Ultra Catering Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: SC230937 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Ultra Catering Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Accountants' Report

8

DIRECTORS:

A S Khaira

D S Khaira

REGISTERED OFFICE:

61 Burlington Avenue

GLASGOW

G12 0LJ

REGISTERED NUMBER:

SC230937 (Scotland)

ACCOUNTANTS:

Atholl Scott

Victoria House

13 Victoria Street

ABERDEEN

AB10 1XB

FIXED ASSETS

Intangible assets

4

1,896

2,846

Tangible assets

5

122,405

134,728

124,301

137,574

CURRENT ASSETS

Stocks

33,786

14,018

Debtors

6

107,163

79,894

Cash at bank

301,048

212,195

441,997

306,107

CREDITORS

Amounts falling due within one
year

7

(301,259

)

(367,506

)

NET CURRENT ASSETS/(LIABILITIES)

140,738

(61,399

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

265,039

76,175

CREDITORS

Amounts falling due after more
than one year

8

-

(17,815

)

PROVISIONS FOR LIABILITIES

(3,994

)

(2,333

)

NET ASSETS

261,045

56,027

CAPITAL AND RESERVES

Called up share capital

1,000

Retained earnings

260,045

55,027

SHAREHOLDERS' FUNDS

261,045

56,027

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 December 2025 and were signed on its behalf by:

D S Khaira - Director

A S Khaira - Director

1.	STATUTORY INFORMATION

Ultra Catering Ltd is a private company, limited by shares , registered in Scotland. 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.

Turnover

Turnover represents amounts receivable for goods sold during the year, exclusive of value added tax.

Goodwill

Purchased goodwill arising on acquisitions is capitalised, classified as an asset on the Balance Sheet and amortised over its estimated useful life up to a maximum of ten years. This length of time is presumed to be the maximum useful life of purchased goodwill because it is difficult to make projections beyond this period. Goodwill is reviewed for impairment at the end of the first full financial year following each acquisition and subsequently as and when necessary if circumstances emerge that indicate that the carrying value may not be recoverable.

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 ten years.

Tangible fixed assets

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

Long leasehold

-

4% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

20% on cost

Equipment

-

30% on cost and 20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, 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 Income Statement, 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

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 99 (2024 - 100 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

Goodwill

licences

Totals

£

COST

At 1 April 2024

and 31 March 2025

58,000

59,193

117,193

AMORTISATION

At 1 April 2024

58,000

56,347

114,347

Amortisation for year

-

950

At 31 March 2025

58,000

57,297

115,297

NET BOOK VALUE

At 31 March 2025

-

1,896

At 31 March 2024

-

2,846

5.	TANGIBLE FIXED ASSETS

Fixtures

Long

Plant and

and

leasehold

machinery

fittings

£

COST

At 1 April 2024

429,635

158,154

165,872

Additions

-

9,717

-

Disposals

-

(13,994

)

-

At 31 March 2025

429,635

153,877

165,872

DEPRECIATION

At 1 April 2024

313,429

143,289

165,572

Charge for year

17,186

6,830

100

Eliminated on disposal

-

(13,994

)

-

At 31 March 2025

330,615

136,125

165,672

NET BOOK VALUE

At 31 March 2025

99,020

17,752

200

At 31 March 2024

116,206

14,865

300

Motor

vehicles

Equipment

Totals

£

COST

At 1 April 2024

24,183

26,218

804,062

Additions

-

4,173

13,890

Disposals

-

(13,994

)

At 31 March 2025

24,183

30,391

803,958

DEPRECIATION

At 1 April 2024

24,183

22,861

669,334

Charge for year

-

2,097

26,213

Eliminated on disposal

-

(13,994

)

At 31 March 2025

24,183

24,958

681,553

NET BOOK VALUE

At 31 March 2025

-

5,433

122,405

At 31 March 2024

-

3,357

134,728

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Amounts owed by group undertakings

70,065

45,415

Other debtors

15,699

14,841

Prepayments

21,399

19,638

107,163

79,894

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Other loans

6,831

30,000

Hire purchase contracts (see note 9)

4,706

-

Trade creditors

113,350

137,714

Tax

8,845

12,134

PAYE

7,915

7,462

VAT

85,467

114,292

Other creditors

7,075

-

Directors' loan accounts

4,637

4,002

Accrued expenses

62,433

61,902

301,259

367,506

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.25

31.3.24

£

Other loans - 1-2 years

-

17,815

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.3.25

31.3.24

£

Net obligations repayable:

Within one year

4,706

-

Non-cancellable

operating leases

31.3.25

31.3.24

£

Within one year

146,409

Between one and five years

384,362

470,529

In more than five years

83,143

143,385

613,914

760,323

10.	RELATED PARTY DISCLOSURES

During the year the company increased the amount loaned to Khaira Investments Ltd by £24,650 leaving a balance of £35,785 (2024 £11,135). This loan is unsecured, interest free and repayable on demand.

There was no movement in the loan to KBB Group Ltd. The balance in 2025 and 2024 was £34,280. This loan is unsecured, interest free and repayable on demand.

During the year D S Khaira and A S Khaira (directors) increased the amount loaned to the company by £635 leaving a balance of £4,637 (2024 £4,002). This loan is unsecured, interest free and repayable on demand.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ultra Catering Ltd for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Ultra Catering Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ultra Catering Ltd and state those matters that we have agreed to state to the Board of Directors of Ultra Catering Ltd, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Ultra Catering Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ultra Catering Ltd. You consider that Ultra Catering Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Ultra Catering Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

As a member firm of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional requirements which are detailed at https://www.ifa.org.uk/about-us/publicinterest/memberregulations.

Atholl Scott

Victoria House

13 Victoria Street

ABERDEEN

AB10 1XB

10 December 2025