Company registration number 11379855 (England and Wales)
Multifuture Concepts Ltd
UNAUDITED FINANCIAL STATEMENTS
for the year ended 31 May 2024
PAGES FOR FILING WITH REGISTRAR
Multifuture Concepts Ltd
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3
Multifuture Concepts Ltd
Statement of financial position
as at 31 May 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
2
40
40
Current assets
Debtors
616,345
553,557
Cash at bank and in hand
29,436
9,226
645,781
562,783
Creditors: amounts falling due within one year
(393,023)
(125,112)
Net current assets
252,758
437,671
Total assets less current liabilities
252,798
437,711
Creditors: amounts falling due after more than one year
(10,000)
(20,000)
Net assets
242,798
417,711
Capital and reserves
Called up share capital
3
60
60
Profit and loss reserves
242,738
417,651
Total equity
242,798
417,711
Multifuture Concepts Ltd
Statement of financial position (continued)
as at 31 May 2024
- 2 -

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 24 December 2024 and are signed on its behalf by:
M D Clough
Director
Company Registration No. 11379855
Multifuture Concepts Ltd
Notes to the financial statements
for the year ended 31 May 2024
- 3 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
40
40
3
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
A Ordinary shares of £1 each
60
60
60
60
4
Company information

Multifuture Concepts Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 1 Horsefair, Wetherby, Leeds, West Yorkshire, LS22 6JG.

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