Ultrasource Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 12285901

Ultrasource Ltd

Filleted Unaudited Financial Statements

31 March 2026

Ultrasource Ltd

Statement of Financial Position

31 March 2026

	31 Mar 26	31 Oct 24
Note	£	£

Fixed assets

Tangible assets	5	36,781	76,375

Current assets

Debtors	6	8,923	9,880
Cash at bank and in hand		171,228	112,757
		---------	---------
		180,151	122,637

Creditors: amounts falling due within one year	7	23,776	9,120
		---------	---------
Net current assets		156,375	113,517
		---------	---------
Total assets less current liabilities		193,156	189,892
		---------	---------
Net assets		193,156	189,892
		---------	---------

Capital and reserves

Called up share capital	1	1
Profit and loss account	193,155	189,891
	---------	---------
Shareholders funds	193,156	189,892
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the period ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Ultrasource Ltd

Statement of Financial Position (continued)

31 March 2026

These financial statements were approved by the board of directors and authorised for issue on 30 July 2026 , and are signed on behalf of the board by:

Lee Cooke
Director

Company registration number: 12285901

Ultrasource Ltd

Notes to the Financial Statements

Period from 1 November 2024 to 31 March 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 24 Bridge Street, Newport, NP20 4SF.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity, and the figures therein are rounded to the nearest whole pound.

Going concern

The Director considers that the company remains a going concern having regard to the financial support provided and future predicted cash flow and profitability.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	33% p.a. Straight line
Motor vehicles	-	20% p.a. Straight line

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the period amounted to 1 (2024: 1 ).

5. Tangible assets

	Plant and machinery	Motor vehicles	Total
	£	£	£
Cost
At 1 November 2024	5,372	102,000	107,372
Additions	1,926	41,899	43,825
Disposals	–	( 102,000)	( 102,000)
	-------	---------	---------
At 31 March 2026	7,298	41,899	49,197
	-------	---------	---------
Depreciation
At 1 November 2024	2,097	28,900	30,997
Charge for the period	1,939	8,380	10,319
Disposals	–	( 28,900)	( 28,900)
	-------	---------	---------
At 31 March 2026	4,036	8,380	12,416
	-------	---------	---------
Carrying amount
At 31 March 2026	3,262	33,519	36,781
	-------	---------	---------
At 31 October 2024	3,275	73,100	76,375
	-------	---------	---------

6. Debtors

	31 Mar 26	31 Oct 24
	£	£
Other debtors	8,923	9,880
	-------	-------

7. Creditors: amounts falling due within one year

	31 Mar 26	31 Oct 24
	£	£
Corporation tax	21,375	5,983
Social security and other taxes	1,039	–
Other creditors	1,362	3,137
	--------	-------
	23,776	9,120
	--------	-------

8. Director's advances, credits and guarantees

During the period the director entered into the following advances and credits with the company:

	31 Mar 26
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Lee Cooke	( 567)	7,951	7,384
	----	-------	-------

	31 Oct 24
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Lee Cooke	( 255)	( 312)	( 567)
	----	----	----

9. Related party transactions

The company was under the control of Mr L Cooke throughout the current and previous year. Mr L Cooke is the managing director and sole shareholder. As at 31 March 2026 the director owed the company £7,384 (2024: the company owed the director £567). This is repayable on demand and interest free.