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REGISTERED NUMBER: 07646585 (England and Wales)















Unaudited Financial Statements for the Year Ended 25 July 2024

for

Ultima Skills Ltd

Ultima Skills Ltd (Registered number: 07646585)






Contents of the Financial Statements
for the Year Ended 25 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ultima Skills Ltd

Company Information
for the Year Ended 25 July 2024







DIRECTORS: T Davies
M Davies





REGISTERED OFFICE: C/O Nijman Zeetank
Washway Lane
St Helens
WA10 6PE





REGISTERED NUMBER: 07646585 (England and Wales)





ACCOUNTANTS: M J Miller & Co. Ltd
Chartered Certified Accountants
56 Gidlow Lane
Gidlow
Wigan
Lancashire
WN6 7DP

Ultima Skills Ltd (Registered number: 07646585)

Balance Sheet
25 July 2024

25.7.24 25.7.23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 168,338 146,443

CURRENT ASSETS
Work in progress 53,593 106,865
Debtors 5 147,334 138,041
Cash at bank 15,143 -
216,070 244,906
CREDITORS
Amounts falling due within one year 6 165,055 183,504
NET CURRENT ASSETS 51,015 61,402
TOTAL ASSETS LESS CURRENT
LIABILITIES

219,353

207,845

CREDITORS
Amounts falling due after more than
one year

7

(8,298

)

(18,337

)

PROVISIONS FOR LIABILITIES (31,408 ) (27,211 )
NET ASSETS 179,647 162,297

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 179,447 162,097
179,647 162,297

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 25 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 25 July 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.

Ultima Skills Ltd (Registered number: 07646585)

Balance Sheet - continued
25 July 2024


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 15 August 2024 and were signed on its behalf by:





M Davies - Director


Ultima Skills Ltd (Registered number: 07646585)

Notes to the Financial Statements
for the Year Ended 25 July 2024

1. STATUTORY INFORMATION

Ultima Skills 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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 10% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing work in progress to their present location and condition.

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.


Ultima Skills Ltd (Registered number: 07646585)

Notes to the Financial Statements - continued
for the Year Ended 25 July 2024

2. ACCOUNTING POLICIES - continued
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 11 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 26 July 2023 294,606
Additions 88,377
Disposals (67,075 )
At 25 July 2024 315,908
DEPRECIATION
At 26 July 2023 148,163
Charge for year 19,088
Eliminated on disposal (19,681 )
At 25 July 2024 147,570
NET BOOK VALUE
At 25 July 2024 168,338
At 25 July 2023 146,443

Ultima Skills Ltd (Registered number: 07646585)

Notes to the Financial Statements - continued
for the Year Ended 25 July 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
25.7.24 25.7.23
£ £
Trade debtors 88,069 102,351
Amounts owed by participating interests 51,142 34,130
Other debtors 8,123 1,560
147,334 138,041

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
25.7.24 25.7.23
£ £
Bank loans and overdrafts 9,996 33,921
Trade creditors 19,942 11,360
Taxation and social security 71,308 93,299
Other creditors 63,809 44,924
165,055 183,504

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
25.7.24 25.7.23
£ £
Bank loans 8,298 18,337