Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-30The principle activity of the company is the sale, repair and servicing of plant and machinery2023-10-01false810falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04909933 2023-10-01 2024-09-30 04909933 2022-10-01 2023-09-30 04909933 2024-09-30 04909933 2023-09-30 04909933 c:Director2 2023-10-01 2024-09-30 04909933 d:PlantMachinery 2023-10-01 2024-09-30 04909933 d:MotorVehicles 2023-10-01 2024-09-30 04909933 d:MotorVehicles 2024-09-30 04909933 d:MotorVehicles 2023-09-30 04909933 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 04909933 d:FurnitureFittings 2023-10-01 2024-09-30 04909933 d:FurnitureFittings 2024-09-30 04909933 d:FurnitureFittings 2023-09-30 04909933 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 04909933 d:OfficeEquipment 2023-10-01 2024-09-30 04909933 d:OfficeEquipment 2024-09-30 04909933 d:OfficeEquipment 2023-09-30 04909933 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 04909933 d:ComputerEquipment 2023-10-01 2024-09-30 04909933 d:ComputerEquipment 2024-09-30 04909933 d:ComputerEquipment 2023-09-30 04909933 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 04909933 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 04909933 d:CurrentFinancialInstruments 2024-09-30 04909933 d:CurrentFinancialInstruments 2023-09-30 04909933 d:Non-currentFinancialInstruments 2024-09-30 04909933 d:Non-currentFinancialInstruments 2023-09-30 04909933 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 04909933 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 04909933 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 04909933 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 04909933 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-09-30 04909933 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-09-30 04909933 d:ShareCapital 2024-09-30 04909933 d:ShareCapital 2023-09-30 04909933 d:RetainedEarningsAccumulatedLosses 2024-09-30 04909933 d:RetainedEarningsAccumulatedLosses 2023-09-30 04909933 c:FRS102 2023-10-01 2024-09-30 04909933 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 04909933 c:FullAccounts 2023-10-01 2024-09-30 04909933 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 04909933 d:HirePurchaseContracts d:WithinOneYear 2024-09-30 04909933 d:HirePurchaseContracts d:WithinOneYear 2023-09-30 04909933 2 2023-10-01 2024-09-30 04909933 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 04909933










MULTIPLANT LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED SEPTEMBER 30, 2024

 
MULTIPLANT LIMITED
REGISTERED NUMBER: 04909933

BALANCE SHEET
AS AT SEPTEMBER 30, 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
52,852
70,285

  
52,852
70,285

Current assets
  

Stocks
  
101,709
162,207

Debtors: amounts falling due within one year
 5 
249,289
182,189

Cash at bank and in hand
 6 
156,467
16,648

  
507,465
361,044

Creditors: amounts falling due within one year
 7 
(473,141)
(310,310)

Net current assets
  
 
 
34,324
 
 
50,734

Total assets less current liabilities
  
87,176
121,019

Creditors: amounts falling due after more than one year
  
(6,383)
(16,666)

  

Net assets
  
80,793
104,353


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
80,693
104,253

  
80,793
104,353


Page 1

 
MULTIPLANT LIMITED
REGISTERED NUMBER: 04909933
    
BALANCE SHEET (CONTINUED)
AS AT SEPTEMBER 30, 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




M Reynolds
Director

Date: February 13, 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
MULTIPLANT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED SEPTEMBER 30, 2024

1.


General information

Multiplant Limited is a private company limited by shares, incorporated in the United Kingdom, registered in England and Wales. The principle place of business is Unit 4-5 Cranbrook Court, Witney, OX28 4YH.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
MULTIPLANT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED SEPTEMBER 30, 2024

2.Accounting policies (continued)

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Pensions

Defined contribution pension plan

The Company contributes to a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
MULTIPLANT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED SEPTEMBER 30, 2024

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Motor vehicles
-
Office equipment
-
25%
Computer equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
MULTIPLANT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED SEPTEMBER 30, 2024

2.Accounting policies (continued)

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 8 (2023 - 10).


4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Office equipment
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 October 2023
154,963
2,221
42,095
15,358
214,637


Additions
-
248
-
544
792



At September 30, 2024

154,963
2,469
42,095
15,902
215,429



Depreciation


At 1 October 2023
104,723
2,198
23,985
13,446
144,352


Charge for the year on owned assets
12,645
85
4,589
906
18,225



At September 30, 2024

117,368
2,283
28,574
14,352
162,577



Net book value



At September 30, 2024
37,595
186
13,521
1,550
52,852



At September 30, 2023
50,240
23
18,110
1,912
70,285

Page 6

 
MULTIPLANT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED SEPTEMBER 30, 2024

5.


Debtors

2024
2023
£
£


Trade debtors
248,949
170,278

Other debtors
340
11,911

249,289
182,189



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
156,467
16,648

156,467
16,648



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
22,000
40,204

Trade creditors
291,063
93,198

Corporation tax
29,138
32,334

Other taxation and social security
57,023
41,110

Obligations under finance lease and hire purchase contracts
-
18,183

Other creditors
65,923
77,026

Accruals and deferred income
7,994
8,255

473,141
310,310



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
6,383
16,666

6,383
16,666


Page 7

 
MULTIPLANT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED SEPTEMBER 30, 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
22,000
40,204


22,000
40,204

Amounts falling due 1-2 years

Bank loans
6,384
16,667


6,384
16,667



28,384
56,871



10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
-
18,183

-
18,183

The finance lease and hire purchase contracts are secured on the assets to which they relate.


11.


Pension commitments

The company contributes to a defined contribution pension scheme. The assets of the scheme are held
separately from those of the company in an independantly administered fund. The pension cost charge
represents contributions payable by the Company to the fund and amounted to £17,847 (2023 - £10,750).
Contributions totalling £Nil (2023 - £Nil) were payable to the fund at the balance sheet date.

Page 8

 
MULTIPLANT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED SEPTEMBER 30, 2024

12.


Controlling party

At the year end the company owed M Reynolds, a director and majority shareholder of the company £60,317 (2023: £71,750.
During the year Multiplant Holdings Limited, a company under the same ownership as Multiplant Limited invoiced the company £45,500 for rental costs.

 
Page 9