Multi-Wing UK Limited - Abbreviated accounts 16.1

Multi-Wing UK Limited - Abbreviated accounts 16.1

MULTI-WING UK LIMITED - Company Information

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REGISTERED NUMBER: 01494769 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2015

FOR

MULTI-WING UK LIMITED

MULTI-WING UK LIMITED (REGISTERED NUMBER: 01494769)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Report of the Accountants 7

MULTI-WING UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2015







DIRECTORS: S A Hoggar
Mrs D E Hoggar





SECRETARY: D F Cotterill





REGISTERED OFFICE: Unit 15
Dukes Close
Earls Way Industrial Estate
Thurmaston
Leicester
LE4 8EY





REGISTERED NUMBER: 01494769 (England and Wales)





ACCOUNTANTS: Cunnington & Co Limited
Edward House
Grange Business Park
Whetstone
Leicester
LE8 6EP
1
MULTI-WING UK LIMITED (REGISTERED NUMBER: 01494769)

ABBREVIATED BALANCE SHEET
30 SEPTEMBER 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 61,753 79,592

CURRENT ASSETS
Stocks 194,945 200,439
Debtors 408,220 592,951
Cash at bank 225,733 146,642
828,898 940,032
CREDITORS
Amounts falling due within one year 3 426,109 432,799
NET CURRENT ASSETS 402,789 507,233
TOTAL ASSETS LESS CURRENT
LIABILITIES
464,542
586,825

CREDITORS
Amounts falling due after more than one year 3 (1,389 ) (23,850 )

PROVISIONS FOR LIABILITIES (4,290 ) (7,001 )
NET ASSETS 458,863 555,974

The notes form part of these abbreviated accounts

2
MULTI-WING UK LIMITED (REGISTERED NUMBER: 01494769)

ABBREVIATED BALANCE SHEET - continued
30 SEPTEMBER 2015

2015 2014
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 4 17,632 17,632
Capital redemption reserve 8,250 8,250
Profit and loss account 432,981 530,092
SHAREHOLDERS' FUNDS 458,863 555,974

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 27 November 2015 and were signed on its behalf
by:





S A Hoggar - Director


The notes form part of these abbreviated accounts

3
MULTI-WING UK LIMITED (REGISTERED NUMBER: 01494769)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2015

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover
Turnover represents the value, excluding value added tax of goods and services supplied to customers during the
year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property - 25% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 33% on reducing balance
Computer equipment - 33% on cost

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

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

Foreign currencies
Transactions denominated in foreign currencies are translated at the exchange rate prevailing at the date of
payment. Consequently gains or losses on exchange are incorporated into the trading account.

Balance sheet items denominated in foreign currencies are translated at an exchange rate prevailing at the year
end.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases
are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The
capital element of the future payments is treated as a liability.

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 the profit and loss account in the period to which they relate.

4
MULTI-WING UK LIMITED (REGISTERED NUMBER: 01494769)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2015

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2014 521,085
Additions 4,027
Transfer to ownership (1 )
At 30 September 2015 525,111
DEPRECIATION
At 1 October 2014 441,493
Charge for year 21,865
At 30 September 2015 463,358
NET BOOK VALUE
At 30 September 2015 61,753
At 30 September 2014 79,592

3. CREDITORS

Creditors include an amount of £ 23,850 (2014 - £ 45,211 ) for which security has been given.

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
16,750 Ordinary 1 16,750 16,750
882 Ordinary A 1 882 882
17,632 17,632

5. ULTIMATE PARENT COMPANY

All of the voting shares of the company are owned by Fral Products Limited and as such, Multi-Wing UK Limited is
a wholly owned subsidiary.

5
MULTI-WING UK LIMITED (REGISTERED NUMBER: 01494769)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2015

6. RELATED PARTY DISCLOSURES

Included in other creditors is a balance of £123 owed to Fral Products Limited.

The loan is interest free and repayable on demand.

Rent was also paid to Fral Products Limited during the year.

All transactions were at arms length.

6
MULTI-WING UK LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
MULTI-WING UK LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's
annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages
two to six) have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 30 September 2015 set out on pages three to eleven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Cunnington & Co Limited
Edward House
Grange Business Park
Whetstone
Leicester
LE8 6EP


27 November 2015

This page does not form part of the abbreviated accounts

7