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REGISTERED NUMBER: 14167212 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024

FOR

ULTIMATE SPRAYING & PAINTING SERVICES
LTD

ULTIMATE SPRAYING & PAINTING SERVICES
LTD (REGISTERED NUMBER: 14167212)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ULTIMATE SPRAYING & PAINTING SERVICES
LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2024







DIRECTOR: J Kirk





SECRETARY: J Heeley





REGISTERED OFFICE: 36-40 Doncaster Road
Barnsley
South Yorkshire
S70 1TL





REGISTERED NUMBER: 14167212 (England and Wales)





ACCOUNTANTS: Seaman Herbert & Co
36 - 40 Doncaster Road
Barnsley
South Yorkshire
S70 1TL

ULTIMATE SPRAYING & PAINTING SERVICES
LTD (REGISTERED NUMBER: 14167212)

BALANCE SHEET
30TH JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,800 10,620

CURRENT ASSETS
Stocks 5 600 300
Debtors 6 8,060 182
Cash at bank 8,173 180
16,833 662
CREDITORS
Amounts falling due within one year 7 19,874 9,033
NET CURRENT LIABILITIES (3,041 ) (8,371 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,759

2,249

CREDITORS
Amounts falling due after more than one
year

8

(11,862

)

-

PROVISIONS FOR LIABILITIES 11 (3,572 ) (2,018 )
NET ASSETS 325 231

CAPITAL AND RESERVES
Called up share capital 12 1 1
Retained earnings 324 230
SHAREHOLDERS' FUNDS 325 231

ULTIMATE SPRAYING & PAINTING SERVICES
LTD (REGISTERED NUMBER: 14167212)

BALANCE SHEET - continued
30TH JUNE 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Profit and Loss Account and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 24th March 2025 and were signed by:





J Kirk - Director


ULTIMATE SPRAYING & PAINTING SERVICES
LTD (REGISTERED NUMBER: 14167212)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024

1. STATUTORY INFORMATION

Ultimate Spraying & Painting Services Ltd 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.
Motor vehicles - 20% on reducing balance

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 Profit and Loss Account and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

ULTIMATE SPRAYING & PAINTING SERVICES
LTD (REGISTERED NUMBER: 14167212)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1st July 2023 11,800
Additions 12,000
Disposals (1,800 )
At 30th June 2024 22,000
DEPRECIATION
At 1st July 2023 1,180
Charge for year 2,200
Eliminated on disposal (180 )
At 30th June 2024 3,200
NET BOOK VALUE
At 30th June 2024 18,800
At 30th June 2023 10,620

Included in the net book value of tangible fixed assets held at 30th June 2024 was £11600 in respect of assets held under finance leases and hire purchase contracts.

5. STOCKS
2024 2023
£    £   
Stocks 600 300

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,560 -
Other debtors 500 182
8,060 182

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 2,444 -
Hire purchase contracts 2,038 -
Tax 4,578 2,540
Social security and other taxes 2,191 1,095
VAT 5,985 -
Directors' current accounts 942 3,500
Accrued expenses 1,696 1,898
19,874 9,033

ULTIMATE SPRAYING & PAINTING SERVICES
LTD (REGISTERED NUMBER: 14167212)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 11,862 -

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 2,444 -

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 13,900 -

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 3,572 2,018

Deferred
tax
£   
Balance at 1st July 2023 2,018
Provided during year 1,554
Balance at 30th June 2024 3,572

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

13. ULTIMATE CONTROLLING PARTY

The director holds a 100% controlling interest in the issued share capital.