Multiflight Limited in Leeds, LS19 7UG

Description

Data updated on: 01-11-2023

Multiflight came into being in 1994 as a company enlisted under no 02956375, located at LS19 7UG Leeds at Southside Aviation Leeds. It has been in business for 30 years and its last known state is active. The firm's registered with SIC code 51102 and has the NACE code: Non-scheduled passenger air transport. The business most recent accounts cover the period up to 2022-11-30 and the most current annual confirmation statement was submitted on 2023-08-08.

Within the company, the majority of director's obligations up till now have been carried out by Miles B., Stephen B. and David H.. As for these three executives, David H. has managed company for the longest time, having become a part of company's Management Board 30 years ago.

David H. is the individual with significant control over this firm, owns over 3/4 of company shares.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2020-11-30	2021-11-30	2022-11-30
Currency

Balance Sheet
Cash Bank On Hand	80 288	816 592	978 918
Current Assets	6 121 622	4 230 979	5 010 717
Debtors	2 123 132	1 575 505	1 810 985
Net Assets Liabilities	11 178 298	11 372 881	12 455 041
Other Debtors	359 751	114 269	442 602
Property Plant Equipment	7 553 901	7 288 319	7 453 131
Total Inventories	3 918 202	1 838 882	2 220 814

Other Financial Data
Audit Fees Expenses	16 375	16 000	18 250
Accrued Liabilities Deferred Income	777 401	336 658	494 388
Accumulated Depreciation Impairment Property Plant Equipment	4 419 284	4 691 248	4 904 322
Additions Other Than Through Business Combinations Property Plant Equipment		102 561	558 049
Administrative Expenses	1 806 749	1 846 573	2 246 371
Amounts Owed To Group Undertakings	100	100
Average Number Employees During Period	66	61	70
Bank Borrowings	1 455 000
Bank Borrowings Overdrafts	1 512 127		23 001
Banking Arrangements Classified As Cash Cash Equivalents	-57 127		-23 001
Bank Overdrafts	57 127		23 001
Capital Commitments			259 000
Cash Cash Equivalents Cash Flow Value	23 161	816 592	955 917
Corporation Tax Payable			108 232
Corporation Tax Recoverable	112 923	64 216
Cost Sales	9 152 418	11 002 498	14 953 610
Creditors	4 956 290	2 413 827	2 823 253
Current Tax For Period	-110 236	47 858	108 232
Deferred Tax Expense Credit Relating To Changes In Tax Rates Or Laws	37 293	107 595	60 687
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences	-13 249	84 060	192 177
Depreciation Expense Property Plant Equipment	378 234	368 143	370 834
Depreciation Impairment Expense Property Plant Equipment	378 234	368 143	370 834
Fixed Assets	10 354 001	10 088 419	11 053 131
Further Item Cash Flow From Used In Financing Activities Component Net Cash Flows From Used In Financing Activities	-1 455 000	1 455 000
Further Item Tax Increase Decrease Component Adjusting Items	37 293	20 174	60 687
Future Minimum Lease Payments Under Non-cancellable Operating Leases	5 489 243	5 128 856	4 563 786
Gain Loss Due To Foreign Exchange Differences Recognised In Profit Or Loss	5 949	34 891	-53 419
Gain Loss From Fair Value Adjustment Investment Property Recognised In Profit Or Loss			800 000
Gain Loss From Sales Investment Properties Recognised In Profit Or Loss			800 000
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables		1 030 336	-278 293
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables		-498 920	299 696
Gain Loss In Cash Flows From Change In Inventories		-2 079 320	381 932
Gain Loss On Disposals Property Plant Equipment	120		-21 603
Government Grant Income	226 453	148 227
Gross Profit Loss	746 201	2 133 994	2 889 169
Impairment Loss Other Non-financial Assets		-400 000	-35 000
Impairment Loss Reversal On Investments			-800 000
Income Taxes Paid Refund Classified As Operating Activities		849	62 285
Increase Decrease From Fair Value Adjustment Investment Property Fair Value Model			800 000
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation		-793 431	-139 325
Increase Decrease In Current Tax From Adjustment For Prior Periods	-2 687		1 931
Increase From Depreciation Charge For Year Property Plant Equipment		368 143	370 834
Interest Expense On Bank Overdrafts Bank Loans Similar Borrowings	1 406	1 561	615
Interest Income On Bank Deposits	601	9	3 004
Interest Paid Classified As Operating Activities		-1 561	-615
Interest Payable Similar Charges Finance Costs	1 406	1 561	615
Interest Received Classified As Investing Activities	-601	-9	-3 004
Investment Property	2 800 000	2 800 000	3 600 000
Investment Property Fair Value Model	2 800 000	2 800 000	3 600 000
Investments Fixed Assets	100	100
Investments In Subsidiaries	100	100
Loss Gain From Write-downs Reversals Inventories	1 050 000	400 000	35 000
Net Cash Flows From Used In Operating Activities	1 069 892	-2 901 682
Net Cash Generated From Operations		-2 351 695	-631 900
Net Current Assets Liabilities	1 165 332	1 817 152	2 187 464
Net Finance Income Costs	601	9	3 004
Net Interest Paid Received Classified As Operating Activities	-1 406	-1 561
Operating Profit Loss	-834 095	435 648	642 798
Other Creditors	1 827 880	1 443 629	1 000 830
Other Deferred Tax Expense Credit	548
Other Disposals Decrease In Depreciation Impairment Property Plant Equipment		96 179	157 760
Other Disposals Property Plant Equipment		96 179	180 163
Other Interest Receivable Similar Income Finance Income	601	9	3 004
Other Operating Income Format1	226 453	148 227
Other Taxation Social Security Payable	62 794	66 227	75 797
Pension Other Post-employment Benefit Costs Other Pension Costs	83 741	79 689	89 024
Percentage Class Share Held In Subsidiary		100
Prepayments Accrued Income	622 699	357 653	392 682
Proceeds From Sales Property Plant Equipment	-120		-800
Profit Loss	-746 569	194 583	1 082 160
Profit Loss On Ordinary Activities Before Tax	-834 900	434 096	1 445 187
Property Plant Equipment Gross Cost	11 973 185	11 979 567	12 357 453
Purchase Property Plant Equipment	-78 162	-102 561	-558 049
Social Security Costs	245 644	259 669	299 062
Staff Costs Employee Benefits Expense	2 879 507	2 936 332	3 270 738
Taxation Including Deferred Taxation Balance Sheet Subtotal	341 035	532 690	785 554
Tax Expense Credit Applicable Tax Rate	-158 631	82 478	274 586
Tax Tax Credit On Profit Or Loss On Ordinary Activities	-88 331	239 513	363 027
Total Assets Less Current Liabilities	11 519 333	11 905 571	13 240 595
Total Borrowings	1 512 127		23 001
Total Current Tax Expense Credit	-112 923	47 858	110 163
Total Deferred Tax Expense Credit	24 592	191 655	252 864
Total Operating Lease Payments		332 580	332 598
Trade Creditors Trade Payables	775 988	567 213	1 121 005
Trade Debtors Trade Receivables	1 027 759	1 039 367	975 701
Turnover Revenue	9 898 619	13 136 492	17 842 779
Wages Salaries	2 550 122	2 596 973	2 882 652
Company Contributions To Defined Benefit Plans Directors	36 102	37 464	37 464
Director Remuneration	247 505	324 450	294 981
Director Remuneration Benefits Including Payments To Third Parties	283 607	361 914	332 445