Company Registration No. 07365256 (England and Wales)
ADD THEN MULTIPLY LIMITED
Accounts
for the year ended 31 December 2023
ADD THEN MULTIPLY LIMITED
Accounts
Contents
ADD THEN MULTIPLY LIMITED
Company Information
for the year ended 31 December 2023
Director
David Bowen HORNE
Company Number
07365256 (England and Wales)
Registered Office
8 AINSDALE ROAD
EALING
LONDON
W5 1JX
Accountants
Arth Limited
655 Milton Keynes Business Centre
Foxhunter Drive
Milton Keynes
Buckinghamshire
MK14 6GD
ADD THEN MULTIPLY LIMITED
Statement of financial position
as at 31 December 2023
Tangible assets
15,205
17,464
Cash at bank and in hand
23,298
12,366
Creditors: amounts falling due within one year
(70,718)
(114,507)
Net current liabilities
(15,133)
(14,281)
Total assets less current liabilities
5,072
8,183
Creditors: amounts falling due after more than one year
(7,223)
(9,936)
Net liabilities
(2,151)
(1,753)
Called up share capital
100
100
Profit and loss account
(2,251)
(1,853)
Shareholders' funds
(2,151)
(1,753)
For the year ending 31 December 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 May 2024 and were signed on its behalf by
David Bowen HORNE
Director
Company Registration No. 07365256
ADD THEN MULTIPLY LIMITED
Notes to the Accounts
for the year ended 31 December 2023
ADD THEN MULTIPLY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07365256. The registered office is 8 AINSDALE ROAD, EALING, LONDON, W5 1JX.
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:
Plant & machinery
33% Straight Line
Computer equipment
33% Straight Line
These accounts have been prepared on the going concern basis, on the understanding that the shareholders will continue to financially support the company over the next 12 months.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2023
5,003
18,900
7,076
30,979
At 31 December 2023
5,003
18,900
9,262
33,165
At 1 January 2023
4,801
3,297
5,417
13,515
Charge for the year
115
3,150
1,180
4,445
At 31 December 2023
4,916
6,447
6,597
17,960
At 31 December 2023
87
12,453
2,665
15,205
At 31 December 2022
202
15,603
1,659
17,464
ADD THEN MULTIPLY LIMITED
Notes to the Accounts
for the year ended 31 December 2023
5
Investments
Other investments
Valuation at 1 January 2023
5,000
Valuation at 31 December 2023
5,000
Amounts falling due within one year
Trade debtors
9,000
25,038
Accrued income and prepayments
-
35,018
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
4,000
4,000
Taxes and social security
5,450
1,725
Other creditors
73,273
81,934
Loans from directors
(13,754)
18,874
Deferred income
1,115
1,115
8
Creditors: amounts falling due after more than one year
2023
2022
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).