Multi-Stroke Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00893454 (England and Wales)

MULTI-STROKE LIMITED

Unaudited Financial Statements for the Year Ended 31 July 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I D Wright

P A Gwilliam

N Wright

REGISTERED OFFICE:

Locarno Works

Locarno Road

Tipton

West Midlands,

DY4 9AF

REGISTERED NUMBER:

00893454 (England and Wales)

ACCOUNTANTS:

Michael Dufty Partnership Limited

59-61 Charlotte Street

St Pauls Square

Birmingham

West Midlands

B3 1PX

FIXED ASSETS

Intangible assets

4

85

1,109

Tangible assets

5

290,625

265,096

290,710

266,205

CURRENT ASSETS

Stocks

225,699

201,345

Debtors

6

997,053

1,139,513

Cash at bank and in hand

616,003

498,456

1,838,755

1,839,314

CREDITORS

Amounts falling due within one year

7

648,310

811,056

NET CURRENT ASSETS

1,190,445

1,028,258

TOTAL ASSETS LESS CURRENT LIABILITIES

1,481,155

1,294,463

PROVISIONS FOR LIABILITIES

40,509

33,492

NET ASSETS

1,440,646

1,260,971

CAPITAL AND RESERVES

Called up share capital

3,850

3,850

Retained earnings

1,436,796

1,257,121

SHAREHOLDERS' FUNDS

1,440,646

1,260,971

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 27 February 2019 and were signed on its behalf by:

I D Wright - Director

1.	STATUTORY INFORMATION

Multi-Stroke Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Intangible assets

Expenditure on website design and development is written off over 5 years on a straight line basis.

Tangible fixed assets

Depreciation is calculated to write off the cost of fixed assets over their expected lives on a straight line basis.

The principal annual rates used for this purpose which are consistent with those of the previous year as follows ;

Freehold land - not provided.

Short leasehold land and buildings- over the terms of the leases.

Plant & equipment - 10-15%

Motor Vehicles - 25%

Computers - 20%

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 51 (2017 - 53 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 August 2017

and 31 July 2018

5,117

AMORTISATION

At 1 August 2017

4,008

Charge for year

1,024

At 31 July 2018

5,032

NET BOOK VALUE

At 31 July 2018

85

At 31 July 2017

1,109

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 August 2017

42,096

980,507

43,040

25,990

1,091,633

Additions

-

71,999

765

-

72,764

At 31 July 2018

42,096

1,052,506

43,805

25,990

1,164,397

DEPRECIATION

At 1 August 2017

-

787,906

33,433

5,198

826,537

Charge for year

-

38,817

3,220

5,198

47,235

At 31 July 2018

-

826,723

36,653

10,396

873,772

NET BOOK VALUE

At 31 July 2018

42,096

225,783

7,152

15,594

290,625

At 31 July 2017

42,096

192,601

9,607

20,792

265,096

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

949,037

1,105,534

Invoice discounting debtor

6,700

2,719

Prepayments

41,316

31,260

997,053

1,139,513

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

356,352

506,987

Tax

86,456

148,259

Social security and other taxes

74,447

71,585

Other creditors

68,099

61,960

Accrued expenses

62,956

22,265

648,310

811,056

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr and Mrs Wright due to their majority shareholding in Multi-add Limited, the

ultimate parent company.