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REGISTERED NUMBER: 03109710








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

MULTI DESIGN SERVICES LTD

MULTI DESIGN SERVICES LTD (REGISTERED NUMBER: 03109710)






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




Page

Company information 1

Chartered accountants' report 2

Statement of financial position 3

Notes to the financial statements 4


MULTI DESIGN SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 December 2023







DIRECTORS: K R Sang
Mrs J F Sang





SECRETARY: Mrs J F Sang





REGISTERED OFFICE: 41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX





REGISTERED NUMBER: 03109710





ACCOUNTANTS: Mitchell Glanville Limited
41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
MULTI DESIGN SERVICES LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Report of the directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Multi Design Services Ltd for the year ended 31 December 2023 which comprise the Income statement, Statement of financial position, Statement of changes in equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Multi Design Services Ltd, as a body, in accordance with the terms of our engagement letter dated 28 January 2005. Our work has been undertaken solely to prepare for your approval the financial statements of Multi Design Services Ltd and state those matters that we have agreed to state to the Board of Directors of Multi Design Services Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Multi Design Services Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Multi Design Services Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Multi Design Services Ltd. You consider that Multi Design Services Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Multi Design Services Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Mitchell Glanville Limited
41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX


Date: .............................................

MULTI DESIGN SERVICES LTD (REGISTERED NUMBER: 03109710)

STATEMENT OF FINANCIAL POSITION
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,000 4,000
Tangible assets 5 4,149 6,073
7,149 10,073

CURRENT ASSETS
Debtors 6 5,355 4,582
Cash at bank 50,142 51,110
55,497 55,692
CREDITORS
Amounts falling due within one year 7 40,560 37,851
NET CURRENT ASSETS 14,937 17,841
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,086

27,914

PROVISIONS FOR LIABILITIES 1,037 1,518
NET ASSETS 21,049 26,396

CAPITAL AND RESERVES
Called up share capital 8 10 10
Retained earnings 21,039 26,386
SHAREHOLDERS' FUNDS 21,049 26,396

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 19 February 2024 and were signed on its behalf by:





K R Sang - Director


MULTI DESIGN SERVICES LTD (REGISTERED NUMBER: 03109710)

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

1. STATUTORY INFORMATION

Multi Design Services Ltd is a private company, limited by shares , registered in Not specified/Other. 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.

The company's turnover represents the value, excluding Value Added Tax, of goods and services supplied to customers during the year.

GOODWILL
During 2017 the trade of Sang Design Services was transferred to Multi Design Services Ltd at a value of £10,000 amortised evenly over its estimated life of 10 years.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 33% on cost, 25% on cost and 20% on cost

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 10,000
AMORTISATION
At 1 January 2023 6,000
Charge for year 1,000
At 31 December 2023 7,000
NET BOOK VALUE
At 31 December 2023 3,000
At 31 December 2022 4,000

MULTI DESIGN SERVICES LTD (REGISTERED NUMBER: 03109710)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 January 2023
and 31 December 2023 16,556
DEPRECIATION
At 1 January 2023 10,483
Charge for year 1,924
At 31 December 2023 12,407
NET BOOK VALUE
At 31 December 2023 4,149
At 31 December 2022 6,073

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,770 4,582
Tax 364 -
VAT 1,317 -
Prepayments 904 -
5,355 4,582

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,252 -
Tax - 364
VAT - 821
Directors' loan accounts 36,878 35,366
Accruals - 1,300
Accrued expenses 1,430 -
40,560 37,851

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10 Ordinary £1 10 10

MULTI DESIGN SERVICES LTD (REGISTERED NUMBER: 03109710)

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

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
K R Sang
Balance outstanding at start of year (26,166 ) (26,686 )
Amounts advanced - 2,520
Amounts repaid (912 ) (2,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (27,078 ) (26,166 )

Mrs J F Sang
Balance outstanding at start of year (9,200 ) (7,700 )
Amounts repaid (600 ) (1,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (9,800 ) (9,200 )

10. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party. The company is equally owned by the directors.