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REGISTERED NUMBER: 03827060 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

ULTIMATE TRADING UK LIMITED

ULTIMATE TRADING UK LIMITED (REGISTERED NUMBER: 03827060)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ULTIMATE TRADING UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTOR: Mr G Wardle





REGISTERED OFFICE: 1 Park Street
Macclesfield
Cheshire
SK11 6SR





REGISTERED NUMBER: 03827060 (England and Wales)





ACCOUNTANTS: Heywood Shepherd
Chartered Accountants
1 Park Street
Macclesfield
Cheshire
SK11 6SR

ULTIMATE TRADING UK LIMITED (REGISTERED NUMBER: 03827060)

BALANCE SHEET
31 JANUARY 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 598,853 513,520

CURRENT ASSETS
Stocks 839,051 622,773
Debtors 5 422,274 378,145
Cash at bank and in hand 874,525 1,420,064
2,135,850 2,420,982
CREDITORS
Amounts falling due within one year 6 679,565 1,250,336
NET CURRENT ASSETS 1,456,285 1,170,646
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,055,138

1,684,166

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,055,038 1,684,066
SHAREHOLDERS' FUNDS 2,055,138 1,684,166

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 October 2023 and were signed by:





Mr G Wardle - Director


ULTIMATE TRADING UK LIMITED (REGISTERED NUMBER: 03827060)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023


1. STATUTORY INFORMATION

Ultimate Trading UK Limited 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 10% on cost and not provided
Plant and machinery - 10% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 6 (2022 - 10 ) .

ULTIMATE TRADING UK LIMITED (REGISTERED NUMBER: 03827060)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£ £ £
COST
At 1 February 2022 466,393 89,699 13,528
Additions - 3,800 463
Disposals - - -
At 31 January 2023 466,393 93,499 13,991
DEPRECIATION
At 1 February 2022 1,567 60,786 10,368
Charge for year 314 4,380 906
Eliminated on disposal - - -
At 31 January 2023 1,881 65,166 11,274
NET BOOK VALUE
At 31 January 2023 464,512 28,333 2,717
At 31 January 2022 464,826 28,913 3,160

Motor Computer
vehicles equipment Totals
£ £ £
COST
At 1 February 2022 42,937 18,798 631,355
Additions 122,500 - 126,763
Disposals (42,937 ) - (42,937 )
At 31 January 2023 122,500 18,798 715,181
DEPRECIATION
At 1 February 2022 30,113 15,001 117,835
Charge for year 21,883 2,589 30,072
Eliminated on disposal (31,579 ) - (31,579 )
At 31 January 2023 20,417 17,590 116,328
NET BOOK VALUE
At 31 January 2023 102,083 1,208 598,853
At 31 January 2022 12,824 3,797 513,520

ULTIMATE TRADING UK LIMITED (REGISTERED NUMBER: 03827060)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£
COST
At 1 February 2022 26,497
Disposals (26,497 )
At 31 January 2023 -
DEPRECIATION
At 1 February 2022 15,319
Charge for year 1,397
Eliminated on disposal (16,716 )
At 31 January 2023 -
NET BOOK VALUE
At 31 January 2023 -
At 31 January 2022 11,178

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 167,344 348,501
Other debtors - 1,799
Loans to associated companies 5,000 -
Directors' current accounts 236,825 -
Tax - 18,314
Prepayments and accrued income 13,105 9,531
422,274 378,145

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 1,546 1,478
Hire purchase contracts - 652
Trade creditors 554,860 812,117
Loan from associated company 20,547 26,172
Tax 80,763 116,422
Social security and other taxes - 1,983
VAT 16,809 4,643
Other creditors 806 484
Directors' current accounts - 807
Accrued expenses 4,234 285,578
679,565 1,250,336

ULTIMATE TRADING UK LIMITED (REGISTERED NUMBER: 03827060)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2023 and 31 January 2022:

2023 2022
£ £
Mr G Wardle
Balance outstanding at start of year (807 ) (1,728 )
Amounts advanced 688,712 62,000
Amounts repaid (451,080 ) (61,079 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 236,825 (807 )