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REGISTERED NUMBER: 07646585 (England and Wales)















Unaudited Financial Statements for the Year Ended 25 July 2023

for

Ultima Skills Ltd

Ultima Skills Ltd (Registered number: 07646585)






Contents of the Financial Statements
for the Year Ended 25 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ultima Skills Ltd

Company Information
for the Year Ended 25 July 2023







DIRECTORS: T Davies
M Davies





REGISTERED OFFICE: C/O Nijman Zeetank
Washway Lane
St Helens
WA10 6PE





REGISTERED NUMBER: 07646585 (England and Wales)





ACCOUNTANTS: M J Miller & Co. Ltd
Chartered Certified Accountants
56 Gidlow Lane
Gidlow
Wigan
Lancashire
WN6 7DP

Ultima Skills Ltd (Registered number: 07646585)

Balance Sheet
25 July 2023

25.7.23 25.7.22
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 146,443 140,486

CURRENT ASSETS
Work in progress 106,865 36,027
Debtors 5 138,041 57,527
Cash at bank - 1
244,906 93,555
CREDITORS
Amounts falling due within one year 6 183,504 157,320
NET CURRENT ASSETS/(LIABILITIES) 61,402 (63,765 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

207,845

76,721

CREDITORS
Amounts falling due after more than
one year

7

(18,337

)

(38,333

)

PROVISIONS FOR LIABILITIES (27,211 ) (25,999 )
NET ASSETS 162,297 12,389

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 162,097 12,189
162,297 12,389

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 25 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 25 July 2023 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.

Ultima Skills Ltd (Registered number: 07646585)

Balance Sheet - continued
25 July 2023


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 17 October 2023 and were signed on its behalf by:





M Davies - Director


Ultima Skills Ltd (Registered number: 07646585)

Notes to the Financial Statements
for the Year Ended 25 July 2023

1. STATUTORY INFORMATION

Ultima Skills Ltd is a private company, limited by shares , registered in England and Wales. 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 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 10% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing work in progress to their present location and condition.

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.


Ultima Skills Ltd (Registered number: 07646585)

Notes to the Financial Statements - continued
for the Year Ended 25 July 2023

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 11 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 26 July 2022 280,588
Additions 69,435
Disposals (55,417 )
At 25 July 2023 294,606
DEPRECIATION
At 26 July 2022 140,102
Charge for year 16,721
Eliminated on disposal (8,660 )
At 25 July 2023 148,163
NET BOOK VALUE
At 25 July 2023 146,443
At 25 July 2022 140,486

Ultima Skills Ltd (Registered number: 07646585)

Notes to the Financial Statements - continued
for the Year Ended 25 July 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
25.7.23 25.7.22
£ £
Trade debtors 102,351 28,685
Amounts owed by participating interests 34,130 25,609
Other debtors 1,560 3,233
138,041 57,527

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
25.7.23 25.7.22
£ £
Bank loans and overdrafts 33,921 15,847
Trade creditors 11,360 23,035
Taxation and social security 93,299 44,032
Other creditors 44,924 74,406
183,504 157,320

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
25.7.23 25.7.22
£ £
Bank loans 18,337 38,333