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Unaudited Financial Statements

for the Period 1 December 2021 to 31 March 2023

for

Upright Construction (South East) Ltd

Upright Construction (South East) Ltd (Registered number: 07138155)

Contents of the Financial Statements
for the Period 1 December 2021 to 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Upright Construction (South East) Ltd

Company Information
for the Period 1 December 2021 to 31 March 2023







DIRECTORS: M J Charlton
A J Wakeford
B J Wilson





REGISTERED OFFICE: 14 West Street
Reigate
Surrey
RH2 9BS





REGISTERED NUMBER: 07138155 (England and Wales)





ACCOUNTANTS: Williams & Co Epsom LLP
Chartered Accountants
8-10 South Street
Epsom
Surrey
KT18 7PF

Upright Construction (South East) Ltd (Registered number: 07138155)

Balance Sheet
31 March 2023

2023 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,515 -
Tangible assets 5 183,077 181,574
Investments 6 100 -
187,692 181,574

CURRENT ASSETS
Stocks 8,850 8,850
Debtors 7 705,990 1,211,157
Cash at bank and in hand 45,582 87,964
760,422 1,307,971
CREDITORS
Amounts falling due within one year 8 749,229 1,184,404
NET CURRENT ASSETS 11,193 123,567
TOTAL ASSETS LESS CURRENT
LIABILITIES

198,885

305,141

CREDITORS
Amounts falling due after more than one
year

9

(187,396

)

(240,240

)

PROVISIONS FOR LIABILITIES 10 (4,349 ) (2,415 )
NET ASSETS 7,140 62,486

CAPITAL AND RESERVES
Called up share capital 11 300 200
Retained earnings 6,840 62,286
SHAREHOLDERS' FUNDS 7,140 62,486

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Upright Construction (South East) Ltd (Registered number: 07138155)

Balance Sheet - continued
31 March 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 August 2023 and were signed on its behalf by:





M J Charlton - Director


Upright Construction (South East) Ltd (Registered number: 07138155)

Notes to the Financial Statements
for the Period 1 December 2021 to 31 March 2023


1. STATUTORY INFORMATION

Upright Construction (South East) Ltd 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 represents revenue recognised in the accounts. Revenue is recognised when the company fulfils its contractual obligation to customers by supplying goods or services and excludes value added tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of 5 years.

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.
Improvements to property - 25% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - Straight line over 3 years
Motor vehicles - 25% on cost
Computer equipment - Straight line over 3 years

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

Upright Construction (South East) Ltd (Registered number: 07138155)

Notes to the Financial Statements - continued
for the Period 1 December 2021 to 31 March 2023


2. ACCOUNTING POLICIES - continued

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 11 (2021 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 5,315
At 31 March 2023 5,315
AMORTISATION
Charge for period 800
At 31 March 2023 800
NET BOOK VALUE
At 31 March 2023 4,515

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 December 2021 194,935 11,374 8,286
Additions 21,973 1,653 103
Disposals - - -
At 31 March 2023 216,908 13,027 8,389
DEPRECIATION
At 1 December 2021 26,075 6,758 7,579
Charge for period 30,653 2,057 548
Eliminated on disposal - - -
At 31 March 2023 56,728 8,815 8,127
NET BOOK VALUE
At 31 March 2023 160,180 4,212 262
At 30 November 2021 168,860 4,616 707

Upright Construction (South East) Ltd (Registered number: 07138155)

Notes to the Financial Statements - continued
for the Period 1 December 2021 to 31 March 2023


5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 December 2021 52,892 32,261 299,748
Additions 19,800 1,277 44,806
Disposals (32,508 ) - (32,508 )
At 31 March 2023 40,184 33,538 312,046
DEPRECIATION
At 1 December 2021 48,847 28,915 118,174
Charge for period 7,315 2,730 43,303
Eliminated on disposal (32,508 ) - (32,508 )
At 31 March 2023 23,654 31,645 128,969
NET BOOK VALUE
At 31 March 2023 16,530 1,893 183,077
At 30 November 2021 4,045 3,346 181,574

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 19,800
At 31 March 2023 19,800
DEPRECIATION
Charge for period 3,506
At 31 March 2023 3,506
NET BOOK VALUE
At 31 March 2023 16,294

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 100
At 31 March 2023 100
NET BOOK VALUE
At 31 March 2023 100

Upright Construction (South East) Ltd (Registered number: 07138155)

Notes to the Financial Statements - continued
for the Period 1 December 2021 to 31 March 2023


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2021
£    £   
Trade debtors 217,138 573,603
Other debtors 457,679 395,880
Prepayments and accrued income 31,173 241,674
705,990 1,211,157

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2021
£    £   
Other loans 20,000 48,729
Hire purchase contracts 3,564 -
Trade creditors 418,994 644,094
Social security and other taxes 140,954 32,840
VAT 128,254 307,435
Other creditors 24,690 72,813
Pension liability 1,624 577
Directors' current accounts 6,336 196
Accruals and deferred income 4,813 77,720
749,229 1,184,404

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2021
£    £   
Other loans - 1-2 years 6,667 48,729
Other loans - 2-5 years 168,849 191,511
Hire purchase contracts 11,880 -
187,396 240,240

10. PROVISIONS FOR LIABILITIES
2023 2021
£    £   
Deferred tax 4,349 2,415

Deferred
tax
£   
Balance at 1 December 2021 2,415
Provided during period 1,934
Balance at 31 March 2023 4,349

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2021
value: £    £   
300 Ordinary £1 300 200

100 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

12. ULTIMATE CONTROLLING PARTY

The company is under the control of its directors.