Registration number:
Up & Running (UK) Ltd
for the Year Ended 31 December 2022
Up & Running (UK) Ltd
Contents
Company Information |
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Directors' Report |
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Abridged Balance Sheet |
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Notes to the Unaudited Abridged Financial Statements |
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 |
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Accountants |
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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:
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
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Up & Running (UK) Ltd
(Registration number: SC427543)
Abridged Balance Sheet as at 31 December 2022
Note |
2022 |
2021 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Prepayments and accrued income |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Accruals and deferred income |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
100 |
100 |
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Retained earnings |
507,677 |
980,984 |
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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:
• |
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• |
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
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Up & Running (UK) Ltd
Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2022
General information |
The address of its registered office is:
The principal place of business is:
16 Station Parade
Harrogate
North Yorkshire
HG1 1UE
These financial statements were authorised for issue by the
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 |
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Up & Running (UK) Ltd
Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2022
Tangible assets |
Total |
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Cost or valuation |
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At 1 January 2022 |
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Additions |
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Disposals |
( |
At 31 December 2022 |
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Depreciation |
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At 1 January 2022 |
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Charge for the year |
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Eliminated on disposal |
( |
At 31 December 2022 |
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Net book value |
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At 31 December 2022 |
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At 31 December 2021 |
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Share capital |
Allotted, called up and fully paid shares
2022 |
2021 |
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No. |
£ |
No. |
£ |
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Ordinary of £1 each |
100 |
100 |
100 |
100 |