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REGISTERED NUMBER: 02364069 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

MULTICELL INTERNATIONAL LIMITED

MULTICELL INTERNATIONAL LIMITED (REGISTERED NUMBER: 02364069)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MULTICELL INTERNATIONAL LIMITED

COMPANY INFORMATION
for the year ended 30 September 2024







DIRECTOR: A R Whitehorn





REGISTERED OFFICE: Box Road
Broughton Astley
Leicester
LE9 6TJ





REGISTERED NUMBER: 02364069 (England and Wales)





ACCOUNTANTS: Magma Audit LLP
Unit 2 Charnwood Edge Business Park
Syston Road, Leicester
LE7 4UZ
Magma Audit LLP is part
Of the Dains Group

MULTICELL INTERNATIONAL LIMITED (REGISTERED NUMBER: 02364069)

BALANCE SHEET
30 September 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 18,486 28,333
Tangible assets 5 611,479 598,139
Investments 6 61 61
630,026 626,533

CURRENT ASSETS
Stocks 1,125,734 789,814
Debtors 7 795,515 784,839
Cash at bank and in hand 57,119 33,587
1,978,368 1,608,240
CREDITORS
Amounts falling due within one year 8 (1,502,182 ) (1,294,959 )
NET CURRENT ASSETS 476,186 313,281
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,106,212

939,814

CREDITORS
Amounts falling due after more than one
year

9

(228,016

)

(264,735

)

PROVISIONS FOR LIABILITIES (109,000 ) (102,640 )
NET ASSETS 769,196 572,439

CAPITAL AND RESERVES
Called up share capital 25,375 25,375
Share premium 11,000 11,000
Capital redemption reserve 4,625 4,625
Retained earnings 728,196 531,439
769,196 572,439

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

MULTICELL INTERNATIONAL LIMITED (REGISTERED NUMBER: 02364069)

BALANCE SHEET - continued
30 September 2024


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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 March 2025 and were signed by:





A R Whitehorn - Director


MULTICELL INTERNATIONAL LIMITED (REGISTERED NUMBER: 02364069)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 September 2024


1. STATUTORY INFORMATION

Multicell International Limited is a private limited company, registered in England and Wales. Its registered office address is Box Road, Broughton Astley, Leicestershire LE9 6TJ and the registered number is 02364069.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Turnover
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.

Rendering of goods
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods) , the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Intangible fixed assets
Goodwill is written off in equal annual instalments over its estimated useful economic life of 10 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery 15% reducing balance
Fixtures and fittings 15% reducing balance
Computers software10 years straight line
Motor vehicles25% reducing balance
Motor vans 4 years straight line
Short leasehold land & buildingsOver the period of the lease

Investments in subsidiaries
Investment in the subsidiary company is held at cost less accumulated impairment losses.

Stocks
Stocks are stated at the lower of cost and 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.

MULTICELL INTERNATIONAL LIMITED (REGISTERED NUMBER: 02364069)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate.

Taxation
The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a change 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Foreign currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 39 (2023 - 36 ) .

MULTICELL INTERNATIONAL LIMITED (REGISTERED NUMBER: 02364069)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024


4. INTANGIBLE FIXED ASSETS
Patents
and
Goodwill licences Totals
£    £    £   
COST
At 1 October 2023 100,000 - 100,000
Additions - 170 170
At 30 September 2024 100,000 170 100,170
AMORTISATION
At 1 October 2023 71,667 - 71,667
Amortisation for year 10,000 17 10,017
At 30 September 2024 81,667 17 81,684
NET BOOK VALUE
At 30 September 2024 18,333 153 18,486
At 30 September 2023 28,333 - 28,333

5. TANGIBLE FIXED ASSETS
Short
leasehold Fixtures
land & Plant and and
buildings machinery fittings
£    £    £   
COST
At 1 October 2023 393,756 132,427 78,938
Additions 8,603 25,815 22,403
At 30 September 2024 402,359 158,242 101,341
DEPRECIATION
At 1 October 2023 75,910 91,148 32,817
Charge for year 35,767 10,158 10,283
At 30 September 2024 111,677 101,306 43,100
NET BOOK VALUE
At 30 September 2024 290,682 56,936 58,241
At 30 September 2023 317,846 41,279 46,121

MULTICELL INTERNATIONAL LIMITED (REGISTERED NUMBER: 02364069)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024


5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles software Totals
£    £    £   
COST
At 1 October 2023 224,069 84,879 914,069
Additions 91,038 9,338 157,197
At 30 September 2024 315,107 94,217 1,071,266
DEPRECIATION
At 1 October 2023 83,389 32,666 315,930
Charge for year 78,228 9,421 143,857
At 30 September 2024 161,617 42,087 459,787
NET BOOK VALUE
At 30 September 2024 153,490 52,130 611,479
At 30 September 2023 140,680 52,213 598,139

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2023
and 30 September 2024 61
NET BOOK VALUE
At 30 September 2024 61
At 30 September 2023 61

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 791,671 779,230
Other debtors - 566
Prepayments 3,844 5,043
795,515 784,839

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans 48,906 52,560
Hire purchase contracts (see note 10) 67,947 43,447
Bank discount facility 147,155 97,027
Trade creditors 778,973 717,697
Tax 60,697 17,046
Social security and other taxes 210,411 225,502
Directors' current accounts 50,000 50,000
Accruals 134,632 88,219
Deferred grants 3,461 3,461
1,502,182 1,294,959

MULTICELL INTERNATIONAL LIMITED (REGISTERED NUMBER: 02364069)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 93,771 136,078
Hire purchase contracts (see note 10) 120,402 111,353
Deferred grants 13,843 17,304
228,016 264,735

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 67,947 43,447
Between one and five years 120,402 111,353
188,349 154,800

Non-cancellable operating leases
2024 2023
£    £   
Within one year 82,887 82,887
Between one and five years 331,548 331,548
In more than five years 329,623 412,510
744,058 826,945

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 188,349 154,800

The hire purchase contracts are secured over the assets concerned.