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REGISTERED NUMBER: 03251121 (England and Wales)







Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Ultrasyntec Limited

Ultrasyntec Limited (Registered number: 03251121)

Contents of the Financial Statements
for the Year Ended 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ultrasyntec Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: W E Hoyle
L Sunderland
H L Hoyle
J Sunderland





SECRETARY: J Sunderland





REGISTERED OFFICE: 28 Prescott Street
Halifax
HX1 2LG





REGISTERED NUMBER: 03251121 (England and Wales)





ACCOUNTANTS: Lindley Adams Limited Chartered Accountants
28 Prescott Street
Halifax
West Yorkshire
HX1 2LG

Ultrasyntec Limited (Registered number: 03251121)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 43,153 77,108

CURRENT ASSETS
Stocks 3,867 4,407
Debtors 6 301,146 197,145
Cash at bank and in hand 94,757 117,942
399,770 319,494
CREDITORS
Amounts falling due within one year 7 260,412 182,852
NET CURRENT ASSETS 139,358 136,642
TOTAL ASSETS LESS CURRENT
LIABILITIES

182,511

213,750

CREDITORS
Amounts falling due after more than one
year

8

(42,115

)

(82,331

)

PROVISIONS FOR LIABILITIES (8,049 ) (9,124 )
NET ASSETS 132,347 122,295

CAPITAL AND RESERVES
Called up share capital 460 460
Retained earnings 131,887 121,835
SHAREHOLDERS' FUNDS 132,347 122,295

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Ultrasyntec Limited (Registered number: 03251121)

Balance Sheet - continued
30 September 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 January 2025 and were signed on its behalf by:





L Sunderland - Director


Ultrasyntec Limited (Registered number: 03251121)

Notes to the Financial Statements
for the Year Ended 30 September 2024


1. STATUTORY INFORMATION

Ultrasyntec 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

Ultrasyntec Limited (Registered number: 03251121)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Government grants
Government and other grants are recognised in the financial statements when receivable.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 7 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 42,751 20,855 99,535 11,815 174,956
Additions 9,675 - - - 9,675
Disposals - - (38,995 ) - (38,995 )
At 30 September 2024 52,426 20,855 60,540 11,815 145,636
DEPRECIATION
At 1 October 2023 35,990 19,881 30,162 11,815 97,848
Charge for year 4,109 243 10,032 - 14,384
Eliminated on disposal - - (9,749 ) - (9,749 )
At 30 September 2024 40,099 20,124 30,445 11,815 102,483
NET BOOK VALUE
At 30 September 2024 12,327 731 30,095 - 43,153
At 30 September 2023 6,761 974 69,373 - 77,108

Ultrasyntec Limited (Registered number: 03251121)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 October 2023 89,240
Disposals (38,995 )
At 30 September 2024 50,245
DEPRECIATION
At 1 October 2023 22,310
Charge for year 9,421
Eliminated on disposal (9,749 )
At 30 September 2024 21,982
NET BOOK VALUE
At 30 September 2024 28,263
At 30 September 2023 66,930

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 118,077 123,364
Amounts recoverable on contract 95,000 66,523
Directors' loan accounts 83,231 -
VAT - 1,334
Prepayments 4,838 5,924
301,146 197,145

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 10,000 11,882
Hire purchase contracts (see note 9) 9,144 13,029
Trade creditors 109,028 110,114
Tax 54,963 34,602
Social security and other taxes 3,008 3,005
VAT 34,121 -
Pension scheme 420 488
Directors' loan accounts - 202
Accrued expenses 39,728 9,530
260,412 182,852

Ultrasyntec Limited (Registered number: 03251121)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 1,667 11,667
Hire purchase contracts (see note 9) 30,448 60,664
42,115 82,331

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.9.24 30.9.23
£    £   
Gross obligations repayable:
Within one year 13,472 21,086
Between one and five years 35,824 74,686
49,296 95,772

Finance charges repayable:
Within one year 4,328 8,057
Between one and five years 5,376 14,022
9,704 22,079

Net obligations repayable:
Within one year 9,144 13,029
Between one and five years 30,448 60,664
39,592 73,693

Non-cancellable operating leases
30.9.24 30.9.23
£    £   
Within one year 6,707 6,707
Between one and five years 11,178 17,886
17,885 24,593

10. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Hire purchase contracts 39,592 73,693

Ultrasyntec Limited (Registered number: 03251121)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

30.9.24 30.9.23
£    £   
W E Hoyle and H L Hoyle
Balance outstanding at start of year - -
Amounts advanced 41,615 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 41,615 -

L Sunderland and J Sunderland
Balance outstanding at start of year - -
Amounts advanced 41,615 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 41,615 -

All directors loans are repayable on demand. Interest has been charged at 2/2.25% pa.