Multi-Tack Ltd 10728242 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is retail sale of decorating products. Digita Accounts Production Advanced 6.30.9574.0 true true 10728242 2023-05-01 2024-04-30 10728242 2024-04-30 10728242 core:CurrentFinancialInstruments 2024-04-30 10728242 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 10728242 bus:SmallEntities 2023-05-01 2024-04-30 10728242 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 10728242 bus:FilletedAccounts 2023-05-01 2024-04-30 10728242 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 10728242 bus:RegisteredOffice 2023-05-01 2024-04-30 10728242 bus:Director1 2023-05-01 2024-04-30 10728242 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10728242 countries:EnglandWales 2023-05-01 2024-04-30 10728242 2022-05-01 2023-04-30 10728242 2023-04-30 10728242 core:CurrentFinancialInstruments 2023-04-30 10728242 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 iso4217:GBP xbrli:pure

Registration number: 10728242

Multi-Tack Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

Multi-Tack Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 4

 

Multi-Tack Ltd

Company Information

Director

Mr JD Dudding

Registered office

Bridge House
41 Wincolmlee
Hull
East Yorkshire
HU2 8AG

 

Multi-Tack Ltd

(Registration number: 10728242)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

86

86

Cash at bank and in hand

 

134

134

 

220

220

Creditors: Amounts falling due within one year

5

(1,069)

(1,069)

Net liabilities

 

(849)

(849)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(949)

(949)

Shareholders' deficit

 

(849)

(849)

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 31 January 2025
 

.........................................
Mr JD Dudding
Director

 

Multi-Tack Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Bridge House
41 Wincolmlee
Hull
East Yorkshire
HU2 8AG
United Kingdom

These financial statements were authorised for issue by the director on 31 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

At the balance sheet date, the company’s net current liabilities exceeded its net current assets. The company has received assurance from the director that they will continue to give financial support to the company for twelve months from the date of signing these financial statements.
On this basis, the director considers it appropriate to prepare the accounts on a going concern basis. However, should the financial support mentioned above not be forthcoming, the going concern basis used in preparing the company’s accounts may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount and to provide for any further liabilities which might arise. The accounts do not include any adjustment to the company’s assets or liabilities that might be necessary should this basis not continue to be appropriate.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Multi-Tack Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Debtors

2024
£

2023
£

Other debtors

86

86

86

86

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

168

168

Other creditors

901

901

1,069

1,069