Uplands Projects Limited - Accounts to registrar (filleted) - small 23.2

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 FEBRUARY 2022 TO 31 DECEMBER 2022

FOR

UPLANDS PROJECTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Certified Accountants' Report

6

DIRECTOR:

J R S Whewell

REGISTERED OFFICE:

Wyresdale Park

Snowhill Lane

Scorton

Preston

PR3 1BA

REGISTERED NUMBER:

10917607 (England and Wales)

ACCOUNTANTS:

Hewitt Card Limited

Chartered Certified Accountants

70-72 Nottingham Road

Mansfield

Nottinghamshire

NG18 1BN

FIXED ASSETS

Tangible assets

4

772,869

623,757

CURRENT ASSETS

Debtors

5

120,064

106,386

Cash at bank

1,351,166

726,323

1,471,230

832,709

CREDITORS

Amounts falling due within one year

6

1,431,707

1,237,295

NET CURRENT ASSETS/(LIABILITIES)

39,523

(404,586

)

TOTAL ASSETS LESS CURRENT LIABILITIES

812,392

219,171

CREDITORS

Amounts falling due after more than one year

7

(197,741

)

(36,298

)

PROVISIONS FOR LIABILITIES

(21,500

)

-

NET ASSETS

593,151

182,873

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

593,149

182,871

593,151

182,873

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 July 2023 and were signed by:

J R S Whewell - Director

1.	STATUTORY INFORMATION

Uplands Projects 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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 and VAT. Deposits received for future events are deferred until the event in question takes place.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Property improvements

-

Straight line over 20 years

Plant and machinery etc

-

20% on reducing balance and 20% on cost

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 period 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 period was 18 (2022 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Property

machinery

improvements

etc

Totals

£

£

£

COST

At 1 February 2022

642,721

137,467

780,188

Additions

198,726

3,874

202,600

At 31 December 2022

841,447

141,341

982,788

DEPRECIATION

At 1 February 2022

97,072

59,359

156,431

Charge for period

38,566

14,922

53,488

At 31 December 2022

135,638

74,281

209,919

NET BOOK VALUE

At 31 December 2022

705,809

67,060

772,869

At 31 January 2022

545,649

78,108

623,757

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 February 2022

18,350

Transfer to ownership

(4,500

)

At 31 December 2022

13,850

DEPRECIATION

At 1 February 2022

8,515

Charge for period

1,355

Transfer to ownership

(2,052

)

At 31 December 2022

7,818

NET BOOK VALUE

At 31 December 2022

6,032

At 31 January 2022

9,835

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.1.22

£

£

Trade debtors

118,314

106,186

Other debtors

1,750

200

120,064

106,386

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.1.22

£

£

Bank loans and overdrafts

47,185

9,617

Hire purchase contracts

941

4,175

Trade creditors

79,826

9,818

Taxation and social security

165,616

116,810

Other creditors

1,138,139

1,096,875

1,431,707

1,237,295

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.22

31.1.22

£

£

Bank loans

197,741

35,670

Hire purchase contracts

-

628

197,741

36,298

The following reproduces the text of the report prepared for the director 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 Director 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 Uplands Projects Limited for the period ended 31 December 2022 which comprise the Income Statement, Balance Sheet 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Uplands Projects Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Uplands Projects Limited and state those matters that we have agreed to state to the director of Uplands Projects Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Uplands Projects 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 Uplands Projects Limited. You consider that Uplands Projects Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Uplands Projects 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.

Hewitt Card Limited

Chartered Certified Accountants

70-72 Nottingham Road

Mansfield

Nottinghamshire

NG18 1BN

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