Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-312025-05-082023-09-01false14falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02637252 2023-09-01 2024-08-31 02637252 2022-09-01 2023-08-31 02637252 2024-08-31 02637252 2023-08-31 02637252 c:Director1 2023-09-01 2024-08-31 02637252 d:FurnitureFittings 2023-09-01 2024-08-31 02637252 d:FurnitureFittings 2024-08-31 02637252 d:FurnitureFittings 2023-08-31 02637252 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 02637252 d:OfficeEquipment 2023-09-01 2024-08-31 02637252 d:OfficeEquipment 2024-08-31 02637252 d:OfficeEquipment 2023-08-31 02637252 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 02637252 d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 02637252 d:CurrentFinancialInstruments 2024-08-31 02637252 d:CurrentFinancialInstruments 2023-08-31 02637252 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 02637252 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 02637252 d:ShareCapital 2024-08-31 02637252 d:ShareCapital 2023-08-31 02637252 d:SharePremium 2024-08-31 02637252 d:SharePremium 2023-08-31 02637252 d:RetainedEarningsAccumulatedLosses 2024-08-31 02637252 d:RetainedEarningsAccumulatedLosses 2023-08-31 02637252 c:OrdinaryShareClass1 2023-09-01 2024-08-31 02637252 c:OrdinaryShareClass1 2024-08-31 02637252 c:FRS102 2023-09-01 2024-08-31 02637252 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 02637252 c:FullAccounts 2023-09-01 2024-08-31 02637252 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 02637252 2 2023-09-01 2024-08-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 02637252














ULTERIOR LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

 
ULTERIOR LIMITED
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 8

 
ULTERIOR LIMITED
REGISTERED NUMBER:02637252

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
7,260
7,634

  
7,260
7,634

Current assets
  

Stock and work in progress
 5 
52,026
-

Debtors: amounts falling due within one year
 6 
499,283
462,947

Cash at bank and in hand
 7 
246,195
211,190

  
797,504
674,137

Creditors: amounts falling due within one year
 8 
(535,661)
(335,457)

Net current assets
  
 
 
261,843
 
 
338,680

Total assets less current liabilities
  
269,103
346,314

Provisions for liabilities
  

Deferred tax
 9 
(1,317)
(1,799)

  
 
 
(1,317)
 
 
(1,799)

Net assets
  
267,786
344,515


Capital and reserves
  

Called up share capital 
 10 
111
111

Share premium account
  
12,644
12,644

Profit and loss account
  
255,031
331,760

  
267,786
344,515

1

 
ULTERIOR LIMITED
REGISTERED NUMBER:02637252
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




G J Alderman
Director

Date: 8 May 2025

The notes on pages 3 to 8 form part of these financial statements.
2

 
ULTERIOR LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

Ulterior Limited is a private company, limited by shares, registered in England and Wales, registration number 02637252. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE and the trading address is South Lodge Ravensbourne, Westerham Road, Bromley, Keston, BR2 6HE.

The principal activity of the company continued to be that of supply of promotional merchandise and corporate events organiser.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The company's functional and presentational currency is pound sterling. 

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover comprises revenue recognised by the company from  supply of promotional merchandise and organising corporate events. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the company in independently administered funds.

3

 
ULTERIOR LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
reducing balance
Office equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Stock and work in progress

Work in progress represents the cost related to future events which include attributable overheads. These costs are transferred to the profit and loss account as the events take place. This method ensures that the costs are matched with the related revenue, providing a true and fair view of the company’s financial performance.


4

 
ULTERIOR LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. 

 
2.9

 Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.10

 Creditors

Short-term creditors are measured at the transaction price.

 
2.11

 Provisions for liabilities

Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

 
2.12

 Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from third parties and loans to related parties. 

 
2.13

 Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including the director, during the year was 4 (2023 - 4).

5

 
ULTERIOR LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 September 2023
5,103
17,611
22,714


Additions
-
2,045
2,045



At 31 August 2024

5,103
19,656
24,759



Depreciation


At 1 September 2023
3,004
12,075
15,079


Charge for the year on owned assets
524
1,896
2,420



At 31 August 2024

3,528
13,971
17,499



Net book value



At 31 August 2024
1,575
5,685
7,260



At 31 August 2023
2,099
5,535
7,634


5.


Stock and work in progress

2024
2023
£
£

Work in progress
52,026
-



6.


Debtors

2024
2023
£
£


Trade debtors
218,235
205,009

Other debtors
4,446
6,727

Prepayments and accrued income
276,602
251,211

499,283
462,947


6

 
ULTERIOR LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
246,195
211,190



8.


Creditors: amounts falling due within one year

2024
2023
£
£

Trade creditors
3,145
4,318

Corporation tax
100
-

Other taxation and social security
1,935
7,565

Other creditors
4,995
18,321

Accruals and deferred income
525,486
305,253

535,661
335,457



9.


Deferred taxation




2024
2023


£

£






At beginning of year
(1,799)
(2,113)


Charged to profit or loss
482
314



At end of year
(1,317)
(1,799)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
1,317
1,799


10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



11,112 Ordinary shares of £0.01 each
111
111


7

 
ULTERIOR LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

11.


Pension commitments

The company operates a defined contribution scheme. The assets of the scheme are held seperately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £9,477 (2023 - £36,378). 


12.


Commitments under operating leases

The company had no commitments under non-cancellable operating leases at the balance sheet date.


13.


Related party transactions

Included within other creditors is an amount of £285 (2023 - £15,596) owed to the director of the company. During the year, the director was paid a dividend of £62,950 (2023 - £62,950).

 
8