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REGISTERED NUMBER: 05706230 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Ullyott Limited

Ullyott Limited (Registered number: 05706230)






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




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Ullyott Limited

Company Information
for the Year Ended 31 March 2024







Directors: Mrs S J Ullyott
Mr M Tuttle





Registered office: 6 George Street
Driffield
East Yorkshire
YO25 6RA





Registered number: 05706230 (England and Wales)





Accountants: Ullyott Limited
6 George Street
Driffield
East Yorkshire
YO25 6RA

Ullyott Limited (Registered number: 05706230)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 7,748 10,331
7,748 10,331

CURRENT ASSETS
Stocks 62,441 53,734
Debtors 6 77,978 109,057
Cash at bank and in hand 1,749 1,656
142,168 164,447
CREDITORS
Amounts falling due within one year 7 60,557 72,927
NET CURRENT ASSETS 81,611 91,520
TOTAL ASSETS LESS CURRENT
LIABILITIES

89,359

101,851

PROVISIONS FOR LIABILITIES 9 1,472 1,697
NET ASSETS 87,887 100,154

CAPITAL AND RESERVES
Called up share capital 1,002 1,002
Retained earnings 86,885 99,152
SHAREHOLDERS' FUNDS 87,887 100,154

Ullyott Limited (Registered number: 05706230)

Balance Sheet - continued
31 March 2024


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

The members have not required the company to obtain an audit of its financial statements for the year 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 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 3 November 2024 and were signed on its behalf by:





Mrs S J Ullyott - Director


Ullyott Limited (Registered number: 05706230)

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

1. STATUTORY INFORMATION

Ullyott 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.

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

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

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.

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 etc - 25% 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 stocks to their present location and condition.

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.


Ullyott Limited (Registered number: 05706230)

Notes to the Financial Statements - continued
for the Year Ended 31 March 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 9 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 64,867
AMORTISATION
At 1 April 2023
and 31 March 2024 64,867
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

Ullyott Limited (Registered number: 05706230)

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

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023
and 31 March 2024 41,373
DEPRECIATION
At 1 April 2023 31,042
Charge for year 2,583
At 31 March 2024 33,625
NET BOOK VALUE
At 31 March 2024 7,748
At 31 March 2023 10,331

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 77,978 109,057

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 9,336
Trade creditors 8,061 6,880
Corporation tax 23,994 24,716
Social security and other taxes 4,339 4,027
VAT 20,740 23,436
Other creditors 1,143 1,815
Directors' current accounts 1,280 517
Accruals and deferred income 1,000 2,200
60,557 72,927

Ullyott Limited (Registered number: 05706230)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdraft - 9,336

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,472 1,697

Deferred
tax
£   
Balance at 1 April 2023 1,697
Provided during year (225 )
Balance at 31 March 2024 1,472

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs S J Ullyott.