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Company Registration No. 07896599 (England and Wales)
MULTITRON LIMITED Unaudited accounts for the year ended 30 June 2023
MULTITRON LIMITED Unaudited accounts Contents
Page
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MULTITRON LIMITED Company Information for the year ended 30 June 2023
Director
Duncan Grove
Company Number
07896599 (England and Wales)
Registered Office
STEWARD HOUSE, 14 COMMERCIAL WAY WOKING GU21 6ET ENGLAND
Accountants
Tanners Tax Accountants Steward House 14 Commercial Way Woking Surrey GU21 6ET
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MULTITRON LIMITED Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
14,336 
14,054 
Current assets
Inventories
10,065 
60,678 
Debtors
165,934 
180,445 
Cash at bank and in hand
585,882 
478,702 
761,881 
719,825 
Creditors: amounts falling due within one year
(208,610)
(310,225)
Net current assets
553,271 
409,600 
Total assets less current liabilities
567,607 
423,654 
Creditors: amounts falling due after more than one year
(20,000)
(29,167)
Provisions for liabilities
Deferred tax
(3,584)
(2,670)
Net assets
544,023 
391,817 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
543,923 
391,717 
Shareholders' funds
544,023 
391,817 
For the year ending 30 June 2023 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 November 2023 and were signed on its behalf by
Duncan Grove Director Company Registration No. 07896599
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MULTITRON LIMITED Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
MULTITRON LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07896599. The registered office is STEWARD HOUSE, 14 COMMERCIAL WAY, WOKING, GU21 6ET, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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MULTITRON LIMITED Notes to the Accounts for the year ended 30 June 2023
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2022
42,606 
27,680 
70,286 
Additions
- 
5,060 
5,060 
At 30 June 2023
42,606 
32,740 
75,346 
Depreciation
At 1 July 2022
35,892 
20,340 
56,232 
Charge for the year
1,678 
3,100 
4,778 
At 30 June 2023
37,570 
23,440 
61,010 
Net book value
At 30 June 2023
5,036 
9,300 
14,336 
At 30 June 2022
6,714 
7,340 
14,054 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
155,001 
169,922 
Accrued income and prepayments
7,056 
6,646 
Other debtors
3,877 
3,877 
165,934 
180,445 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,000 
26,987 
VAT
29,820 
45,146 
Trade creditors
82,202 
155,697 
Taxes and social security
66,650 
68,541 
Other creditors
- 
7,055 
Accruals
19,938 
6,799 
208,610 
310,225 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
20,000 
29,167 
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MULTITRON LIMITED Notes to the Accounts for the year ended 30 June 2023
8
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
3,584 
2,670 
2023 
2022 
£ 
£ 
Provision at start of year
2,670 
3,560 
Charged/(credited) to the profit and loss account
914 
(890)
Provision at end of year
3,584 
2,670 
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Operating lease commitments
2023 
2022 
£ 
£ 
At 30 June 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
33,600 
33,600 
11
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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