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REGISTERED NUMBER: 03840220 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Multi-Distribution Limited

Multi-Distribution Limited (Registered number: 03840220)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Multi-Distribution Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Z A Raja
Mrs S A Raja
Ms N Z Raja





SECRETARY: Z A Raja





REGISTERED OFFICE: 33 Meadway Park
Gerrards Cross
SL9 7NN





REGISTERED NUMBER: 03840220 (England and Wales)






Multi-Distribution Limited (Registered number: 03840220)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 560,599 1,056,924

CURRENT ASSETS
Stocks 5 - 64,311
Debtors 6 1,198,754 1,443,069
Cash at bank and in hand 170,347 170,479
1,369,101 1,677,859
CREDITORS
Amounts falling due within one year 7 678,449 1,162,314
NET CURRENT ASSETS 690,652 515,545
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,251,251

1,572,469

CREDITORS
Amounts falling due after more than one
year

8

(458,980

)

(667,376

)

PROVISIONS FOR LIABILITIES (102,609 ) (195,688 )
NET ASSETS 689,662 709,405

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 689,562 709,305
SHAREHOLDERS' FUNDS 689,662 709,405

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Multi-Distribution Limited (Registered number: 03840220)

Balance Sheet - continued
31 March 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 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:





Mrs S A Raja - Director


Multi-Distribution Limited (Registered number: 03840220)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Multi-Distribution Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern
The company ceased trading on 6 September 2024 and the directors have confirmed that there are no plans for any future business activity. Accordingly, these financial statements are not prepared on a going concern basis. No adjustments were necessary to the amounts at which the remaining assets and liabilities are included in these financial statements as liabilities will be fully paid.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business , and is shown net of VAT and other sales related taxes . The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

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.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 33% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Multi-Distribution Limited (Registered number: 03840220)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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. Financial liabilities classified as payable within one year are not amortised.

Cash at bank and in hand
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction
costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at
the discretion of the company.

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 balance sheet date.


Multi-Distribution Limited (Registered number: 03840220)

Notes to the Financial Statements - continued
for the Year Ended 31 March 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 balance sheet 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.

Hire purchase and leasing commitments
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 45 (2023 - 45 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Long to Plant and
leasehold property machinery
£    £    £   
COST
At 1 April 2023 15,693 26,480 290,269
Additions - - 2,923
Disposals - - -
At 31 March 2024 15,693 26,480 293,192
DEPRECIATION
At 1 April 2023 - 17,281 180,562
Charge for year - 3,066 22,526
Eliminated on disposal - - -
At 31 March 2024 - 20,347 203,088
NET BOOK VALUE
At 31 March 2024 15,693 6,133 90,104
At 31 March 2023 15,693 9,199 109,707

Multi-Distribution Limited (Registered number: 03840220)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 210,653 2,523,002 5,474 3,071,571
Additions - 99,163 - 102,086
Disposals - (1,796,582 ) - (1,796,582 )
At 31 March 2024 210,653 825,583 5,474 1,377,075
DEPRECIATION
At 1 April 2023 182,973 1,630,495 3,336 2,014,647
Charge for year 9,226 118,078 713 153,609
Eliminated on disposal - (1,351,780 ) - (1,351,780 )
At 31 March 2024 192,199 396,793 4,049 816,476
NET BOOK VALUE
At 31 March 2024 18,454 428,790 1,425 560,599
At 31 March 2023 27,680 892,507 2,138 1,056,924

5. STOCKS
31.3.24 31.3.23
£    £   
Stocks - 64,311

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 979,218 1,057,901
Other debtors 219,536 385,168
1,198,754 1,443,069

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts (see note 9) 84,550 84,550
Hire purchase contracts 25,784 178,869
Trade creditors 210,983 387,569
Taxation and social security 269,570 410,855
Other creditors 87,562 100,471
678,449 1,162,314

Multi-Distribution Limited (Registered number: 03840220)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans (see note 9) 266,667 426,667
Hire purchase contracts 192,313 240,709
458,980 667,376

9. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 84,550 84,550

Amounts falling due between two and five years:
Bank loans - 2-5 years 266,667 426,667

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100