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Company Registration No. 12877718 (England and Wales)
MULTIGROUP SERVICE LTD Unaudited accounts for the year ended 31 March 2024
MULTIGROUP SERVICE LTD Unaudited accounts Contents
Page
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MULTIGROUP SERVICE LTD Company Information for the year ended 31 March 2024
Director
Stefan Stoyanov Adzhikov
Company Number
12877718 (England and Wales)
Registered Office
7 St. Catherines Road Maidstone England ME15 9WP
Accountants
DoKument Ltd Corbet Arms High Street Market Drayton Shropshire TF9 1PY
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MULTIGROUP SERVICE LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,499 
2,773 
Current assets
Cash at bank and in hand
641 
- 
Creditors: amounts falling due within one year
(115,329)
(41,574)
Net current liabilities
(114,688)
(41,574)
Total assets less current liabilities
(108,189)
(38,801)
Creditors: amounts falling due after more than one year
99,010 
38,015 
Net liabilities
(9,179)
(786)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(9,279)
(886)
Shareholders' funds
(9,179)
(786)
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 December 2024 and were signed on its behalf by
Stefan Stoyanov Adzhikov Director Company Registration No. 12877718
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MULTIGROUP SERVICE LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
MULTIGROUP SERVICE LTD is a private company, limited by shares, registered in England and Wales, registration number 12877718. The registered office is 7 St. Catherines Road, Maidstone, England, ME15 9WP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
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.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight Line
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2023
3,697 
Additions
6,200 
At 31 March 2024
9,897 
Depreciation
At 1 April 2023
924 
Charge for the year
2,474 
At 31 March 2024
3,398 
Net book value
At 31 March 2024
6,499 
At 31 March 2023
2,773 
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MULTIGROUP SERVICE LTD Notes to the Accounts for the year ended 31 March 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
9,915 
VAT
65,770 
28,952 
Taxes and social security
39,894 
1,483 
Other creditors
9,665 
- 
Accruals
- 
1,224 
115,329 
41,574 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Loans from directors
(99,010)
(38,015)
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Stefan Stoyanov Adzhikov
DLA
38,015 
106,860 
45,865 
99,010 
38,015 
106,860 
45,865 
99,010 
As of 31 March 2024, the director of the company owed £99,010 to the company (31 March 2023: £38,015) in respect of interest free loan, which is repayable on demand.
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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