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REGISTERED NUMBER: 05540449 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2024

FOR

MULTIHULL SOLUTIONS LIMITED

MULTIHULL SOLUTIONS LIMITED (REGISTERED NUMBER: 05540449)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

MULTIHULL SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST AUGUST 2024







DIRECTOR: A Wood





REGISTERED OFFICE: 16 Clovelly Road
Emsworth
Hampshire
PO10 7HL





REGISTERED NUMBER: 05540449 (England and Wales)





ACCOUNTANTS: Goff and Company Chartered Accountants
89 Havant Road
Emsworth
Hampshire
PO10 7LF

MULTIHULL SOLUTIONS LIMITED (REGISTERED NUMBER: 05540449)

BALANCE SHEET
31ST AUGUST 2024

31.8.24 31.8.23
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 60,000 60,000
Tangible assets 5 182,123 198,206
242,123 258,206

CURRENT ASSETS
Stocks 137,539 -
Debtors 6 4,342 46,273
Cash at bank and in hand 4,845 109,287
146,726 155,560
CREDITORS
Amounts falling due within one year 7 111,105 120,616
NET CURRENT ASSETS 35,621 34,944
TOTAL ASSETS LESS CURRENT
LIABILITIES

277,744

293,150

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 277,644 293,050
SHAREHOLDERS' FUNDS 277,744 293,150

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

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

MULTIHULL SOLUTIONS LIMITED (REGISTERED NUMBER: 05540449)

BALANCE SHEET - continued
31ST AUGUST 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 director and authorised for issue on 17th March 2025 and were signed by:





A Wood - Director


MULTIHULL SOLUTIONS LIMITED (REGISTERED NUMBER: 05540449)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024

1. STATUTORY INFORMATION

Multihull Solutions 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.

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

Goodwill
Goodwill is the amount paid in connection with the acquisition of the business in 2006.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1st September 2023
and 31st August 2024 60,000
NET BOOK VALUE
At 31st August 2024 60,000
At 31st August 2023 60,000

MULTIHULL SOLUTIONS LIMITED (REGISTERED NUMBER: 05540449)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£
COST
At 1st September 2023 306,918
Additions 176,474
Disposals (175,799 )
At 31st August 2024 307,593
DEPRECIATION
At 1st September 2023 108,712
Charge for year 60,708
Eliminated on disposal (43,950 )
At 31st August 2024 125,470
NET BOOK VALUE
At 31st August 2024 182,123
At 31st August 2023 198,206

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£ £
Trade debtors 1,267 6,458
Other debtors 3,075 39,815
4,342 46,273

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£ £
Trade creditors 12,952 6,157
Taxation and social security 211 778
Other creditors 97,942 113,681
111,105 120,616

MULTIHULL SOLUTIONS LIMITED (REGISTERED NUMBER: 05540449)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st August 2024 and 31st August 2023:

31.8.24 31.8.23
£ £
A Wood
Balance outstanding at start of year (23,681 ) 3,473
Amounts advanced 15,366 21,846
Amounts repaid - (49,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (8,315 ) (23,681 )

9. ULTIMATE CONTROLLING PARTY

The controlling party is A Wood.

MULTIHULL SOLUTIONS LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
MULTIHULL SOLUTIONS LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31st August 2024 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Goff and Company Chartered Accountants
89 Havant Road
Emsworth
Hampshire
PO10 7LF


17th March 2025