Multiform Technologies Limited |
Registered Number:04784812 |
For the year ended 30 June 2023
England and Wales
Unaudited Financial Statements
For the year ended 30 June 2023
Multiform Technologies Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Multiform Technologies Limited
Statement of Financial Position
2022
2023
6,000
9,666
Property, plant and equipment |
109,558
80,128
2
115,558
89,794
5,142
7,887
3
Trade and other receivables |
273,299
94,387
4
146,739
Cash and cash equivalents |
423,476
525,750
425,180
Trade and other payables: amounts falling due within one |
year |
(154,752)
(147,149)
5
270,428
378,601
Net current assets
Total assets less current liabilities |
494,159
360,222
Trade and other payables: amounts falling due after more |
than one year |
(5,126)
(32,745)
461,414
Net assets
355,096
1,000
1,000
460,414
354,096
461,414
355,096
Shareholders' funds
For the year ended 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 of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the year ended 30 June 2023
Multiform Technologies Limited
Statement of Financial Position Continued
These financial statements were approved and authorised for issue by the Board on 08 March 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 30 June 2023
Multiform Technologies Limited
Notes to the Financial Statements
Statutory Information
Multiform Technologies Limited is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 04784812. |
Principal place of business: |
North Mills Trading Estate
Unit 3c Old Rope Walks
Bridport
Dorset
DT6 3BE
26-28 West Street
Bridport
Dorset
DT6 3QP
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of 10 years. |
Intangible assets
Other intangible assets is computer software which is being amortised over it's expected useful life of 3 years.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Motor Vehicles
Furniture and Fittings
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Hire purchase and leasing commitments
Assets obtained uner hire purchase contracts and finanace leases are capitalised as tangible fixed assets and depreciated over their useful lives. |
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For the year ended 30 June 2023
Multiform Technologies Limited
Notes to the Financial Statements Continued
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
2. Property, plant and equipment |
Motor Vehicles
159,802
15,427
125,733
16,614
2,028
68,468
-
53,540
8,650
6,278
-
(33,445)
-
-
(33,445)
25,264
145,828
15,427
194,825
8,306
Provision for depreciation and impairment |
79,674
12,166
53,215
14,293
-
Charge for year
32,584
489
29,901
2,194
-
(26,991)
-
(26,991)
-
-
85,267
12,655
56,125
16,487
-
8,306
8,777
89,703
2,772
109,558
2,028
2,321
72,518
3,261
80,128
2022
2023
7,887
5,142
4. Trade and other receivables |
2022
2023
49,988
217,677
44,399
55,622
273,299
94,387
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For the year ended 30 June 2023
Multiform Technologies Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year |
2022
2023
7,703
10,406
Taxation and social security |
98,783
87,461
40,663
56,885
147,149
154,752
6. Average number of persons employed |
During the year the average number of employees was 7 (2022 : 6)
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