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Multiform Technologies Limited
Registered Number:04784812
For the year ended 30 June 2023
England and Wales
Unaudited Financial Statements
2
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
3
Registered Number :
04784812
As at 30 June 2023
Multiform Technologies Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Intangible assets
6,000
9,666
Property, plant and equipment
109,558
80,128
2
115,558
89,794
Current assets
Inventories
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
Capital and reserves
Called up share capital
1,000
1,000
Retained earnings
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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4
Registered Number :
04784812
For the year ended 30 June 2023
Multiform Technologies Limited
Statement of Financial Position Continued
Mr Mark Collins Director
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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5
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
Registered address:
26-28 West Street
Bridport
Dorset
DT6 3QP
The presentation currency is £ sterling.
1. Accounting policies
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
20% Reducing balance
25% Reducing balance
Motor Vehicles
15% Reducing balance
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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6
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
Total
Furniture and
Fittings
Motor Vehicles
Plant and
Machinery
Land and
Buildings
£
£
£
£
£
Cost or
valuation
At 01 July 2022
159,802
15,427
125,733
16,614
2,028
68,468
-
53,540
8,650
6,278
Additions
-
(33,445)
-
-
Disposals
(33,445)
At 30 June 2023
25,264
145,828
15,427
194,825
8,306
Provision for depreciation and impairment
At 01 July 2022
79,674
12,166
53,215
14,293
-
Charge for year
32,584
489
29,901
2,194
-
(26,991)
-
(26,991)
-
-
On disposal
At 30 June 2023
85,267
12,655
56,125
16,487
-
At 30 June 2023
Net book value
8,306
8,777
89,703
2,772
109,558
At 30 June 2022
2,028
2,321
72,518
3,261
80,128
3. Inventories
2022
2023
£
£
Stocks
7,887
5,142
4. Trade and other receivables
2022
2023
£
£
Trade debtors
49,988
217,677
Other debtors
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
£
£
Trade creditors
7,703
10,406
Taxation and social security
98,783
87,461
Other creditors
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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