Acorah Software Products - Accounts Production 16.1.300 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 08797856 Mrs Sarah Butter Mr John Butter Mrs Sarah Butter iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08797856 2023-12-31 08797856 2024-12-31 08797856 2024-01-01 2024-12-31 08797856 frs-core:CurrentFinancialInstruments 2024-12-31 08797856 frs-core:ComputerEquipment 2024-12-31 08797856 frs-core:ComputerEquipment 2024-01-01 2024-12-31 08797856 frs-core:ComputerEquipment 2023-12-31 08797856 frs-core:FurnitureFittings 2024-12-31 08797856 frs-core:FurnitureFittings 2024-01-01 2024-12-31 08797856 frs-core:FurnitureFittings 2023-12-31 08797856 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 08797856 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 08797856 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 08797856 frs-core:PlantMachinery 2024-01-01 2024-12-31 08797856 frs-core:ShareCapital 2024-12-31 08797856 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 08797856 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08797856 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 08797856 frs-bus:SmallEntities 2024-01-01 2024-12-31 08797856 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 08797856 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 08797856 frs-bus:Director1 2024-01-01 2024-12-31 08797856 frs-bus:Director2 2024-01-01 2024-12-31 08797856 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 08797856 frs-countries:EnglandWales 2024-01-01 2024-12-31 08797856 2022-12-31 08797856 2023-12-31 08797856 2023-01-01 2023-12-31 08797856 frs-core:CurrentFinancialInstruments 2023-12-31 08797856 frs-core:ShareCapital 2023-12-31 08797856 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 08797856 frs-core:CurrentFinancialInstruments 1 2023-12-31
Registered number: 08797856
Ultrafine Industrial Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Firecrest Accountancy
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08797856
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 164,696 165,338
164,696 165,338
CURRENT ASSETS
Stocks 5 165,165 104,300
Debtors 6 130,441 98,274
Cash at bank and in hand 159,506 150,270
455,112 352,844
Creditors: Amounts Falling Due Within One Year 7 (125,040 ) (93,247 )
NET CURRENT ASSETS (LIABILITIES) 330,072 259,597
TOTAL ASSETS LESS CURRENT LIABILITIES 494,768 424,935
NET ASSETS 494,768 424,935
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 494,766 424,933
SHAREHOLDERS' FUNDS 494,768 424,935
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For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 John Butter
Director
01/04/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Ultrafine Industrial Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08797856 . The registered office is Unit 24 Webb Ellis Industrial Estate, Woodside Park, Rugby, CV21 2NP.
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. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.3. 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 Nil
Plant & Machinery 18% reducing balance
Fixtures & Fittings 33.33% straight line
Computer Equipment 33.33% straight line
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
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4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 165,107 15,330 - 180,437
Additions - - 479 479
As at 31 December 2024 165,107 15,330 479 180,916
Depreciation
As at 1 January 2024 3,835 11,264 - 15,099
Provided during the period 229 732 160 1,121
As at 31 December 2024 4,064 11,996 160 16,220
Net Book Value
As at 31 December 2024 161,043 3,334 319 164,696
As at 1 January 2024 161,272 4,066 - 165,338
Included within the net book value of land and property above is £160,000 (2023 - £160,000) in respect of freehold land and property and £1043.66 (2023 £1272.75) in respect of additions to premises.
5. Stocks
2024 2023
£ £
Materials 165,165 104,300
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 126,188 98,272
Prepayments and accrued income 4,253 -
Directors Loan Account (debt balance) - 2
130,441 98,274
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 5,298 6,592
Bank loans and overdrafts 5,431 1,892
Corporation tax 46,649 17,024
Other taxes and social security 20,667 28,431
VAT 44,681 37,094
Directors' loan accounts 2,314 2,214
125,040 93,247
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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