Company registration number 05320088 (England and Wales)
ULTIMA FLOORS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
PAGES FOR FILING WITH REGISTRAR
ULTIMA FLOORS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
ULTIMA FLOORS LIMITED
BALANCE SHEET
AS AT
28 FEBRUARY 2025
28 February 2025
- 1 -
28 February 2025
29 February 2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
9,173
10,876
Current assets
Stocks
48,089
29,520
Debtors
4
3,808
24,222
Cash at bank and in hand
6,795
3,316
58,692
57,058
Creditors: amounts falling due within one year
5
(189,424)
(175,163)
Net current liabilities
(130,732)
(118,105)
Total assets less current liabilities
(121,559)
(107,229)
Creditors: amounts falling due after more than one year
6
(2,058)
(10,474)
Provisions for liabilities
(1,585)
(1,908)
Net liabilities
(125,202)
(119,611)
Capital and reserves
Called up share capital
60,100
60,100
Profit and loss reserves
(185,302)
(179,711)
Total equity
(125,202)
(119,611)
ULTIMA FLOORS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
28 FEBRUARY 2025
28 February 2025
- 2 -

For the financial year ended 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 19 February 2026 and are signed on its behalf by:
Mr M Smith
Director
Company registration number 05320088 (England and Wales)
ULTIMA FLOORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 3 -
1
Accounting policies
Company information

Ultima Floors Limited is a private company limited by shares incorporated in England and Wales. The registered office is 40 North Road, St Helens, Merseyside, United Kingdom, WA10 2TR.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
15% and 25% reducing balance
Motor vehicles
25% reducing balance
1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

ULTIMA FLOORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
1
Accounting policies
(Continued)
- 4 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
3
4
3
Tangible fixed assets
Fixtures and fittings
Motor vehicles
Total
£
£
£
Cost
At 1 March 2024 and 28 February 2025
35,653
9,240
44,893
Depreciation and impairment
At 1 March 2024
26,450
7,567
34,017
Depreciation charged in the year
1,493
210
1,703
At 28 February 2025
27,943
7,777
35,720
Carrying amount
At 28 February 2025
7,710
1,463
9,173
At 29 February 2024
9,203
1,673
10,876
ULTIMA FLOORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 5 -
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
2,350
7,042
Other debtors
1,458
17,180
3,808
24,222
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
8,420
8,641
Trade creditors
45,993
37,174
Other creditors
135,011
129,348
189,424
175,163
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
2,058
10,474
7
Parent company

At the year end the company owed £74,557 (2024 - £79,171) to it's parent company Rainford Carpet Tile Company Limited.

The company's immediate parent, Rainford Carpet Tile Company Limited is incorporated in England and Wales.

8
Going concern

Although the financial statements show net current liabilities of £130,732 (2024: £118,105) and net liabilities of £125,202 (2024: £119,611), the directors are of the opinion that the financial statements can be prepared on the going concern basis on the grounds that the company will continue to receive support from the directors and will trade profitably in the future.

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