Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-06-20falseNo description of principal activity00falsetrue 14183678 2022-06-19 14183678 2022-06-20 2023-06-30 14183678 2021-07-01 2022-06-19 14183678 2023-06-30 14183678 c:Director1 2022-06-20 2023-06-30 14183678 d:OfficeEquipment 2022-06-20 2023-06-30 14183678 d:OfficeEquipment 2023-06-30 14183678 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-06-20 2023-06-30 14183678 d:CurrentFinancialInstruments 2023-06-30 14183678 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 14183678 d:ShareCapital 2023-06-30 14183678 d:RetainedEarningsAccumulatedLosses 2023-06-30 14183678 d:AcceleratedTaxDepreciationDeferredTax 2023-06-30 14183678 c:OrdinaryShareClass1 2022-06-20 2023-06-30 14183678 c:OrdinaryShareClass1 2023-06-30 14183678 c:FRS102 2022-06-20 2023-06-30 14183678 c:AuditExempt-NoAccountantsReport 2022-06-20 2023-06-30 14183678 c:FullAccounts 2022-06-20 2023-06-30 14183678 c:PrivateLimitedCompanyLtd 2022-06-20 2023-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14183678










ULTIMATE TRAINING & SAFETY LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 JUNE 2023

 
ULTIMATE TRAINING & SAFETY LTD
REGISTERED NUMBER: 14183678

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2023

2023
Note
£

Fixed assets
  

Tangible assets
 3 
376

  
376

Current assets
  

Debtors: amounts falling due within one year
 4 
1,685

Cash at bank and in hand
 5 
33,633

  
35,318

Creditors: amounts falling due within one year
 6 
(8,426)

Net current assets
  
 
 
26,892

Total assets less current liabilities
  
27,268

Provisions for liabilities
  

Deferred tax
  
(71)

  
 
 
(71)

Net assets
  
27,197


Capital and reserves
  

Called up share capital 
  
1

Profit and loss account
  
27,196

  
27,197


Page 1

 
ULTIMATE TRAINING & SAFETY LTD
REGISTERED NUMBER: 14183678
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






S C Hide
Director
Date: 20 February 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
ULTIMATE TRAINING & SAFETY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2023

1.


General information

Ultimate Training & Safety Limited (14183678) is a private company limited by shares and registered in England and Wales.The registered office is 24 Paddock Way, Petersfield, England, GU32 3NH.
The company incorporated on 22 June 2022 and commenced trading on 3 August 2022.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
ULTIMATE TRAINING & SAFETY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.3

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
25%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
ULTIMATE TRAINING & SAFETY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.

 
2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 5

 
ULTIMATE TRAINING & SAFETY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2023

3.


Tangible fixed assets





Office equipment

£



Cost or valuation


Additions
459



At 30 June 2023

459



Depreciation


Charge for the period on owned assets
83



At 30 June 2023

83



Net book value



At 30 June 2023
376


4.


Debtors

2023
£


Trade debtors
1,200

Other debtors
485

1,685



5.


Cash and cash equivalents

2023
£

Cash at bank and in hand
33,633

33,633


Page 6

 
ULTIMATE TRAINING & SAFETY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2023

6.


Creditors: Amounts falling due within one year

2023
£

Corporation tax
6,926

Accruals and deferred income
1,500

8,426



7.


Deferred taxation



2023


£






Charged to profit or loss
(71)



At end of year
(71)

The deferred taxation balance is made up as follows:

2023
£


Accelerated capital allowances
(71)

(71)

Page 7

 
ULTIMATE TRAINING & SAFETY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2023

8.


Share capital

2023
£
Allotted, called up and fully paid


1 Ordinary share share of £1.00
1


During the period, Ultimate Training & Safety Limited allotted and issued 1 ordinary shares at £1 each.

 
Page 8