Ultra Logik Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Ultra Logik Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09411812 . The registered office is Unit 7 High Road, Horndon on the hill, Stanford-le-hope, Essex, SS17 8PZ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	Straight line over 4 years
Motor Vehicles	25% reducing balance
Fixtures & Fittings	25% reducing balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Ultra Logik Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

2.5. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2025: 6)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 February 2025	38,626	53,898	63,659	156,183
Additions	-	-	14,726	14,726

As at 31 January 2026	38,626	53,898	78,385	170,909

Depreciation
As at 1 February 2025	16,525	4,581	37,098	58,204
Provided during the period	9,187	12,329	8,825	30,341

As at 31 January 2026	25,712	16,910	45,923	88,545

Net Book Value
As at 31 January 2026	12,914	36,988	32,462	82,364

As at 1 February 2025	22,101	49,317	26,561	97,979

5. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	485,380	528,021
Other debtors	25,990	72,484

	511,370	600,505

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	5,685	9,027
Trade creditors	242,008	277,607
Bank loans and overdrafts	38,205	5,724
Other creditors	844	4,007
Taxation and social security	10,321	84,664

	297,063	381,029

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Ultra Logik Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

7. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	8,643	14,328
Bank loans	20,315	24,803

	28,958	39,131

8. Secured Creditors

Of the creditors the following amounts are secured.

	2026		2025
	£		£
Net obligations under finance lease and hire purchase contracts	14,328		23,355

9. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	5,685	9,027
Later than one year and not later than five years	8,643	14,328

	14,328	23,355

	14,328	23,355

10. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	7	7

The varying rights attaching to the different classes of shares are as follows:

As Regards Voting

(1) The holders of the Ordinary Shares shall be entitled to receive notice of and to attend any General

Meeting of the Company and shall be entitled to one vote for every Ordinary Share held.

(2) The holders of the A Ordinary Shares shall not be entitled to receive notice of or to attend any General

Meeting of the Company and shall not be entitled to any voting rights whatsoever.

As Regards Income

(3) The Ordinary Shares and A Ordinary Shares shall be entitled to varying and seperate rights to

dividends as declared by the Company from time to time.

As Regards Capital

(4) On a winding up or a reduction of capital involving a return of capital the assets of the Company shall

be applied first in repaying to the holders of the Ordinary Shares and the A Ordinary Shares, the capital

paid up or credited as paid thereon and the balance of the assets of the Company shall belong to and be

distributed among the holders of the Ordinary Shares rateably according to the amounts paid upon such

shares and the holders of the A Ordinary Shares shall not be entitled to any further or other participation

in the profits or assets of the Company.

11. Pension Commitments

The company operates a defined contribution pension scheme The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of Nil (PY Nil) were due to the fund.

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Ultra Logik Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

12. Related Party Transactions

During the year the company paid dividends on Ordinary Shares to S. Barnes £41,388 (2025 £34,675) and N. Eakins £41,387 (2025 £34,675).

The directors have given a personal guarantee in respect of a bank loan.

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		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		82,364		97,979

			82,364		97,979
CURRENT ASSETS
Debtors	5	511,370		600,505
Cash at bank and in hand		49,526		108,521

		560,896		709,026
Creditors: Amounts Falling Due Within One Year	6	(297,063 )		(381,029 )

NET CURRENT ASSETS (LIABILITIES)			263,833		327,997

TOTAL ASSETS LESS CURRENT LIABILITIES			346,197		425,976

Creditors: Amounts Falling Due After More Than One Year	7		(28,958 )		(39,131 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(15,649 )		(24,495 )

NET ASSETS			301,590		362,350

CAPITAL AND RESERVES
Called up share capital	10		7		7
Profit and Loss Account			301,583		362,343

SHAREHOLDERS' FUNDS			301,590		362,350