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REGISTERED NUMBER: 06190274 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Multi-Temp (UK) Limited

Multi-Temp (UK) Limited (Registered number: 06190274)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Statement of Financial Position 1

Notes to the Financial Statements 2


Multi-Temp (UK) Limited (Registered number: 06190274)

Statement of Financial Position
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 459,297 274,890

CURRENT ASSETS
Stocks 247,634 177,610
Debtors 5 3,498,273 2,895,379
Cash at bank and in hand 368,366 241,557
4,114,273 3,314,546
CREDITORS
Amounts falling due within one year 6 2,836,257 2,455,944
NET CURRENT ASSETS 1,278,016 858,602
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,737,313

1,133,492

CREDITORS
Amounts falling due after more than one year 7 (357,193 ) (469,477 )

PROVISIONS FOR LIABILITIES (61,587 ) (32,777 )
NET ASSETS 1,318,533 631,238

CAPITAL AND RESERVES
Called up share capital 27,025 27,025
Share premium 33,980 33,980
Retained earnings 1,257,528 570,233
SHAREHOLDERS' FUNDS 1,318,533 631,238

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 directors acknowledge their 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 March 2025 and were signed on its behalf by:





D R Powell - Director


Multi-Temp (UK) Limited (Registered number: 06190274)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Multi-Temp (UK) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06190274

Registered office: Hemlock House
Hyssop Close
Hemlock Park
Cannock
Staffordshire
WS11 7FB

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue recognition
Revenue is generally recognised as contract activity progresses so that for incomplete contracts it reflects the partial performance of the contractual obligations. For such contracts the amount of revenue reflects the accrual of the right to consideration by reference to the value of work performed. Revenue not billed to clients is included in work in progress and payments on account in excess of the relevant amount of revenue are included in creditors.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost and 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Multi-Temp (UK) Limited (Registered number: 06190274)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 667,393
Additions 324,835
Disposals (100,247 )
At 30 September 2024 891,981
DEPRECIATION
At 1 October 2023 392,503
Charge for year 109,640
Eliminated on disposal (69,459 )
At 30 September 2024 432,684
NET BOOK VALUE
At 30 September 2024 459,297
At 30 September 2023 274,890

Multi-Temp (UK) Limited (Registered number: 06190274)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 October 2023 377,466
Additions 280,375
Disposals (36,254 )
At 30 September 2024 621,587
DEPRECIATION
At 1 October 2023 144,922
Charge for year 87,401
Eliminated on disposal (14,130 )
At 30 September 2024 218,193
NET BOOK VALUE
At 30 September 2024 403,394
At 30 September 2023 232,544

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 1,830,126 1,490,568
Amounts owed by group undertakings 1,239,555 1,121,552
Amounts recoverable on contract 164,008 60,334
Other debtors 264,584 222,925
3,498,273 2,895,379

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 270,847 456,559
Hire purchase contracts (see note 8) 115,768 71,860
Trade creditors 1,267,453 962,953
Taxation and social security 540,597 383,916
Other creditors 641,592 580,656
2,836,257 2,455,944

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans 151,375 355,939
Hire purchase contracts (see note 8) 205,818 113,538
357,193 469,477

Multi-Temp (UK) Limited (Registered number: 06190274)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

30.9.24 30.9.23
£    £   
Net obligations repayable:
Within one year 115,768 71,860
Between one and five years 205,818 113,538
321,586 185,398

9. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Bank overdrafts 66,282 218,252
Hire purchase contracts 321,586 185,398
387,868 403,650

10. RELATED PARTY DISCLOSURES

The company has an outstanding loan balance due from its parent company, Multi-Temp Holdings Limited, amounting to £1,239,555 at the balance sheet date.

The loan is unsecured and interest-free, with no fixed repayment terms.

The directors expect that the loan will be repaid by future dividend distributions from the parent company.

11. ULTIMATE CONTROLLING PARTY

The company is a 92.5% subsidiary of Multi-Temp Holdings Limited. The registered office address is Hemlock House, Hyssop Close, Hemlock Park, Cannock, Staffordshire, WS11 7FB.