Acorah Software Products - Accounts Production 16.3.350 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 10958361 Karl Needham iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10958361 2023-09-30 10958361 2024-09-30 10958361 2023-10-01 2024-09-30 10958361 frs-core:CurrentFinancialInstruments 2024-09-30 10958361 frs-core:ComputerEquipment 2024-09-30 10958361 frs-core:ComputerEquipment 2023-10-01 2024-09-30 10958361 frs-core:ComputerEquipment 2023-09-30 10958361 frs-core:FurnitureFittings 2024-09-30 10958361 frs-core:FurnitureFittings 2023-10-01 2024-09-30 10958361 frs-core:FurnitureFittings 2023-09-30 10958361 frs-core:PlantMachinery 2024-09-30 10958361 frs-core:PlantMachinery 2023-10-01 2024-09-30 10958361 frs-core:PlantMachinery 2023-09-30 10958361 frs-core:ShareCapital 2024-09-30 10958361 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 10958361 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 10958361 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 10958361 frs-bus:SmallEntities 2023-10-01 2024-09-30 10958361 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 10958361 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 10958361 frs-bus:Director1 2023-10-01 2024-09-30 10958361 frs-countries:EnglandWales 2023-10-01 2024-09-30 10958361 2022-09-30 10958361 2023-09-30 10958361 2022-10-01 2023-09-30 10958361 frs-core:CurrentFinancialInstruments 2023-09-30 10958361 frs-core:ShareCapital 2023-09-30 10958361 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 10958361
Ultima Cars Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Lewis's
Windsor House
44 High Road, Balby
Doncaster
South Yorkshire
DN4 0PL
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10958361
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 1,068
- 1,068
CURRENT ASSETS
Stocks 5 14,500 20,600
Debtors 6 194 47,248
Cash at bank and in hand 41,359 1,525
56,053 69,373
Creditors: Amounts Falling Due Within One Year 7 (15,544 ) (6,364 )
NET CURRENT ASSETS (LIABILITIES) 40,509 63,009
TOTAL ASSETS LESS CURRENT LIABILITIES 40,509 64,077
NET ASSETS 40,509 64,077
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 40,508 64,076
SHAREHOLDERS' FUNDS 40,509 64,077
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For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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
Karl Needham
Director
16/06/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Ultima Cars Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10958361 . The registered office is Wheatley Hall Business Centre, Wheatley Hall Road, Doncaster, DN2 4LP.
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. 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:
Plant & Machinery 33% On Cost
Fixtures & Fittings 33% On Cost
Computer Equipment 33% On Cost
2.3. 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. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 2)
1 2
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4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 October 2023 7,537 1,102 748 9,387
As at 30 September 2024 7,537 1,102 748 9,387
Depreciation
As at 1 October 2023 6,483 1,102 734 8,319
Provided during the period 1,054 - 14 1,068
As at 30 September 2024 7,537 1,102 748 9,387
Net Book Value
As at 30 September 2024 - - - -
As at 1 October 2023 1,054 - 14 1,068
5. Stocks
2024 2023
£ £
Stock 14,500 20,600
6. Debtors
2024 2023
£ £
Due within one year
Other taxes and social security 194 -
Director's loan account - 47,248
194 47,248
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts - 2,667
VAT 590 591
Other creditors - 2,096
Accruals and deferred income 1,010 1,010
Director's loan account 13,944 -
15,544 6,364
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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