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REGISTERED NUMBER: SC230937 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2022

for

Ultra Catering Ltd

Ultra Catering Ltd (Registered number: SC230937)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 9

Ultra Catering Ltd

Company Information
for the Year Ended 31 March 2022







DIRECTORS: A S Khaira
D S Khaira





REGISTERED OFFICE: 61 Burlington Avenue
GLASGOW
G12 0LJ





REGISTERED NUMBER: SC230937 (Scotland)





ACCOUNTANTS: Atholl Scott
Victoria House
13 Victoria Street
ABERDEEN
AB10 1XB

Ultra Catering Ltd (Registered number: SC230937)

Balance Sheet
31 March 2022

31.3.22 31.3.21
Notes £    £   
FIXED ASSETS
Intangible assets 4 4,746 5,696
Tangible assets 5 153,859 173,089
158,605 178,785

CURRENT ASSETS
Stocks 22,667 25,100
Debtors 6 33,029 82,056
Cash at bank and in hand 451,992 612,407
507,688 719,563
CREDITORS
Amounts falling due within one
year

7

(343,926

)

(412,223

)
NET CURRENT ASSETS 163,762 307,340
TOTAL ASSETS LESS CURRENT
LIABILITIES

322,367

486,125

CREDITORS
Amounts falling due after more
than one year

8

(100,000

)

(50,000

)
NET ASSETS 222,367 436,125

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 221,367 435,125
SHAREHOLDERS' FUNDS 222,367 436,125

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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.

Ultra Catering Ltd (Registered number: SC230937)

Balance Sheet - continued
31 March 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 August 2022 and were signed on its behalf by:




D S Khaira - Director



A S Khaira - Director


Ultra Catering Ltd (Registered number: SC230937)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

Ultra Catering Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents amounts receivable for goods sold during the year, exclusive of value added tax.

Goodwill
Purchased goodwill arising on acquisitions is capitalised, classified as an asset on the Balance Sheet and amortised over its estimated useful life up to a maximum of ten years. This length of time is presumed to be the maximum useful life of purchased goodwill because it is difficult to make projections beyond this period. Goodwill is reviewed for impairment at the end of the first full financial year following each acquisition and subsequently as and when necessary if circumstances emerge that indicate that the carrying value may not be recoverable.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 4% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost
Equipment - 30% on cost and 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Ultra Catering Ltd (Registered number: SC230937)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 158 (2021 - 156 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
Goodwill licences Totals
£    £    £   
COST
At 1 April 2021
and 31 March 2022 58,000 59,193 117,193
AMORTISATION
At 1 April 2021 58,000 53,497 111,497
Amortisation for year - 950 950
At 31 March 2022 58,000 54,447 112,447
NET BOOK VALUE
At 31 March 2022 - 4,746 4,746
At 31 March 2021 - 5,696 5,696

Ultra Catering Ltd (Registered number: SC230937)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

5. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 April 2021 428,635 358,287 226,184
Additions - 3,459 -
Disposals - (224,569 ) (60,812 )
At 31 March 2022 428,635 137,177 165,372
DEPRECIATION
At 1 April 2021 261,911 354,113 226,184
Charge for year 17,146 4,226 -
Eliminated on disposal - (224,569 ) (60,812 )
At 31 March 2022 279,057 133,770 165,372
NET BOOK VALUE
At 31 March 2022 149,578 3,407 -
At 31 March 2021 166,724 4,174 -

Motor
vehicles Equipment Totals
£    £    £   
COST
At 1 April 2021 24,183 107,372 1,144,661
Additions - 631 4,090
Disposals - (87,275 ) (372,656 )
At 31 March 2022 24,183 20,728 776,095
DEPRECIATION
At 1 April 2021 24,183 105,181 971,572
Charge for year - 515 21,887
Eliminated on disposal - (85,842 ) (371,223 )
At 31 March 2022 24,183 19,854 622,236
NET BOOK VALUE
At 31 March 2022 - 874 153,859
At 31 March 2021 - 2,191 173,089

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Other debtors 12,412 8,984
Directors' loan accounts - 1,543
Tax recoverable - 501
VAT - 15,061
Prepayments 20,617 55,967
33,029 82,056

Ultra Catering Ltd (Registered number: SC230937)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade creditors 155,194 190,479
Tax 89,802 110,460
PAYE - 9,975
VAT 36,783 -
Accrued expenses 62,147 101,309
343,926 412,223

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.22 31.3.21
£    £   
Bank loans - 2-5 years - 50,000
Other loans - 1-2 years 100,000 -
100,000 50,000

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.22 31.3.21
£    £   
Within one year 121,409 121,409
Between one and five years 485,636 485,636
In more than five years 327,346 488,755
934,391 1,095,800

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2022 and 31 March 2021:

31.3.22 31.3.21
£    £   
A W Pollard
Balance outstanding at start of year 1,039 -
Amounts advanced - 1,039
Amounts repaid (1,039 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 1,039

B D Pollard
Balance outstanding at start of year 504 -
Amounts advanced - 504
Amounts repaid (504 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 504

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £38,800 (2021 - £70,800) were paid to the directors .

Ultra Catering Ltd (Registered number: SC230937)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

11. RELATED PARTY DISCLOSURES - continued

During the year the company paid dividends of £515,443 to Khaira Investments Ltd (parent company).

Ultra Catering Ltd

Report of the Accountants to the Directors of
Ultra Catering Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2022 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.

This report is made solely to the Board of Directors of the company, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of the company and state those matters that we have agreed to state to the Board of Directors of the company, as a body, in this report in accordance with the requirements of the Institute of Financial Accountants. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that the company has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities and financial position of the company. You consider that the company is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of the company. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Atholl Scott
Victoria House
13 Victoria Street
ABERDEEN
AB10 1XB


9 August 2022