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Multithread Consultants Limited
Unaudited Financial Statements
For The Year Ended 30 June 2026
The Laurel Partnership Ltd
16 Broad Street
Eye
Suffolk
IP23 7AF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 02274702
2026 2025
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,228,253 -
Tangible Assets 5 37,830 33,730
Investments 6 - 1,555,578
1,266,083 1,589,308
CURRENT ASSETS
Stocks 7 1,660,049 990,105
Debtors 8 606,762 574,693
Cash at bank and in hand 155,559 83,472
2,422,370 1,648,270
Creditors: Amounts Falling Due Within One Year 9 (1,594,879 ) (999,258 )
NET CURRENT ASSETS (LIABILITIES) 827,491 649,012
TOTAL ASSETS LESS CURRENT LIABILITIES 2,093,574 2,238,320
PROVISIONS FOR LIABILITIES
Deferred Taxation (10,211 ) (8,432 )
NET ASSETS 2,083,363 2,229,888
CAPITAL AND RESERVES
Called up share capital 10 185 185
Other reserves (198,105 ) -
Profit and Loss Account 2,281,283 2,229,703
SHAREHOLDERS' FUNDS 2,083,363 2,229,888
Page 1
Page 2
For the year ending 30 June 2026 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.
On behalf of the board
Mr Jack Kinnersley
Director
02/11/2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Multithread Consultants Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02274702 . The registered office is 8 Williamsport Way, Lion Barn Estate, Needham Market, Suffolk, IP6 8RW.
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of 10 years.
2.4. 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:
Leasehold 10% straight line
Fixtures & Fittings 25% reducing balance
Computer Equipment 20% reducing balance
2.5. Stocks and Work in Progress
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell.  Cost includes all costs of purchases, costs of conversion and other costs incurred in bringing the stock to its present locaton and condition.
2.6. 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.
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2.7. 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 treatment of certain items for accounts purposes and their treatment for tax purposes.  Tax deferred or accelerated is accounted for in respect of all material timing differences using tax rates that are expeced to apply in the periods in which the timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2025: 13)
13 13
4. Intangible Assets
Goodwill
£
Cost
As at 1 July 2025 -
Additions 1,386,737
As at 30 June 2026 1,386,737
Amortisation
As at 1 July 2025 -
Provided during the period 158,484
As at 30 June 2026 158,484
Net Book Value
As at 30 June 2026 1,228,253
As at 1 July 2025 -
Page 4
Page 5
5. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 July 2025 37,476 97,005 75,791 210,272
Additions - 6,180 7,642 13,822
As at 30 June 2026 37,476 103,185 83,433 224,094
Depreciation
As at 1 July 2025 25,711 81,186 69,645 176,542
Provided during the period 1,175 5,096 3,451 9,722
As at 30 June 2026 26,886 86,282 73,096 186,264
Net Book Value
As at 30 June 2026 10,590 16,903 10,337 37,830
As at 1 July 2025 11,765 15,819 6,146 33,730
6. Investments
Subsidiaries
£
Cost or Valuation
As at 1 July 2025 1,555,578
Additions 29,264
Disposals (1,584,842 )
As at 30 June 2026 -
Provision
As at 1 July 2025 -
As at 30 June 2026 -
Net Book Value
As at 30 June 2026 -
As at 1 July 2025 1,555,578
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7. Stocks
2026 2025
£ £
Stock 1,660,049 990,105
8. Debtors
2026 2025
£ £
Due within one year
Trade debtors 560,176 524,614
Other debtors 46,586 50,079
606,762 574,693
9. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 725,928 361,085
Bank loans and overdrafts 7,420 191
Other creditors 478,015 374,945
Taxation and social security 383,516 263,037
1,594,879 999,258
10. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 185 185
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