The Ultimate Solution Partnership Ltd Small abbreviated accounts

THE ULTIMATE SOLUTION PARTNERSHIP LIMITED - Company Information

FY Private Limited Company Company accounts 2017-06-19 2017-06-19 false true false false false false false false false false false false true true 2015-12-01 true xbrli:pure xbrli:shares iso4217:GBP 04224527 2015-12-01 2016-11-30 04224527 2016-11-30 04224527 2015-11-30 04224527 2015-11-30 04224527 uk-gaap:FixturesFittings 2015-12-01 2016-11-30 04224527 uk-gaap:OfficeEquipment 2015-12-01 2016-11-30 04224527 uk-bus:EntityAccountantsOrAuditors uk-bus:PrincipalAgent 2015-12-01 2016-11-30 04224527 uk-bus:OrdinaryShareClass1 2015-12-01 2016-11-30 04224527 uk-bus:Director1 2015-12-01 2016-11-30 04224527 uk-gaap:AllSubsidiaries 2015-12-01 2016-11-30 04224527 uk-bus:OrdinaryShareClass1 2016-11-30 04224527 uk-bus:OrdinaryShareClass1 2015-11-30 04224527 uk-lang:English 2015-12-01 2016-11-30 04224527 uk-curr:PoundSterling 2015-12-01 2016-11-30 04224527 uk-gaap:LandBuildings uk-gaap:ShortLeaseholdProperties 2015-12-01 2016-11-30

COMPANY REGISTRATION NUMBER 04224527

THE ULTIMATE SOLUTION PARTNERSHIP LTD

ABBREVIATED ACCOUNTS

30 November 2016

ACCOUNTS UNLOCKED LLP

Chartered Certified Accountants

Repton Manor

Repton Avenue

Ashford

Kent

TN23 3GP

THE ULTIMATE SOLUTION PARTNERSHIP LTD

ABBREVIATED BALANCE SHEET

30 November 2016

		2016		2015
Note		£	£	£
FIXED ASSETS	2
Tangible assets			23,470	28,964
			---------	---------

CURRENT ASSETS

Debtors	816,840		962,578
Cash at bank and in hand	63,818		231,910
	----------		-------------
	880,658		1,194,488
CREDITORS: Amounts falling due within one year	694,241		997,168
	----------		-------------
NET CURRENT ASSETS		186,417	197,320
		----------	----------
TOTAL ASSETS LESS CURRENT LIABILITIES		209,887	226,284

PROVISIONS FOR LIABILITIES	3,437	3,964
	----------	----------
	206,450	222,320
	----------	----------

CAPITAL AND RESERVES

Called up equity share capital	3	1,000	1,000
Profit and loss account		205,450	221,320
		----------	----------
SHAREHOLDERS' FUNDS		206,450	222,320
		----------	----------

For the year ended 30 November 2016 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 of its accounts for the year in question in accordance with section 476; and

- 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 special provisions applicable to companies subject to the small companies regime.

These abbreviated accounts were approved by the directors and authorised for issue on 23 May 2017 , and are signed on their behalf by:

R D Smith Director

Company Registration Number: 04224527

THE ULTIMATE SOLUTION PARTNERSHIP LTD

NOTES TO THE ABBREVIATED ACCOUNTS

YEAR ENDED 30 NOVEMBER 2016

1. ACCOUNTING POLICIES

Basis of accounting

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

Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Fixed assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Leasehold Property-20% straight line

Fixtures & Fittings-15% reducing balance

Equipment-20% reducing balance

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Pension costs

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax, with the following exceptions:

Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose of the assets concerned. However, no provision is made where, on the basis of all available evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled over into replacement assets and charged to tax only where the replacement assets are sold.

Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

2. FIXED ASSETS

	Tangible Assets
	£

COST

At 1 December 2015	46,906
Additions	200
	---------
At 30 November 2016	47,106
	---------

DEPRECIATION

At 1 December 2015	17,942
Charge for year	5,694
	---------
At 30 November 2016	23,636
	---------

NET BOOK VALUE

At 30 November 2016	23,470
	---------

At 30 November 2015	28,964
	---------

3. SHARE CAPITAL

Allotted, called up and fully paid:

	2016		2015
	No.	£	No.	£
Ordinary shares of £ 1 each	1,000	1,000	1,000	1,000
	-------	-------	-------	-------