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Company Registration No. 09958870 (England and Wales)
Multiply Accountants Ltd Unaudited accounts for the year ended 31 December 2024
Multiply Accountants Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Multiply Accountants Ltd Company Information for the year ended 31 December 2024
Director
Amit Sagar
Company Number
09958870 (England and Wales)
Registered Office
KINGSBRIDGE HOUSE PINNER HA5 5LX UNITED KINGDOM
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Multiply Accountants Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
13,984 
26,022 
Current assets
Debtors
5
321,331 
119,246 
Cash at bank and in hand
327,296 
518,534 
648,627 
637,780 
Creditors: amounts falling due within one year
6
(47,572)
(62,851)
Net current assets
601,055 
574,929 
Total assets less current liabilities
615,039 
600,951 
Creditors: amounts falling due after more than one year
7
(9,969)
(14,872)
Net assets
605,070 
586,079 
Capital and reserves
Profit and loss account
605,070 
586,079 
Shareholders' funds
605,070 
586,079 
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 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 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 and authorised for issue on 30 December 2025 and were signed on its behalf by
Amit Sagar Director Company Registration No. 09958870
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Multiply Accountants Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Multiply Accountants Ltd is a private company, limited by shares, registered in England and Wales, registration number 09958870. The registered office is KINGSBRIDGE HOUSE, PINNER, HA5 5LX, UNITED KINGDOM.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
25%
Fixtures & fittings
25%
Computer equipment
25%
Turnover
Turnover represents the net invoiced value of fees and expenses, excluding valued added tax.
Going concern
The directors have considered the appropriateness of preparing the financial statements on the going concern basis. Shareholder support has been forthcoming and the directors also consider that there would be no material difference were the accounts to be prepared on any other basis.
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Multiply Accountants Ltd Notes to the Accounts for the year ended 31 December 2024
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2024
44,539 
7,354 
51,893 
At 31 December 2024
44,539 
7,354 
51,893 
Depreciation
At 1 January 2024
19,764 
6,107 
25,871 
Charge for the year
11,321 
717 
12,038 
At 31 December 2024
31,085 
6,824 
37,909 
Net book value
At 31 December 2024
13,454 
530 
13,984 
At 31 December 2023
24,775 
1,247 
26,022 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
13,435 
34,089 
Accrued income and prepayments
1,399 
99 
Other debtors
164,374 
8,174 
179,208 
42,362 
Amounts falling due after more than one year
Other debtors
142,123 
76,884 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
5,000 
10,127 
Trade creditors
1,950 
1,312 
Taxes and social security
32,752 
38,357 
Other creditors
1,120 
442 
Loans from directors
- 
813 
Accruals
6,750 
11,800 
47,572 
62,851 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
9,969 
14,872 
8
Loans to directors
During the year, the company made advances to a director. The loan remaining as at 31 Dec 2024 of £156,899 (2023: nil) was unsecured, interest-bearing, and repayable on demand. The director’s loan balance is expected to be repaid within one year.
- 6 -
Multiply Accountants Ltd Notes to the Accounts for the year ended 31 December 2024
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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