Registered number
09258400
Ultra Pro Limited
Unaudited Filleted Accounts
31 October 2024
Ultra Pro Limited
Registered number: 09258400
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 75,609 59,462
Current assets
Debtors 4 2,284 1,347
Cash at bank and in hand 13,250 23,953
15,534 25,300
Creditors: amounts falling due within one year 5 (61,410) (56,650)
Net current liabilities (45,876) (31,350)
Total assets less current liabilities 29,733 28,112
Creditors: amounts falling due after more than one year 6 (8,555) (24,218)
Net assets 21,178 3,894
Capital and reserves
Called up share capital 100 100
Profit and loss account 21,078 3,794
Shareholders' funds 21,178 3,894
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.
Stuart Kitchen
Director
Approved by the board on 25 March 2025
Ultra Pro Limited
Notes to the Accounts
for the year ended 31 October 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.
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 10% Straight Line
Equipment 20% Straight Line
Fixtures and Fittings 10% Straight Line
Motor Vehicles 18% 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.
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 8 8
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 November 2023 31,528 87,120 118,648
Additions 2,062 32,057 34,119
Disposals - (1,797) (1,797)
At 31 October 2024 33,590 117,380 150,970
Depreciation
At 1 November 2023 22,041 37,145 59,186
Charge for the year 2,716 11,889 14,605
On disposals - 1,570 1,570
At 31 October 2024 24,757 50,604 75,361
Net book value
At 31 October 2024 8,833 66,776 75,609
At 31 October 2023 9,487 49,975 59,462
4 Debtors 2024 2023
£ £
Trade debtors 1,060 1,080
Other debtors 1,224 267
2,284 1,347
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 15,328 16,834
Obligations under finance lease and hire purchase contracts 17,545 9,100
Trade creditors 2,995 2,538
Taxation and social security costs 17,341 20,233
Other creditors 8,201 7,945
61,410 56,650
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 8,180 18,279
Obligations under finance lease and hire purchase contracts 375 5,939
8,555 24,218
7 Other information
Ultra Pro Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 10 Inward Way
Ellesmere Port
Cheshire
CH65 3EY
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