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Registered number: 13660240
Ultronic Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
Tax Data Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13660240
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 688,057 513,793
688,057 513,793
CURRENT ASSETS
Debtors 5 5,013 6,684
Cash at bank and in hand 2,960 1,636
7,973 8,320
Creditors: Amounts Falling Due Within One Year 6 (210,698 ) (177,739 )
NET CURRENT ASSETS (LIABILITIES) (202,725 ) (169,419 )
TOTAL ASSETS LESS CURRENT LIABILITIES 485,332 344,374
Creditors: Amounts Falling Due After More Than One Year 7 (506,820 ) (356,006 )
NET LIABILITIES (21,488 ) (11,632 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (21,489 ) (11,633 )
SHAREHOLDERS' FUNDS (21,488) (11,632)
Page 1
Page 2
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 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 Kane Dharan
Director
01/03/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Ultronic Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13660240 . The registered office is 4 Marlpit Lane, Coulsdon, Surrey, England, CR5 2HA.
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. Going Concern Disclosure
Going concern.
At the time of approving the financial statements the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.
The directors continue to adopt the going concern basis of accounting in preparing financial statements
2.3. Turnover
Investment Property
The company owns non-commerical properties, which are rented out.
The properties are classified as an investment properties in accordance with accounting standard FRS 102 Section 16, as it is held to earn rental income and for capital appreciation.
Valuation:
The properties are stated at cost, and any depreciation/fair value changes are recognised in the financial statements as required by the applicable accounting framework.
Rental Income:
Rental income from the property is recognised on an accruals basis over the term of the tenancy agreements.
Expenses:
Expenses related to the property, including maintenance and utilities where applicable, are charged to the profit and loss account as incurred.
Taxation:
The rental income is subject to corporation tax in line with the company’s taxable profit.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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:
Freehold 0%
Leasehold 0%
Computer Equipment 25%
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
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4. Tangible Assets
Land & Property
Freehold Computer Equipment Total
£ £ £
Cost
As at 1 November 2023 513,680 150 513,830
Additions 173,445 1,130 174,575
As at 31 October 2024 687,125 1,280 688,405
Depreciation
As at 1 November 2023 - 37 37
Provided during the period - 311 311
As at 31 October 2024 - 348 348
Net Book Value
As at 31 October 2024 687,125 932 688,057
As at 1 November 2023 513,680 113 513,793
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 5,013 6,684
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (1 ) (1 )
Other creditors 210,699 177,740
210,698 177,739
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 506,820 356,006
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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