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REGISTERED NUMBER: 03359115 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

MULTI INSTALLATIONS LTD

MULTI INSTALLATIONS LTD (Registered number: 03359115)

Contents of the Financial Statements
for the Year Ended 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MULTI INSTALLATIONS LTD

Company Information
for the Year Ended 31 MARCH 2024







DIRECTORS: R Pindoria
V Kansara
D Washington
Ms K Chuscavage





REGISTERED OFFICE: Alpha House
296 Kenton Road
Harrow
HA3 8DD





REGISTERED NUMBER: 03359115 (England and Wales)





ACCOUNTANTS: Frasers Young Limited
Chartered Certified Accountants
Alpha House
296 Kenton Road
Harrow
HA3 8DD

MULTI INSTALLATIONS LTD (Registered number: 03359115)

Balance Sheet
31 MARCH 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,047,637 882,545

CURRENT ASSETS
Stocks 1,027,732 860,805
Debtors 5 2,045,797 1,318,341
3,073,529 2,179,146
CREDITORS
Amounts falling due within one year 6 (3,148,491 ) (2,245,981 )
NET CURRENT LIABILITIES (74,962 ) (66,835 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

972,675

815,710

CREDITORS
Amounts falling due after more than one
year

7

(475,963

)

(448,533

)

PROVISIONS FOR LIABILITIES (179,324 ) (158,637 )
NET ASSETS 317,388 208,540

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 317,288 208,440
SHAREHOLDERS' FUNDS 317,388 208,540

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

MULTI INSTALLATIONS LTD (Registered number: 03359115)

Balance Sheet - continued
31 MARCH 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 October 2024 and were signed on its behalf by:





R Pindoria - Director


MULTI INSTALLATIONS LTD (Registered number: 03359115)

Notes to the Financial Statements
for the Year Ended 31 MARCH 2024


1. STATUTORY INFORMATION

MULTI INSTALLATIONS LTD is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of services,excluding value added tax.


Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & machinery - 15% on reducing balance
Motor vehicles - 25 % on reducing balance
Computer equipment - 15% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

MULTI INSTALLATIONS LTD (Registered number: 03359115)

Notes to the Financial Statements - continued
for the Year Ended 31 MARCH 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 64 (2023 - 51 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant & and
property machinery fittings
£    £    £   
COST
At 1 April 2023 - 1,233,538 13,459
Additions 80,116 205,161 11,185
Disposals - (35,822 ) (1,889 )
At 31 March 2024 80,116 1,402,877 22,755
DEPRECIATION
At 1 April 2023 - 478,814 3,072
Charge for year 16,023 141,213 3,114
Eliminated on disposal - (17,359 ) (1,081 )
At 31 March 2024 16,023 602,668 5,105
NET BOOK VALUE
At 31 March 2024 64,093 800,209 17,650
At 31 March 2023 - 754,724 10,387

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 295,724 4,330 1,547,051
Additions 108,396 665 405,523
Disposals (30,328 ) - (68,039 )
At 31 March 2024 373,792 4,995 1,884,535
DEPRECIATION
At 1 April 2023 180,181 2,439 664,506
Charge for year 54,504 383 215,237
Eliminated on disposal (24,405 ) - (42,845 )
At 31 March 2024 210,280 2,822 836,898
NET BOOK VALUE
At 31 March 2024 163,512 2,173 1,047,637
At 31 March 2023 115,543 1,891 882,545

MULTI INSTALLATIONS LTD (Registered number: 03359115)

Notes to the Financial Statements - continued
for the Year Ended 31 MARCH 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 965,685 840,493
Amounts owed by associates 600,899 -
Other debtors 479,213 477,848
2,045,797 1,318,341

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 95,638 198,439
Trade creditors 1,876,012 1,563,056
Amounts owed to associates 138,287 -
Taxation and social security 710,763 383,767
Other creditors 327,791 100,719
3,148,491 2,245,981

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 93,333 133,333
Hire purchase contracts 382,630 315,200
475,963 448,533

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 93,333 133,333

8. RELATED PARTY DISCLOSURES

During the period the company paid rent of £200,082 (£58,357-2023) to Multi Property Investments Limited(MPIL), company controlled by Mr R Pindoria, director.The balanced due from MPIL was £ 600,899.

The company also paid outsoursing charges of £ 183,299 to Multi Installation Pvt Ltd(MIPL), company owned by Mr R Pindoria, director and registered in India. The balanced owed to MIPL was £ 138,287.

9. ULTIMATE CONTROLLING PARTY

The controlling party is R Pindoria.