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REGISTERED NUMBER: 13113316 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Ultra Clean Services Limited

Ultra Clean Services Limited (Registered number: 13113316)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Income Statement 2

Balance Sheet 3

Notes to the Financial Statements 4


Ultra Clean Services Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mr A E Brown
Mrs N G Walsh
Mr M Walsh





REGISTERED OFFICE: 11 Swanley Bar Lane
Potters Bar
United Kingdom
Hertfordshire
EN6 1NR





REGISTERED NUMBER: 13113316 (England and Wales)





ACCOUNTANTS: M Georghiades & Associates
Chartered Certified Accountants
130A Darkes Lane
Potters Bar
Hertfordshire
EN6 1AF

Ultra Clean Services Limited (Registered number: 13113316)

Income Statement
for the Year Ended 31 January 2024

31.1.24 31.1.23
Notes £    £   

TURNOVER 733,112 682,621

Cost of sales 213,684 111,060
GROSS PROFIT 519,428 571,561

Administrative expenses 348,323 321,946
OPERATING PROFIT 4 171,105 249,615

Interest receivable and similar income - 1
171,105 249,616

Interest payable and similar expenses 5 - 9
PROFIT BEFORE TAXATION 171,105 249,607

Tax on profit 6 41,735 46,770
PROFIT FOR THE FINANCIAL YEAR 129,370 202,837

Ultra Clean Services Limited (Registered number: 13113316)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 8 44,380 56,669

CURRENT ASSETS
Debtors 9 215,569 239,160
Cash at bank 40,279 7,386
255,848 246,546
CREDITORS
Amounts falling due within one year 10 79,024 94,809
NET CURRENT ASSETS 176,824 151,737
TOTAL ASSETS LESS CURRENT
LIABILITIES

221,204

208,406

PROVISIONS FOR LIABILITIES 11 7,455 10,527
NET ASSETS 213,749 197,879

CAPITAL AND RESERVES
Called up share capital 12 10 10
Retained earnings 13 213,739 197,869
SHAREHOLDERS' FUNDS 213,749 197,879

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

The financial statements were approved by the Board of Directors and authorised for issue on 22 October 2024 and were signed on its behalf by:





Mr M Walsh - Director


Ultra Clean Services Limited (Registered number: 13113316)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Ultra Clean Services 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.

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.

Provisions
Provisions (ie./ liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.

Ultra Clean Services Limited (Registered number: 13113316)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 3 ).

31.1.24 31.1.23
£    £   
Directors' remuneration 30,000 -

4. OPERATING PROFIT

The operating profit is stated after charging:

31.1.24 31.1.23
£    £   
Depreciation - owned assets 14,793 18,890

5. INTEREST PAYABLE AND SIMILAR EXPENSES
31.1.24 31.1.23
£    £   
Other interest payable - 9

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
31.1.24 31.1.23
£    £   
Current tax:
UK corporation tax 44,807 43,502

Deferred tax (3,072 ) 3,268
Tax on profit 41,735 46,770

Ultra Clean Services Limited (Registered number: 13113316)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. IMPAIRMENT OF FIXED ASSETS

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset. the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted. If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

8. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 February 2023 40,485 46,950 87,435
Additions 2,504 - 2,504
At 31 January 2024 42,989 46,950 89,939
DEPRECIATION
At 1 February 2023 10,225 20,541 30,766
Charge for year 8,191 6,602 14,793
At 31 January 2024 18,416 27,143 45,559
NET BOOK VALUE
At 31 January 2024 24,573 19,807 44,380
At 31 January 2023 30,260 26,409 56,669

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 99,120 239,160
Other debtors 116,449 -
215,569 239,160

Ultra Clean Services Limited (Registered number: 13113316)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 5,517 -
Tax 44,807 43,502
Social security and other taxes 931 -
VAT 24,719 33,904
Directors' current accounts 475 15,063
Accrued expenses 2,575 2,340
79,024 94,809

11. PROVISIONS FOR LIABILITIES
31.1.24 31.1.23
£    £   
Deferred tax
Accelerated capital allowances 7,455 10,527

Deferred
tax
£   
Balance at 1 February 2023 10,527
Provided during year (3,072 )
Balance at 31 January 2024 7,455

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
10 Ordinary £1.00 10 10

13. RESERVES
Retained
earnings
£   

At 1 February 2023 197,869
Profit for the year 129,370
Dividends (113,500 )
At 31 January 2024 213,739

14. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with its directors.

Ultra Clean Services Limited (Registered number: 13113316)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

15. POST BALANCE SHEET EVENTS

There have not been any significant events since the balance sheet date.
There were no essential either adjusting events or non-adjusting events in the period of time elapsing between the balance sheet date and the date on which these financial statements are prepared. The impact of COVID-19 is described in the Going Concern Consideration Note.

The ongoing Russia - Ukraine conflict - This ongoing conflict has resulted in going concern becoming a significant risk. The United States and Europe have avoided direct military conflict with Russia amid its conflict with Ukraine. They have however used a set of financial sanctions to limit Russia's access to financial resources. The impact of the sanctions may result in difficulties for the company to operate. Neither Ultra Clean Services Limited nor the owners are currently on the sanctions list at the time of this report, however this may change as the situation changes.

16. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr M Walsh.

Mr Matthew Walsh is one of the three directors of the company and shareholder of the company who owns 100% of the company's share capital.

17. GOING CONCERN CONSIDERATION

The Company's management does not see a severe impact of COVID-19 outbreak to its activity. The Company tested the financial impact on the following areas of financial statements that can be affected:
- Breach of trade contracts
- Revenue
- Cost of sales
- Inventories fair value measurements
- Debt repayment

18. ENVIRONMENTAL RISKS AND CLIMATE CHANGES RESPONSIBILITIES

Environmental Risks
Due to the nature of the entity's operational activities there's no exposure to significant environmental risks.

Climate changes and environmental responsibility
Despite the fact that our organisation offering general and ultra clean cleaning services, we are always consider the environmental sustainability. Future business performance will be impacted by our ability to effectively manage the transition to a low carbon economy balancing commercial decisions with the environmental responsibility, agreeing business-wide decarbonisation priorities and managing changes in customer preferences.
This include management of the increasing costs associated with sustainable materials, recycling carbon pricing and further technological, policy and regulatory interventions.
We are operating in a world and a sector with high pressure from carbon-conscious customers, government bodies and regulators to operate in a more environmentally conscious manner. To respond to the circular economy, waste reduction and low carbon products and use of a recycled parts and related components.