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REGISTERED NUMBER: 02662148 (England and Wales)















Financial Statements for the Year Ended 31 January 2024

for

Ultrascan Non-Destructive Testing Ltd

Ultrascan Non-Destructive Testing Ltd (Registered number: 02662148)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Ultrascan Non-Destructive Testing Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mr C J O'Neill
Mrs M A O'Neill





SECRETARY: Mr C J O'Neill





REGISTERED OFFICE: 1 Mortimer Street
Birkenhead
Merseyside
CH41 5EU





REGISTERED NUMBER: 02662148 (England and Wales)





ACCOUNTANTS: Lerman Quaile
1 Mortimer Street
Birkenhead
Merseyside
CH41 5EU

Ultrascan Non-Destructive Testing Ltd (Registered number: 02662148)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 165,571 185,821

CURRENT ASSETS
Debtors 5 116,763 77,477
Cash at bank and in hand 1,080,155 1,078,711
1,196,918 1,156,188
CREDITORS
Amounts falling due within one year 6 111,673 92,123
NET CURRENT ASSETS 1,085,245 1,064,065
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,250,816

1,249,886

CAPITAL AND RESERVES
Called up share capital 202 202
Retained earnings 1,250,614 1,249,684
SHAREHOLDERS' FUNDS 1,250,816 1,249,886

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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 21 February 2024 and were signed on its behalf by:





Mr C J O'Neill - Director


Ultrascan Non-Destructive Testing Ltd (Registered number: 02662148)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Ultrascan Non-Destructive Testing Ltd 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.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 7 (2023 - 6 ) .

Ultrascan Non-Destructive Testing Ltd (Registered number: 02662148)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 February 2023 354,719 48,445 265,817 668,981
Additions 23,994 274 - 24,268
Disposals (10,509 ) - - (10,509 )
At 31 January 2024 368,204 48,719 265,817 682,740
DEPRECIATION
At 1 February 2023 271,774 41,919 169,467 483,160
Charge for year 15,447 1,020 24,088 40,555
Eliminated on disposal (6,546 ) - - (6,546 )
At 31 January 2024 280,675 42,939 193,555 517,169
NET BOOK VALUE
At 31 January 2024 87,529 5,780 72,262 165,571
At 31 January 2023 82,945 6,526 96,350 185,821

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 116,263 77,477
Other debtors 500 -
116,763 77,477

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Taxation and social security 61,173 37,823
Other creditors 50,500 54,300
111,673 92,123

7. RELATED PARTY DISCLOSURES

The company is controlled by the directors.

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr C J O'Neill.

The ultimate controlling party is Mr C J O'Neill.