Registration number: 03827060

Ultimate Trading UK Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

Ultimate Trading UK Limited

Company Information

Directors

Mr Garry Wardle Mr Michael James Harrington

Registered office

2 Thorp House Thorp Street Macclesfield Cheshire SK11 1LJ

Ultimate Trading UK Limited

(Registration number: 03827060)
Balance Sheet as at 31 January 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	5	329,597	314,095
Current assets
Stocks	6	469,348	620,274
Debtors	7	131,899	162,824
Cash at bank and in hand		170,291	61,554
		771,538	844,652
Creditors: Amounts falling due within one year	8	(397,063)	(341,581)
Net current assets		374,475	503,071
Total assets less current liabilities		704,072	817,166
Creditors: Amounts falling due after more than one year	8	(8,889)	-
Net assets		695,183	817,166
Capital and reserves
Called up share capital		100	100
Revaluation reserve		88,911	88,911
Retained earnings		606,172	728,155
Shareholders' funds		695,183	817,166

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

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Ultimate Trading UK Limited

(Registration number: 03827060)
Balance Sheet as at 31 January 2026

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 28 October 2026 and signed on its behalf by:
 

......................................... Mr Garry Wardle Director

......................................... Mr Michael James Harrington Director

Ultimate Trading UK Limited

Notes to the Unaudited Financial Statements for the year ended 31 January 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Thorp House
Thorp Street
Macclesfield
Cheshire
SK11 1LJ

These financial statements were authorised for issue by the Board on 28 October 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis, with management having given due consideration to the company’s ability to continue as a going concern for at least the next twelve months.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of turnover can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Ultimate Trading UK Limited

Notes to the Unaudited Financial Statements for the year ended 31 January 2026

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress 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. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Ultimate Trading UK Limited

Notes to the Unaudited Financial Statements for the year ended 31 January 2026

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 9 (2025 - 9).

Ultimate Trading UK Limited

Notes to the Unaudited Financial Statements for the year ended 31 January 2026

4

Taxation

Tax charged/(credited) in the profit and loss account

	2026 £	2025 £
Current taxation
UK corporation tax	21,416	60,618

5	Tangible assets

	Land and buildings £	Fixtures and fittings £	Plant and machinery £	Office equipment £
Cost or valuation
At 1 February 2025	286,635	12,355	80,869	14,826
Additions	-	699	-	1,907
Disposals	-	-	-	-
At 31 January 2026	286,635	13,054	80,869	16,733
Depreciation
At 1 February 2025	2,508	11,190	67,567	14,458
Charge for the year	313	321	3,072	452
Eliminated on disposal	-	-	-	-
At 31 January 2026	2,821	11,511	70,639	14,910
Carrying amount
At 31 January 2026	283,814	1,543	10,230	1,823
At 31 January 2025	284,127	1,165	13,302	368

Ultimate Trading UK Limited

Notes to the Unaudited Financial Statements for the year ended 31 January 2026

	Motor vehicles  £	Total £
Cost or valuation
At 1 February 2025	17,700	412,385
Additions	32,500	35,106
Disposals	(11,200)	(11,200)
At 31 January 2026	39,000	436,291
Depreciation
At 1 February 2025	2,567	98,290
Charge for the year	8,072	12,230
Eliminated on disposal	(3,826)	(3,826)
At 31 January 2026	6,813	106,694
Carrying amount
At 31 January 2026	32,187	329,597
At 31 January 2025	15,133	314,095

Included within the net book value of land and buildings above is £283,814 (2025 - £284,127) in respect of freehold land and buildings.
 

Revaluation

The fair value of the company's Land and buildings was revalued on 6 November 2023.
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £194,903 (2025 - £195,216).

6

Stocks

	2026 £	2025 £
Other inventories	469,348	620,274

7

Debtors

Current	2026 £	2025 £
Trade debtors	111,013	150,754
Prepayments	10,425	9,071
Other debtors	10,461	2,999
	131,899	162,824

Ultimate Trading UK Limited

Notes to the Unaudited Financial Statements for the year ended 31 January 2026

8

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Loans and borrowings	10	6,667	-
Trade creditors		200,637	209,131
Amounts owed to group undertakings and undertakings in which the company has a participating interest		117,100	57,252
Taxation and social security		63,385	69,413
Accruals and deferred income		8,308	4,955
Other creditors		966	830
		397,063	341,581

Creditors: amounts falling due after more than one year

	Note	2026 £	2025 £
Due after one year
Loans and borrowings	10	8,889	-

9	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary of £1 each	100	100	100	100

10	Loans and borrowings

Non-current loans and borrowings

	2026 £	2025 £
Hire purchase contracts	8,889	-

Current loans and borrowings

	2026 £	2025 £
Hire purchase contracts	6,667	-