|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements for the Year Ended 31 March 2016 |
|
for |
|
Multimedix Limited |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements for the Year Ended 31 March 2016 |
|
for |
|
Multimedix Limited |
Multimedix Limited (Registered number: 08572788) |
|
|
|
|
|
|
Contents of the Financial Statements |
for the Year Ended 31 March 2016 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 4 |
|
Multimedix Limited |
|
Company Information |
for the Year Ended 31 March 2016 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Bridge House |
2 Bridge Avenue |
Maidenhead |
Berkshire |
SL6 1RR |
Multimedix Limited (Registered number: 08572788) |
|
Balance Sheet |
31 March 2016 |
|
31.3.16 | 31.3.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
|
|
|
CURRENT ASSETS |
Stocks |
|
|
Debtors | 3 |
|
|
Cash at bank and in hand |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 4 |
|
|
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
) |
( |
) |
|
CREDITORS |
Amounts falling due after more than one
year |
5 |
( |
) |
( |
) |
|
PROVISIONS FOR LIABILITIES | 6 | ( |
) | ( |
) |
NET LIABILITIES | ( |
) | ( |
) |
|
CAPITAL AND RESERVES |
Called up share capital | 7 |
|
|
Retained earnings | 8 | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
|
|
|
|
|
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. |
Multimedix Limited (Registered number: 08572788) |
|
Balance Sheet - continued |
31 March 2016 |
|
|
|
|
|
The financial statements were approved by the Board of Directors on
behalf by: |
|
|
|
|
|
|
|
Multimedix Limited (Registered number: 08572788) |
|
Notes to the Financial Statements |
for the Year Ended 31 March 2016 |
|
1. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
Financial reporting standard 102 - reduced disclosure exemptions |
The company has taken advantage of the following disclosure exemption in preparing these financial |
statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and |
Republic of Ireland": |
|
• | the requirements of Section 7 Statement of Cash Flows. |
|
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding |
discounts, rebates, value added tax and other sales taxes. |
|
Tangible fixed assets |
|
Plant and machinery etc | - | 20% 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. |
Multimedix Limited (Registered number: 08572788) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2016 |
|
2. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and | Computer |
machinery | fittings | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 April 2015 |
|
|
|
|
Additions |
|
|
|
|
At 31 March 2016 |
|
|
|
|
DEPRECIATION |
At 1 April 2015 |
|
|
|
|
Charge for year |
|
|
|
|
At 31 March 2016 |
|
|
|
|
NET BOOK VALUE |
At 31 March 2016 |
|
|
|
|
At 31 March 2015 |
|
|
|
|
|
3. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.16 | 31.3.15 |
£ | £ |
Trade debtors |
|
|
Other debtors |
|
|
Elemtex Intercompany loan | - | 4,080 |
Social security | - | 556 |
VAT |
|
|
|
|
|
4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.16 | 31.3.15 |
£ | £ |
Trade creditors |
|
|
Social security and other taxes |
|
|
VAT | 6,692 | - |
Multimedix Holdings Limited |
intercompany loan | 280,000 | 225,000 |
Directors' current accounts | - | 96,000 |
Accrued expenses |
|
|
|
|
Multimedix Limited (Registered number: 08572788) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2016 |
|
5. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR |
31.3.16 | 31.3.15 |
£ | £ |
Investor loans | 7,400 | 7,400 |
|
6. | PROVISIONS FOR LIABILITIES |
31.3.16 | 31.3.15 |
£ | £ |
Deferred tax | 19,485 | 15,317 |
|
Deferred |
tax |
£ |
Balance at 1 April 2015 |
|
Balance at 31 March 2016 |
|
|
7. | CALLED UP SHARE CAPITAL |
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.3.16 | 31.3.15 |
value: | £ | £ |
|
Ordinary | £1 | 100 | 100 |
|
8. | RESERVES |
Retained |
earnings |
£ |
|
At 1 April 2015 | ( |
) |
Deficit for the year | ( |
) |
At 31 March 2016 | ( |
) |
|
Multimedix Limited (Registered number: 08572788) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2016 |
|
9. | RELATED PARTY DISCLOSURES |
|
S C Hodgson |
The director |
|
|
During the year the company repaid the director £96,000 |
|
31.3.16 | 31.3.15 |
£ | £ |
Amount due to related party at the balance sheet date | - | 96,000 |
|
Multimedix Holdings Limited |
|
A company under the control of Mr S. Hodgson |
|
|
During the year Multimedix Holdings Limited lent the company a further £55,000 (2015:£225,000) |
|
31.3.16 | 31.3.15 |
£ | £ |
Amount due to related party at the balance sheet date | 280,000 | 225,000 |
|
Elemtex |
|
A fellow subsidiary of Multimedix Holdings Limited |
|
|
31.3.16 | 31.3.15 |
£ | £ |
Amount due from related party at the balance sheet date | - | 4,080 |
|
10. | ULTIMATE CONTROLLING PARTY |
|
The ultimate controlling party is
|
|