REGISTERED NUMBER: 05483439 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ULTRAMAX PRODUCTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

C A Pallister

SECRETARY:

J S Mosalski

REGISTERED OFFICE:

Unit 1, Horbury Junction Industrial Park

Calder Vale Road

Horbury

Wakefield

REGISTERED NUMBER:

05483439 (England and Wales)

AUDITORS:

Fortus Audit LLP

Equinox House

Clifton Park, Shipton Road

York

Yorkshire

YO30 5PA

FIXED ASSETS

Intangible assets

4

84,360

72,358

Tangible assets

5

100,361

134,360

Investments

6

1

1

184,722

206,719

CURRENT ASSETS

Debtors

7

5,205,663

4,126,489

Cash at bank

132,235

820,733

5,337,898

4,947,222

CREDITORS

Amounts falling due within one year

8

203,658

259,938

NET CURRENT ASSETS

5,134,240

4,687,284

TOTAL ASSETS LESS CURRENT LIABILITIES

5,318,962

4,894,003

PROVISIONS FOR LIABILITIES

18,948

26,099

NET ASSETS

5,300,014

4,867,904

CAPITAL AND RESERVES

Called up share capital

101

101

Retained earnings

5,299,913

4,867,803

5,300,014

4,867,904

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 September 2025 and were signed by:

C A Pallister - Director

1.	STATUTORY INFORMATION

Ultramax Products Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

The level of rounding used in the financial statements is to the nearest £1.

Preparation of consolidated financial statements

The financial statements contain information about Ultramax Products Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Amortisation is provided on the following bases:

Patents - 20 % straight line

Tangible fixed assets

Tangible assets are initially measured at cost. After initial recognition, tangible assets are measured at cost less any accumulated depreciation and any accumulated impairment losses.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated

useful life.

Short leasehold - 20% on cost

Plant and machinery - 15% on cost

Fixture & fittings - 33% on cost

Office equipment - 33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. As a result, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

436,132

Additions

44,488

At 31 December 2024

480,620

AMORTISATION

At 1 January 2024

363,774

Charge for year

32,486

At 31 December 2024

396,260

NET BOOK VALUE

At 31 December 2024

84,360

At 31 December 2023

72,358

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

Office

leasehold

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

31,949

536,207

259,551

71,208

898,915

Additions

-

4,500

-

-

4,500

At 31 December 2024

31,949

540,707

259,551

71,208

903,415

DEPRECIATION

At 1 January 2024

31,949

437,065

229,185

66,356

764,555

Charge for year

-

21,005

14,508

2,986

38,499

At 31 December 2024

31,949

458,070

243,693

69,342

803,054

NET BOOK VALUE

At 31 December 2024

-

82,637

15,858

1,866

100,361

At 31 December 2023

-

99,142

30,366

4,852

134,360

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

1

NET BOOK VALUE

At 31 December 2024

1

At 31 December 2023

1

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by group undertakings

2,973,562

1,923,166

Other debtors

2,197,101

2,203,323

Corporation tax

35,000

-

5,205,663

4,126,489

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

6,900

-

Amounts owed to group undertakings

155,620

155,620

Corporation tax

-

87,392

VAT

32,462

-

Other creditors

3,644

3,644

Directors' current accounts

1,282

1,282

Accruals and deferred income

3,750

12,000

203,658

259,938

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Frances Howard FCA (Senior Statutory Auditor)

for and on behalf of Fortus Audit LLP

10.	RELATED PARTY DISCLOSURES

As at 31 December 2024 £2,197,101 (2023 £2,197,101) was due from entities under common control.

11.	ULTIMATE CONTROLLING PARTY

There is not considered to be an ultimate controlling party by virtue of the share holdings.