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REGISTERED NUMBER: SC719161 (Scotland)















Unaudited Financial Statements

for the Period 7 January 2022 to 31 January 2023

for

Update Your Home UK Limited

Update Your Home UK Limited (Registered number: SC719161)






Contents of the Financial Statements
for the Period 7 January 2022 to 31 January 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


Update Your Home UK Limited (Registered number: SC719161)

Balance Sheet
31 January 2023

Notes £   
FIXED ASSETS
Tangible assets 4 214

CURRENT ASSETS
Cash at bank 5

CREDITORS
Amounts falling due within one year 5 (360 )
NET CURRENT LIABILITIES (355 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(141

)

CAPITAL AND RESERVES
Called up share capital 5
Retained earnings (146 )
(141 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2023 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 5 October 2023 and were signed by:





Mr A Atkinson - Director


Update Your Home UK Limited (Registered number: SC719161)

Notes to the Financial Statements
for the Period 7 January 2022 to 31 January 2023

1. STATUTORY INFORMATION

Update Your Home UK Limited is a private company, limited by shares, domiciled in Scotland, registration number SC719161. The registered office is 5 South Charlotte Street, Edinburgh, Scotland, EH2 4AN.

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 represents net invoiced sales of goods and services in respect of media representation, excluding value added tax. Sales are recognised at the point at which the goods are delivered or the service is complete.

Tangible fixed assets and depreciation
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 cost

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

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.

Update Your Home UK Limited (Registered number: SC719161)

Notes to the Financial Statements - continued
for the Period 7 January 2022 to 31 January 2023

2. ACCOUNTING POLICIES - continued

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 250
At 31 January 2023 250
DEPRECIATION
Charge for period 36
At 31 January 2023 36
NET BOOK VALUE
At 31 January 2023 214

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other creditors 360