ULTRA-PRINT LIMITED,Ltd - Accounts

ULTRA-PRINT LIMITED,Ltd - Accounts

ULTRA-PRINT LIMITED - Company Information

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2015-10-01 true false Private Limited Company 06694958 2016-09-30 06694958 2015-10-01 2016-09-30 06694958 2015-09-30 06694958 2014-10-01 2015-09-30 06694958 uk-bus:Director1 2015-10-01 2016-09-30 06694958 uk-gaap:PlantMachinery 2015-10-01 2016-09-30 06694958 uk-gaap:MotorCars 2015-10-01 2016-09-30 06694958 uk-gaap:FixturesFittings 2015-10-01 2016-09-30 06694958 uk-bus:OrdinaryShareClass1 2016-09-30 06694958 uk-bus:OrdinaryShareClass2 2016-09-30 06694958 uk-bus:OrdinaryShareClass1 2015-10-01 2016-09-30 iso4217:GBP xbrli:shares
ULTRA-PRINT LIMITED
For the year ended 30 September 2016
Abbreviated Report and Financial Statements
England and Wales
Registered Number: 06694958
2
Contents Page
ULTRA-PRINT LIMITED
For the year ended 30 September 2016
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
3
ULTRA-PRINT LIMITED
Chartered Accountants' Report
For the year ended 30 September 2016
Chartered Accountants' Report to the Board of Directors
In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the
accounts of ULTRA-PRINT LIMITED for the year ended 30 September 2016 which comprise the Profit and Loss
Account, the Balance Sheet and the related notes from the company's accounting records and from information
and explanations you have given us.
As a practising firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its
ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of ULTRA-PRINT LIMITED, as a body, in accordance with the
terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the
accounts of ULTRA-PRINT LIMITED and state those matters that we have agreed to state to the Board of Directors
of ULTRA-PRINT LIMITED, as a body, in this report in accordance with AAF 2/10 as detailed at
icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone
other than ULTRA-PRINT LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that ULTRA-PRINT LIMITED has kept adequate accounting records to prepare statutory
accounts that give a true and fair view of the assets, liabilities, financial position and profit of ULTRA-PRINT
LIMITED. You consider that ULTRA-PRINT LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of ULTRA-PRINT LIMITED. For this
reason, we have not verified the accuracy or completeness of the accounting records or information and
explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Lofthouse & Co
36 Ropergate
Pontefract
West Yorkshire
WF8 1LY
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4
Abbreviated Balance Sheet
ULTRA-PRINT LIMITED
As at 30 September 2016
06694958
Registered Number :
£
£
2016
Notes
2015
Fixed assets
Tangible assets
2
24,033
18,680
24,033
18,680
Current assets
Stocks
3,780
3,920
Cash at bank and in hand
356,321
324,848
360,241
328,628
Creditors: amounts falling due within one year
(41,280)
(38,960)
287,348
321,281
Net current assets
Total assets less current liabilities
345,314
306,028
345,314
Net assets
306,028
Capital and reserves
Called up share capital
502
3
501
Profit and loss account
344,812
305,527
345,314
306,028
Shareholders funds
For the year ended 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) 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.
Date approved by the board: 27 March 2017
J Davison Director
Signed on behalf of the board of directors
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5
Notes to the Abbreviated Financial Statements
ULTRA-PRINT LIMITED
For the year ended 30 September 2016
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Dividends
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
by the shareholders prior to the balance sheet date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
15% Reducing balance
Motor Vehicles
25 Reducing balance
Fixtures and Fittings
15 Reducing balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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6
Notes to the Abbreviated Financial Statements
ULTRA-PRINT LIMITED
For the year ended 30 September 2016
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
46,905
At 01 October 2015
127,315
Additions
(117,721)
Disposals
At 30 September 2016
56,499
Depreciation
28,225
At 01 October 2015
(2,453)
Disposals
6,694
Charge for year
32,466
At 30 September 2016
Net book values
At 30 September 2016
24,033
18,680
At 30 September 2015
3 Share capital
Authorised
1,000 Class A shares of £1.00 each
1,000 Class B shares of £1.00 each
Allotted called up and fully paid
2016
2015
£
£
500 Class A shares of £1.00 each
499
500
2 Class B shares of £1.00 each
2
2
502
501
1Class A £1.00 share has been issued during the year at par for a cash consideration of £1.
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