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Company Registration No. 13584300 (England and Wales)
Ultra Builds Ltd. Unaudited accounts for the year ended 31 August 2023
Ultra Builds Ltd. Unaudited accounts Contents
Page
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Ultra Builds Ltd. Company Information for the year ended 31 August 2023
Director
Mr M Wood
Company Number
13584300 (England and Wales)
Registered Office
35 Goddard Way Tuffley Gloucester GL4 0YA
Accountants
Next Level Accountants Limited 35 Goddard Way Tuffley Gloucester Gloucestershire GL4 0YA
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Ultra Builds Ltd. Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,199 
28,399 
Current assets
Debtors
19,007 
21,750 
Cash at bank and in hand
50,710 
121,496 
69,717 
143,246 
Creditors: amounts falling due within one year
(24,842)
(51,220)
Net current assets
44,875 
92,026 
Total assets less current liabilities
52,074 
120,425 
Provisions for liabilities
Deferred tax
(1,800)
(5,396)
Net assets
50,274 
115,029 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
50,174 
114,929 
Shareholders' funds
50,274 
115,029 
For the year ending 31 August 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 11 November 2023 and were signed on its behalf by
Mr M Wood Director Company Registration No. 13584300
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Ultra Builds Ltd. Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
Ultra Builds Ltd. is a private company, limited by shares, registered in England and Wales, registration number 13584300. The registered office is 35 Goddard Way, Tuffley, Gloucester, GL4 0YA.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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:
Plant & machinery
20% Straight Line
Motor vehicles
20% Straight Line
Fixtures & fittings
20% Straight Line
Computer equipment
20% Straight Line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Ultra Builds Ltd. Notes to the Accounts for the year ended 31 August 2023
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 September 2022
35,499 
Disposals
(23,500)
At 31 August 2023
11,999 
Depreciation
At 1 September 2022
7,100 
Charge for the year
2,400 
On disposals
(4,700)
At 31 August 2023
4,800 
Net book value
At 31 August 2023
7,199 
At 31 August 2022
28,399 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
2,574 
- 
Accrued income and prepayments
16,433 
21,750 
19,007 
21,750 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
- 
12,606 
Taxes and social security
24,842 
38,542 
Other creditors
- 
72 
24,842 
51,220 
7
Average number of employees
During the year the average number of employees was 3 (2022: 4).
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