Company Registration No. 07868273 (England and Wales)
Ulterium Limited
Unaudited accounts
for the year ended 31 December 2016
Ulterium Limited
Unaudited accounts
Contents
Ulterium Limited
Company Information
for the year ended 31 December 2016
Company Number
07868273 (England and Wales)
Registered Office
39 Southlands Way
Congresbury
Bristol
Somerset
BS49 5BW
United Kingdom
Accountants
Redbox Accountancy Limited
100 South Street
Bishop's Stortford
Hertfordshire
CM23 3BG
Ulterium Limited
Statement of financial position
as at
31 December 2016
Tangible assets
5,762
7,683
Cash at bank and in hand
-
900
Creditors: amounts falling due within one year
(12,787)
(10,463)
Net current liabilities
(5,761)
(3,263)
Called up share capital
1
1
Profit and loss account
-
4,419
Shareholders' funds
1
4,420
For the year ending 31 December 2016 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 13 September 2017.
Matthew Ayers
Director
Company Registration No. 07868273
Ulterium Limited
Notes to the Accounts
for the year ended 31 December 2016
Ulterium Limited is a private company, limited by shares, registered in England and Wales, registration number 07868273. The registered office and principal place of business is 39 Southlands Way, Congresbury, Bristol, Somerset, BS49 5BW, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 December 2016 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2016.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
25% Reducing Balance Basis
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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Ulterium Limited
Notes to the Accounts
for the year ended 31 December 2016
4
Tangible fixed assets
Plant & machinery
Cost or valuation
At cost
At 31 December 2016
16,489
Charge for the year
1,921
At 31 December 2016
10,727
At 31 December 2016
5,762
At 31 December 2015
7,683
Trade debtors
7,026
6,300
6
Creditors: amounts falling due within one year
2016
2015
Bank loans and overdrafts
4,875
-
Taxes and social security
5,124
5,963
Loans from directors
2,029
3,862
7
Share capital
2016
2015
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Average number of employees
During the year the average number of employees was 2 (2015: 2).