Registered number
12439782
Ultimate Protection Ltd
Filleted Accounts
31 July 2024
Ultimate Protection Ltd
Registered number: 12439782
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 19,107 8,888
Investments 4 - 17,714
19,107 26,602
Current assets
Debtors 5 25,497 24,272
Cash at bank and in hand 123,517 107,602
149,014 131,874
Creditors: amounts falling due within one year 6 (82,309) (68,580)
Net current assets 66,705 63,294
Total assets less current liabilities 85,812 89,896
Creditors: amounts falling due after more than one year 7 (5,000) (10,190)
Provisions for liabilities (4,216) (1,689)
Net assets 76,596 78,017
Capital and reserves
Called up share capital 11 11
Profit and loss account 76,585 78,006
Shareholders' funds 76,596 78,017
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Leon Bull
Director
Approved by the board on 19 March 2025
Ultimate Protection Ltd
Notes to the Accounts
for the period from 1 March 2023 to 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% Reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 7 3
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2023 18,008
Additions 20,698
At 31 July 2024 38,706
Depreciation
At 1 March 2023 9,120
Charge for the period 10,479
At 31 July 2024 19,599
Net book value
At 31 July 2024 19,107
At 28 February 2023 8,888
4 Investments
Other
investments
£
Cost
At 1 March 2023 17,714
Additions 17,400
Disposals (35,114)
At 31 July 2024 -
5 Debtors 2024 2023
£ £
Trade debtors 22,705 24,272
Other debtors 2,792 -
25,497 24,272
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 5,000 5,669
Taxation and social security costs 42,080 19,987
Other creditors 35,229 42,924
82,309 68,580
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 5,000 10,190
8 Related party transactions
At the period end the company owed £32,329 (2023:£1,298) to Mr Leon Mark Bull, director. The loan is interest free and repayable on demand.
9 Controlling party
The company is ultimately controlled by Mr Leon Mark Bull, director, who owns 100% of the issued share capital.
10 Other information
Ultimate Protection Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Tre-Ru House
The Leats
Truro
Cornwall
TR1 3AG
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