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Registered number: 14421850
Ultra Sports Medical Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2024
GRH Accountancy Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 14421850
30 November 2024 30 November 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 158,602 180,874
Tangible Assets 5 51,151 64,839
209,753 245,713
CURRENT ASSETS
Debtors 6 139,718 62,886
Cash at bank and in hand 27,674 29,227
167,392 92,113
Creditors: Amounts Falling Due Within One Year 7 (164,713 ) (401,284 )
NET CURRENT ASSETS (LIABILITIES) 2,679 (309,171 )
TOTAL ASSETS LESS CURRENT LIABILITIES 212,432 (63,458 )
Creditors: Amounts Falling Due After More Than One Year 8 (412,170 ) (180,490 )
NET LIABILITIES (199,738 ) (243,948 )
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account (199,739 ) (243,949 )
SHAREHOLDERS' FUNDS (199,738) (243,948)
Page 1
Page 2
For the year ending 30 November 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
Miss Tasja Botha
Director
18/08/2025
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Ultra Sports Medical Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14421850 . The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.
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.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are domain names, goodwill, customer database, sales records and trademarks. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.4. 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 20% SL
Computer Equipment 20% SL
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
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2.6. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 20 (2023: 17)
20 17
4. Intangible Assets
Other
£
Cost
As at 1 December 2023 199,915
As at 30 November 2024 199,915
Amortisation
As at 1 December 2023 19,041
Provided during the period 22,272
As at 30 November 2024 41,313
Net Book Value
As at 30 November 2024 158,602
As at 1 December 2023 180,874
5. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 December 2023 14,814 60,000 74,814
As at 30 November 2024 14,814 60,000 74,814
Depreciation
As at 1 December 2023 1,975 8,000 9,975
Provided during the period 2,963 10,725 13,688
As at 30 November 2024 4,938 18,725 23,663
Net Book Value
As at 30 November 2024 9,876 41,275 51,151
As at 1 December 2023 12,839 52,000 64,839
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6. Debtors
30 November 2024 30 November 2023
£ £
Due within one year
Trade debtors 38,913 52,253
Other debtors 100,805 10,633
139,718 62,886
7. Creditors: Amounts Falling Due Within One Year
30 November 2024 30 November 2023
£ £
Trade creditors 18,062 16,415
Bank loans and overdrafts 2,752 187
Other creditors 123,448 368,797
Taxation and social security 20,451 15,885
164,713 401,284
8. Creditors: Amounts Falling Due After More Than One Year
30 November 2024 30 November 2023
£ £
Net obligations under finance lease and hire purchase contracts 2,057 8,377
Bank loans 160,113 172,113
Directors loan account 250,000 -
412,170 180,490
9. Obligations Under Finance Leases and Hire Purchase
30 November 2024 30 November 2023
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 2,057 8,377
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10. Share Capital
30 November 2024 30 November 2023
£ £
Allotted, Called up and fully paid 1 1
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