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REGISTERED NUMBER: 00978715 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 30 June 2023

for

Ultra-Warm Limited

Ultra-Warm Limited (Registered number: 00978715)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Ultra-Warm Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: L J Loake
M J Smith
Mrs R Smith





REGISTERED OFFICE: 42 High Street
Corsham
Wiltshire
SN13 0HF





REGISTERED NUMBER: 00978715 (England and Wales)

Ultra-Warm Limited (Registered number: 00978715)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 933 1,867
Tangible assets 5 12,373 19,244
13,306 21,111

CURRENT ASSETS
Stocks 321,052 309,572
Debtors 6 334,427 373,137
Cash at bank and in hand 17,655 161,783
673,134 844,492
CREDITORS
Amounts falling due within one year 7 556,925 628,560
NET CURRENT ASSETS 116,209 215,932
TOTAL ASSETS LESS CURRENT
LIABILITIES

129,515

237,043

PROVISIONS FOR LIABILITIES - 554
NET ASSETS 129,515 236,489

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 129,495 236,469
SHAREHOLDERS' FUNDS 129,515 236,489

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 31 October 2023 and were signed on its behalf by:



L J Loake - Director



M J Smith - Director


Ultra-Warm Limited (Registered number: 00978715)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Ultra-Warm 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 the amounts invoiced by the Company in respect of goods and services provided during the year, excluding value added tax.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on straight line basis and 10% on reducing balance

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.

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.

Revenue recognition and work in progress
The company has adopted the principle of "Substance Over Form" as outlined in FRS102 section 1A in accounting for revenue and work in progress

Revenue is recognised on a contract by contract basis when the company has a right to consideration in return for its performance under the terms of its contract.

Revenue thus recognised, but not yet billed, is accounted for as accrued income within debtors. Where fees have been billed in excess of the assessed stage of completion of the contract, the excess is accrued as deferred income within creditors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2022 - 29 ) .

Ultra-Warm Limited (Registered number: 00978715)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. INTANGIBLE FIXED ASSETS
Website
costs
£   
COST
At 1 July 2022
and 30 June 2023 2,800
AMORTISATION
At 1 July 2022 933
Amortisation for year 934
At 30 June 2023 1,867
NET BOOK VALUE
At 30 June 2023 933
At 30 June 2022 1,867

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2022 27,348 116,824 98,629 242,801
Disposals - (11,900 ) - (11,900 )
At 30 June 2023 27,348 104,924 98,629 230,901
DEPRECIATION
At 1 July 2022 25,890 102,043 95,624 223,557
Charge for year 364 3,451 2,075 5,890
Eliminated on disposal - (10,919 ) - (10,919 )
At 30 June 2023 26,254 94,575 97,699 218,528
NET BOOK VALUE
At 30 June 2023 1,094 10,349 930 12,373
At 30 June 2022 1,458 14,781 3,005 19,244

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 133,162 153,810
Other debtors 2,569 8,097
Amounts due from group
undertakings 181,642 193,642
Directors' current accounts 7,906 7,906
Prepayments and accrued income 9,148 9,682
334,427 373,137

Ultra-Warm Limited (Registered number: 00978715)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 230,089 189,220
Trade creditors 137,437 155,360
Corporation tax - 132
Social security and other taxes 84,256 176,525
Other creditors 97,548 100,228
Directors' current accounts 2,595 2,595
Accruals 5,000 4,500
556,925 628,560

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdrafts 230,089 189,220

Bank borrowings are secured by an omnibus guarantee and set-off arrangement over credit balances held by the company's bankers in respect of the company and Ultra-Warm Holdings Limited.

Hire purchase and finance lease contracts are secured on the assets to which the contracts relate.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2023 and 30 June 2022:

2023 2022
£    £   
M J Smith
Balance outstanding at start of year 7,906 7,906
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,906 7,906