Company Registration No. 07896599 (England and Wales)
MULTITRON LIMITED
Unaudited accounts
for the year ended 30 June 2023
MULTITRON LIMITED
Unaudited accounts
Contents
MULTITRON LIMITED
Company Information
for the year ended 30 June 2023
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
MULTITRON LIMITED
Statement of financial position
as at 30 June 2023
Tangible assets
14,336
14,054
Cash at bank and in hand
585,882
478,702
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
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
MULTITRON LIMITED
Notes to the Accounts
for the year ended 30 June 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 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 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 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.
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.
MULTITRON LIMITED
Notes to the Accounts
for the year ended 30 June 2023
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.
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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
At 30 June 2023
42,606
32,740
75,346
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
At 30 June 2023
5,036
9,300
14,336
At 30 June 2022
6,714
7,340
14,054
Amounts falling due within one year
Trade debtors
155,001
169,922
Accrued income and prepayments
7,056
6,646
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,000
26,987
Trade creditors
82,202
155,697
Taxes and social security
66,650
68,541
7
Creditors: amounts falling due after more than one year
2023
2022
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
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
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
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Average number of employees
During the year the average number of employees was 1 (2022: 1).