Registered number
10744321
Cambridge Multi - Physics Limited
Unaudited Filleted Financial Statements
30 April 2024
Cambridge Multi - Physics Limited
Registered number: 10744321
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 - 205
Current assets
Debtors 4 12,216 4,046
Cash at bank and in hand 481,393 294,737
493,609 298,783
Creditors: amounts falling due within one year 5 (11,991) (7,919)
Net current assets 481,618 290,864
Total assets less current liabilities 481,618 291,069
Creditors: amounts falling due after more than one year 6 (62,731) (62,731)
Provisions for liabilities - (51)
Net assets 418,887 228,287
Capital and reserves
Called up share capital 2 2
Share premium 129,991 129,991
Profit and loss account 288,894 98,294
Shareholders' funds 418,887 228,287
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
N Nikiforakis
Director
Approved by the board on 24 January 2025
Cambridge Multi - Physics Limited
Notes to the financial statements
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 3 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 5
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2023 1,234
At 30 April 2024 1,234
Depreciation
At 1 May 2023 1,029
Charge for the year 205
At 30 April 2024 1,234
Net book value
At 30 April 2024 -
At 30 April 2023 205
4 Debtors 2024 2023
£ £
Trade debtors 9,839 -
Other debtors 2,377 4,046
12,216 4,046
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 8,739 4,219
Other creditors 3,252 3,700
11,991 7,919
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 62,731 62,731
7 Related party transactions
At the balance sheet date Cambridge Numerical Solutions Limited, a company controlled by the director Dr N Nikiforakis, is owed £37,731 (2023 - £37,731) for set up costs incurred in prior years. The directors are of the opinion that this amount will not be repaid within 12 months of the balance sheet date. The balance is included in other creditors due after one year in both the current and previous year.

The loan of £25,000 (2023- £25,000) made to the company by Cambridge Numerical Solutions Limited, a company under the control of the director Dr N Nikiforakis, does not bear any interest and has no fixed date of repayment. The loan is included in creditors due after one year in both the current and previous year.
8 Controlling party
The company is controlled by the directors who currently hold 100% of the issued share capital of the company.
9 Other information
Cambridge Multi - Physics Limited is a private company limited by shares and incorporated in England. Its registered office is:
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