Abbreviated Company Accounts - ULTIMATE METALS LIMITED

ULTIMATE METALS LIMITED - Company Information

05499013 ULTIMATE METALS LIMITED 2015-07-31 false 2014-08-01 2015-07-31 true 05499013 2014-08-01 2015-07-31 05499013 2015-07-31 05499013 2014-07-31 05499013 uk-gaap-cd-bus:Director1 2014-08-01 2015-07-31 05499013 uk-gaap-cd-bus:Director2 2014-08-01 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-08-01 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-08-01 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass2 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass3 2014-08-01 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass3 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass3 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass4 2014-08-01 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass4 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass4 2014-07-31 iso4217:GBP shares

Registered Number 05499013

ULTIMATE METALS LIMITED

Abbreviated Accounts

31 July 2015

ULTIMATE METALS LIMITED Registered Number 05499013

Abbreviated Balance Sheet as at 31 July 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	3,102	5,095
		3,102	5,095
Current assets
Debtors		325,910	377,726
Cash at bank and in hand		555,084	367,358
		880,994	745,084
Creditors: amounts falling due within one year		(231,436)	(248,909)
Net current assets (liabilities)		649,558	496,175
Total assets less current liabilities		652,660	501,270
Provisions for liabilities		(620)	(1,019)
Total net assets (liabilities)		652,040	500,251
Capital and reserves
Called up share capital	3	4	1
Profit and loss account		652,036	500,250
Shareholders' funds		652,040	500,251

For the year ending 31 July 2015 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 29 April 2016

And signed on their behalf by:
Mr N Edgar, Director

ULTIMATE METALS LIMITED Registered Number 05499013

Notes to the Abbreviated Accounts for the period ended 31 July 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention.
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows::

Plant and Machinery over 5 years
Fixtures, fittings and equipment over 5 years

2Tangible fixed assets

	£
Cost
At 1 August 2014	15,554
Additions	667
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2015	16,221
Depreciation
At 1 August 2014	10,459
Charge for the year	2,660
On disposals	-
At 31 July 2015	13,119
Net book values
At 31 July 2015	3,102
At 31 July 2014	5,095

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
1 Ordinary share of £1 each	1	1
1 A Ordinary share of £1 each (0 shares for 2014)	1	0
1 B Ordinary share of £1 each (0 shares for 2014)	1	0
1 C Ordinary shares of £1 each (0 shares for 2014)	1	0