Acorah Software Products - Accounts Production 14.5.601 false true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 05880947 Jacquelyn Saxon iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05880947 2022-07-31 05880947 2023-07-31 05880947 2022-08-01 2023-07-31 05880947 frs-core:CurrentFinancialInstruments 2023-07-31 05880947 frs-core:ComputerEquipment 2022-08-01 2023-07-31 05880947 frs-core:FurnitureFittings 2023-07-31 05880947 frs-core:FurnitureFittings 2022-08-01 2023-07-31 05880947 frs-core:FurnitureFittings 2022-07-31 05880947 frs-core:MotorVehicles 2023-07-31 05880947 frs-core:MotorVehicles 2022-08-01 2023-07-31 05880947 frs-core:MotorVehicles 2022-07-31 05880947 frs-core:PlantMachinery 2023-07-31 05880947 frs-core:PlantMachinery 2022-08-01 2023-07-31 05880947 frs-core:PlantMachinery 2022-07-31 05880947 frs-core:WithinOneYear 2023-07-31 05880947 frs-core:ShareCapital 2023-07-31 05880947 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 05880947 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 05880947 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 05880947 frs-bus:SmallEntities 2022-08-01 2023-07-31 05880947 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 05880947 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 05880947 frs-bus:Director1 2022-08-01 2023-07-31 05880947 frs-countries:EnglandWales 2022-08-01 2023-07-31 05880947 2021-07-31 05880947 2022-07-31 05880947 2021-08-01 2022-07-31 05880947 frs-core:CurrentFinancialInstruments 2022-07-31 05880947 frs-core:WithinOneYear 2022-07-31 05880947 frs-core:ShareCapital 2022-07-31 05880947 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: 05880947
The Ultimate Balloon Company (UK) Limited
Unaudited Financial Statements
For The Year Ended 31 July 2023
Annette Ferguson Scotland Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05880947
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,624 7,488
5,624 7,488
CURRENT ASSETS
Stocks 5 1,500 1,500
Debtors 6 2,062 244
3,562 1,744
Creditors: Amounts Falling Due Within One Year 7 (45,764 ) (41,693 )
NET CURRENT ASSETS (LIABILITIES) (42,202 ) (39,949 )
TOTAL ASSETS LESS CURRENT LIABILITIES (36,578 ) (32,461 )
NET LIABILITIES (36,578 ) (32,461 )
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account (36,580 ) (32,463 )
SHAREHOLDERS' FUNDS (36,578) (32,461)
Page 1
Page 2
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 member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Jacquelyn Saxon
Director
08/04/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
The Ultimate Balloon Company (UK) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05880947 . The registered office is Unit 31 Fusion@Magna, Magna Way, Rotherham, South Yorkshire, S60 1FE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% RB
Motor Vehicles 25% RB
Fixtures & Fittings 25% RB
Computer Equipment 25% RB
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: )
- -
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 August 2022 5,037 20,813 3,721 29,571
As at 31 July 2023 5,037 20,813 3,721 29,571
Depreciation
As at 1 August 2022 3,716 15,874 2,493 22,083
Provided during the period 330 1,234 300 1,864
As at 31 July 2023 4,046 17,108 2,793 23,947
Net Book Value
As at 31 July 2023 991 3,705 928 5,624
As at 1 August 2022 1,321 4,939 1,228 7,488
5. Stocks
2023 2022
£ £
Stock 1,500 1,500
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 858 110
Other debtors 1,204 134
2,062 244
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 3,863 3,863
Trade creditors 6,196 1,275
Bank loans and overdrafts 13,890 16,500
Other creditors 21,815 19,428
Taxation and social security - 627
45,764 41,693
8. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 3,863 3,863
Page 4
Page 5
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
Page 5