Accounts Submission

ULTIMATE SPEED LIMITED - Company Information

Company Accounts and Tax Online 05787896 Board of Directors 1.4.17 31.3.18 31.3.18 false iso4217:GBP xbrli:pure 05787896 2016-04-01 2017-03-31 05787896 2018-03-31 05787896 2017-04-01 2018-03-31 05787896 2017-03-31 05787896 countries:EnglandWales 2017-04-01 2018-03-31 05787896 curr:PoundSterling 2017-04-01 2018-03-31 05787896 uk-bus:PrivateLimitedCompanyLtd 2017-04-01 2018-03-31 05787896 uk-bus:FRS102 2017-04-01 2018-03-31 05787896 uk-bus:AuditExempt-NoAccountantsReport 2017-04-01 2018-03-31 05787896 uk-bus:FullAccounts 2017-04-01 2018-03-31 05787896 uk-bus:RegisteredOffice 2017-04-01 2018-03-31 05787896 uk-bus:Director1 2017-04-01 2018-03-31 05787896 uk-bus:Director1 2017-04-01 05787896 uk-bus:Director1 2018-03-31 05787896 core:AfterOneYear 2018-03-31 05787896 core:AfterOneYear 2017-03-31 05787896 core:WithinOneYear 2018-03-31 05787896 core:WithinOneYear 2017-03-31 05787896 core:WithinOneYear 2017-04-01 2018-03-31 05787896 core:AfterOneYear 2018-03-31 05787896 core:AfterOneYear 2017-03-31 05787896 core:AfterOneYear 2017-04-01 2018-03-31 05787896 core:ShareCapital 2018-03-31 05787896 core:ShareCapital 2017-03-31 05787896 core:RevaluationReserve 2018-03-31 05787896 core:RevaluationReserve 2017-03-31 05787896 core:RetainedEarningsAccumulatedLosses 2018-03-31 05787896 core:RetainedEarningsAccumulatedLosses 2017-03-31 05787896 1 2017-04-01 2018-03-31 05787896 core:LandBuildings 2017-04-01 2018-03-31 05787896 core:LandBuildings 2018-03-31 05787896 core:LandBuildings 2016-04-01 2017-03-31 05787896 core:LandBuildings 2017-03-31 05787896 core:PlantMachinery 2017-04-01 2018-03-31 05787896 core:PlantMachinery 2018-03-31 05787896 core:PlantMachinery 2016-04-01 2017-03-31 05787896 core:PlantMachinery 2017-03-31 05787896 core:FurnitureFittingsToolsEquipment 2017-04-01 2018-03-31 05787896 core:FurnitureFittingsToolsEquipment 2018-03-31 05787896 core:FurnitureFittingsToolsEquipment 2016-04-01 2017-03-31 05787896 core:FurnitureFittingsToolsEquipment 2017-03-31 05787896 core:OfficeEquipment 2017-04-01 2018-03-31 05787896 core:OfficeEquipment 2018-03-31 05787896 core:OfficeEquipment 2016-04-01 2017-03-31 05787896 core:OfficeEquipment 2017-03-31 05787896 core:Vehicles 2017-04-01 2018-03-31 05787896 core:Vehicles 2018-03-31 05787896 core:Vehicles 2016-04-01 2017-03-31 05787896 core:Vehicles 2017-03-31 05787896 core:NetGoodwill 2017-04-01 2018-03-31 05787896 core:NetGoodwill 2018-03-31 05787896 core:NetGoodwill 2016-04-01 2017-03-31 05787896 core:NetGoodwill 2017-03-31 05787896 core:IntangibleAssetsOtherThanGoodwill 2017-04-01 2018-03-31 05787896 core:IntangibleAssetsOtherThanGoodwill 2018-03-31 05787896 core:IntangibleAssetsOtherThanGoodwill 2016-04-01 2017-03-31 05787896 core:IntangibleAssetsOtherThanGoodwill 2017-03-31

Company Registration Number:
05787896 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2018

Period of accounts

Start date: 01 April 2017

End date: 31 March 2018

Contents of the Financial Statements

for the Period Ended 31 March 2018


Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 9

Directors' Report Period Ended 31 March 2018

The directors present their report with the financial statements of the company for the period ended 31 March 2018

Principal Activities

Preparation and on event support for motor vehicles

Directors

The directors shown below have held office during the whole of the period from 01 April 2017 to 31 March 2018
MR DAVID JOHN WEST

This report was approved by the board of directors on 19 February 2019
And Signed On Behalf Of The Board By:

Name: MR DAVID JOHN WEST
Status: Director

Profit and Loss Account

for the Period Ended 31 March 2018

	2018 £	2017 £
Turnover	155,485	185,577
Cost of sales	(127,592)	(125,529)
Gross Profit or (Loss)	27,893	60,048
Distribution Costs	(0)	(0)
Administrative Expenses	(58,686)	(65,598)
Other operating income	0	0
Operating Profit or (Loss)	(30,793)	(5,550)
Interest Receivable and Similar Income	0	0
Interest Payable and Similar Charges	(204)	(644)
Profit or (Loss) Before Tax	(30,997)	(6,194)
Tax on Profit	(0)	(0)
Profit or (Loss) for Period	(30,997)	(6,194)

The notes form part of these financial statements

Balance sheet

As at 31 March 2018

	Notes	2018 £	2017 £
Fixed assets
Tangible assets:	2	49,032	8,617
Total fixed assets:		49,032	8,617
Current assets
Stocks:		0	0
Debtors:	3	36,660	8,721
Total current assets:		36,660	8,721
Creditors: amounts falling due within one year:	4	( 107,781 )	( 21,872 )
Net current assets (liabilities):		( 71,121 )	( 13,151 )
Total assets less current liabilities:		( 22,089 )	( 4,534 )
Creditors: amounts falling due after more than one year:	5	( 39,956 )	( 26,513 )
Total net assets (liabilities):		( 62,045 )	( 31,047 )

The notes form part of these financial statements

Balance sheet continued

As at 31 March 2018

	2018 £	2017 £
Capital and reserves
Called up share capital:	1	1
Profit and loss account:	( 62,046 )	( 31,048 )
Shareholders funds:	( 62,045 )	( 31,047 )

For the year ending 31 March 2018 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 19 February 2019
And Signed On Behalf Of The Board By:

Name: MR DAVID JOHN WEST
Status: Director

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 March 2018

1. Accounting policies

Basis of measurement and preparation

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Notes to the Financial Statements

for the Period Ended 31 March 2018

2. Tangible assets

	Plant & machinery	Fixtures & fittings	Office equipment	Motor vehicles	Total
Cost	£	£	£	£	£
At 01 April 2017	6,778	215	1,317	13,500	21,810
Additions	50,000	0	0	0	50,000
Disposals	(0)	(0)	(0)	(0)	(0)
Revaluations	0	0	0	0	0
Transfers	0	0	0	0	0
At 31 March 2018	56,778	215	1,317	13,500	71,810
Depreciation
At 01 April 2017	4,225	86	215	8,667	13,193
Charge for year	7,213	43	329	2,000	9,585
On disposals	(0)	(0)	(0)	(0)	(0)
Other adjustments	0	0	0	0	0
At 31 March 2018	11,438	129	544	10,667	22,778
Net book value
At 31 March 2018	45,340	86	773	2,833	49,032
At 31 March 2017	2,553	129	1,102	4,833	8,617

Notes to the Financial Statements

for the Period Ended 31 March 2018

3. Debtors

	2018 £	2017 £
Trade debtors	36,660	8,721
Total	36,660	8,721

Notes to the Financial Statements

for the Period Ended 31 March 2018

4.Creditors: amounts falling due within one year note

	2018 £	2017 £
Trade creditors	107,348	21,872
Taxation and social security	433	0
Total	107,781	21,872

Notes to the Financial Statements

for the Period Ended 31 March 2018

5.Creditors: amounts falling due after more than one year

	2018 £	2017 £
Bank loans and overdrafts	0	0
Amounts due under finance leases and hire purchase contracts	0	0
Other creditors	39,956	26,513
Total	39,956	26,513

Director:		MR DAVID JOHN WEST


Registered office:		Unit 5 Chinnor Road Bledlow Princes Risborough Buckinghamshire HP27 9PH


Company Registration Number:		05787896 (England and Wales)

Accounts Submission