Accounts Submission

ULTIMATE SPEED LIMITED - Company Information

Company Accounts and Tax Online 05787896 Board of Directors 1.4.18 31.3.19 31.3.19 false iso4217:GBP xbrli:pure 05787896 2017-04-01 2018-03-31 05787896 2019-03-31 05787896 2018-04-01 2019-03-31 05787896 2018-03-31 05787896 countries:EnglandWales 2018-04-01 2019-03-31 05787896 curr:PoundSterling 2018-04-01 2019-03-31 05787896 uk-bus:PrivateLimitedCompanyLtd 2018-04-01 2019-03-31 05787896 uk-bus:FRS102 2018-04-01 2019-03-31 05787896 uk-bus:AuditExempt-NoAccountantsReport 2018-04-01 2019-03-31 05787896 uk-bus:FullAccounts 2018-04-01 2019-03-31 05787896 uk-bus:RegisteredOffice 2018-04-01 2019-03-31 05787896 uk-bus:Director1 2018-04-01 2019-03-31 05787896 uk-bus:Director1 2018-04-01 05787896 uk-bus:Director1 2019-03-31 05787896 core:AfterOneYear 2019-03-31 05787896 core:AfterOneYear 2018-03-31 05787896 core:WithinOneYear 2019-03-31 05787896 core:WithinOneYear 2018-03-31 05787896 core:WithinOneYear 2018-04-01 2019-03-31 05787896 core:AfterOneYear 2019-03-31 05787896 core:AfterOneYear 2018-03-31 05787896 core:AfterOneYear 2018-04-01 2019-03-31 05787896 core:ShareCapital 2019-03-31 05787896 core:ShareCapital 2018-03-31 05787896 core:RevaluationReserve 2019-03-31 05787896 core:RevaluationReserve 2018-03-31 05787896 core:RetainedEarningsAccumulatedLosses 2019-03-31 05787896 core:RetainedEarningsAccumulatedLosses 2018-03-31 05787896 1 2018-04-01 2019-03-31 05787896 core:LandBuildings 2018-04-01 2019-03-31 05787896 core:LandBuildings 2019-03-31 05787896 core:LandBuildings 2017-04-01 2018-03-31 05787896 core:LandBuildings 2018-03-31 05787896 core:PlantMachinery 2018-04-01 2019-03-31 05787896 core:PlantMachinery 2019-03-31 05787896 core:PlantMachinery 2017-04-01 2018-03-31 05787896 core:PlantMachinery 2018-03-31 05787896 core:FurnitureFittingsToolsEquipment 2018-04-01 2019-03-31 05787896 core:FurnitureFittingsToolsEquipment 2019-03-31 05787896 core:FurnitureFittingsToolsEquipment 2017-04-01 2018-03-31 05787896 core:FurnitureFittingsToolsEquipment 2018-03-31 05787896 core:OfficeEquipment 2018-04-01 2019-03-31 05787896 core:OfficeEquipment 2019-03-31 05787896 core:OfficeEquipment 2017-04-01 2018-03-31 05787896 core:OfficeEquipment 2018-03-31 05787896 core:Vehicles 2018-04-01 2019-03-31 05787896 core:Vehicles 2019-03-31 05787896 core:Vehicles 2017-04-01 2018-03-31 05787896 core:Vehicles 2018-03-31 05787896 core:NetGoodwill 2018-04-01 2019-03-31 05787896 core:NetGoodwill 2019-03-31 05787896 core:NetGoodwill 2017-04-01 2018-03-31 05787896 core:NetGoodwill 2018-03-31 05787896 core:IntangibleAssetsOtherThanGoodwill 2018-04-01 2019-03-31 05787896 core:IntangibleAssetsOtherThanGoodwill 2019-03-31 05787896 core:IntangibleAssetsOtherThanGoodwill 2017-04-01 2018-03-31 05787896 core:IntangibleAssetsOtherThanGoodwill 2018-03-31

Company Registration Number:
05787896 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2019

Period of accounts

Start date: 01 April 2018

End date: 31 March 2019

Contents of the Financial Statements

for the Period Ended 31 March 2019


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 2019

The directors present their report with the financial statements of the company for the period ended 31 March 2019

Principal Activities

The principal activity of the company was that of 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 2018 to 31 March 2019
Mr David John West

This report was approved by the board of directors on 30 December 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 2019

	2019 £	2018 £
Turnover	81,367	155,485
Cost of sales	(40,206)	(127,592)
Gross Profit or (Loss)	41,161	27,893
Distribution Costs	(0)	(0)
Administrative Expenses	(49,082)	(58,686)
Other operating income	0	0
Operating Profit or (Loss)	(7,921)	(30,793)
Interest Receivable and Similar Income	0	0
Interest Payable and Similar Charges	(1,141)	(204)
Profit or (Loss) Before Tax	(9,062)	(30,997)
Tax on Profit	(0)	(0)
Profit or (Loss) for Period	(9,062)	(30,997)

The notes form part of these financial statements

Balance sheet

As at 31 March 2019

	Notes	2019 £	2018 £
Fixed assets
Tangible assets:	2	35,580	49,032
Total fixed assets:		35,580	49,032
Current assets
Stocks:			0
Debtors:	3	88,289	36,660
Total current assets:		88,289	36,660
Creditors: amounts falling due within one year:	4	( 137,347 )	( 107,781 )
Net current assets (liabilities):		( 49,058 )	( 71,121 )
Total assets less current liabilities:		( 13,478 )	( 22,089 )
Creditors: amounts falling due after more than one year:	5	( 57,629 )	( 39,956 )
Total net assets (liabilities):		( 71,107 )	( 62,045 )

The notes form part of these financial statements

Balance sheet continued

As at 31 March 2019

	2019 £	2018 £
Capital and reserves
Called up share capital:	1	1
Profit and loss account:	( 71,108 )	( 62,046 )
Shareholders funds:	( 71,107 )	( 62,045 )

For the year ending 31 March 2019 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 30 December 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 2019

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 2019

2. Tangible assets

	Plant & machinery	Fixtures & fittings	Office equipment	Motor vehicles	Total
Cost	£	£	£	£	£
At 01 April 2018	56,778	215	1,317	13,500	71,810
Additions	-	-	-	-	-
Disposals	-	-	-	-	-
Revaluations	-	-	-	-	-
Transfers	-	-	-	-	-
At 31 March 2019	56,778	215	1,317	13,500	71,810
Depreciation
At 01 April 2018	11,438	129	544	10,667	22,778
Charge for year	11,080	43	329	2,000	13,452
On disposals	-	-	-	-	-
Other adjustments	-	-	-	-	-
At 31 March 2019	22,518	172	873	12,667	36,230
Net book value
At 31 March 2019	34,260	43	444	833	35,580
At 31 March 2018	45,340	86	773	2,833	49,032

Notes to the Financial Statements

for the Period Ended 31 March 2019

3. Debtors

	2019 £	2018 £
Trade debtors	88,289	36,660
Total	88,289	36,660

Notes to the Financial Statements

for the Period Ended 31 March 2019

4.Creditors: amounts falling due within one year note

	2019 £	2018 £
Trade creditors	135,318	107,348
Taxation and social security	2,029	433
Total	137,347	107,781

Notes to the Financial Statements

for the Period Ended 31 March 2019

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

	2019 £	2018 £
Other creditors	57,629	39,956
Total	57,629	39,956

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