Caseware UK (AP4) 2024.0.164 2024.0.164 2025-01-31 2025-01-31 false 6 false 2024-02-01 No description of principal activity 6 true true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09411812 2024-02-01 2025-01-31 09411812 2023-02-01 2024-01-31 09411812 2025-01-31 09411812 2024-01-31 09411812 c:Director4 2024-02-01 2025-01-31 09411812 d:PlantMachinery 2024-02-01 2025-01-31 09411812 d:PlantMachinery 2025-01-31 09411812 d:PlantMachinery 2024-01-31 09411812 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 09411812 d:MotorVehicles 2024-02-01 2025-01-31 09411812 d:MotorVehicles 2025-01-31 09411812 d:MotorVehicles 2024-01-31 09411812 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 09411812 d:FurnitureFittings 2024-02-01 2025-01-31 09411812 d:FurnitureFittings 2025-01-31 09411812 d:FurnitureFittings 2024-01-31 09411812 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 09411812 d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 09411812 d:CurrentFinancialInstruments 2025-01-31 09411812 d:CurrentFinancialInstruments 2024-01-31 09411812 d:Non-currentFinancialInstruments 2025-01-31 09411812 d:Non-currentFinancialInstruments 2024-01-31 09411812 d:CurrentFinancialInstruments d:WithinOneYear 2025-01-31 09411812 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 09411812 d:Non-currentFinancialInstruments d:AfterOneYear 2025-01-31 09411812 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 09411812 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2025-01-31 09411812 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-01-31 09411812 d:ShareCapital 2025-01-31 09411812 d:ShareCapital 2024-01-31 09411812 d:RetainedEarningsAccumulatedLosses 2025-01-31 09411812 d:RetainedEarningsAccumulatedLosses 2024-01-31 09411812 c:OrdinaryShareClass1 2024-02-01 2025-01-31 09411812 c:OrdinaryShareClass1 2025-01-31 09411812 c:OrdinaryShareClass1 2024-01-31 09411812 c:OrdinaryShareClass2 2024-02-01 2025-01-31 09411812 c:OrdinaryShareClass2 2025-01-31 09411812 c:OrdinaryShareClass2 2024-01-31 09411812 c:FRS102 2024-02-01 2025-01-31 09411812 c:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 09411812 c:FullAccounts 2024-02-01 2025-01-31 09411812 c:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 09411812 d:HirePurchaseContracts d:WithinOneYear 2025-01-31 09411812 d:HirePurchaseContracts d:WithinOneYear 2024-01-31 09411812 d:HirePurchaseContracts d:BetweenOneFiveYears 2025-01-31 09411812 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-01-31 09411812 d:AcceleratedTaxDepreciationDeferredTax 2025-01-31 09411812 d:AcceleratedTaxDepreciationDeferredTax 2024-01-31 09411812 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2025-01-31 09411812 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-01-31 09411812 d:LeasedAssetsHeldAsLessee 2025-01-31 09411812 d:LeasedAssetsHeldAsLessee 2024-01-31 09411812 e:PoundSterling 2024-02-01 2025-01-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09411812 ULTRA LOGIK LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 JANUARY 2025
ULTRA LOGIK LIMITED CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ULTRA LOGIK LIMITED FOR THE YEAR ENDED 31 JANUARY 2025 In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ultra Logik Limited for the year ended 31 January 2025 which comprise the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation. This report is made solely to the Board of directors of Ultra Logik Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Ultra Logik Limited and state those matters that we have agreed to state to the Board of directors of Ultra Logik Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ultra Logik Limited and its Board of directors, as a body, for our work or for this report. It is your duty to ensure that Ultra Logik Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ultra Logik Limited. You consider that Ultra Logik Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or review of the financial statements of Ultra Logik Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. MWS Chartered Accountants 4 Chester Court Chester Hall Lane Basildon Essex SS14 3WR 2 September 2025 Page 1
ULTRA LOGIK LIMITED REGISTERED NUMBER: 09411812 BALANCE SHEET AS AT 31 JANUARY 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 97,979 |  | 62,026
|  |  | 97,979 |  | 62,026
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 5 | 600,505 |  | 448,035 |
Cash at bank and in hand | 6 | 108,521 |  | 120,136 |
|  | 709,026 |  | 568,171 |
Creditors: amounts falling due within one year | 7 | (381,030) |  | (340,939) |
Net current assets |  |  | 327,996 |  | 227,232
Total assets less current liabilities |  |  | 425,975 |  | 289,258
Creditors: amounts falling due after more than one year | 8 |  | (39,131) |  | (25,903)
Provisions for liabilities |  |  |  |  |
Deferred tax | 11 | (24,494) |  | (15,508) |
|  |  | (24,494) |  | (15,508)
Net assets |  |  | 362,350 |  | 247,847
Capital and reserves |  |  |  |  |
Called up share capital | 12 |  | 7 |  | 7
Profit and loss account |  |  | 362,343 |  | 247,840
|  |  | 362,350 |  | 247,847
Page 2
ULTRA LOGIK LIMITED REGISTERED NUMBER: 09411812 BALANCE SHEET (CONTINUED) AS AT 31 JANUARY 2025 The directors consider 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 directors acknowledge their 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 statement of income and retained earnings 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 on 2 September 2025.
N Eakins
Director
The notes on pages 4 to 11 form part of these financial statements. Page 3
ULTRA LOGIK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025
1. | General information
Ultra Logik Limited is a limited company incorporated in England and Wales. The Registered Office is 4 Chester Court, Chester Hall Lane, Basildon, Essex, SS13 3WR. The registered number is 09411812. 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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The following principal accounting policies have been applied:
| 2.2 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably.
| 2.3 | Operating leases: the Company as lessee
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.
| 2.4 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.5 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred. Page 4
ULTRA LOGIK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025 2.Accounting policies (continued)
| 2.6 | 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.
| 2.7 | 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 income 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.
| 2.8 | 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. Page 5
ULTRA LOGIK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025 2.Accounting policies (continued)
| 2.8 | Tangible fixed assets (continued)
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:
|  |  |  | Plant and machinery | - | Straight line over 4 years
|  |  |  | Motor vehicles | - | 25% Reducing Balance
|  |  |  | Fixtures, fittings and 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.
| 2.9 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.10 | 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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.11 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
| 2.12 | Provisions for liabilities
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Increases in provisions are generally charged as an expense to profit or loss.
| 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. Page 6
ULTRA LOGIK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025
3. | Employees
| The average monthly number of employees, including directors, during the year was 6 (2024 - 6).
4. | Tangible fixed assets
|  | Plant and machinery | Motor vehicles | Fixtures, fittings and equipment | Total
|  | £ | £ | £ | £
| Cost or valuation |  |  |  |
| At 1 February 2024 | 38,626 | - | 59,527 | 98,153
| Additions | - | 53,898 | 4,132 | 58,030
| At 31 January 2025 | 38,626 | 53,898 | 63,659 | 156,183
| Depreciation |  |  |  |
| At 1 February 2024 | 6,868 | - | 29,259 | 36,127
| Charge for the year on owned assets | 9,657 | 4,581 | 7,839 | 22,077
| At 31 January 2025 | 16,525 | 4,581 | 37,098 | 58,204
| Net book value |  |  |  |
| At 31 January 2025 | 22,101 | 49,317 | 26,561 | 97,979
| At 31 January 2024 | 31,758 | - | 30,268 | 62,026
| The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Motor vehicles | 23,354 | -
|  | 23,354 | -
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 528,021 | 380,172
| Other debtors | 64,754 | 60,763
| Prepayments and accrued income | 7,730 | 7,100
Page 7
ULTRA LOGIK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025 5.Debtors (continued)
|  | 600,505 | 448,035
6. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 108,521 | 120,136
|  | 108,521 | 120,136
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 5,724 | 10,000
| Trade creditors | 277,608 | 257,726
| Corporation tax | 75,512 | 65,592
| Other taxation and social security | 9,152 | -
| Obligations under finance lease and hire purchase contracts | 9,027 | 3,959
| Other creditors | 12 | 12
| Accruals and deferred income | 3,995 | 3,650
|  | 381,030 | 340,939
| Net obligations under hire purchase contracts are secured over the relevant assets.
Page 8
ULTRA LOGIK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025
8. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 24,803 | 22,500
| Net obligations under finance leases and hire purchase contracts | 14,328 | 3,403
|  | 39,131 | 25,903
| The following liabilities were secured:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Hire purchase | 23,355 | 7,362
|  | 23,355 | 7,362
| Details of security provided:
Net obligations under hire purchase contracts are secured over the relevant assets.
9. | Loans
| Analysis of the maturity of loans is given below:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts falling due within one year |  |
| Bank loans | 5,724 | 10,000
|  | 5,724 | 10,000
| Amounts falling due 2-5 years |  |
| Bank loans | 24,803 | 22,500
|  | 24,803 | 22,500
|  | 30,527 | 32,500
Page 9
ULTRA LOGIK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025
10. | Hire purchase and finance leases
| Minimum lease payments under hire purchase fall due as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Within one year | 9,027 | 3,959
| Between 1-5 years | 14,328 | 3,403
|  | 23,355 | 7,362
11. | Deferred taxation
|  | 2025
|  | £
| At beginning of year | 15,507
| Charged to profit or loss | 8,987
| At end of year | 24,494
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Accelerated capital allowances | 24,495 | 15,507
|  | 24,495 | 15,507
12. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 6 (2024 - 6) Ordinary shares of £1.00 each | 6 | 6
|  | 1 (2024 - 1) A Ordinary share of £1.00 | 1 | 1
|  |  | 7 | 7
Page 10
ULTRA LOGIK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025 12.Share capital (continued)
| The varying rights attaching to the different classes of shares are as follows: As Regards Voting (1) The holders of the Ordinary Shares shall be entitled to receive notice of and to attend any General Meeting of the Company and shall be entitled to one vote for every Ordinary Share held. (2) The holders of the A Ordinary Shares shall not be entitled to receive notice of or to attend any General Meeting of the Company and shall not be entitled to any voting rights whatsoever. As Regards Income (3) The Ordinary Shares and A Ordinary Shares shall be entitled to varying and seperate rights to dividends as declared by the Company from time to time. As Regards Capital (4) On a winding up or a reduction of capital involving a return of capital the assets of the Company shall be applied first in repaying to the holders of the Ordinary Shares and the A Ordinary Shares, the capital paid up or credited as paid thereon and the balance of the assets of the Company shall belong to and be distributed among the holders of the Ordinary Shares rateably according to the amounts paid upon such shares and the holders of the A Ordinary Shares shall not be entitled to any further or other participation in the profits or assets of the Company.
13. | Pension commitments
The Company operates a defined contributions pension scheme. The assets of the scheme are held separately 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 £1,549 (2024 £1,053). Contributions totalling nil (2024 nil) were payable to the fund at the balance sheet date and are included in creditors.
14. | Related party transactions
| During the year the company paid dividends on Ordinary Shares to S. Barnes £34,675 (2024 £74,870) and N. Eakins £34,675 (2024 £74,870).
Page 11