Ultra Premium Brands Ltd

ULTRA PREMIUM BRANDS LIMITED - Company Information

true false 1 January 2015 31 December 2015 31 December 2015 true false 4838788 true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 4838788 2014-12-31 4838788 2015-12-31 4838788 2015-01-01 2015-12-31 4838788 uk-gaap:RestatedAmount 2014-12-31 4838788 uk-gaap:RestatedAmount 2015-12-31 4838788 uk-gaap:NetGoodwill 2014-12-31 4838788 uk-gaap:NetGoodwill 2015-12-31 4838788 uk-gaap:NetGoodwill 2015-01-01 2015-12-31 4838788 uk-gaap:OtherIntangibleFixedAssets 2015-01-01 2015-12-31 4838788 uk-gaap:IntangibleAssetsOtherThanGoodwill 2014-12-31 4838788 uk-gaap:IntangibleAssetsOtherThanGoodwill 2015-12-31 4838788 uk-gaap:IntangibleAssetsOtherThanGoodwill 2015-01-01 2015-12-31 4838788 uk-gaap:DevelopmentCosts 2014-12-31 4838788 uk-gaap:DevelopmentCosts 2015-12-31 4838788 uk-gaap:DevelopmentCosts 2015-01-01 2015-12-31 4838788 uk-gaap:LandBuildings uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2014-12-31 4838788 uk-gaap:LandBuildings uk-gaap:OwnedOrFreeholdTangibleFixedAssets 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Registered number: 4838788

Abbreviated accounts

For The Year Ended 31 December 2015

James Walsh Accountant Limited

19 Titan Court

Laporte Way

Luton

Bedfordshire

LU4 8EF

Ultra Premium Brands Ltd

Company No. 4838788

Abbreviated Balance Sheet 31 December 2015

Abbreviated Balance Sheet

		2015		2014
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	2		274,718		-
Tangible Assets	3		862		1,149

			275,580		1,149
CURRENT ASSETS
Stocks		182,342		105,241
Debtors		332,501		315,610
Cash at bank and in hand		858		9,730

		515,701		430,581
Creditors: Amounts Falling Due Within One Year		(615,329)		(431,103)

NET CURRENT ASSETS (LIABILITIES)			(99,628)		(522)

TOTAL ASSETS LESS CURRENT LIABILITIES			175,952		627

NET ASSETS			175,952		627

CAPITAL AND RESERVES
Called up share capital	4		5,935,068		5,935,068
Profit and Loss Account			(5,759,116)		(5,934,441)

SHAREHOLDERS' FUNDS			175,952		627

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Ultra Premium Brands Ltd

Company No. 4838788

Abbreviated Balance Sheet (continued) 31 December 2015

For the year ending 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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 abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).

On behalf of the board

Mr Ari Koivula

26th September 2016

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Ultra Premium Brands Ltd

Notes to the Abbreviated Accounts

For The Year Ended 31 December 2015

Notes to the Abbreviated Accounts

Accounting Policies

Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Research and Development

Expenditure on research and developmentwill be written off over the five years following the year it is incurred. There is no write off in the current year.

Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

25% reducing balance method

Stocks and Work in Progress

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. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

Intangible Assets


	Total
Cost	£
As at 1 January 2015	-
Additions	274,718

As at 31 December 2015	274,718

Net Book Value
As at 31 December 2015	274,718

As at 1 January 2015	-

Page 3

Ultra Premium Brands Ltd

Notes to the Abbreviated Accounts (continued)

For The Year Ended 31 December 2015

Tangible Assets


	Total
Cost	£
As at 1 January 2015	1,347

As at 31 December 2015	1,347

Depreciation
As at 1 January 2015	198
Provided during the period	287

As at 31 December 2015	485

Net Book Value
As at 31 December 2015	862

As at 1 January 2015	1,149

Share Capital

	Value	Number	2015	2014
Allotted, called up and fully paid	£		£	£
Ordinary shares	1.000	1720250	1,720,250	1,720,250


Preference shares	1.000	4214818	4,214,818	4,214,818



		5935068	5,935,068	5,935,068

Transactions With and Loans to Directors

Included within Debtors are the following loans to directors:

	As at 1 January 2015	Amounts advanced	Amounts repaid	As at 31 December 2015
	£	£	£	£
Mr Ari Koivula	(30,968)	-	30,968	-

The above loan is unsecured, interest free and repayable on demand.

Controlling Party

The company's controlling party is Mr Ari Koivula by virtue of his ownership of 73% of the issued share capital in the company.

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