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REGISTERED NUMBER: SC395404 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

MULTIPLEX 3X LIMITED

MULTIPLEX 3X LIMITED (REGISTERED NUMBER: SC395404)

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


MULTIPLEX 3X LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTOR: D Whiteford





REGISTERED OFFICE: 5 Carden Place
Aberdeen
AB10 1UT





REGISTERED NUMBER: SC395404 (Scotland)






MULTIPLEX 3X LIMITED (REGISTERED NUMBER: SC395404)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 620,685 592,421

CURRENT ASSETS
Debtors 5 353 97
Cash at bank 236,427 221,947
236,780 222,044
CREDITORS
Amounts falling due within one year 6 162,568 95,722
NET CURRENT ASSETS 74,212 126,322
TOTAL ASSETS LESS CURRENT
LIABILITIES

694,897

718,743

CREDITORS
Amounts falling due after more than one
year

7

(16,667

)

(26,661

)

PROVISIONS FOR LIABILITIES (165,588 ) (112,560 )
NET ASSETS 512,642 579,522

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 512,640 579,520
512,642 579,522

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 director acknowledges his 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.

MULTIPLEX 3X LIMITED (REGISTERED NUMBER: SC395404)

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 director and authorised for issue on 29 January 2025 and were signed by:





D Whiteford - Director


MULTIPLEX 3X LIMITED (REGISTERED NUMBER: SC395404)

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


1. STATUTORY INFORMATION

Multiplex 3X Limited is a private company, limited by shares , registered in Scotland. 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.
Freehold property - 10% on cost
Plant and machinery - 20% on cost and 15% on reducing balance
Fixtures and fittings - 20% on cost and 15% on reducing balance
Motor vehicles - 25% on reducing balance and 20% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

MULTIPLEX 3X LIMITED (REGISTERED NUMBER: SC395404)

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


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2023 41,665 1,414,586 3,791 186,780 1,646,822
Additions - 160,903 12,473 50,957 224,333
Disposals - (8,517 ) (706 ) (16,048 ) (25,271 )
At 31 March 2024 41,665 1,566,972 15,558 221,689 1,845,884
DEPRECIATION
At 1 April 2023 41,665 870,101 1,764 140,871 1,054,401
Charge for year - 166,926 2,634 15,618 185,178
Eliminated on disposal - (4,020 ) (591 ) (9,769 ) (14,380 )
At 31 March 2024 41,665 1,033,007 3,807 146,720 1,225,199
NET BOOK VALUE
At 31 March 2024 - 533,965 11,751 74,969 620,685
At 31 March 2023 - 544,485 2,027 45,909 592,421

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 353 97

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Amounts owed to participating interests 42,577 1,989
Taxation and social security 37,470 7,345
Other creditors 72,521 76,388
162,568 95,722

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 16,667 26,661

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the director.