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REGISTERED NUMBER: 07725580 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Ultra Endurance Series Ltd

Ultra Endurance Series Ltd (Registered number: 07725580)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ultra Endurance Series Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTORS: P J Hayday-Brown
A A Stewart
S D Davies
K King





REGISTERED OFFICE: 68 West Street
Worsborough
Barnsley
Yorkshire
S70 5DJ





REGISTERED NUMBER: 07725580 (England and Wales)





ACCOUNTANTS: torr waterfield
Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW

Ultra Endurance Series Ltd (Registered number: 07725580)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 63,428 40,510
63,428 40,510

CURRENT ASSETS
Stocks 3,242 2,025
Debtors 6 101,266 73,197
Cash at bank 33,144 10,594
137,652 85,816
CREDITORS
Amounts falling due within one year 7 (137,958 ) (84,862 )
NET CURRENT (LIABILITIES)/ASSETS (306 ) 954
TOTAL ASSETS LESS CURRENT
LIABILITIES

63,122

41,464

CREDITORS
Amounts falling due after more than one
year

8

(40,834

)

(32,869

)

PROVISIONS FOR LIABILITIES (9,765 ) (6,488 )
NET ASSETS 12,523 2,107

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 12,423 2,007
12,523 2,107

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.

Ultra Endurance Series Ltd (Registered number: 07725580)

Balance Sheet - continued
31 January 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 October 2024 and were signed on its behalf by:





A A Stewart - Director


Ultra Endurance Series Ltd (Registered number: 07725580)

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

1. STATUTORY INFORMATION

Ultra Endurance Series 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.

The financial statements have been prepared on a going concern basis, assuming the company will
continue to trade. This assumption depends on the ability of the directors to maintain the necessary
financial support.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of four years.

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 cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell, 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 Statement of Income and Retained Earnings, 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.


Ultra Endurance Series Ltd (Registered number: 07725580)

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

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 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
At 1 February 2023
and 31 January 2024 1,264
AMORTISATION
At 1 February 2023
and 31 January 2024 1,264
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

Ultra Endurance Series Ltd (Registered number: 07725580)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 3,066 16,142 33,362 16,566 69,136
Additions - - 34,271 2,932 37,203
At 31 January 2024 3,066 16,142 67,633 19,498 106,339
DEPRECIATION
At 1 February 2023 624 8,183 8,411 11,408 28,626
Charge for year 766 1,990 9,506 2,023 14,285
At 31 January 2024 1,390 10,173 17,917 13,431 42,911
NET BOOK VALUE
At 31 January 2024 1,676 5,969 49,716 6,067 63,428
At 31 January 2023 2,442 7,959 24,951 5,158 40,510

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 1,462 -
Other debtors 99,804 73,197
101,266 73,197

Other debtors includes prepayments and accrued income of £91,724 (2023: £62,000)

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 10,000 6,222
Hire purchase contracts 7,833 5,200
Trade creditors 64,104 32,298
Taxation and social security 25,941 39,612
Other creditors 30,080 1,530
137,958 84,862

Other creditors includes accruals and deferred income of £1,500 (2023: £1,500)

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 2,976 17,111
Hire purchase contracts 37,858 15,758
40,834 32,869

Ultra Endurance Series Ltd (Registered number: 07725580)

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

9. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Hire purchase 45,691 20,958

Hire purchase liabilities are secured on the individual assets being so acquired.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

31.1.24 31.1.23
£    £   
P J Hayday-Brown
Balance outstanding at start of year - 34,453
Amounts advanced 148 -
Amounts repaid - (34,453 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 148 -

The loan was interest free and repayable on demand.