Abbreviated Company Accounts - ULTIMATE PERFORMANCE LIMITED

ULTIMATE PERFORMANCE LIMITED - Company Information

04813549 ULTIMATE PERFORMANCE LIMITED 2014-09-30 false 2013-10-01 2014-09-30 true 04813549 2013-10-01 2014-09-30 04813549 2014-09-30 04813549 2013-09-30 04813549 uk-gaap-cd-bus:Director1 2013-10-01 2014-09-30 04813549 uk-gaap-cd-bus:Director2 2013-10-01 2014-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-10-01 2014-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-09-30 iso4217:GBP shares

Registered Number 04813549

ULTIMATE PERFORMANCE LIMITED

Abbreviated Accounts

30 September 2014

ULTIMATE PERFORMANCE LIMITED Registered Number 04813549

Abbreviated Balance Sheet as at 30 September 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	56,370	35,824
		56,370	35,824
Current assets
Stocks		4,201	5,735
Debtors	3	34,089	21,483
Cash at bank and in hand		-	-
		38,290	27,218
Prepayments and accrued income		4,560	6,560
Creditors: amounts falling due within one year	4	(76,728)	(79,851)
Net current assets (liabilities)		(33,878)	(46,073)
Total assets less current liabilities		22,492	(10,249)
Creditors: amounts falling due after more than one year	4	(9,353)	(1,309)
Accruals and deferred income		(1,400)	(1,350)
Total net assets (liabilities)		11,739	(12,908)
Capital and reserves
Called up share capital	5	2	2
Profit and loss account		11,737	(12,910)
Shareholders' funds		11,739	(12,908)

For the year ending 30 September 2014 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 26 June 2015

And signed on their behalf by:
Simon Douglas Armstrong, Director

ULTIMATE PERFORMANCE LIMITED Registered Number 04813549

Notes to the Abbreviated Accounts for the period ended 30 September 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover comprises the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts

Tangible assets depreciation policy
Tangible fixed assets are stated at the lower end of cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the lower of the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 33 %
Motor Vehicles 25 %
Office Equipment 25 %
Plant and Machinery 25 %

Valuation information and policy
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2Tangible fixed assets

	£
Cost
At 1 October 2013	70,861
Additions	29,892
Disposals	0
Revaluations	-
Transfers	-
At 30 September 2014	100,753
Depreciation
At 1 October 2013	35,037
Charge for the year	9,346
On disposals	0
At 30 September 2014	44,383
Net book values
At 30 September 2014	56,370
At 30 September 2013	35,824

3Debtors

	2014 £	2013 £
Debtors include the following amounts due after more than one year	34,089	21,483

4Creditors

	2014 £	2013 £
Secured Debts	86,081	81,160

5Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
2 Ordinary shares of £1 each	2	2