Company Registration No. 9840972 (England and Wales)
ULTIMATE ONE LIMITED
Unaudited accounts
for the year ended 31 October 2024
ULTIMATE ONE LIMITED
Unaudited accounts
Contents
ULTIMATE ONE LIMITED
Company Information
for the year ended 31 October 2024
Directors
Mr James Rowlandson
Mr Gary Pooley
Company Number
9840972 (England and Wales)
Registered Office
49 Landscape View
Saffron Walden
Essex
CB11 4AT
ULTIMATE ONE LIMITED
Statement of financial position
as at 31 October 2024
Tangible assets
51,850
53,880
Inventories
354,244
346,763
Cash at bank and in hand
534,473
566,063
Creditors: amounts falling due within one year
(133,579)
(176,064)
Net current assets
881,935
838,672
Total assets less current liabilities
933,785
892,552
Provisions for liabilities
Deferred tax
(12,963)
(13,470)
Net assets
920,822
879,082
Called up share capital
100
100
Profit and loss account
920,722
878,982
Shareholders' funds
920,822
879,082
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 January 2025 and were signed on its behalf by
Mr James Rowlandson
Director
Company Registration No. 9840972
ULTIMATE ONE LIMITED
Notes to the Accounts
for the year ended 31 October 2024
ULTIMATE ONE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 9840972. The registered office is 49 Landscape View, Saffron Walden, Essex, CB11 4AT.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% per annum straight line
Motor vehicles
25% per annum straight line
Computer equipment
25% per annum straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
ULTIMATE ONE LIMITED
Notes to the Accounts
for the year ended 31 October 2024
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2023
20,212
55,646
8,539
84,397
Additions
22,442
-
-
22,442
At 31 October 2024
42,654
55,646
8,539
106,839
At 1 November 2023
9,594
13,912
7,011
30,517
Charge for the year
9,915
13,912
645
24,472
At 31 October 2024
19,509
27,824
7,656
54,989
At 31 October 2024
23,145
27,822
883
51,850
At 31 October 2023
10,618
41,734
1,528
53,880
Amounts falling due within one year
Trade debtors
107,296
82,409
Other debtors
19,501
19,501
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
40,142
57,475
Taxes and social security
92,353
117,382
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
ULTIMATE ONE LIMITED
Notes to the Accounts
for the year ended 31 October 2024
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Transactions with related parties
During the year, the directors charged the company the following amounts:
Ignyte Digital Limited - £114,000 (2023 - £72,000) for Marketing and Order processing - J Rowlandson is a director of this company
Steele Media Limited - £38,000 (2023 - £24,000) for Website Development services - G Pooley is a director of this company
The company's ultimate controlling party is J Rowlandson by virtue of his majority ownership of the issued share capital in the company.
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Average number of employees
During the year the average number of employees was 10 (2023: 9).