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REGISTERED NUMBER: 07087183 (England and Wales)















MULTI AXLE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 NOVEMBER 2024






MULTI AXLE LIMITED (REGISTERED NUMBER: 07087183)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MULTI AXLE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: D K Teasdale
T Teasdale





REGISTERED OFFICE: Sidings House
Sidings Court
Lakeside
Doncaster
South Yorkshire
DN4 5NU





REGISTERED NUMBER: 07087183 (England and Wales)






MULTI AXLE LIMITED (REGISTERED NUMBER: 07087183)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 353,355 216,863
353,355 216,863

CURRENT ASSETS
Stocks - 1,050
Debtors 6 60,184 87,066
Cash at bank 33,140 541
93,324 88,657
CREDITORS
Amounts falling due within one year 7 121,238 83,880
NET CURRENT (LIABILITIES)/ASSETS (27,914 ) 4,777
TOTAL ASSETS LESS CURRENT
LIABILITIES

325,441

221,640

CREDITORS
Amounts falling due after more than one
year

8

(225,749

)

(132,511

)

PROVISIONS FOR LIABILITIES (66,357 ) (54,216 )
NET ASSETS 33,335 34,913

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 33,333 34,911
SHAREHOLDERS' FUNDS 33,335 34,913

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 AXLE LIMITED (REGISTERED NUMBER: 07087183)

BALANCE SHEET - continued
30 NOVEMBER 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 29 May 2025 and were signed on its behalf by:




T Teasdale - Director



D K Teasdale - Director


MULTI AXLE LIMITED (REGISTERED NUMBER: 07087183)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024


1. STATUTORY INFORMATION

Multi Axle 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, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 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.

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.

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.

MULTI AXLE LIMITED (REGISTERED NUMBER: 07087183)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


2. ACCOUNTING POLICIES - continued

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.

Going concern
At the balance sheet date the company had net current liabilities of £27,914. With the continued support of the directors the financial statements have been prepared on the going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2023
and 30 November 2024 40,000
AMORTISATION
At 1 December 2023
and 30 November 2024 40,000
NET BOOK VALUE
At 30 November 2024 -
At 30 November 2023 -

MULTI AXLE LIMITED (REGISTERED NUMBER: 07087183)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2023 367,763
Additions 215,500
Disposals (1,593 )
At 30 November 2024 581,670
DEPRECIATION
At 1 December 2023 150,900
Charge for year 79,008
Eliminated on disposal (1,593 )
At 30 November 2024 228,315
NET BOOK VALUE
At 30 November 2024 353,355
At 30 November 2023 216,863

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

Plant and
machinery
etc
£   
COST
At 1 December 2023 290,699
Additions 215,500
Transfer to ownership (79,200 )
At 30 November 2024 426,999
DEPRECIATION
At 1 December 2023 82,182
Charge for year 77,275
Transfer to ownership (59,821 )
At 30 November 2024 99,636
NET BOOK VALUE
At 30 November 2024 327,363
At 30 November 2023 208,517

MULTI AXLE LIMITED (REGISTERED NUMBER: 07087183)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 55,623 72,997
Other debtors 4,561 14,069
60,184 87,066

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 64,391 32,124
Trade creditors 7,216 14,835
Taxation and social security 24,532 23,685
Other creditors 15,099 3,236
121,238 83,880

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 7,500 17,500
Hire purchase contracts 218,249 115,011
225,749 132,511

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 282,640 147,135

10. ULTIMATE CONTROLLING PARTY

The company is under the control of its directors, by virtue of their 100% shareholding.