Ultra Plumbing Limited - Filleted accounts

Registered number

06760389

Ultra Plumbing Limited

Filleted Accounts

31 December 2024

Ultra Plumbing Limited
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	25%
	Fixtures, fittings, tools and equipment	over 3 years
	Motor vechicles	20%
	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees			2024		2023
Number					Number

	Average number of persons employed by the company			23		22


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 January 2024	249,388		212,478		461,866
	Additions	110,902		12,700		123,602
	Disposals	(12,200)		-		(12,200)
	At 31 December 2024	348,090		225,178		573,268

	Depreciation
	At 1 January 2024	169,633		42,496		212,129
	Charge for the year	50,753		36,536		87,289
	On disposals	(10,613)		-		(10,613)
	At 31 December 2024	209,773		79,032		288,805

	Net book value
	At 31 December 2024	138,317		146,146		284,463
	At 31 December 2023	79,755		169,982		249,737


4	Debtors			2024		2023
£					£

	Trade debtors			868,531		620,148
	Other debtors			404,833		291,544
				1,273,364		911,692

	Amounts due after more than one year included above			85,830		90,618


5	Creditors: amounts falling due within one year			2024		2023
£					£

	Bank loans and overdrafts			202,068		13,711
	Obligations under finance lease and hire purchase contracts			151,421		28,946
	Trade creditors			442,872		561,891
	Amounts owed to group undertakings and undertakings in which the company has a participating interest			65,000		235,000
	Taxation and social security costs			185,807		158,037
	Other creditors			86,139		78,284
				1,133,307		1,075,869

	Amounts owed to group undertakings is secured by a fixed and floating charge registered .
	in March 2019.
6	Creditors: amounts falling due after one year			2024		2023
£					£

	Bank loans			3,633		13,689
	Obligations under finance lease and hire purchase contracts			19,466		125,670
	Amounts owed to group undertakings and undertakings in which the company has a participating interest			400,000		315,000
				423,099		454,359


7	Other financial commitments			2024		2023
£					£

	Total future minimum payments under non-cancellable operating leases			12,070		2,464


8	Controlling party
	The company is wholly owned by the James Investment Group whose registered office is
	Unit 5 Centech Park Redditch Worcestershire B98 9NR


9	Other information

	Ultra Plumbing Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 5
	Centech Park
	Redditch
	B98 9NR

Ultra Plumbing Limited
Registered number:		06760389
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		284,463			249,737

Current assets
Stocks		31,666			27,455
Debtors	4	1,273,364			911,692
Cash at bank and in hand		615,807			690,154
		1,920,837			1,629,301

Creditors: amounts falling due within one year	5	(1,133,307)			(1,075,869)

Net current assets			787,530			553,432

Total assets less current liabilities			1,071,993			803,169

Creditors: amounts falling due after more than one year	6		(423,099)			(454,359)

Provisions for liabilities			(68,139)			(62,435)


Net assets			580,755			286,375

Capital and reserves
Called up share capital			132			132
Profit and loss account			580,623			286,243

Shareholders' funds			580,755			286,375

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.

P J Morris
Director
Approved by the board on 4 September 2025