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Company Registration No. 07896599 (England and Wales)
MULTITRON LIMITED Unaudited accounts for the year ended 30 June 2024
MULTITRON LIMITED Unaudited accounts Contents
Page
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MULTITRON LIMITED Company Information for the year ended 30 June 2024
Director
Duncan Grove
Company Number
07896599 (England and Wales)
Registered Office
STEWARD HOUSE, 14 COMMERCIAL WAY WOKING GU21 6ET ENGLAND
Accountants
Tanners Tax Accountants Steward House 14 Commercial Way Woking Surrey GU21 6ET
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MULTITRON LIMITED Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
10,752 
14,336 
Current assets
Inventories
1,854 
10,065 
Debtors
87,226 
165,934 
Cash at bank and in hand
657,478 
585,882 
746,558 
761,881 
Creditors: amounts falling due within one year
(177,345)
(208,610)
Net current assets
569,213 
553,271 
Total assets less current liabilities
579,965 
567,607 
Creditors: amounts falling due after more than one year
(10,000)
(20,000)
Provisions for liabilities
Deferred tax
- 
(3,584)
Net assets
569,965 
544,023 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
569,865 
543,923 
Shareholders' funds
569,965 
544,023 
For the year ending 30 June 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 15 January 2025 and were signed on its behalf by
Duncan Grove Director Company Registration No. 07896599
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MULTITRON LIMITED Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
MULTITRON LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07896599. The registered office is STEWARD HOUSE, 14 COMMERCIAL WAY, WOKING, GU21 6ET, ENGLAND.
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
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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MULTITRON LIMITED Notes to the Accounts for the year ended 30 June 2024
Foreign exchange
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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2023
42,606 
32,740 
75,346 
At 30 June 2024
42,606 
32,740 
75,346 
Depreciation
At 1 July 2023
37,570 
23,440 
61,010 
Charge for the year
1,258 
2,326 
3,584 
At 30 June 2024
38,828 
25,766 
64,594 
Net book value
At 30 June 2024
3,778 
6,974 
10,752 
At 30 June 2023
5,036 
9,300 
14,336 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
75,981 
155,001 
Accrued income and prepayments
7,368 
7,056 
Other debtors
3,877 
3,877 
87,226 
165,934 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
24,576 
29,820 
Trade creditors
70,566 
82,202 
Taxes and social security
53,216 
66,650 
Loans from directors
1 
- 
Accruals
18,986 
19,938 
177,345 
208,610 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
10,000 
20,000 
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MULTITRON LIMITED Notes to the Accounts for the year ended 30 June 2024
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Operating lease commitments
2024 
2023 
£ 
£ 
At 30 June 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
33,600 
33,600 
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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