 1,670 425,111
At 28 February 2022 8,107 - 3,058 432,329

MULTIFRY LTD (REGISTERED NUMBER: 01245753)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 March 2022
and 28 February 2023 22,419
NET BOOK VALUE
At 28 February 2023 22,419
At 28 February 2022 22,419

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 86,735 97,097
Other debtors 4,674 4,821
91,409 101,918

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 31,858 18,003
Trade creditors 29,423 78,679
Taxation and social security 54,973 51,375
Other creditors 46,594 47,733
162,848 195,790

8. RESERVES
Revaluation
reserve
£   
At 1 March 2022
and 28 February 2023 90,016