Up & Running (UK) Ltd SC427543 false 2022-01-01 2022-12-31 2022-12-31 The principal activity of the company is Retailing of running shoes, sporting goods and accessories Digita Accounts Production Advanced 6.30.9574.0 true SC427543 2022-01-01 2022-12-31 SC427543 2022-12-31 SC427543 core:CurrentFinancialInstruments 2022-12-31 SC427543 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 SC427543 bus:SmallEntities 2022-01-01 2022-12-31 SC427543 bus:AuditExemptWithAccountantsReport 2022-01-01 2022-12-31 SC427543 bus:AbridgedAccounts 2022-01-01 2022-12-31 SC427543 bus:SmallCompaniesRegimeForAccounts 2022-01-01 2022-12-31 SC427543 bus:RegisteredOffice 2022-01-01 2022-12-31 SC427543 bus:CompanySecretaryDirector1 2022-01-01 2022-12-31 SC427543 bus:Director2 2022-01-01 2022-12-31 SC427543 bus:Director3 2022-01-01 2022-12-31 SC427543 bus:Director4 2022-01-01 2022-12-31 SC427543 bus:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 SC427543 core:ComputerEquipment 2022-01-01 2022-12-31 SC427543 core:FurnitureFittings 2022-01-01 2022-12-31 SC427543 core:MotorVehicles 2022-01-01 2022-12-31 SC427543 countries:Scotland 2022-01-01 2022-12-31 SC427543 2021-12-31 SC427543 2021-01-01 2021-12-31 SC427543 2021-12-31 SC427543 core:CurrentFinancialInstruments 2021-12-31 SC427543 core:CurrentFinancialInstruments core:WithinOneYear 2021-12-31 iso4217:GBP xbrli:pure

Registration number: SC427543

Up & Running (UK) Ltd

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 December 2022

 

Up & Running (UK) Ltd

Contents

Company Information

1

Directors' Report

2

Abridged Balance Sheet

3 to 4

Notes to the Unaudited Abridged Financial Statements

5 to 6

 

Up & Running (UK) Ltd

Company Information

Directors

Mr D MacFarlane

Mrs G MacFarlane

Mrs M Holmes

Mr G P A Cunningham

Company secretary

Mr D MacFarlane

Registered office

272 Bath Street
Glasgow
G2 4JR

Accountants

Hudson Lees Limited
Chartered Certified Accountants
5 Hornbeam Square South
Hornbeam Business Park
Harrogate
North Yorkshire
HG2 8NB

 

Up & Running (UK) Ltd

Directors' Report for the Year Ended 31 December 2022

The directors present their report and the abridged financial statements for the year ended 31 December 2022.

Directors of the company

The directors who held office during the year were as follows:

Mr D MacFarlane - Company secretary and director

Mrs G MacFarlane

Mrs M Holmes

Mr G P A Cunningham

Principal activity

The principal activity of the company is Retailing of running shoes, sporting goods and accessories

Directors' statement

The financial results for the year were disappointing, especially after the encouraging results for 2021.
2022 was a challenging year for retailing, with the increase in energy costs, rocketing inflation, and the cost of living crisis.
However, the Directors consider 2022 to be a blip, and steps have been taken in 2023 which should see the company return to profit.
The shareholders are confident in the business model and have introduced personal funds to help with cash flow.
We are seeing positive growth in revenues this year compared with the same period in 2022.
The Directors are therefore confident that the loss sustained in 2022 was exceptional and that the company is now trading profitably again.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 31 July 2023 and signed on its behalf by:
 

.........................................
Mr D MacFarlane
Company secretary and director

 

Up & Running (UK) Ltd

(Registration number: SC427543)
Abridged Balance Sheet as at 31 December 2022

Note

2022
£

2021
£

Fixed assets

 

Tangible assets

4

427,357

420,824

Current assets

 

Stocks

1,876,531

2,240,036

Debtors

885,494

587,067

Cash at bank and in hand

 

125,845

149,928

 

2,887,870

2,977,031

Prepayments and accrued income

 

337,634

287,514

Creditors: Amounts falling due within one year

(2,875,108)

(2,312,886)

Net current assets

 

350,396

951,659

Total assets less current liabilities

 

777,753

1,372,483

Accruals and deferred income

 

(269,976)

(391,399)

Net assets

 

507,777

981,084

Capital and reserves

 

Called up share capital

5

100

100

Retained earnings

507,677

980,984

Shareholders' funds

 

507,777

981,084

For the financial year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

 

Up & Running (UK) Ltd

(Registration number: SC427543)
Abridged Balance Sheet as at 31 December 2022

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 31 July 2023 and signed on its behalf by:
 

.........................................
Mrs G MacFarlane
Director

 

Up & Running (UK) Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2022

1

General information

The address of its registered office is:
272 Bath Street
Glasgow
G2 4JR

The principal place of business is:
16 Station Parade
Harrogate
North Yorkshire
HG1 1UE

These financial statements were authorised for issue by the Board on 31 July 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

25% of reducing balance

Motor vehicles

25% of reducing balance

Computer equipment

33% of cost

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 167 (2021 - 168).

 

Up & Running (UK) Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2022

4

Tangible assets

Total
£

Cost or valuation

At 1 January 2022

989,291

Additions

137,011

Disposals

(21,514)

At 31 December 2022

1,104,788

Depreciation

At 1 January 2022

568,467

Charge for the year

126,308

Eliminated on disposal

(17,344)

At 31 December 2022

677,431

Net book value

At 31 December 2022

427,357

At 31 December 2021

420,824

5

Share capital

Allotted, called up and fully paid shares

 

2022

2021

 

No.

£

No.

£

Ordinary of £1 each

100

100

100

100