2015-04-01
true
false
Private Limited Company
08884221
2016-03-31
08884221
2015-04-01
2016-03-31
08884221
2015-03-31
08884221
2014-02-10
2015-03-31
08884221
uk-bus:Director1
2015-04-01
2016-03-31
08884221
uk-gaap:PlantMachinery
2015-04-01
2016-03-31
08884221
uk-bus:OrdinaryShareClass1
2016-03-31
iso4217:GBP
For the year ended 31 March 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 08884221
2
| Abbreviated Balance Sheet |
Upwards & Outwards Ltd
2016
2015
2
8,854
11,805
8,854
11,805
-
3,405
475
-
3,880
-
| Creditors: amounts falling due within one year |
-
(12,493)
-
(8,613)
Net current liabilities
| Total assets less current liabilities |
241
11,805
241
Net assets
11,805
100
3
-
141
-
241
-
Shareholders funds
| For the year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. |
| Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; |
| 2) 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 in accordance with the provisions applicable to companies subject to the small companies' regime. |
| Date approved by the board: 01 June 2016 |
| Mr Craig Williams Director |
| Signed on behalf of the board of directors |
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3
| Notes to the Abbreviated Financial Statements |
Upwards & Outwards Ltd
For the year ended 31 March 2016
| The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
| The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities. |
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
| Proposed dividends are only included as liabilities in the financial statements when their payment has been approved |
| by the shareholders prior to the balance sheet date. |
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
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4
| Notes to the Abbreviated Financial Statements |
Upwards & Outwards Ltd
For the year ended 31 March 2016
15,740
15,740
3,935
2,951
Charge for year
6,886
8,854
11,805
| Allotted called up and fully paid |
2016
2015
| 100 Ordinary shares of £1.00 each |
100
100
100
100
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