Company Registration No. NI045506 (Northern Ireland)
Multi-Health Systems UK Ltd.
Unaudited accounts
for the year ended 31 December 2024
Multi-Health Systems UK Ltd.
Unaudited accounts
Contents
Multi-Health Systems UK Ltd.
Company Information
for the year ended 31 December 2024
Directors
Steven Joel Stein
Rodeen Stein
Company Number
NI045506 (Northern Ireland)
Registered Office
32-38 1st Floor
Linenhall Street
Belfast
BT2 8BG
Northern Ireland
Accountants
CMC Tax Ltd
4 Hilltop Lane
Manse Road
Belfast
BT8 8FE
Multi-Health Systems UK Ltd.
Statement of financial position
as at 31 December 2024
Tangible assets
84,492
68,480
Cash at bank and in hand
155,034
223,353
Creditors: amounts falling due within one year
(504,962)
(437,330)
Net current (liabilities)/assets
(82,038)
418,136
Total assets less current liabilities
2,454
486,616
Provisions for liabilities
Deferred tax
(16,298)
(17,120)
Net (liabilities)/assets
(13,844)
469,496
Called up share capital
185,300
185,300
Profit and loss account
(199,144)
284,196
Shareholders' funds
(13,844)
469,496
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 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 of Directors and authorised for issue on 23 September 2025 and were signed on its behalf by
Steven Joel Stein
Director
Company Registration No. NI045506
Multi-Health Systems UK Ltd.
Notes to the Accounts
for the year ended 31 December 2024
Multi-Health Systems UK Ltd. is a private company, limited by shares, registered in Northern Ireland, registration number NI045506. The registered office is 32-38 1st Floor, Linenhall Street, Belfast, BT2 8BG, Northern Ireland.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Motor vehicles
20% Straight Line
Computer equipment
33% Straight Line
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.
Expenditure on research and development is written off in the year in which it is incurred.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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.
Multi-Health Systems UK Ltd.
Notes to the Accounts
for the year ended 31 December 2024
The accounts have been prepared on the going concern basis. There is a net deficiency of assets at the balance sheet date however the parent company have confirmed continued support if required to ensure sufficient working capital for the foreseeable future.
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2024
14,052
26,107
109,058
149,217
Additions
19,300
-
29,541
48,841
At 31 December 2024
33,352
26,107
138,599
198,058
At 1 January 2024
14,052
26,107
40,578
80,737
Charge for the year
-
-
32,829
32,829
At 31 December 2024
14,052
26,107
73,407
113,566
At 31 December 2024
19,300
-
65,192
84,492
At 31 December 2023
-
-
68,480
68,480
Amounts falling due within one year
Trade debtors
46,564
478,181
Accrued income and prepayments
220,922
153,932
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
180,201
289,903
Amounts owed to group undertakings and other participating interests
328,717
189,940
Taxes and social security
(37,454)
(34,416)
Multi-Health Systems UK Ltd.
Notes to the Accounts
for the year ended 31 December 2024
7
Deferred taxation
2024
2023
Accelerated capital allowances
16,298
17,120
Provision at start of year
17,120
8,362
(Credited)/charged to the profit and loss account
(822)
8,758
Provision at end of year
16,298
17,120
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Average number of employees
During the year the average number of employees was 20 (2023: 20).