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Company Registration No. 04576913 (England and Wales)
ULTIMATE IN CAR LIMITED Unaudited accounts for the year ended 31 December 2024
ULTIMATE IN CAR LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
ULTIMATE IN CAR LIMITED Company Information for the year ended 31 December 2024
Director
Michael Hooper
Company Number
04576913 (England and Wales)
Registered Office
181 LYNDHURST ROAD ASHURST SOUTHAMPTON SO40 7AR
Accountants
CASA Accountancy & Bookkeeping Ltd 17 Lipizzaner Fields Whiteley Fareham Hampshire PO15 7BH
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ULTIMATE IN CAR LIMITED Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
49,025 
53,512 
Current assets
Inventories
2,000 
4,700 
Debtors
5
4,376 
6,277 
Cash at bank and in hand
828 
215 
7,204 
11,192 
Creditors: amounts falling due within one year
6
(41,199)
(21,696)
Net current liabilities
(33,995)
(10,504)
Total assets less current liabilities
15,030 
43,008 
Creditors: amounts falling due after more than one year
7
(21,217)
(31,217)
Net (liabilities)/assets
(6,187)
11,791 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(6,188)
11,790 
Shareholders' funds
(6,187)
11,791 
For the year ending 31 December 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 September 2025 and were signed on its behalf by
Michael Hooper Director Company Registration No. 04576913
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ULTIMATE IN CAR LIMITED Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
ULTIMATE IN CAR LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04576913. The registered office is 181 LYNDHURST ROAD, ASHURST, SOUTHAMPTON, SO40 7AR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
15% depreciation
Plant & machinery
15% depreciation
Motor vehicles
15% depreciation
Fixtures & fittings
15% depreciation
Computer equipment
15% depreciation
Other tangible fixed assets
15% depreciation
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 January 2024
69,303 
6,345 
67,906 
13,636 
3,421 
160,611 
Additions
- 
- 
- 
- 
915 
915 
At 31 December 2024
69,303 
6,345 
67,906 
13,636 
4,336 
161,526 
Depreciation
At 1 January 2024
69,303 
3,755 
17,906 
13,636 
2,499 
107,099 
Charge for the year
- 
501 
3,750 
- 
1,151 
5,402 
At 31 December 2024
69,303 
4,256 
21,656 
13,636 
3,650 
112,501 
Net book value
At 31 December 2024
- 
2,089 
46,250 
- 
686 
49,025 
At 31 December 2023
- 
2,590 
50,000 
- 
922 
53,512 
- 5 -
ULTIMATE IN CAR LIMITED Notes to the Accounts for the year ended 31 December 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
4,376 
6,277 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
1,363 
2,752 
Loans from directors
38,056 
17,944 
Accruals
1,780 
1,000 
41,199 
21,696 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
14,167 
24,167 
Other creditors
7,050 
7,050 
21,217 
31,217 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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