Registered number
07181501
Multiforce Maintenance Ltd
Filleted Accounts
31 March 2024
Multiforce Maintenance Ltd
Registered number: 07181501
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 71,997 59,258
Current assets
Debtors 4 26,417 23,460
Cash at bank and in hand 139,113 54,950
165,530 78,410
Creditors: amounts falling due within one year 5 (50,430) (35,771)
Net current assets 115,100 42,639
Total assets less current liabilities 187,097 101,897
Creditors: amounts falling due after more than one year 6 (11,279) (14,159)
Net assets 175,818 87,738
Capital and reserves
Called up share capital 100 100
Profit and loss account 175,718 87,638
Shareholders' funds 175,818 87,738
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr D Wulder
Director
Approved by the board on 16.04.2024
Multiforce Maintenance Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 6 6
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 47,226 96,563 143,789
Additions 1,265 34,000 35,265
At 31 March 2024 48,491 130,563 179,054
Depreciation
At 1 April 2023 26,400 58,131 84,531
Charge for the year 4,418 18,108 22,526
At 31 March 2024 30,818 76,239 107,057
Net book value
At 31 March 2024 17,673 54,324 71,997
At 31 March 2023 20,826 38,432 59,258
4 Debtors 2024 2023
£ £
Trade debtors 22,183 17,363
Other debtors 4,234 6,097
26,417 23,460
5 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 13,409 22,683
Trade creditors 3,220 8,169
Taxation and social security costs 33,069 4,873
Other creditors 732 46
50,430 35,771
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 11,279 14,159
7 Other information
Multiforce Maintenance Ltd is a private company limited by shares and incorporated in England & Wales. Its registered office is:
Unit 13
New Tredegar Business Park
Elliots Town
New Tredegar
NP24 6BH
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