Company Registration No. 10198071 (England and Wales)
Ultimate Modelling Products Limited
Unaudited accounts
for the year ended 31 March 2025
Ultimate Modelling Products Limited
Unaudited accounts
Contents
Ultimate Modelling Products Limited
Company Information
for the year ended 31 March 2025
Directors
Lee John Larholt
Joshua Lee Larholt
Company Number
10198071 (England and Wales)
Registered Office
91 High Street
Thurlby
Bourne
Lincolnshire
PE10 0ED
England
Accountants
Vibe Accounting Ltd
Office 4
12 Stonehouse Street
Plymouth
Devon
PL1 3PE
Ultimate Modelling Products Limited
Statement of financial position
as at 31 March 2025
Tangible assets
13,480
14,724
Cash at bank and in hand
827
150
Creditors: amounts falling due within one year
(24,272)
(21,870)
Net current liabilities
(10,258)
(7,693)
Total assets less current liabilities
3,222
7,031
Creditors: amounts falling due after more than one year
(14,941)
(18,753)
Provisions for liabilities
Deferred tax
(2,561)
(4,595)
Net liabilities
(14,280)
(16,317)
Called up share capital
1
1
Profit and loss account
(14,281)
(16,318)
Shareholders' funds
(14,280)
(16,317)
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by
Lee John Larholt
Director
Company Registration No. 10198071
Ultimate Modelling Products Limited
Notes to the Accounts
for the year ended 31 March 2025
Ultimate Modelling Products Limited is a private company, limited by shares, registered in England and Wales, registration number 10198071. The registered office is 91 High Street, Thurlby, Bourne, Lincolnshire, PE10 0ED, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These accounts have been prepared on a going concern basis, on the understanding that the directors and shareholders will continue to financially support the company
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities, there were no material departures from that standard.
Turnover is measured at the fair value of the consideration received, or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% on cost
Motor vehicles
20% reducing balance
Computer equipment
33% on cost
Stocks are valued at the lower of cost and net realisable value, after making due allowances for obsolete and slow moving items
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts.
Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Ultimate Modelling Products Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
7,620
20,771
1,768
30,159
Additions
1,321
-
1,100
2,421
At 31 March 2025
8,941
20,771
2,868
32,580
At 1 April 2024
2,773
11,515
1,147
15,435
Charge for the year
894
1,851
920
3,665
At 31 March 2025
3,667
13,366
2,067
19,100
At 31 March 2025
5,274
7,405
801
13,480
At 31 March 2024
4,847
9,256
621
14,724
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
6,570
7,075
Obligations under finance leases and hire purchase contracts
1,829
3,037
Taxes and social security
1,536
1,142
Loans from directors
13,050
5,473
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
-
1,829
9
Average number of employees
During the year the average number of employees was 0 (2024: 0).