Company Registration No. 04766670 (England and Wales)
ULTIMATE GROUP LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2014
ULTIMATE GROUP LIMITED
COMPANY INFORMATION
Director
Mr Paul Withers
Company number
04766670
Registered office
The Granary
Hermitage Court
Hermitage Lane
Maidstone
Kent
ME16 9NT
Accountants
Nash Harvey Group LLP
The Granary
Hermitage Court
Hermitage Lane
Maidstone
Kent
ME16 9NT
ULTIMATE GROUP LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
ULTIMATE GROUP LIMITED
ABBREVIATED BALANCE SHEET
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Intangible assets
2
8,800
11,600
Tangible assets
2
2,453
3,271
11,253
14,871
Current assets
Stocks
16,822
12,058
Debtors
18,964
20,154
35,786
32,212
Creditors: amounts falling due within one year
(43,232)
(48,748)
Net current liabilities
(7,446)
(16,536)
Total assets less current liabilities
3,807
(1,665)
Creditors: amounts falling due after more than one year
(16,316)
(21,683)
(12,509)
(23,348)
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
(12,609)
(23,448)
Shareholders' funds
(12,509)
(23,348)
For the financial year ended 30 June 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year 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.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 18 March 2015
Mr Paul Withers
Director
Company Registration No. 04766670
ULTIMATE GROUP LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2014
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
25% Reducing Balance Method
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 July 2013 & at 30 June 2014
28,000
10,810
38,810
Depreciation
At 1 July 2013
16,400
7,539
23,939
Charge for the year
2,800
818
3,618
At 30 June 2014
19,200
8,357
27,557
Net book value
At 30 June 2014
8,800
2,453
11,253
At 30 June 2013
11,600
3,271
14,871
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
100 Ordinary Shares of £1 each
100
100
2014-06-302013-07-01falsetruetruetruetruetruetmpB5CD.html2015-03-19047666702013-07-012014-06-3004766670uk-bus:Director12013-07-012014-06-3004766670uk-bus:RegisteredOffice2013-07-012014-06-3004766670uk-bus:EntityAccountantsOrAuditors2013-07-012014-06-30047666702014-06-30047666702013-06-30047666702013-06-3004766670uk-gaap:FixturesFittingsToolsEquipment2013-07-012014-06-3004766670uk-bus:OrdinaryShareClass12013-07-012014-06-3004766670uk-bus:OrdinaryShareClass12014-06-3004766670uk-bus:OrdinaryShareClass12013-06-30xbrli:purexbrli:sharesiso4217:GBP
