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REGISTERED NUMBER: 02665356 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ULTRASOUND TECHNOLOGIES LIMITED

ULTRASOUND TECHNOLOGIES LIMITED (REGISTERED NUMBER: 02665356)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ULTRASOUND TECHNOLOGIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: I R Bussey





SECRETARY: I R Bussey





REGISTERED OFFICE: Lodge Way
Portskewett
Caldicot
Wales
NP26 5PS





REGISTERED NUMBER: 02665356 (England and Wales)





ACCOUNTANTS: Prime
Chartered Accountants
161 Newhall Street
Birmingham
B3 1SW

ULTRASOUND TECHNOLOGIES LIMITED (REGISTERED NUMBER: 02665356)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,250 4,209

CURRENT ASSETS
Stocks 465,611 446,158
Debtors 5 187,412 121,017
Cash at bank 933 -
653,956 567,175
CREDITORS
Amounts falling due within one year 6 331,816 117,192
NET CURRENT ASSETS 322,140 449,983
TOTAL ASSETS LESS CURRENT
LIABILITIES

325,390

454,192

CREDITORS
Amounts falling due after more than one
year

7

32,530

52,551
NET ASSETS 292,860 401,641

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Share premium 58,500 58,500
Retained earnings 229,360 338,141
292,860 401,641

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ULTRASOUND TECHNOLOGIES LIMITED (REGISTERED NUMBER: 02665356)

BALANCE SHEET - continued
31 DECEMBER 2023


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 director and authorised for issue on 1 August 2024 and were signed by:





I R Bussey - Director


ULTRASOUND TECHNOLOGIES LIMITED (REGISTERED NUMBER: 02665356)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Ultrasound Technologies Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 varying rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

ULTRASOUND TECHNOLOGIES LIMITED (REGISTERED NUMBER: 02665356)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 12 ).

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023 115,147 16,007 22,237 153,391
Additions - 600 1,375 1,975
At 31 December 2023 115,147 16,607 23,612 155,366
DEPRECIATION
At 1 January 2023 113,249 13,859 22,074 149,182
Charge for year 984 1,427 523 2,934
At 31 December 2023 114,233 15,286 22,597 152,116
NET BOOK VALUE
At 31 December 2023 914 1,321 1,015 3,250
At 31 December 2022 1,898 2,148 163 4,209

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 176,071 87,277
Other debtors 11,341 33,740
187,412 121,017

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 74,420 36,573
Trade creditors 113,053 50,254
Amounts owed to group undertakings 92,322 -
Taxation and social security 23,246 6,338
Other creditors 28,775 24,027
331,816 117,192

ULTRASOUND TECHNOLOGIES LIMITED (REGISTERED NUMBER: 02665356)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 14,820 34,841
Other creditors 17,710 17,710
32,530 52,551