Upward Powered Access Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04922875 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2018

for

Upward Powered Access Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

P Johnson

J King

SECRETARY:

P Johnson

REGISTERED OFFICE:

Site L

Kingston Business Park

Kingston Bagpuize

Abingdon

Oxfordshire

OX13 5AS

REGISTERED NUMBER:

04922875 (England and Wales)

ACCOUNTANTS:

Chapman Robinson and Moore Limited

30 Bankside Court

Stationfields

Kidlington

Oxford

OX5 1JE

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a

Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Upward Powered Access Limited for the year ended 31 October 2018 which comprise the

Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's

accounting records and from information and explanations you have given us.

As a practising member 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Upward Powered Access Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Upward Powered Access Limited and state those matters that we have agreed to state to the Board of Directors of Upward Powered Access Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Upward Powered Access Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Upward Powered Access Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Upward Powered Access Limited. You consider that Upward Powered Access 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 financial statements of Upward Powered Access 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 financial statements.

Chapman Robinson and Moore Limited

30 Bankside Court

Stationfields

Kidlington

Oxford

OX5 1JE

Date: .............................................

FIXED ASSETS

Tangible assets

4

3,885,872

3,471,670

CURRENT ASSETS

Debtors

5

420,586

425,515

Cash at bank

15,638

70,646

436,224

496,161

CREDITORS

Amounts falling due within one year

6

(1,079,694

)

(844,517

)

NET CURRENT LIABILITIES

(643,470

)

(348,356

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,242,402

3,123,314

CREDITORS

Amounts falling due after more than one
year

7

(2,190,755

)

(2,326,380

)

PROVISIONS FOR LIABILITIES

(231,264

)

(174,170

)

NET ASSETS

820,383

622,764

CAPITAL AND RESERVES

Called up share capital

6

Retained earnings

820,377

622,758

820,383

622,764

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the
end of each financial year and of its profit or loss for each financial year in accordance with the requirements of
Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating
to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 14 February 2019 and were signed on its behalf
by:

P Johnson - Director

1.	STATUTORY INFORMATION

Upward Powered Access Limited is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address can be found on the Company Information

page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance and 10% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account,

except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different

from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and

laws that have been enacted or substantively enacted by the year end and that are expected to apply to the

reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that

they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's

pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2017 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2017

4,710,282

Additions

999,455

Disposals

(181,520

)

At 31 October 2018

5,528,217

DEPRECIATION

At 1 November 2017

1,238,612

Charge for year

548,394

Eliminated on disposal

(144,661

)

At 31 October 2018

1,642,345

NET BOOK VALUE

At 31 October 2018

3,885,872

At 31 October 2017

3,471,670

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/10/18

31/10/17

£

Trade debtors

412,562

408,954

Other debtors

8,024

16,561

420,586

425,515

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/10/18

31/10/17

£

Bank loans and overdrafts

-

2,208

Hire purchase contracts

934,418

715,319

Trade creditors

52,274

49,144

Taxation and social security

15,945

61,588

Other creditors

77,057

16,258

1,079,694

844,517

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/10/18

31/10/17

£

Hire purchase contracts

2,011,858

2,147,483

Other creditors

178,897

2,190,755

2,326,380

Upward Powered Access Limited - Accounts to registrar (filleted) - small 18.2

Upward Powered Access Limited - Accounts to registrar (filleted) - small 18.2