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Registered number: 13980136
Multi Sensory Technology Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 March 2025
Valentis (UK) Ltd
ACCA
6-8 Great Eastern Street
London
EC2A 3NT
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13980136
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 44,558 43,409
Tangible Assets 5 854 750
45,412 44,159
CURRENT ASSETS
Debtors 6 6,842 481
Cash at bank and in hand 18,330 6,888
25,172 7,369
Creditors: Amounts Falling Due Within One Year 7 - (309 )
NET CURRENT ASSETS (LIABILITIES) 25,172 7,060
TOTAL ASSETS LESS CURRENT LIABILITIES 70,584 51,219
Creditors: Amounts Falling Due After More Than One Year 8 (59,423 ) (59,436 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,335 ) (3,335 )
NET ASSETS/(LIABILITIES) 7,826 (11,552 )
CAPITAL AND RESERVES
Called up share capital 9 1 1
Share premium account 95,000 55,000
Profit and Loss Account (87,175 ) (66,553 )
SHAREHOLDERS' FUNDS 7,826 (11,552)
Page 1
Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
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.
On behalf of the board
Mr Fadel Takrouri
Director
24/12/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Multi Sensory Technology Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13980136 . The registered office is 6-8 Great Eastern Street, London, United Kingdom, EC2A 3NT.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Website/Web application development costs are initially recognised at cost and are subsequently measured at cost less accumulated amortisation and any accumulated impairment losses. 
Amortisation will commence when the asset is in use and will be calculated on a straight-line basis over its estimated useful life of 10 years. 
2.3. 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 5 to 10 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.
2.4. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property registration fees are initially recognised at cost and are subsequently measured at cost less accumulated amortisation and any accumulated impairment losses. 
Amortisation will commence when the asset is in use and will be calculated on a straight-line basis over its estimated useful life of 10 years.
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 Reducing Balance - 20%
Computer Equipment Reducing Balance - 20%
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
...CONTINUED
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2.6. Taxation - continued
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Intangible Assets
Website/App Development Costs Product Development Costs Intellectual Property Total
£ £ £ £
Cost
As at 1 April 2024 16,310 30,316 1,740 48,366
Additions - 6,480 170 6,650
As at 31 March 2025 16,310 36,796 1,910 55,016
Amortisation
As at 1 April 2024 1,631 3,032 294 4,957
Provided during the period 1,631 3,679 191 5,501
As at 31 March 2025 3,262 6,711 485 10,458
Net Book Value
As at 31 March 2025 13,048 30,085 1,425 44,558
As at 1 April 2024 14,679 27,284 1,446 43,409
5. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 April 2024 959 170 1,129
Additions - 318 318
As at 31 March 2025 959 488 1,447
Depreciation
As at 1 April 2024 345 34 379
Provided during the period 123 91 214
As at 31 March 2025 468 125 593
Net Book Value
As at 31 March 2025 491 363 854
As at 1 April 2024 614 136 750
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6. Debtors
2025 2024
£ £
Due within one year
Corporation tax recoverable assets 6,707 -
VAT 135 481
6,842 481
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors - 309
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Directors loan account 59,423 59,436
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
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