Company Registration No. 06066350 (England and Wales)
Ultimate Fireworks Limited
Unaudited accounts
for the year ended 31 May 2021
Ultimate Fireworks Limited
Unaudited accounts
Contents
Ultimate Fireworks Limited
Company Information
for the year ended 31 May 2021
Director
Iain Mark Williams
Company Number
06066350 (England and Wales)
Registered Office
17 Augustine Avenue
Studley
Warwickshire
B80 7JN
Accountants
Integritax Accountants Ltd
68 Yardley Road
Acocks Green
Birmingham
B27 6LG
Ultimate Fireworks Limited
Statement of financial position
as at
31 May 2021
Tangible assets
3,057
3,397
Cash at bank and in hand
1,898
5,265
Creditors: amounts falling due within one year
(2,677)
(7,666)
Net current assets
8,312
6,573
Total assets less current liabilities
11,369
9,970
Creditors: amounts falling due after more than one year
(6,000)
-
Called up share capital
1,000
1,000
Profit and loss account
4,369
8,970
Shareholders' funds
5,369
9,970
For the year ending 31 May 2021 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.
The financial statements were approved by the Board and authorised for issue on 22 October 2021 and were signed on its behalf by
Iain Mark Williams
Director
Company Registration No. 06066350
Ultimate Fireworks Limited
Notes to the Accounts
for the year ended 31 May 2021
Ultimate Fireworks Limited is a private company, limited by shares, registered in England and Wales, registration number 06066350. The registered office is 17 Augustine Avenue, Studley, Warwickshire, B80 7JN.
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 May 2021 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 June 2019.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% on reducing balance
4
Tangible fixed assets
Plant & machinery
Cost or valuation
At cost
Ultimate Fireworks Limited
Notes to the Accounts
for the year ended 31 May 2021
5
Debtors: amounts falling due within one year
2021
2020
6
Creditors: amounts falling due within one year
2021
2020
Loans from directors
2,077
1,946
7
Creditors: amounts falling due after more than one year
2021
2020
8
Average number of employees
During the year the average number of employees was 1 (2020: 1).