Abbreviated Company Accounts - MULTISURE LIMITED

Abbreviated Company Accounts - MULTISURE LIMITED

MULTISURE LIMITED - Company Information

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Registered Number 05081566

MULTISURE LIMITED

Abbreviated Accounts

31 March 2016

MULTISURE LIMITED Registered Number 05081566

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Intangible assets 2 - -
Tangible assets 3 2,766 3,369
2,766 3,369
Current assets
Stocks 30,205 32,459
Debtors 48,348 35,202
Cash at bank and in hand 3,790 5,385
82,343 73,046
Creditors: amounts falling due within one year (57,401) (53,056)
Net current assets (liabilities) 24,942 19,990
Total assets less current liabilities 27,708 23,359
Total net assets (liabilities) 27,708 23,359
Capital and reserves
Called up share capital 4 2 2
Profit and loss account 27,706 23,357
Shareholders' funds 27,708 23,359
  • For the year ending 31 March 2016 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 31 December 2016

And signed on their behalf by:
S D F Thrower, Director

MULTISURE LIMITED Registered Number 05081566

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents Goods delivered and Services provided during the period, excluding Value Added Tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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

Intangible assets amortisation policy
Goodwill, purchased in 2005, was written off over 5 years on a straight line basis and is now fully Amortised.

Other accounting policies
Stocks

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

2Intangible fixed assets
£
Cost
At 1 April 2015 32,000
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2016 32,000
Amortisation
At 1 April 2015 32,000
Charge for the year -
On disposals -
At 31 March 2016 32,000
Net book values
At 31 March 2016 0
At 31 March 2015 0
3Tangible fixed assets
£
Cost
At 1 April 2015 11,961
Additions 319
Disposals -
Revaluations -
Transfers -
At 31 March 2016 12,280
Depreciation
At 1 April 2015 8,592
Charge for the year 922
On disposals -
At 31 March 2016 9,514
Net book values
At 31 March 2016 2,766
At 31 March 2015 3,369
4Called Up Share Capital
Allotted, called up and fully paid:
2016
£		 2015
£
2 Ordinary shares of £1 each 2 2

5Transactions with directors

Name of director receiving advance or credit: S D F and Mrs J C Thrower
Description of the transaction: Overdrawn Directors' Current Account
Balance at 1 April 2015: £ 17,577
Advances or credits made: £ 45,661
Advances or credits repaid: £ 33,526
Balance at 31 March 2016: £ 29,712

Net Loan after offset Directors' long term funding loan of £18,000 is £11,712.

Overdrawn net balance cleared by payment of dividend of £12,000 on 6th April 2016.