MulTplx Ltd

	Page
Company Information	1
Abridged Balance Sheet	2—3
Notes to the Abridged Financial Statements	4—6

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MulTplx Ltd

Abridged Balance Sheet

As At 31 December 2024

Abridged Balance Sheet

Registered number: 06734155

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		-		1,327
Tangible Assets	5		14,401		17,904

			14,401		19,231
CURRENT ASSETS
Stocks		27,114		48,015
Debtors		3,255		48,183
Cash at bank and in hand		12,246		3,213

		42,615		99,411
Creditors: Amounts Falling Due Within One Year		(18,939 )		(31,812 )

NET CURRENT ASSETS (LIABILITIES)			23,676		67,599

TOTAL ASSETS LESS CURRENT LIABILITIES			38,077		86,830

Creditors: Amounts Falling Due After More Than One Year			(35,473 )		(39,022 )

NET ASSETS			2,604		47,808

CAPITAL AND RESERVES
Called up share capital	6		6,438		6,438
Share premium account			2,097,593		2,097,593
Profit and Loss Account			(2,101,427 )		(2,056,223 )

SHAREHOLDERS' FUNDS			2,604		47,808

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MulTplx Ltd

Abridged Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 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 directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 December 2024 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr J C Theobald Director	Mr A C Theobald Director
22 August 2025

The notes on pages 4 to 6 form part of these financial statements.

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MulTplx Ltd

Notes to the Abridged Financial Statements

For The Year Ended 31 December 2024

Notes to the Abridged Financial Statements

1. General Information

MulTplx Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06734155 . The registered office is 250a Kennington Lane, London, SE11 5RD.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairement losses. Any intangible assets carried at a revalued amount, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.

Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

2.4. Research and Development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight line basis over their expected useful economic lives, which range from 1 to 5 years.

If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.

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MulTplx Ltd

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 December 2024

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% Reducing balance
Fixtures & Fittings	25% Reducing balance

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.7. Foreign Currencies

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 rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2023: 1)

4. Intangible Assets

	Total
	£
Cost
As at 1 January 2024	393,791

As at 31 December 2024	393,791

Amortisation
As at 1 January 2024	392,464
Provided during the period	1,327

As at 31 December 2024	393,791

Net Book Value
As at 31 December 2024	-

As at 1 January 2024	1,327

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MulTplx Ltd

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 December 2024

5. Tangible Assets

	Total
	£
Cost
As at 1 January 2024	61,515
Additions	1,297

As at 31 December 2024	62,812

Depreciation
As at 1 January 2024	43,611
Provided during the period	4,800

As at 31 December 2024	48,411

Net Book Value
As at 31 December 2024	14,401

As at 1 January 2024	17,904

6. Share Capital

	2024	2023
	£	£
Called Up Share Capital not Paid	510	510
Called Up Share Capital has been paid up	5,928	5,928

Amount of Allotted, Called Up Share Capital	6,438	6,438

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Directors	Mr J C Theobald
	Mr A C Theobald

Company Number	06734155

Registered Office	250a Kennington Lane
	London
	SE11 5RD

Business	250a Kennington Lane
	London
	SE11 5RD

Accountants	Chrissie Accountancy Services
	Certified Public Accountants Association
	16 Morley Road
	Sutton
	Surrey
	SM3 9LN

Bankers	HSBC
	90 Eden Street
	Kingston Upon Thames
	Surrey
	KT1 1DJ