Accounts Submission

ULTIMATE SPEED LIMITED - Company Information

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Company Registration Number:
05787896 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2021

Period of accounts

Start date: 01 April 2020

End date: 31 March 2021

Contents of the Financial Statements

for the Period Ended 31 March 2021


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 2021

The directors present their report with the financial statements of the company for the period ended 31 March 2021

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 corona virus and other commitments.

Directors

The directors shown below have held office during the whole of the period from 01 April 2020 to 31 March 2021
DAVID JOHN WEST

This report was approved by the board of directors on 30 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 2021

	2021 £	2020 £
Turnover	6,081	46,000
Cost of sales	( 4,120 )	( 0 )
Gross Profit or (Loss)	1,961	46,000
Income from coronavirus (COVID-19) business support grants	0	0
Distribution Costs	( 0 )	( 0 )
Administrative Expenses	( 19,360 )	( 35,005 )
Other operating income	0	0
Operating Profit or (Loss)	( 17,399 )	10,995
Interest Receivable and Similar Income	0	0
Interest Payable and Similar Charges	( 270 )	( 495 )
Profit or (Loss) Before Tax	( 17,669 )	10,500
Tax on Profit	( 0 )	( 0 )
Profit or (Loss) for Period	( 17,669 )	10,500

The notes form part of these financial statements

Balance sheet

As at 31 March 2021

	Notes	2021 £	2020 £
Fixed assets
Tangible assets:	4	13,113	24,296
Total fixed assets:		13,113	24,296
Current assets
Debtors:	5	27,195	342
Total current assets:		27,195	342
Creditors: amounts falling due within one year:	6	( 15,481 )	( 23,935 )
Net current assets (liabilities):		11,714	( 23,593 )
Total assets less current liabilities:		24,827	703
Creditors: amounts falling due after more than one year:	7	( 103,103 )	( 61,310 )
Total net assets (liabilities):		( 78,276 )	( 60,607 )

The notes form part of these financial statements

Balance sheet continued

As at 31 March 2021

	2021 £	2020 £
Capital and reserves
Called up share capital:	1	1
Profit and loss account:	( 78,277 )	( 60,608 )
Shareholders funds:	( 78,276 )	( 60,607 )

For the year ending 31 March 2021 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 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 2021

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 2021

2. Employees

	2021	2020
Average number of employees during the period	1	1

Notes to the Financial Statements

for the Period Ended 31 March 2021

3. Off balance sheet disclosure

No

Notes to the Financial Statements

for the Period Ended 31 March 2021

4. Tangible assets

	Plant & machinery	Fixtures & fittings	Office equipment	Motor vehicles	Total
Cost	£	£	£	£	£
At 01 April 2020	56,778	215	1,317	13,500	71,810
Additions	-	-	-	-	-
Disposals	-	-	-	-	-
Revaluations	-	-	-	-	-
Transfers	-	-	-	-	-
At 31 March 2021	56,778	215	1,317	13,500	71,810
Depreciation
At 01 April 2020	32,612	215	1,187	13,500	47,514
Charge for year	11,053	0	130	0	11,183
On disposals	-	-	-	-	-
Other adjustments	-	-	-	-	-
At 31 March 2021	43,665	215	1,317	13,500	58,697
Net book value
At 31 March 2021	13,113	0	0	0	13,113
At 31 March 2020	24,166	0	130	0	24,296

Notes to the Financial Statements

for the Period Ended 31 March 2021

5. Debtors

	2021 £	2020 £
Trade debtors	27,195	342
Total	27,195	342

Notes to the Financial Statements

for the Period Ended 31 March 2021

6.Creditors: amounts falling due within one year note

	2021 £	2020 £
Trade creditors	15,481	23,712
Taxation and social security	0	223
Total	15,481	23,935

Notes to the Financial Statements

for the Period Ended 31 March 2021

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

	2021 £	2020 £
Other creditors	103,103	61,310
Total	103,103	61,310

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