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Registered number: 08003426
ULTIMATE IES LIMITED
Unaudited Financial Statements
For The Year Ended 31 March 2024
TI Accountancy
74 Duke Street
Barrow In Furness
Cumbria
LA14 1RX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08003426
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 27,720 996
27,720 996
CURRENT ASSETS
Debtors 5 43,297 30,635
Cash at bank and in hand 32,172 15,056
75,469 45,691
Creditors: Amounts Falling Due Within One Year 6 (29,472 ) (30,136 )
NET CURRENT ASSETS (LIABILITIES) 45,997 15,555
TOTAL ASSETS LESS CURRENT LIABILITIES 73,717 16,551
Creditors: Amounts Falling Due After More Than One Year 7 (51,105 ) (16,361 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (5,267 ) (189 )
NET ASSETS 17,345 1
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 17,344 -
SHAREHOLDERS' FUNDS 17,345 1
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Peter Hodge
Director
18/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
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Notes to the Financial Statements
1. General Information
ULTIMATE IES LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 08003426 . The registered office is Unit 116, 14 Chertsey Road, Woking, Surrey, GU21 5AH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Straight Line
Motor Vehicles 25% Straight Line
2.4. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.5. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 April 2023 6,843 - 6,843
Additions 548 36,043 36,591
As at 31 March 2024 7,391 36,043 43,434
Depreciation
As at 1 April 2023 5,847 - 5,847
Provided during the period 856 9,011 9,867
As at 31 March 2024 6,703 9,011 15,714
Net Book Value
As at 31 March 2024 688 27,032 27,720
As at 1 April 2023 996 - 996
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 29,719 18,114
Other debtors 13,578 8,897
VAT - 581
Other taxes and social security - 3,043
43,297 30,635
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 13,474 11,720
Bank loans and overdrafts 7,421 13,110
Corporation tax 5,585 4,858
Other taxes and social security 1,251 -
VAT 1,774 -
Other creditors (33 ) 448
29,472 30,136
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 51,105 16,361
8. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 5,267 189
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
10. Ultimate Controlling Party
The company's ultimate controlling party is Peter Hodge by virtue of his ownership of 100% of the issued share capital in the company.
Page 4