Registration number: 03827060

Ultimate Trading UK Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

Ultimate Trading UK Limited

Company Information

Directors

Mr Garry Wardle Mr Michael James Harrington

Registered office

2 Thorp House Thorp Street Macclesfield Cheshire SK11 1LJ

Ultimate Trading UK Limited

(Registration number: 03827060)
Balance Sheet as at 31 January 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	314,095	379,592
Current assets
Stocks	5	620,274	564,205
Debtors	6	162,824	182,174
Cash at bank and in hand		61,554	193,146
		844,652	939,525
Creditors: Amounts falling due within one year	7	(341,581)	(194,201)
Net current assets		503,071	745,324
Net assets		817,166	1,124,916
Capital and reserves
Called up share capital	8	100	100
Revaluation reserve		88,911	88,911
Retained earnings		728,155	1,035,905
Shareholders' funds		817,166	1,124,916

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Ultimate Trading UK Limited

(Registration number: 03827060)
Balance Sheet as at 31 January 2025

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 October 2025 and signed on its behalf by:
 

......................................... Mr Garry Wardle Director

......................................... Mr Michael James Harrington Director

Ultimate Trading UK Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Thorp House
Thorp Street
Macclesfield
Cheshire
SK11 1LJ

These financial statements were authorised for issue by the Board on 28 October 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Ultimate Trading UK Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Ultimate Trading UK Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 9 (2024 - 7).

Ultimate Trading UK Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

4	Tangible assets

	Land and buildings £	Fixtures and fittings £	Plant and machinery £	Office equipment £
Cost or valuation
At 1 February 2024	286,635	12,355	80,869	14,471
Additions	-	-	-	355
Disposals	-	-	-	-
At 31 January 2025	286,635	12,355	80,869	14,826
Depreciation
At 1 February 2024	2,195	10,384	64,495	14,226
Charge for the year	313	806	3,072	232
Eliminated on disposal	-	-	-	-
At 31 January 2025	2,508	11,190	67,567	14,458
Carrying amount
At 31 January 2025	284,127	1,165	13,302	368
At 31 January 2024	284,440	1,971	16,374	245

	Motor vehicles  £	Total £
Cost or valuation
At 1 February 2024	122,500	516,830
Additions	17,700	18,055
Disposals	(122,500)	(122,500)
At 31 January 2025	17,700	412,385
Depreciation
At 1 February 2024	45,938	137,238
Charge for the year	8,947	13,370
Eliminated on disposal	(52,318)	(52,318)
At 31 January 2025	2,567	98,290
Carrying amount
At 31 January 2025	15,133	314,095
At 31 January 2024	76,562	379,592

Ultimate Trading UK Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Included within the net book value of land and buildings above is £284,127 (2024 - £284,440) in respect of freehold land and buildings.
 

Revaluation

The fair value of the company's Land and buildings was revalued on 6 November 2023. .
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £195,216 (2024 - £195,529).

5

Stocks

	2025 £	2024 £
Other inventories	620,274	564,205

6

Debtors

Current	Note	2025 £	2024 £
Trade debtors		150,754	133,263
Amounts owed by related parties		-	35,300
Prepayments		9,071	13,413
Other debtors		2,999	198
		162,824	182,174

Ultimate Trading UK Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Trade creditors		209,131	86,582
Amounts owed to group undertakings and undertakings in which the company has a participating interest		57,252	24,403
Taxation and social security		69,413	77,517
Accruals and deferred income		4,955	5,699
Other creditors		830	-
		341,581	194,201

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	100	100	100	100

9

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:

	Revaluation reserve £	Total £
Surplus/deficit on property, plant and equipment revaluation	88,911	88,911