Accounts Submission

ULTIMATE SPEED LIMITED - Company Information

Company Accounts and Tax Online 05787896 Board of Directors 1.4.16 31.3.17 31.3.17 false iso4217:GBP xbrli:pure 05787896 2015-04-01 2016-03-31 05787896 2017-03-31 05787896 2016-04-01 2017-03-31 05787896 2016-03-31 05787896 countries:EnglandWales 2016-04-01 2017-03-31 05787896 curr:PoundSterling 2016-04-01 2017-03-31 05787896 uk-bus:PrivateLimitedCompanyLtd 2016-04-01 2017-03-31 05787896 uk-bus:FRS102 2016-04-01 2017-03-31 05787896 uk-bus:AuditExempt-NoAccountantsReport 2016-04-01 2017-03-31 05787896 uk-bus:FullAccounts 2016-04-01 2017-03-31 05787896 uk-bus:RegisteredOffice 2016-04-01 2017-03-31 05787896 uk-bus:Director1 2016-04-01 2017-03-31 05787896 uk-bus:Director1 2016-04-01 05787896 uk-bus:Director1 2017-03-31 05787896 core:AfterOneYear 2017-03-31 05787896 core:AfterOneYear 2016-03-31 05787896 core:WithinOneYear 2017-03-31 05787896 core:WithinOneYear 2016-03-31 05787896 core:WithinOneYear 2016-04-01 2017-03-31 05787896 core:AfterOneYear 2017-03-31 05787896 core:AfterOneYear 2016-03-31 05787896 core:AfterOneYear 2016-04-01 2017-03-31 05787896 core:ShareCapital 2017-03-31 05787896 core:ShareCapital 2016-03-31 05787896 core:RevaluationReserve 2017-03-31 05787896 core:RevaluationReserve 2016-03-31 05787896 core:RetainedEarningsAccumulatedLosses 2017-03-31 05787896 core:RetainedEarningsAccumulatedLosses 2016-03-31 05787896 1 2016-04-01 2017-03-31 05787896 core:LandBuildings 2016-04-01 2017-03-31 05787896 core:LandBuildings 2017-03-31 05787896 core:LandBuildings 2015-04-01 2016-03-31 05787896 core:LandBuildings 2016-03-31 05787896 core:PlantMachinery 2016-04-01 2017-03-31 05787896 core:PlantMachinery 2017-03-31 05787896 core:PlantMachinery 2015-04-01 2016-03-31 05787896 core:PlantMachinery 2016-03-31 05787896 core:FurnitureFittingsToolsEquipment 2016-04-01 2017-03-31 05787896 core:FurnitureFittingsToolsEquipment 2017-03-31 05787896 core:FurnitureFittingsToolsEquipment 2015-04-01 2016-03-31 05787896 core:FurnitureFittingsToolsEquipment 2016-03-31 05787896 core:OfficeEquipment 2016-04-01 2017-03-31 05787896 core:OfficeEquipment 2017-03-31 05787896 core:OfficeEquipment 2015-04-01 2016-03-31 05787896 core:OfficeEquipment 2016-03-31 05787896 core:Vehicles 2016-04-01 2017-03-31 05787896 core:Vehicles 2017-03-31 05787896 core:Vehicles 2015-04-01 2016-03-31 05787896 core:Vehicles 2016-03-31 05787896 core:NetGoodwill 2016-04-01 2017-03-31 05787896 core:NetGoodwill 2017-03-31 05787896 core:NetGoodwill 2015-04-01 2016-03-31 05787896 core:NetGoodwill 2016-03-31 05787896 core:IntangibleAssetsOtherThanGoodwill 2016-04-01 2017-03-31 05787896 core:IntangibleAssetsOtherThanGoodwill 2017-03-31 05787896 core:IntangibleAssetsOtherThanGoodwill 2015-04-01 2016-03-31 05787896 core:IntangibleAssetsOtherThanGoodwill 2016-03-31

Company Registration Number:
05787896 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2017

Period of accounts

Start date: 01 April 2016

End date: 31 March 2017

Contents of the Financial Statements

for the Period Ended 31 March 2017


Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 9

Directors' Report Period Ended 31 March 2017

The directors present their report with the financial statements of the company for the period ended 31 March 2017

Principal Activities

Preparation and on event support for motor vehicles

Directors

The directors shown below have held office during the whole of the period from 01 April 2016 to 31 March 2017
David John West

This report was approved by the board of directors on 31 January 2018
And Signed On Behalf Of The Board By:

Name: David John West
Status: Director

Profit and Loss Account

for the Period Ended 31 March 2017

	2017 £	2016 £
Turnover	185,577	111,479
Cost of sales	(125,529)	(84,031)
Gross Profit or (Loss)	60,048	27,448
Distribution Costs	(0)	(0)
Administrative Expenses	(65,598)	(50,949)
Operating Profit or (Loss)	(5,550)	(23,501)
Interest Payable and Similar Charges	(644)	(252)
Profit or (Loss) Before Tax	(6,194)	(23,753)
Profit or (Loss) for Period	(6,194)	(23,753)

The notes form part of these financial statements

Balance sheet

As at 31 March 2017

	Notes	2017 £	2016 £
Fixed assets
Tangible assets:	2	8,617	6,655
Total fixed assets:		8,617	6,655
Current assets
Debtors:	3	8,721	3,927
Total current assets:		8,721	3,927
Creditors: amounts falling due within one year:	4	( 21,872 )	( 18,527 )
Net current assets (liabilities):		( 13,151 )	( 14,600 )
Total assets less current liabilities:		( 4,534 )	( 7,945 )
Creditors: amounts falling due after more than one year:	5	( 26,513 )	( 16,090 )
Total net assets (liabilities):		( 31,047 )	( 24,035 )

The notes form part of these financial statements

Balance sheet continued

As at 31 March 2017

	2017 £	2016 £
Capital and reserves
Called up share capital:	1	1
Profit and loss account:	( 31,048 )	( 24,036 )
Shareholders funds:	( 31,047 )	( 24,035 )

For the year ending 31 March 2017 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 31 January 2018
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 2017

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 2017

2. Tangible assets

	Plant & machinery	Fixtures & fittings	Office equipment	Motor vehicles	Total
Cost	£	£	£	£	£
At 01 April 2016	6,778	215	67	7,500	14,560
Additions	-	-	1,250	6,000	7,250
Disposals	-	-	-	-	-
Revaluations	-	-	-	-	-
Transfers	-	-	-	-	-
At 31 March 2017	6,778	215	1,317	13,500	21,810
Depreciation
At 01 April 2016	2,845	43	17	5,000	7,905
Charge for year	1,380	43	198	3,667	5,288
On disposals	-	-	-	-	-
Other adjustments	-	-	-	-	-
At 31 March 2017	4,225	86	215	8,667	13,193
Net book value
At 31 March 2017	2,553	129	1,102	4,833	8,617
At 31 March 2016	3,933	172	50	2,500	6,655

Notes to the Financial Statements

for the Period Ended 31 March 2017

3. Debtors

	2017 £	2016 £
Trade debtors	8,721	3,927
Total	8,721	3,927

Notes to the Financial Statements

for the Period Ended 31 March 2017

4.Creditors: amounts falling due within one year note

	2017 £	2016 £
Trade creditors	21,611	18,527
Taxation and social security	261
Total	21,872	18,527

Notes to the Financial Statements

for the Period Ended 31 March 2017

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

	2017 £	2016 £
Other creditors	26,513	16,090
Total	26,513	16,090

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