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REGISTERED NUMBER: 11568724 (England and Wales)





ULTIMA EDUCATION LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 OCTOBER 2023 TO 31 MARCH 2024






ULTIMA EDUCATION LTD (REGISTERED NUMBER: 11568724)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 OCTOBER 2023 TO 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ULTIMA EDUCATION LTD

COMPANY INFORMATION
FOR THE PERIOD 1 OCTOBER 2023 TO 31 MARCH 2024







DIRECTORS: Mrs L N Penfold
Mr T S Jones





REGISTERED OFFICE: 7 St John Street
Mansfield
Nottinghamshire
NG18 1QH





REGISTERED NUMBER: 11568724 (England and Wales)





ACCOUNTANTS: ApC
Chartered Accountants
7 St John Street
Mansfield
Nottinghamshire
NG18 1QH

ULTIMA EDUCATION LTD (REGISTERED NUMBER: 11568724)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 - 39,081

CURRENT ASSETS
Debtors 6 343,089 574,254
Cash at bank 538,658 562,836
881,747 1,137,090
CREDITORS
Amounts falling due within one year 7 283,831 475,463
NET CURRENT ASSETS 597,916 661,627
TOTAL ASSETS LESS CURRENT
LIABILITIES

597,916

700,708

PROVISIONS FOR LIABILITIES - 8,598
NET ASSETS 597,916 692,110

CAPITAL AND RESERVES
Called up share capital 106 106
Retained earnings 597,810 692,004
597,916 692,110

ULTIMA EDUCATION LTD (REGISTERED NUMBER: 11568724)

BALANCE SHEET - continued
31 MARCH 2024


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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 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 14 September 2024 and were signed on its behalf by:





Mrs L N Penfold - Director


ULTIMA EDUCATION LTD (REGISTERED NUMBER: 11568724)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 OCTOBER 2023 TO 31 MARCH 2024


1. STATUTORY INFORMATION

Ultima Education 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.

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


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the value excluding Value Added Tax of software and testing provided to customers during the year. In respect of services provided, all income is taken to profit and loss at the same point as the right to receive consideration has been acquired.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Taxation
Taxation for the period 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 EDUCATION LTD (REGISTERED NUMBER: 11568724)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 OCTOBER 2023 TO 31 MARCH 2024


3. 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 period 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.

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.

Financial instruments
Financial instruments and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 16 (2023 - 16 ) .

ULTIMA EDUCATION LTD (REGISTERED NUMBER: 11568724)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 OCTOBER 2023 TO 31 MARCH 2024


5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2023 13,534 51,395 21,144 86,073
Additions - - 3,348 3,348
Disposals (13,534 ) (51,395 ) (24,492 ) (89,421 )
At 31 March 2024 - - - -
DEPRECIATION
At 1 October 2023 6,563 22,486 17,943 46,992
Charge for period 877 3,614 1,892 6,383
Eliminated on disposal (7,440 ) (26,100 ) (19,835 ) (53,375 )
At 31 March 2024 - - - -
NET BOOK VALUE
At 31 March 2024 - - - -
At 30 September 2023 6,971 28,909 3,201 39,081

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 30,554 210,191
Amounts owed by related parties 309,712 359,711
Directors' current accounts 1 -
Prepayments and accrued income 2,822 4,352
343,089 574,254

ULTIMA EDUCATION LTD (REGISTERED NUMBER: 11568724)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 OCTOBER 2023 TO 31 MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 20,177 111,469
Corporation tax 166,219 153,739
Social security and other taxes 7,613 13,671
Pension 341 2,141
VAT 51,119 134,808
Other creditors 1,514 -
Wages control account 15,016 31,370
Directors' current accounts - 25,190
Accruals and deferred income 21,832 3,075
283,831 475,463

8. RELATED PARTY DISCLOSURES

During the year the company gave financial assistance to a related party, of £Nil (2023: £123,240). The outstanding balance, due to Ultima Education Ltd, at the year end is £337,414.