REGISTERED NUMBER: 07725580 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

Ultra Endurance Series Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P J Hayday-Brown

A A Stewart

S D Davies

K King

REGISTERED OFFICE:

68 West Street

Worsborough

Barnsley

Yorkshire

S70 5DJ

REGISTERED NUMBER:

07725580 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

Park House

37 Clarence Street

Leicester

Leicestershire

LE1 3RW

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

57,152

63,428

57,152

63,428

CURRENT ASSETS

Stocks

5,924

3,242

Debtors

6

358,715

101,266

Cash at bank

34,236

33,144

398,875

137,652

CREDITORS

Amounts falling due within one year

7

(378,526

)

(137,958

)

NET CURRENT ASSETS/(LIABILITIES)

20,349

(306

)

TOTAL ASSETS LESS CURRENT LIABILITIES

77,501

63,122

CREDITORS

Amounts falling due after more than one year

8

(28,745

)

(40,834

)

PROVISIONS FOR LIABILITIES

(12,729

)

(9,765

)

NET ASSETS

36,027

12,523

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

35,927

12,423

36,027

12,523

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Board of Directors and authorised for issue on 8 October 2025 and were signed on its behalf by:

A A Stewart - Director

1.	STATUTORY INFORMATION

Ultra Endurance Series Ltd 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 financial statements have been prepared on a going concern basis, assuming the company will

continue to trade. This assumption depends on the ability of the directors to maintain the necessary

financial support.

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.

Development costs are being amortised evenly over their estimated useful life of four years.

Tangible fixed assets

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

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items

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.

Hire purchase and leasing commitments

Assets obtained under the hire purchase contracts or finance leases are capitalised in the balance

sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives.

Those held under finance leases are depreciated over their estimated useful lives or the lease term,

whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Developme

costs

£

COST

At 1 February 2024

and 31 January 2025

1,264

AMORTISATION

At 1 February 2024

and 31 January 2025

1,264

NET BOOK VALUE

At 31 January 2025

-

At 31 January 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 February 2024

3,066

16,142

67,633

19,498

106,339

Additions

1,020

5,902

-

6,316

13,238

At 31 January 2025

4,086

22,044

67,633

25,814

119,577

DEPRECIATION

At 1 February 2024

1,390

10,173

17,917

13,431

42,911

Charge for year

1,022

2,969

12,428

3,095

19,514

At 31 January 2025

2,412

13,142

30,345

16,526

62,425

NET BOOK VALUE

At 31 January 2025

1,674

8,902

37,288

9,288

57,152

At 31 January 2024

1,676

5,969

49,716

6,067

63,428

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

1,767

1,462

Other debtors

356,948

99,804

358,715

101,266

Other debtors includes prepayments and accrued income of £161,657 (2024: £91,724)

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans and overdrafts

2,608

10,000

Hire purchase contracts

9,113

7,833

Trade creditors

97,428

64,104

Taxation and social security

24,222

25,941

Other creditors

245,155

30,080

378,526

137,958

Other creditors includes accruals and deferred income of £225,075 (2024: £1,500)

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans

-

2,976

Hire purchase contracts

28,745

37,858

28,745

40,834

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.25

31.1.24

£

£

Hire purchase

37,858

45,691

Hire purchase liabilities are secured on the individual assets being so acquired.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2025 and 31 January 2024:

31.1.25

31.1.24

£

£

P J Hayday-Brown

Balance outstanding at start of year

148

-

Amounts advanced

352

148

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

500

148

The loan was interest free and repayable on demand.