ULTRA HORIZON LTD

Company Registration Number:
10429944 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2023

Period of accounts

Start date: 1 November 2022

End date: 31 October 2023

ULTRA HORIZON LTD

Contents of the Financial Statements

for the Period Ended 31 October 2023

Balance sheet
Additional notes
Balance sheet notes

ULTRA HORIZON LTD

Balance sheet

As at 31 October 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 185,397 23,790
Total fixed assets: 185,397 23,790
Current assets
Debtors: 4 242,423 204,159
Cash at bank and in hand: 112,823 291,469
Total current assets: 355,246 495,628
Creditors: amounts falling due within one year: 5 ( 193,010 ) ( 28,627 )
Net current assets (liabilities): 162,236 467,001
Total assets less current liabilities: 347,633 490,791
Creditors: amounts falling due after more than one year: 6 ( 85,991 ) ( 16,958 )
Total net assets (liabilities): 261,642 473,833
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 261,641 473,832
Total Shareholders' funds: 261,642 473,833

The notes form part of these financial statements

ULTRA HORIZON LTD

Balance sheet statements

For the year ending 31 October 2023 the company was entitled to exemption 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 directors acknowledge their 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 directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 30 July 2024
and signed on behalf of the board by:

Name: J.L. Webb
Status: Director

The notes form part of these financial statements

ULTRA HORIZON LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Furniture and equipment - over 3 years, Plant and machinery - over 7 years, Motor vehicles - over 5 years.

    Other accounting policies

    Debtors - Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. Creditors - Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. Taxation - A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Foreign currency translation - Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. Pensions - Contributions to defined contribution plans are expensed in the period to which they relate.

ULTRA HORIZON LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 5 5

ULTRA HORIZON LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 November 2022 0 21,707 62,029 0 83,736
Additions 149,066 5,940 3,368 64,276 222,650
Disposals ( 21,707 ) ( 62,029 ) ( 83,736 )
Revaluations
Transfers
At 31 October 2023 149,066 5,940 3,368 64,276 222,650
Depreciation
At 1 November 2022 0 7,236 52,710 0 59,946
Charge for year 21,295 1,980 1,123 12,855 37,253
On disposals ( 7,236 ) ( 52,710 ) ( 59,946 )
Other adjustments
At 31 October 2023 21,295 1,980 1,123 12,855 37,253
Net book value
At 31 October 2023 127,771 3,960 2,245 51,421 185,397
At 31 October 2022 0 14,471 9,319 0 23,790

ULTRA HORIZON LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Debtors

2023 2022
£ £
Trade debtors 183,371 145,889
Other debtors 59,052 58,270
Total 242,423 204,159

ULTRA HORIZON LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 5,500 5,500
Amounts due under finance leases and hire purchase contracts 44,720
Trade creditors 16,357
Taxation and social security 9,148
Accruals and deferred income 600 600
Other creditors 125,833 13,379
Total 193,010 28,627

ULTRA HORIZON LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

6. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Bank loans and overdrafts 11,458 16,958
Amounts due under finance leases and hire purchase contracts 74,533
Total 85,991 16,958