Ultra Catering Ltd - Limited company - abbreviated - 11.9
Ultra Catering Ltd - Limited company - abbreviated - 11.9
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts for the Year Ended 31 March 2015 |
| for |
| Ultra Catering Ltd |
| Ultra Catering Ltd (Registered number: SC230937) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31 March 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| Report of the Accountants | 6 |
| Ultra Catering Ltd |
| Company Information |
| for the Year Ended 31 March 2015 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Ultra Catering Ltd (Registered number: SC230937) |
| Abbreviated Balance Sheet |
| 31 March 2015 |
| 31.3.15 | 31.3.14 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
4 |
| NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| The financial statements were approved by the Board of Directors on |
| Ultra Catering Ltd (Registered number: SC230937) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31 March 2015 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost |
| convention and in accordance with the Financial Reporting Standard for |
| Smaller Entities (effective April 2008). |
| Turnover |
| Turnover represents amounts receivable for goods sold during the year, |
| exclusive of value added tax. |
| Goodwill |
| Purchased goodwill arising on acquisitions is capitalised, classified as an |
| asset on the Balance Sheet and amortised over its estimated useful life up |
| to a maximum of ten years. This length of time is presumed to be the |
| maximum useful life of purchased goodwill because it is difficult to make |
| projections beyond this period. Goodwill is reviewed for impairment at the |
| end of the first full financial year following each acquisition and |
| subsequently as and when necessary if circumstances emerge that indicate |
| that the carrying value may not be recoverable. |
| Other intangible assets |
| Depreciation is provided at the following annual rate in order to write |
| off the asset over its estimated useful life. |
| Franchise agreement - straight line over 10 years. |
| Tangible fixed assets |
| Long leasehold | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Equipment | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after |
| making due allowance for obsolete and slow moving items. |
| Deferred tax |
| The payment of taxation is deferred or accelerated because of timing |
| differences between the treatment of certain items for accounting and |
| taxation purposes. Deferred tax assets are recognised only to the extent |
| that they will be recovered against the reversal of deferred tax |
| liabilities or other future taxable profits. Full provision for deferred |
| taxation is made under the liability method, without discounting, on all |
| timing differences that have arisen, but not reversed by the balance sheet |
| date, unless such provision is not permitted by accounting standards. |
| In accordance with such standards deferred tax is not provided for: |
| a) revaluation gains on land and buildings, unless there is a binding |
| agreement to sell them at the balance sheet date; and |
| b) gains on the sale of non-monetary assets, if the taxable gain will |
| probably be rolled over. |
| Ultra Catering Ltd (Registered number: SC230937) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 March 2015 |
| 1. | ACCOUNTING POLICIES - continued |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are |
| capitalised in the balance sheet. Those held under hire purchase contracts |
| are depreciated over their estimated useful lives. Those held under |
| finance leases are depreciated over their estimated useful lives or the |
| lease term, whichever is the shorter. |
| The interest element of these obligations is charged to the profit and loss |
| account over the relevant period. The capital element of the future |
| payments is treated as a liability. |
| Rentals paid under operating leases are charged to the profit and loss |
| account on a straight line basis over the period of the lease. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions |
| payable to the company's pension scheme are charged to the profit and loss |
| account in the period to which they relate. |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 April 2014 |
| and 31 March 2015 |
| AMORTISATION |
| At 1 April 2014 |
| Amortisation for year |
| At 31 March 2015 |
| NET BOOK VALUE |
| At 31 March 2015 |
| At 31 March 2014 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 April 2014 |
| Additions |
| Disposals | ( |
) |
| At 31 March 2015 |
| DEPRECIATION |
| At 1 April 2014 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31 March 2015 |
| NET BOOK VALUE |
| At 31 March 2015 |
| At 31 March 2014 |
| Ultra Catering Ltd (Registered number: SC230937) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 March 2015 |
| 4. | CREDITORS |
| Creditors include an amount of £ |
| has been given. |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.3.15 | 31.3.14 |
| value: | £ | £ |
| A Ordinary | £1 |
| B Ordinary | £1 |
| 1,000 | 1,000 |
| 6. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years |
| ended 31 March 2015 and 31 March 2014: |
| 31.3.15 | 31.3.14 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Balance outstanding at end of year |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Balance outstanding at end of year |
| Advances and repayments during the year have been summarised. The above |
| loan is unsecured, interest free and repayable on demand. |
| Ultra Catering Ltd |
| Report of the Accountants to the Directors of |
| Ultra Catering Ltd |
| The following reproduces the text of the report prepared for the directors in |
| respect of the company's annual unaudited financial statements, from which the |
| unaudited abbreviated accounts (set out on pages two to five) have been |
| prepared. |
| As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2015 set out on pages three to ten and you consider that the company is exempt from an audit. |
| In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
| This report is made solely to the Board of Directors of the company, as a body, |
| in accordance with the terms of our engagement. Our work has been undertaken |
| solely to prepare for your approval the financial statements of the company and |
| state those matters that we have agreed to state to the Board of Directors of |
| the company, as a body, in this report in accordance with the requirements of |
| the Institute of Financial Accountants. To the fullest extent permitted by law, |
| we do not accept or assume responsibility to anyone other than the company and |
| its Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that the company has kept adequate accounting records |
| and to prepare statutory accounts that give a true and fair view of the assets, |
| liabilities and financial position of the company. You consider that the company |
| is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial |
| statements of the company. For this reason, we have not verified the accuracy or |
| completeness of the accounting records or information and explanations you have |
| given to us and we do not, therefore, express any opinion on the statutory |
| financial statements. |
| 22 December 2015 |