Company Registration No. 10869132 (England and Wales)
Ultraperipheric Ltd
Unaudited accounts
for the year ended 31 July 2023
Ultraperipheric Ltd
Unaudited accounts
Contents
Ultraperipheric Ltd
Company Information
for the year ended 31 July 2023
Director
Maxim Alexandrovich Boiko Savenko
Company Number
10869132 (England and Wales)
Registered Office
20-22 WENLOCK ROAD
LONDON
N1 7GU
ENGLAND
Ultraperipheric Ltd
Statement of financial position
as at 31 July 2023
Cash at bank and in hand
79,074
23,995
Creditors: amounts falling due within one year
(69,391)
(19,879)
Net current assets
39,807
4,116
Called up share capital
1
1
Profit and loss account
42,417
4,809
Shareholders' funds
42,418
4,810
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 November 2023 and were signed on its behalf by
Maxim Alexandrovich Boiko Savenko
Director
Company Registration No. 10869132
Ultraperipheric Ltd
Notes to the Accounts
for the year ended 31 July 2023
Ultraperipheric Ltd is a private company, limited by shares, registered in England and Wales, registration number 10869132. The registered office is 20-22 WENLOCK ROAD, LONDON, N1 7GU, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
3 years
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Ultraperipheric Ltd
Notes to the Accounts
for the year ended 31 July 2023
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 August 2022
-
1,475
1,475
Additions
2,054
1,134
3,188
At 31 July 2023
2,054
2,609
4,663
At 1 August 2022
-
781
781
Charge for the year
433
838
1,271
At 31 July 2023
433
1,619
2,052
At 31 July 2023
1,621
990
2,611
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
39,463
551
Taxes and social security
10,610
1,218
Other creditors
9,139
2,056
Loans from directors
9,679
15,554
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Maxim Alexandrovich Boiko Savenko
At the YE 31.07.23 company owes director
(15,554)
15,554
10,679
(10,679)
(15,554)
15,554
10,679
(10,679)
Loan is interest free and repayable on demand
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).