1 November 2023 false Taxfiler 2024.6 9840972business:PrivateLimitedCompanyLtd2023-11-012024-10-31 98409722023-10-31 98409722023-11-012024-10-31 9840972business:AuditExempt-NoAccountantsReport2023-11-012024-10-31 9840972business:FilletedAccounts2023-11-012024-10-31 98409722024-10-31 9840972business:Director12023-11-012024-10-31 9840972business:Director22023-11-012024-10-31 9840972business:RegisteredOffice2023-11-012024-10-31 98409722023-10-31 9840972core:WithinOneYear2024-10-31 9840972core:WithinOneYear2023-10-31 9840972core:ShareCapitalcore:PreviouslyStatedAmount2024-10-31 9840972core:ShareCapitalcore:PreviouslyStatedAmount2023-10-31 9840972core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-10-31 9840972core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-10-31 9840972core:PreviouslyStatedAmount2024-10-31 9840972core:PreviouslyStatedAmount2023-10-31 9840972business:SmallEntities2023-11-012024-10-31 9840972countries:EnglandWales2023-11-012024-10-31 9840972core:PlantMachinery2023-11-012024-10-31 9840972core:MotorVehicles2023-11-012024-10-31 9840972core:ComputerEquipment2023-11-012024-10-31 9840972core:PlantMachinery2023-10-31 9840972core:MotorVehicles2023-10-31 9840972core:ComputerEquipment2023-10-31 9840972core:PlantMachinery2024-10-31 9840972core:MotorVehicles2024-10-31 9840972core:ComputerEquipment2024-10-31 9840972business:OrdinaryShareClass12023-11-012024-10-31 9840972business:OrdinaryShareClass12022-11-012023-10-31 98409722022-11-012023-10-31 iso4217:GBP xbrli:shares xbrli:pure
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
Page
- 2 -
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
- 3 -
ULTIMATE ONE LIMITED Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
51,850 
53,880 
Current assets
Inventories
354,244 
346,763 
Debtors
126,797 
101,910 
Cash at bank and in hand
534,473 
566,063 
1,015,514 
1,014,736 
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 
Capital and reserves
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
- 4 -
ULTIMATE ONE LIMITED Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
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.
2
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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 taxation
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.
Pension costs
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.
Financial instruments
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.
- 5 -
ULTIMATE ONE LIMITED Notes to the Accounts for the year ended 31 October 2024
Foreign exchange
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.
4
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 
Depreciation
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 
Net book value
At 31 October 2024
23,145 
27,822 
883 
51,850 
At 31 October 2023
10,618 
41,734 
1,528 
53,880 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
107,296 
82,409 
Other debtors
19,501 
19,501 
126,797 
101,910 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
40,142 
57,475 
Taxes and social security
92,353 
117,382 
Other creditors
584 
707 
Accruals
500 
500 
133,579 
176,064 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
- 6 -
ULTIMATE ONE LIMITED Notes to the Accounts for the year ended 31 October 2024
8
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
9
Controlling party
The company's ultimate controlling party is J Rowlandson by virtue of his majority ownership of the issued share capital in the company.
10
Average number of employees
During the year the average number of employees was 10 (2023: 9).
- 7 -