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REGISTERED NUMBER: 15052974 (England and Wales)















Unaudited Financial Statements

for the Period 7 August 2023 to 31 August 2024

for

Ultimate Graphics Limited

Ultimate Graphics Limited (Registered number: 15052974)






Contents of the Financial Statements
for the Period 7 August 2023 to 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ultimate Graphics Limited

Company Information
for the Period 7 August 2023 to 31 August 2024







DIRECTORS: N Tinker
Mrs S Tinker
J Tinker
Miss L Bickley





REGISTERED OFFICE: c/o ABC Accounting Services
1 Willoughton Place
Wharton Close
Gainsborough
Lincolnshire
DN21 1EB





REGISTERED NUMBER: 15052974 (England and Wales)





ACCOUNTANTS: ABC Accounting Services
1 Willoughton Place
Wharton Close
Gainsborough
Lincolnshire
DN21 1EB

Ultimate Graphics Limited (Registered number: 15052974)

Balance Sheet
31 August 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 37,181

CURRENT ASSETS
Stocks 25,000
Debtors 5 23,663
Cash at bank 24,060
72,723
CREDITORS
Amounts falling due within one year 6 65,900
NET CURRENT ASSETS 6,823
TOTAL ASSETS LESS CURRENT
LIABILITIES

44,004

CREDITORS
Amounts falling due after more than one
year

7

28,199
NET ASSETS 15,805

CAPITAL AND RESERVES
Called up share capital 4
Retained earnings 15,801
15,805

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 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.

Ultimate Graphics Limited (Registered number: 15052974)

Balance Sheet - continued
31 August 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 4 March 2025 and were signed on its behalf by:




J Tinker - Director



Miss L Bickley - Director


Ultimate Graphics Limited (Registered number: 15052974)

Notes to the Financial Statements
for the Period 7 August 2023 to 31 August 2024

1. STATUTORY INFORMATION

Ultimate Graphics 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. 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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the period 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 period 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.

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.

Ultimate Graphics Limited (Registered number: 15052974)

Notes to the Financial Statements - continued
for the Period 7 August 2023 to 31 August 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
Additions 1,667 6,950 38,606 1,348 48,571
At 31 August 2024 1,667 6,950 38,606 1,348 48,571
DEPRECIATION
Charge for period 250 1,043 9,652 445 11,390
At 31 August 2024 250 1,043 9,652 445 11,390
NET BOOK VALUE
At 31 August 2024 1,417 5,907 28,954 903 37,181

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 38,606
At 31 August 2024 38,606
DEPRECIATION
Charge for period 9,652
At 31 August 2024 9,652
NET BOOK VALUE
At 31 August 2024 28,954

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 23,663

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Hire purchase contracts 4,038
Trade creditors 5,099
VAT 10,116
Directors' current accounts 46,047
Accrued expenses 600
65,900

Ultimate Graphics Limited (Registered number: 15052974)

Notes to the Financial Statements - continued
for the Period 7 August 2023 to 31 August 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Hire purchase contracts 28,199