IRIS Accounts Production v23.2.0.158 03465018 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh034650182022-03-31034650182023-03-31034650182022-04-012023-03-31034650182021-03-31034650182021-04-012022-03-31034650182022-03-3103465018ns10:Originalns15:EnglandWales2022-04-012023-03-3103465018ns14:PoundSterlingns10:Original2022-04-012023-03-3103465018ns10:Originalns10:Director12022-04-012023-03-3103465018ns10:Original2022-04-012023-03-3103465018ns10:Original2023-03-3103465018ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3103465018ns10:Originalns10:SmallEntities2022-04-012023-03-3103465018ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3103465018ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3103465018ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3103465018ns10:Originalns10:FullAccounts2022-04-012023-03-3103465018ns10:Originalns10:Director22022-04-012023-03-3103465018ns10:Originalns10:RegisteredOffice2022-04-012023-03-3103465018ns10:Original2022-03-3103465018ns10:Originalns5:CurrentFinancialInstruments2023-03-3103465018ns10:Originalns5:CurrentFinancialInstruments2022-03-3103465018ns5:ShareCapitalns10:Original2023-03-3103465018ns5:ShareCapitalns10:Original2022-03-3103465018ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3103465018ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3103465018ns10:Originalns5:PlantMachinery2022-04-012023-03-3103465018ns10:Originalns5:MotorVehicles2022-04-012023-03-3103465018ns10:Originalns5:ComputerEquipment2022-04-012023-03-3103465018ns10:Original2021-04-012022-03-3103465018ns10:Originalns5:LandBuildings2022-03-3103465018ns10:Originalns5:PlantMachinery2022-03-3103465018ns10:Originalns5:MotorVehicles2022-03-3103465018ns10:Originalns5:ComputerEquipment2022-03-3103465018ns10:Original2022-03-3103465018ns10:Originalns5:LandBuildings2022-04-012023-03-3103465018ns10:Originalns5:LandBuildings2023-03-3103465018ns10:Originalns5:PlantMachinery2023-03-3103465018ns10:Originalns5:MotorVehicles2023-03-3103465018ns10:Originalns5:ComputerEquipment2023-03-3103465018ns10:Originalns5:LandBuildings2022-03-3103465018ns10:Originalns5:PlantMachinery2022-03-3103465018ns10:Originalns5:MotorVehicles2022-03-3103465018ns10:Originalns5:ComputerEquipment2022-03-3103465018ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3103465018ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-31
REGISTERED NUMBER: 03465018 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Upson Builders Limited

Upson Builders Limited (Registered number: 03465018)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Upson Builders Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr M Wilcox
Mrs A Wilcox





REGISTERED OFFICE: 2 Northside
Wells Road
Chilcompton
Radstock
BA3 4ET





REGISTERED NUMBER: 03465018 (England and Wales)





ACCOUNTANTS: Accounting Solutions
2 Northside
Wells Road
Chilcompton
Radstock
BA3 4ET

Upson Builders Limited (Registered number: 03465018)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 93,337 100,383
Investment property 5 306,681 306,681
400,018 407,064

CURRENT ASSETS
Stocks 381,961 354,250
Debtors 6 263,913 186,116
Cash at bank and in hand 432,632 407,601
1,078,506 947,967
CREDITORS
Amounts falling due within one year 7 748,804 768,755
NET CURRENT ASSETS 329,702 179,212
TOTAL ASSETS LESS CURRENT
LIABILITIES

729,720

586,276

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 729,620 586,176
SHAREHOLDERS' FUNDS 729,720 586,276

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

The members have not required the company to obtain an audit of its financial statements for the year 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.

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 Board of Directors and authorised for issue on 28 November 2023 and were signed on its behalf by:



Mr M Wilcox - Director


Upson Builders Limited (Registered number: 03465018)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Upson Builders Limited 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year 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 year 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.

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.

Upson Builders Limited (Registered number: 03465018)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 100,000 77,756 181,051 24,789 383,596
Additions - 3,008 18,250 4,468 25,726
Disposals - - (9,509 ) - (9,509 )
At 31 March 2023 100,000 80,764 189,792 29,257 399,813
DEPRECIATION
At 1 April 2022 100,000 60,594 101,149 21,470 283,213
Charge for year - 5,212 24,221 2,070 31,503
Eliminated on disposal - - (8,240 ) - (8,240 )
At 31 March 2023 100,000 65,806 117,130 23,540 306,476
NET BOOK VALUE
At 31 March 2023 - 14,958 72,662 5,717 93,337
At 31 March 2022 - 17,162 79,902 3,319 100,383

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 306,681
NET BOOK VALUE
At 31 March 2023 306,681
At 31 March 2022 306,681

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 112,700 34,894
Amounts owed by group undertakings 150,234 150,234
Other debtors 979 988
263,913 186,116

Upson Builders Limited (Registered number: 03465018)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 35,176 55,707
Trade creditors 52,655 66,503
Taxation and social security 91,957 62,952
Other creditors 569,016 583,593
748,804 768,755

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company was under the control of the director's throughout the period as stated in the director's report.

Interest is charged on overdrawn directors' loan account balances at the official rate of 2.00%.