Accounts Submission

ULTIMATE SPEED LIMITED - Company Information

Company Accounts and Tax Online 05787896 Board of Directors 1.4.19 31.3.20 31.3.20 false iso4217:GBP xbrli:pure 05787896 2018-04-01 2019-03-31 05787896 2020-03-31 05787896 2019-04-01 2020-03-31 05787896 2019-03-31 05787896 countries:EnglandWales 2019-04-01 2020-03-31 05787896 curr:PoundSterling 2019-04-01 2020-03-31 05787896 uk-bus:PrivateLimitedCompanyLtd 2019-04-01 2020-03-31 05787896 uk-bus:FRS102 2019-04-01 2020-03-31 05787896 uk-bus:AuditExempt-NoAccountantsReport 2019-04-01 2020-03-31 05787896 uk-bus:FullAccounts 2019-04-01 2020-03-31 05787896 uk-bus:RegisteredOffice 2019-04-01 2020-03-31 05787896 uk-bus:Director1 2019-04-01 2020-03-31 05787896 uk-bus:Director1 2019-04-01 05787896 uk-bus:Director1 2020-03-31 05787896 core:AfterOneYear 2020-03-31 05787896 core:AfterOneYear 2019-03-31 05787896 core:WithinOneYear 2020-03-31 05787896 core:WithinOneYear 2019-03-31 05787896 core:WithinOneYear 2019-04-01 2020-03-31 05787896 core:AfterOneYear 2020-03-31 05787896 core:AfterOneYear 2019-03-31 05787896 core:AfterOneYear 2019-04-01 2020-03-31 05787896 core:ShareCapital 2020-03-31 05787896 core:ShareCapital 2019-03-31 05787896 core:RevaluationReserve 2020-03-31 05787896 core:RevaluationReserve 2019-03-31 05787896 core:RetainedEarningsAccumulatedLosses 2020-03-31 05787896 core:RetainedEarningsAccumulatedLosses 2019-03-31 05787896 1 2019-04-01 2020-03-31 05787896 core:LandBuildings 2019-04-01 2020-03-31 05787896 core:LandBuildings 2020-03-31 05787896 core:LandBuildings 2018-04-01 2019-03-31 05787896 core:LandBuildings 2019-03-31 05787896 core:PlantMachinery 2019-04-01 2020-03-31 05787896 core:PlantMachinery 2020-03-31 05787896 core:PlantMachinery 2018-04-01 2019-03-31 05787896 core:PlantMachinery 2019-03-31 05787896 core:FurnitureFittingsToolsEquipment 2019-04-01 2020-03-31 05787896 core:FurnitureFittingsToolsEquipment 2020-03-31 05787896 core:FurnitureFittingsToolsEquipment 2018-04-01 2019-03-31 05787896 core:FurnitureFittingsToolsEquipment 2019-03-31 05787896 core:OfficeEquipment 2019-04-01 2020-03-31 05787896 core:OfficeEquipment 2020-03-31 05787896 core:OfficeEquipment 2018-04-01 2019-03-31 05787896 core:OfficeEquipment 2019-03-31 05787896 core:Vehicles 2019-04-01 2020-03-31 05787896 core:Vehicles 2020-03-31 05787896 core:Vehicles 2018-04-01 2019-03-31 05787896 core:Vehicles 2019-03-31 05787896 core:NetGoodwill 2019-04-01 2020-03-31 05787896 core:NetGoodwill 2020-03-31 05787896 core:NetGoodwill 2018-04-01 2019-03-31 05787896 core:NetGoodwill 2019-03-31 05787896 core:IntangibleAssetsOtherThanGoodwill 2019-04-01 2020-03-31 05787896 core:IntangibleAssetsOtherThanGoodwill 2020-03-31 05787896 core:IntangibleAssetsOtherThanGoodwill 2018-04-01 2019-03-31 05787896 core:IntangibleAssetsOtherThanGoodwill 2019-03-31

Company Registration Number:
05787896 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2020

Period of accounts

Start date: 01 April 2019

End date: 31 March 2020

Contents of the Financial Statements

for the Period Ended 31 March 2020


Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

Directors' Report Period Ended 31 March 2020

The directors present their report with the financial statements of the company for the period ended 31 March 2020

Principal Activities

The principal activity of the company was that of preparation and on event support for motor vehicles. The company has been in a state of stasis for most of the year due to other commitments

Directors

The directors shown below have held office during the whole of the period from 01 April 2019 to 31 March 2020
David John West

This report was approved by the board of directors on 10 December 2021
And Signed On Behalf Of The Board By:

Name: David John West
Status: Director

Profit and Loss Account

for the Period Ended 31 March 2020

	2020 £	2019 £
Turnover	46,000	81,367
Cost of sales	( 0 )	( 40,206 )
Gross Profit or (Loss)	46,000	41,161
Distribution Costs	( 0 )	( 0 )
Administrative Expenses	( 35,005 )	( 49,082 )
Operating Profit or (Loss)	10,995	( 7,921 )
Interest Receivable and Similar Income	0	0
Interest Payable and Similar Charges	( 495 )	( 1,141 )
Profit or (Loss) Before Tax	10,500	( 9,062 )
Profit or (Loss) for Period	10,500	( 9,062 )

The notes form part of these financial statements

Balance sheet

As at 31 March 2020

	Notes	2020 £	2019 £
Fixed assets
Tangible assets:	4	24,296	35,580
Total fixed assets:		24,296	35,580
Current assets
Debtors:	5	342	88,289
Total current assets:		342	88,289
Creditors: amounts falling due within one year:	6	( 23,935 )	( 137,347 )
Net current assets (liabilities):		( 23,593 )	( 49,058 )
Total assets less current liabilities:		703	( 13,478 )
Creditors: amounts falling due after more than one year:	7	( 61,310 )	( 57,629 )
Total net assets (liabilities):		( 60,607 )	( 71,107 )

The notes form part of these financial statements

Balance sheet continued

As at 31 March 2020

	2020 £	2019 £
Capital and reserves
Called up share capital:	1	1
Profit and loss account:	( 60,608 )	( 71,108 )
Shareholders funds:	( 60,607 )	( 71,107 )

For the year ending 31 March 2020 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 10 December 2021
And Signed On Behalf Of The Board By:

Name: David John West
Status: Director

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 March 2020

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 2020

2. Employees

	2020	2019
Average number of employees during the period	1	1

Notes to the Financial Statements

for the Period Ended 31 March 2020

3. Off balance sheet disclosure

No

Notes to the Financial Statements

for the Period Ended 31 March 2020

4. Tangible assets

	Plant & machinery	Fixtures & fittings	Office equipment	Motor vehicles	Total
Cost	£	£	£	£	£
At 01 April 2019	56,778	215	1,317	13,500	71,810
Additions	-	-	-	-	-
Disposals	-	-	-	-	-
Revaluations	-	-	-	-	-
Transfers	-	-	-	-	-
At 31 March 2020	56,778	215	1,317	13,500	71,810
Depreciation
At 01 April 2019	22,518	172	873	12,667	36,230
Charge for year	10,094	43	314	833	11,284
On disposals	-	-	-	-	-
Other adjustments	-	-	-	-	-
At 31 March 2020	32,612	215	1,187	13,500	47,514
Net book value
At 31 March 2020	24,166	0	130	0	24,296
At 31 March 2019	34,260	43	444	833	35,580

Notes to the Financial Statements

for the Period Ended 31 March 2020

5. Debtors

	2020 £	2019 £
Trade debtors	342	88,289
Total	342	88,289

Notes to the Financial Statements

for the Period Ended 31 March 2020

6.Creditors: amounts falling due within one year note

	2020 £	2019 £
Trade creditors	23,712	135,318
Taxation and social security	223	2,029
Total	23,935	137,347

Notes to the Financial Statements

for the Period Ended 31 March 2020

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

	2020 £	2019 £
Other creditors	61,310	57,629
Total	61,310	57,629

Director:		David John West


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


Company Registration Number:		05787896 (England and Wales)

Accounts Submission