Multiply Accountants Ltd

Multiply Accountants Ltd

MULTIPLY ACCOUNTANTS LTD - Company Information

Print Friendly Version

1 January 2020 false No description of principal activity Taxfiler 2021.11 true 09958870business:PrivateLimitedCompanyLtd2020-01-012020-12-31 099588702019-12-31 099588702020-01-012020-12-31 09958870business:AuditExempt-NoAccountantsReport2020-01-012020-12-31 09958870business:FullAccounts2020-01-012020-12-31 099588702020-12-31 09958870business:Director12020-01-012020-12-31 09958870business:RegisteredOffice2020-01-012020-12-31 099588702019-12-31 09958870core:WithinOneYear2020-12-31 09958870core:WithinOneYear2019-12-31 09958870core:AfterOneYear2020-12-31 09958870core:AfterOneYear2019-12-31 09958870core:RetainedEarningsAccumulatedLosses2020-12-31 09958870core:RetainedEarningsAccumulatedLosses2019-12-31 09958870business:SmallEntities2020-01-012020-12-31 09958870countries:EnglandWales2020-01-012020-12-31 09958870core:FurnitureFittings2020-01-012020-12-31 09958870core:ComputerEquipment2020-01-012020-12-31 09958870core:ComputerEquipment2019-12-31 09958870core:ComputerEquipment2020-12-31 099588702019-01-012019-12-31 iso4217:GBP xbrli:pure
Company Registration No. 09958870 (England and Wales)
Multiply Accountants Ltd Unaudited accounts for the year ended 31 December 2020
Multiply Accountants Ltd Unaudited accounts Contents
Page
- 2 -
Multiply Accountants Ltd Company Information for the year ended 31 December 2020
Director
Amit Sagar
Company Number
09958870 (England and Wales)
Registered Office
KINGSBRIDGE HOUSE PINNER HA5 5LX UNITED KINGDOM
- 3 -
Multiply Accountants Ltd Statement of financial position as at 31 December 2020
2020 
2019 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
2,198 
2,138 
Current assets
Debtors
5
30,851 
84,624 
Cash at bank and in hand
382,343 
183,732 
413,194 
268,356 
Creditors: amounts falling due within one year
6
(51,204)
(38,321)
Net current assets
361,990 
230,035 
Total assets less current liabilities
364,188 
232,173 
Creditors: amounts falling due after more than one year
7
(50,000)
- 
Net assets
314,188 
232,173 
Capital and reserves
Profit and loss account
314,188 
232,173 
Shareholders' funds
314,188 
232,173 
For the year ending 31 December 2020 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 September 2021 and were signed on its behalf by
Amit Sagar Director Company Registration No. 09958870
- 4 -
Multiply Accountants Ltd Notes to the Accounts for the year ended 31 December 2020
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:
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.
Transactions with related parties
During the year Grange Park House Ltd, a company under common control is due £1,116 at the year end. Key management personnel include all the directors who together have authority and responsibility for planning, directing and controlling the activities of the group.
- 5 -
Multiply Accountants Ltd Notes to the Accounts for the year ended 31 December 2020
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2020
4,104 
Additions
825 
At 31 December 2020
4,929 
Depreciation
At 1 January 2020
1,966 
Charge for the year
765 
At 31 December 2020
2,731 
Net book value
At 31 December 2020
2,198 
At 31 December 2019
2,138 
5
Debtors: amounts falling due within one year
2020 
2019 
£ 
£ 
Trade debtors
7,306 
60,545 
Accrued income and prepayments
21,680 
21,242 
Other debtors
1,865 
2,837 
30,851 
84,624 
6
Creditors: amounts falling due within one year
2020 
2019 
£ 
£ 
Trade creditors
2,074 
708 
Taxes and social security
48,014 
36,497 
Other creditors
1,116 
1,116 
51,204 
38,321 
7
Creditors: amounts falling due after more than one year
2020 
2019 
£ 
£ 
Bank loans
50,000 
- 
8
Average number of employees
During the year the average number of employees was 2 (2019: 2).
- 6 -