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REGISTERED NUMBER: 04482180 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Ultimate Building Plastics Ltd

Ultimate Building Plastics Ltd (Registered number: 04482180)

Contents of the Financial Statements
for the Year Ended 30 September 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Ultimate Building Plastics Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTOR: S Farrell



REGISTERED OFFICE: Unit E Brunel Way
Stroudwater Business Park
Stonehouse
Gloucestershire
GL10 3SW



REGISTERED NUMBER: 04482180 (England and Wales)



ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS



BANKERS: HSBC Plc
The Cross
Gloucester
GL1 2AP

Ultimate Building Plastics Ltd (Registered number: 04482180)

Statement of Financial Position
30 September 2024

30/9/24 30/9/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,831 4,073

CURRENT ASSETS
Stocks 28,716 32,815
Debtors 5 43,249 47,639
Cash at bank and in hand 158,106 106,122
230,071 186,576
CREDITORS
Amounts falling due within one year 6 167,524 133,985
NET CURRENT ASSETS 62,547 52,591
TOTAL ASSETS LESS CURRENT
LIABILITIES

65,378

56,664

PROVISIONS FOR LIABILITIES 538 918
NET ASSETS 64,840 55,746

CAPITAL AND RESERVES
Called up share capital 500 500
Retained earnings 64,340 55,246
SHAREHOLDERS' FUNDS 64,840 55,746

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Ultimate Building Plastics Ltd (Registered number: 04482180)

Statement of Financial Position - continued
30 September 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 June 2025 and were signed by:





S Farrell - Director


Ultimate Building Plastics Ltd (Registered number: 04482180)

Notes to the Financial Statements
for the Year Ended 30 September 2024


1. STATUTORY INFORMATION

Ultimate Building Plastics 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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 33% on reducing balance and 25% on reducing balance
Motor vehicles - 25% 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 Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Ultimate Building Plastics Ltd (Registered number: 04482180)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
Cost
At 1 October 2023 15,071 13,006 11,061 39,138
Disposals - (4,849 ) - (4,849 )
At 30 September 2024 15,071 8,157 11,061 34,289
Depreciation
At 1 October 2023 13,474 10,530 11,061 35,065
Charge for year 399 782 - 1,181
Eliminated on disposal - (4,788 ) - (4,788 )
At 30 September 2024 13,873 6,524 11,061 31,458
Net book value
At 30 September 2024 1,198 1,633 - 2,831
At 30 September 2023 1,597 2,476 - 4,073

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Trade debtors 39,439 43,937
Other debtors 3,810 3,702
43,249 47,639

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Trade creditors 82,591 55,860
Taxation and social security 9,083 8,188
Other creditors 75,850 69,937
167,524 133,985

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30/9/24 30/9/23
£    £   
Within one year 17,750 -
Between one and five years 10,354 -
28,104 -

Ultimate Building Plastics Ltd (Registered number: 04482180)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


8. RELATED PARTY DISCLOSURES

S Farrell
Director

The director has loaned funds to the company. At 30 September 2024, the company owed the director £66,580 (2023 - £64,580). The loan is interest free and has no fixed repayment terms.