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REGISTERED NUMBER: 01245753 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

MULTIFRY LTD

MULTIFRY LTD (REGISTERED NUMBER: 01245753)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


MULTIFRY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: Mrs J Saunderson
P Sims
C Sims





REGISTERED OFFICE: 41 Oxford Street
Wincolmlee
Hull
HU2 0QP





REGISTERED NUMBER: 01245753 (England and Wales)





ACCOUNTANTS: Majors Limited
F15 The Bloc
38 Springfield Way
Anlaby
Hull
E. Yorks
HU10 6RJ

MULTIFRY LTD (REGISTERED NUMBER: 01245753)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 444,263 425,111
Investments 5 22,419 22,419
466,682 447,530

CURRENT ASSETS
Stocks 15,610 36,481
Debtors 6 133,280 91,409
Cash at bank 19,667 670
168,557 128,560
CREDITORS
Amounts falling due within one year 7 168,375 162,848
NET CURRENT ASSETS/(LIABILITIES) 182 (34,288 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

466,864

413,242

CAPITAL AND RESERVES
Called up share capital 300 300
Revaluation reserve 8 90,016 90,016
Capital redemption reserve 200 200
Retained earnings 376,348 322,726
SHAREHOLDERS' FUNDS 466,864 413,242

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

MULTIFRY LTD (REGISTERED NUMBER: 01245753)

BALANCE SHEET - continued
29 FEBRUARY 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 31 May 2024 and were signed on its behalf by:




P Sims - Director



Mrs J Saunderson - Director


MULTIFRY LTD (REGISTERED NUMBER: 01245753)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Multifry 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost, 10% on reducing balance and 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 11 ) .

MULTIFRY LTD (REGISTERED NUMBER: 01245753)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

4. TANGIBLE FIXED ASSETS
Freehold Long Plant and
property leasehold machiner
£    £    £   
COST
At 1 March 2023 370,984 9,678 184,141
Additions - - 38,450
Disposals - - (26,500 )
At 29 February 2024 370,984 9,678 196,091
DEPRECIATION
At 1 March 2023 - 9,678 138,980
Charge for year - - 4,836
Eliminated on disposal - - (13,250 )
At 29 February 2024 - 9,678 130,566
NET BOOK VALUE
At 29 February 2024 370,984 - 65,525
At 28 February 2023 370,984 - 45,161

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2023 23,099 13,100 13,880 614,882
Additions - - 998 39,448
Disposals - - - (26,500 )
At 29 February 2024 23,099 13,100 14,878 627,830
DEPRECIATION
At 1 March 2023 15,803 13,100 12,210 189,771
Charge for year 730 - 1,480 7,046
Eliminated on disposal - - - (13,250 )
At 29 February 2024 16,533 13,100 13,690 183,567
NET BOOK VALUE
At 29 February 2024 6,566 - 1,188 444,263
At 28 February 2023 7,296 - 1,670 425,111

MULTIFRY LTD (REGISTERED NUMBER: 01245753)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

5. FIXED ASSET INVESTMENTS
Other
investme
£   
COST
At 1 March 2023
and 29 February 2024 22,419
NET BOOK VALUE
At 29 February 2024 22,419
At 28 February 2023 22,419

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 109,660 86,735
Other debtors 23,620 4,674
133,280 91,409

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 31,858
Trade creditors 63,813 29,423
Taxation and social security 56,919 54,973
Other creditors 47,643 46,594
168,375 162,848

8. RESERVES
Revaluati
reserve
£   
At 1 March 2023
and 29 February 2024 90,016