Multidmedia Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04644581

MULTIDMEDIA LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 March 2025

MULTIDMEDIA LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2025

	2025		2024
Note	£	£	£	£

FIXED ASSETS

Intangible assets	5	77,047	72,567
Tangible assets	6	25,860	27,360
		---------	--------
		102,907	99,927

CURRENT ASSETS

Debtors	7	17,680	–
Cash at bank and in hand		385,644	408,225
		---------	---------
		403,324	408,225

CREDITORS: amounts falling due within one year	8	56,161		48,704
		---------		---------
NET CURRENT ASSETS			347,163		359,521
			---------		---------
TOTAL ASSETS LESS CURRENT LIABILITIES			450,070		459,448

PROVISIONS

Taxation including deferred tax	14,315	13,525
	---------	---------
NET ASSETS	435,755	445,923
	---------	---------

CAPITAL AND RESERVES

Called up share capital	9	1	1
Revaluation reserve		20,698	17,406
Profit and loss account		415,056	428,516
		---------	---------
SHAREHOLDERS FUNDS		435,755	445,923
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

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.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

MULTIDMEDIA LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 5 November 2025 , and are signed on behalf of the board by:

Mr J Sohal
Director

Company registration number: 04644581

MULTIDMEDIA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

Year ended 31 March 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Muras Baker Jones Ltd, Third Floor Regent House, Bath Avenue, Wolverhampton, WV1 4EG.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Revenue recognition

Software development sales represent the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Intangible assets

Intangible assets are valued using the revaluation model and are recorded at the fair value at the date of revaluation, as determined by reference to an active market.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Furniture and fixtures	-	25% reducing balance
Motor vehicles	-	15% reducing balance
Office equipment	-	33% straight line

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).

5. INTANGIBLE ASSETS

	Cryptocurrency
	£
Cost
At 1 April 2024	72,567
Additions	–
Revaluations	4,480
	--------
At 31 March 2025	77,047
	--------
Amortisation
At 1 April 2024 and 31 March 2025	–
	--------
Carrying amount
At 31 March 2025	77,047
	--------
At 31 March 2024	72,567
	--------

Intangible assets held at valuation

The revaluation of the above assets has resulted in a credit to the profit and loss account of £4,480 (2024: £42,019). Since the year end there has been no material change to the value of intangible assets.

6. TANGIBLE ASSETS

	Fixtures and fittings	Motor vehicles	Office equipment	Total
	£	£	£	£
Cost
At 1 April 2024	–	43,490	3,765	47,255
Additions	630	–	3,839	4,469
	----	--------	-------	--------
At 31 March 2025	630	43,490	7,604	51,724
	----	--------	-------	--------
Depreciation
At 1 April 2024	–	16,782	3,113	19,895
Charge for the year	158	4,006	1,805	5,969
	----	--------	-------	--------
At 31 March 2025	158	20,788	4,918	25,864
	----	--------	-------	--------
Carrying amount
At 31 March 2025	472	22,702	2,686	25,860
	----	--------	-------	--------
At 31 March 2024	–	26,708	652	27,360
	----	--------	-------	--------

7. DEBTORS

	2025	2024
	£	£
Trade debtors	17,680	–
	--------	----

8. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	5,449	378
Corporation tax	4,150	6,252
Social security and other taxes	12,207	120
Other creditors	34,355	41,954
	--------	--------
	56,161	48,704
	--------	--------

9. CALLED UP SHARE CAPITAL

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	1	1	1	1
	----	----	----	----