Ultimate Industrial Cleaning Ltd


FINANCIAL STATEMENTS


for the year ended 30th April 2024



Ultimate Industrial Cleaning Ltd

CONTENTS

for the year ended 30th April 2024







The Accounts are comprised of the following:

Statement of Financial Position

Notes to the Accounts



Please note that the Accounts comprise of HTML and iXBRL source code and that this is a printed or visual representation of that source code some of which will not be displayed or printed.

Ultimate Industrial Cleaning Ltd

Company No. 04075073

STATEMENT OF FINANCIAL POSITION

as at 30th April 2024

20242023
Note£££
FIXED ASSETS
Intangible assets4-(889)
Property, plant and equipment5901032862038
901032861149
CURRENT ASSETS
Debtors6231750282540
Cash at bank and in hand118988173235
350738455775
CURRENT LIABILITIES
Creditors: amounts falling due
within one year7215074268377
NET CURRENT ASSETS135664187398
TOTAL ASSETS LESS CURRENT LIABILITIES10366961048547
 
Creditors: amounts falling due
after more than one year82440637292
 
Provisions for liabilities and charges
Deferred taxation4333943339
 
NET ASSETS968951967916
 
CAPITAL AND RESERVES
Called up share capital33
Retained earnings968948967913
SHAREHOLDERS FUNDS968951967916

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies which are subject to the small companies' regime. The Income Statement has not been delivered to the Registrar of Companies.

For the year ended 30th April 2024 the Company is entitled to the exemption from the requirement to obtain an audit conferred by section 477 of the Companies Act 2006 and the members have not required the company to obtain an audit in accordance with section 476 of the Act.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the Board on 3 October 2024


Paul Vincent Martin

Director

Company Number 04075073 (England)

Ultimate Industrial Cleaning Ltd

NOTES TO THE ACCOUNTS

for the year ended 30th April 2024


1   Statutory information

Ultimate Industrial Cleaning Ltd is a private company limited by shares and registered under company number 04075073 in England. Its registered office address is 12 Hatherley Road, Sidcup, England, DA14 4DT.

These financial statements are presented in Sterling, which is the functional currency of the company.

2   Accounting policies

Basis of preparation of financial statements

The accounts have been prepared under the historical cost convention in accordance with the accounting policies set out below, and in accordance with Financial Reporting Standard 102 Section 1A and the Companies Act 2006.

Income Recognition

Revenue is measured at the fair value of the consideration received or receivable. Turnover is shown net of value added tax, returns, rebates and discounts. Revenue is recognised for the sale of goods when the vendor has transferred the significant risks and rewards of ownership, it is possible that the economic benefit will flow to the entity and the revenue and associated costs can be reliably measured.

Depreciation

Depreciation is provided on all property, plant and equipment, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Plant, machinery and vehicles33% on cost and 25% on reducing balance

Leasing

Assets, obtained under hire purchase contracts and finance leases, are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.

Taxation

Taxation represents the sum of tax currently payable and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Leasing and hire purchase commitments

Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the Company, are capitalised in the Statement of Financial Position and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the Statement of Financial Position as a liability.

The interest element of the rental obligations is charged to the Income Statement over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

3   Employee information

The average number of employees during the accounting period was 7 (2023 - 5).

4   Intangible assets
£
Goodwill
 
Cost
At 1st May 2023 3369
Additions889
Disposals(4258)
At 30th April 2024-
 
Amortisation
At 1st May 2023 4258
On disposals(4258)
At 30th April 2024-
 
Net Book Value
At 30th April 2024-
At 30th April 2023(889)

Intangible Fixed Assets are being written off in equal annual instalments over each asset's estimated economic life.


5   Property, plant and equipment
 
PlantFixtures
Land andMotorandand
BuildingsVehiclesMachineryFittingsTotal
£££££
Cost
At 1st May 2023 3149494391497682688681344557
Additions-551423712910085102356
Disposals--(150000)-(150000)
At 30th April 202431494999056863955189531296913
 
Depreciation
At 1st May 2023 -87824719631774482519
Charge for year-2256936498429563362
On disposals--(150000)-(150000)
At 30th April 2024-313513584616069395881
 
Net Book Value
At 30th April 20243149496770550549412884901032
At 30th April 2023314949351325048637094862038
 
Net book value of assets included above held
 under finance leases and hire purchase contracts
 
At 30th April 202446327--46327
At 30th April 202361679--61679

6   Debtors20242023
££
 
Trade Debtors231750282540
231750282540

7   Creditors: amounts falling due within one year20242023
££
 
Loans and Overdrafts2727035277
Obligations under finance lease and hire purchase contracts1863724387
Trade Creditors6486933852
Corporation tax4996172061
Taxes and social security costs4585893943
Other creditors84798857
215074268377

8   Creditors: amounts falling due after one year20242023
££
 
Obligations under finance lease and hire purchase contracts2440637292
2440637292

9   Transactions with Directors

There were no transactions with Directors except as reflected in the Director's loan account for each Director. The closing balances of each account are as detailed below. Credit balances are shown without brackets. These balances are included in the figure for "Creditors and Accruals" in the accounts. Overdrawn balances are included in the figure for "Other Debtors".

20242023
££
 
Lee Martin17201850
17201850

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