Accounts Submission

Company Accounts and Tax Online 08254043 Board of Directors 1.11.20 31.10.21 31.10.21 false iso4217:GBP xbrli:pure 08254043 2019-11-01 2020-10-31 08254043 2021-10-31 08254043 2020-11-01 2021-10-31 08254043 2020-10-31 08254043 countries:EnglandWales 2020-11-01 2021-10-31 08254043 curr:PoundSterling 2020-11-01 2021-10-31 08254043 uk-bus:PrivateLimitedCompanyLtd 2020-11-01 2021-10-31 08254043 uk-bus:FRS102 2020-11-01 2021-10-31 08254043 uk-bus:AuditExempt-NoAccountantsReport 2020-11-01 2021-10-31 08254043 uk-bus:FullAccounts 2020-11-01 2021-10-31 08254043 uk-bus:RegisteredOffice 2020-11-01 2021-10-31 08254043 uk-bus:Director1 2020-11-01 2021-10-31 08254043 uk-bus:Director1 2020-11-01 08254043 uk-bus:Director1 2021-10-31 08254043 core:AfterOneYear 2021-10-31 08254043 core:AfterOneYear 2020-10-31 08254043 core:WithinOneYear 2021-10-31 08254043 core:WithinOneYear 2020-10-31 08254043 core:WithinOneYear 2020-11-01 2021-10-31 08254043 core:AfterOneYear 2021-10-31 08254043 core:AfterOneYear 2020-10-31 08254043 core:AfterOneYear 2020-11-01 2021-10-31 08254043 core:ShareCapital 2021-10-31 08254043 core:ShareCapital 2020-10-31 08254043 core:RevaluationReserve 2021-10-31 08254043 core:RevaluationReserve 2020-10-31 08254043 core:RetainedEarningsAccumulatedLosses 2021-10-31 08254043 core:RetainedEarningsAccumulatedLosses 2020-10-31 08254043 core:Associate1 2020-11-01 2021-10-31 08254043 core:Associate1 2020-10-31 08254043 core:Associate1 2021-10-31 08254043 core:Associate1 2020-11-01 2021-10-31 08254043 core:Associate2 2020-11-01 2021-10-31 08254043 core:Associate2 2020-10-31 08254043 core:Associate2 2021-10-31 08254043 core:Associate2 2020-11-01 2021-10-31 08254043 core:Associate3 2020-11-01 2021-10-31 08254043 core:Associate3 2020-10-31 08254043 core:Associate3 2021-10-31 08254043 core:Associate3 2020-11-01 2021-10-31 08254043 1 2020-11-01 2021-10-31 08254043 core:LandBuildings 2020-11-01 2021-10-31 08254043 core:LandBuildings 2021-10-31 08254043 core:LandBuildings 2019-11-01 2020-10-31 08254043 core:LandBuildings 2020-10-31 08254043 core:PlantMachinery 2020-11-01 2021-10-31 08254043 core:PlantMachinery 2021-10-31 08254043 core:PlantMachinery 2019-11-01 2020-10-31 08254043 core:PlantMachinery 2020-10-31 08254043 core:FurnitureFittingsToolsEquipment 2020-11-01 2021-10-31 08254043 core:FurnitureFittingsToolsEquipment 2021-10-31 08254043 core:FurnitureFittingsToolsEquipment 2019-11-01 2020-10-31 08254043 core:FurnitureFittingsToolsEquipment 2020-10-31 08254043 core:OfficeEquipment 2020-11-01 2021-10-31 08254043 core:OfficeEquipment 2021-10-31 08254043 core:OfficeEquipment 2019-11-01 2020-10-31 08254043 core:OfficeEquipment 2020-10-31 08254043 core:Vehicles 2020-11-01 2021-10-31 08254043 core:Vehicles 2021-10-31 08254043 core:Vehicles 2019-11-01 2020-10-31 08254043 core:Vehicles 2020-10-31 08254043 core:NetGoodwill 2020-11-01 2021-10-31 08254043 core:NetGoodwill 2021-10-31 08254043 core:NetGoodwill 2019-11-01 2020-10-31 08254043 core:NetGoodwill 2020-10-31 08254043 core:IntangibleAssetsOtherThanGoodwill 2020-11-01 2021-10-31 08254043 core:IntangibleAssetsOtherThanGoodwill 2021-10-31 08254043 core:IntangibleAssetsOtherThanGoodwill 2019-11-01 2020-10-31 08254043 core:IntangibleAssetsOtherThanGoodwill 2020-10-31

Company Registration Number:
08254043 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2021

Period of accounts

Start date: 01 November 2020

End date: 31 October 2021

Contents of the Financial Statements

for the Period Ended 31 October 2021


Company Information - 3
Report of the Directors - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

Directors' Report Period Ended 31 October 2021

The directors present their report with the financial statements of the company for the period ended 31 October 2021

Principal Activities

The Company designed, develops, licences and sells computer-related software and services.

Directors

The directors shown below have held office during the whole of the period from 01 November 2020 to 31 October 2021
Nicolas W Smale

This report was approved by the board of directors on 29 July 2022
And Signed On Behalf Of The Board By:

Name: Nicolas W Smale
Status: Director

Balance sheet

As at 31 October 2021

	Notes	2021 £	2020 £
Fixed assets
Tangible assets:	4	1,814	2
Total fixed assets:		1,814	2
Current assets
Debtors:	5	474,362	441,440
Cash at bank and in hand:		1,124
Total current assets:		475,486	441,440
Creditors: amounts falling due within one year:	6	( 645,751 )	( 560,432 )
Net current assets (liabilities):		( 170,265 )	( 118,992 )
Total assets less current liabilities:		( 168,451 )	( 118,990 )
Total net assets (liabilities):		( 168,451 )	( 118,990 )

The notes form part of these financial statements

Balance sheet continued

As at 31 October 2021

	2021 £	2020 £
Capital and reserves
Called up share capital:	100	100
Profit and loss account:	( 168,551 )	( 119,090 )
Shareholders funds:	( 168,451 )	( 118,990 )

For the year ending 31 October 2021 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 29 July 2022
And Signed On Behalf Of The Board By:

Name: Nicolas W Smale
Status: Director

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 October 2021

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 October 2021

2. Employees

	2021	2020
Average number of employees during the period	1	1

Notes to the Financial Statements

for the Period Ended 31 October 2021

3. Off balance sheet disclosure

No

Notes to the Financial Statements

for the Period Ended 31 October 2021

4. Tangible assets

	Fixtures & fittings	Office equipment	Total
Cost	£	£	£
At 01 November 2020	207	11,681	11,888
Additions	-	1,812	1,812
Disposals	-	-	-
Revaluations	-	-	-
Transfers	-	-	-
At 31 October 2021	207	13,493	13,700
Depreciation
At 01 November 2020	206	11,680	11,886
Charge for year	-	-	-
On disposals	-	-	-
Other adjustments	-	-	-
At 31 October 2021	206	11,680	11,886
Net book value
At 31 October 2021	1	1,813	1,814
At 31 October 2020	1	1	2

Notes to the Financial Statements

for the Period Ended 31 October 2021

5. Debtors

	2021 £	2020 £
Other debtors	474,362	441,440
Total	474,362	441,440

Notes to the Financial Statements

for the Period Ended 31 October 2021

6.Creditors: amounts falling due within one year note

	2021 £	2020 £
Bank loans and overdrafts	871	871
Trade creditors	40,104	49,636
Taxation and social security	33,114	33,010
Accruals and deferred income	37,415	37,415
Other creditors	534,247	439,500
Total	645,751	560,432

Notes to the Financial Statements

for the Period Ended 31 October 2021

7.1.Related party disclosures

Name of related party:	Nicolas W Smale
Description of relationship:
Director and Owner
Description of the transaction:
Money advanced to Updraft Ltd by Mr Smale including expenses incurred on behalf of Updraft Ltd by Mr Smale but not repaid by the end of the period.
Balance at 01 November 2020	37,304
Balance at 31 October 2021	39,464

Name of related party:	Phoenicks Ltd
Description of relationship:
Mr Smale is Director and majority owner of Phoenicks Ltd
Description of the transaction:
As in previous years, there were transactions between Phoenicks Ltd and Updraft Ltd. For this financial year the transactions totalled net £19,079.
Balance at 01 November 2020	440,840
Balance at 31 October 2021	421,761

Notes to the Financial Statements

for the Period Ended 31 October 2021

7.2.Related party disclosures

Name of related party:	Herriard Recoveries Ltd
Description of relationship:
Mr Smale is Director and majority owner of Herriard Recoveries Ltd.
Description of the transaction:
As in previous years, there were transactions between Herriard Recoveries Ltd and Updraft Ltd. For this financial year the transactions totalled net £33,957.
Balance at 01 November 2020	343,930
Balance at 31 October 2021	377,887

Director:		Nicolas W Smale


Registered office:		Pepperbox Herriard Basingstoke Hampshire RG25 2PQ


Company Registration Number:		08254043 (England and Wales)

Accounts Submission