Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 09641093 Mr Michael Garnham Mr Jonathan Phillips iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09641093 2023-03-31 09641093 2024-03-31 09641093 2023-04-01 2024-03-31 09641093 frs-core:CurrentFinancialInstruments 2024-03-31 09641093 frs-core:Non-currentFinancialInstruments 2024-03-31 09641093 frs-core:BetweenOneFiveYears 2024-03-31 09641093 frs-core:ComputerEquipment 2023-04-01 2024-03-31 09641093 frs-core:MotorVehicles 2023-04-01 2024-03-31 09641093 frs-core:PlantMachinery 2024-03-31 09641093 frs-core:PlantMachinery 2023-04-01 2024-03-31 09641093 frs-core:PlantMachinery 2023-03-31 09641093 frs-core:WithinOneYear 2024-03-31 09641093 frs-core:ShareCapital 2024-03-31 09641093 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 09641093 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09641093 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 09641093 frs-bus:SmallEntities 2023-04-01 2024-03-31 09641093 frs-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 09641093 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 09641093 frs-core:UnlistedNon-exchangeTraded 2024-03-31 09641093 frs-core:UnlistedNon-exchangeTraded 2023-03-31 09641093 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-03-31 09641093 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 09641093 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-03-31 09641093 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-03-31 09641093 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 09641093 frs-bus:Director1 2023-04-01 2024-03-31 09641093 frs-bus:Director2 2023-04-01 2024-03-31 09641093 frs-countries:EnglandWales 2023-04-01 2024-03-31 09641093 2022-03-31 09641093 2023-03-31 09641093 2022-04-01 2023-03-31 09641093 frs-core:CurrentFinancialInstruments 2023-03-31 09641093 frs-core:Non-currentFinancialInstruments 2023-03-31 09641093 frs-core:BetweenOneFiveYears 2023-03-31 09641093 frs-core:WithinOneYear 2023-03-31 09641093 frs-core:ShareCapital 2023-03-31 09641093 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 09641093
Multi-Finishing Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Steven Burton & Co Limited
Chartered Certified Accountants
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of Multi-Finishing Ltd For The Year Ended 31 March 2024
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Multi-Finishing Ltd which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Multi-Finishing Ltd , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Multi-Finishing Ltd and state those matters that we have agreed to state to the directors of Multi-Finishing Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Multi-Finishing Ltd and its directors as a body for our work or for this report.
It is your duty to ensure that Multi-Finishing Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Multi-Finishing Ltd . You consider that Multi-Finishing Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Multi-Finishing Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
Steven Burton & Co Limited
11/10/2024
Steven Burton & Co Limited
Chartered Certified Accountants
Broomfield Park
Coggeshall Road, Earls Colne
Colchester
Essex
CO6 2JX
Page 1
Page 2
Balance Sheet
Registered number: 09641093
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 24,259 45,895
Investments 5 20,000 -
44,259 45,895
CURRENT ASSETS
Debtors 6 187,118 165,675
Cash at bank and in hand 94,338 156,424
281,456 322,099
Creditors: Amounts Falling Due Within One Year 7 (89,011 ) (106,105 )
NET CURRENT ASSETS (LIABILITIES) 192,445 215,994
TOTAL ASSETS LESS CURRENT LIABILITIES 236,704 261,889
Creditors: Amounts Falling Due After More Than One Year 8 (24,000 ) (43,637 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,065 ) (11,474 )
NET ASSETS 206,639 206,778
CAPITAL AND RESERVES
Called up share capital 10 200 200
Profit and Loss Account 206,439 206,578
SHAREHOLDERS' FUNDS 206,639 206,778
Page 2
Page 3
For the year ending 31 March 2024 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Michael Garnham
Director
Mr Jonathan Phillips
Director
11/10/2024
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Multi-Finishing Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09641093 . The registered office is C/O Steven Burton & Co Ltd, Broomfield Park, Coggeshall Road, Colchester, Essex, CO6 2JX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance method
Motor Vehicles 25% on straight line method
Computer Equipment 25% reducing balance method
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability
simultaneously.

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Page 5
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 April 2023 108,875
Additions 459
As at 31 March 2024 109,334
Depreciation
As at 1 April 2023 62,980
Provided during the period 22,095
As at 31 March 2024 85,075
Net Book Value
As at 31 March 2024 24,259
As at 1 April 2023 45,895
5. Investments
Unlisted
£
Cost
As at 1 April 2023 -
Additions 20,000
As at 31 March 2024 20,000
Provision
As at 1 April 2023 -
As at 31 March 2024 -
...CONTINUED
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Page 6
Net Book Value
As at 31 March 2024 20,000
As at 1 April 2023 -
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 139,237 117,203
Amounts recoverable on contracts 41,410 31,419
Other debtors 6,471 17,053
187,118 165,675
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 9,101 17,100
Trade creditors 10,091 41,815
Bank loans and overdrafts 10,000 10,000
Other creditors 6,284 444
Taxation and social security 53,535 36,746
89,011 106,105
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 12,333 21,970
Bank loans 11,667 21,667
24,000 43,637
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 9,101 17,100
Later than one year and not later than five years 12,333 21,970
21,434 39,070
21,434 39,070
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
Page 6