IRIS Accounts Production v23.3.0.418 10233463 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh102334632022-12-31102334632023-12-31102334632023-01-012023-12-31102334632021-12-31102334632022-01-012022-12-31102334632022-12-3110233463ns10:Originalns15:EnglandWales2023-01-012023-12-3110233463ns14:PoundSterlingns10:Original2023-01-012023-12-3110233463ns10:Originalns10:Director12023-01-012023-12-3110233463ns10:Original2023-01-012023-12-3110233463ns10:Original2023-12-3110233463ns10:Originalns10:PrivateLimitedCompanyLtd2023-01-012023-12-3110233463ns10:Originalns10:SmallEntities2023-01-012023-12-3110233463ns10:Originalns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3110233463ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3110233463ns10:SmallCompaniesRegimeForAccountsns10:Original2023-01-012023-12-3110233463ns10:Originalns10:FullAccounts2023-01-012023-12-3110233463ns10:Originalns10:Director22023-01-012023-12-3110233463ns10:Originalns10:RegisteredOffice2023-01-012023-12-3110233463ns10:Original2022-12-3110233463ns10:Originalns5:CurrentFinancialInstruments2023-12-3110233463ns10:Originalns5:CurrentFinancialInstruments2022-12-3110233463ns10:Originalns5:Non-currentFinancialInstruments2023-12-3110233463ns10:Originalns5:Non-currentFinancialInstruments2022-12-3110233463ns5:ShareCapitalns10:Original2023-12-3110233463ns5:ShareCapitalns10:Original2022-12-3110233463ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-12-3110233463ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-12-3110233463ns10:Original2022-01-012022-12-3110233463ns10:Originalns5:PlantMachinery2022-12-3110233463ns10:Originalns5:FurnitureFittings2022-12-3110233463ns10:Originalns5:ComputerEquipment2022-12-3110233463ns10:Original2022-12-3110233463ns10:Originalns5:PlantMachinery2023-01-012023-12-3110233463ns10:Originalns5:FurnitureFittings2023-01-012023-12-3110233463ns10:Originalns5:ComputerEquipment2023-01-012023-12-3110233463ns10:Originalns5:PlantMachinery2023-12-3110233463ns10:Originalns5:FurnitureFittings2023-12-3110233463ns10:Originalns5:ComputerEquipment2023-12-3110233463ns10:Originalns5:PlantMachinery2022-12-3110233463ns10:Originalns5:FurnitureFittings2022-12-3110233463ns10:Originalns5:ComputerEquipment2022-12-3110233463ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3110233463ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3110233463ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-12-3110233463ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-01-012023-12-31
REGISTERED NUMBER: 10233463 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

UPP CONSULTANTS LTD

UPP CONSULTANTS LTD (REGISTERED NUMBER: 10233463)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


UPP CONSULTANTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr M C Ifergan
Mr E T Alonso Blanco





REGISTERED OFFICE: Atrium
The Stables Market
Chalk Farm Road
London
NW1 8AH





REGISTERED NUMBER: 10233463 (England and Wales)





ACCOUNTANTS: DAS Accounting Services Ltd
105 Eade Road
OCC Building A
2nd Floor Unit 11D
London
N4 1TJ

UPP CONSULTANTS LTD (REGISTERED NUMBER: 10233463)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 5 30,601 31,567

CURRENT ASSETS
Debtors 6 440,735 493,672
Cash at bank 298,892 221,786
739,627 715,458
CREDITORS
Amounts falling due within one year 7 (521,770 ) (408,831 )
NET CURRENT ASSETS 217,857 306,627
TOTAL ASSETS LESS CURRENT
LIABILITIES

248,458

338,194

CREDITORS
Amounts falling due after more than one year 8 (129,328 ) (171,747 )
NET ASSETS 119,130 166,447

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9 119,030 166,347
SHAREHOLDERS' FUNDS 119,130 166,447

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

UPP CONSULTANTS LTD (REGISTERED NUMBER: 10233463)

BALANCE SHEET - continued
31 DECEMBER 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 February 2024 and were signed on its behalf by:





Mr M C Ifergan - Director


UPP CONSULTANTS LTD (REGISTERED NUMBER: 10233463)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

UPP Consultants 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgments, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The directors do not consider there are any critical judgments or sources of estimation uncertainty requiring disclosure beyond the accounting policies listed below.

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
Fixed assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Fixtures and fittings - 25% reducing balance
Computer equipment - 25% reducing balance
Plant and machinery - 25% reducing balance

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.


UPP CONSULTANTS LTD (REGISTERED NUMBER: 10233463)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2022 - 20 ) .

UPP CONSULTANTS LTD (REGISTERED NUMBER: 10233463)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023 3,396 6,653 58,163 68,212
Additions - 108 9,128 9,236
At 31 December 2023 3,396 6,761 67,291 77,448
DEPRECIATION
At 1 January 2023 1,569 4,428 30,648 36,645
Charge for year 457 584 9,161 10,202
At 31 December 2023 2,026 5,012 39,809 46,847
NET BOOK VALUE
At 31 December 2023 1,370 1,749 27,482 30,601
At 31 December 2022 1,827 2,225 27,515 31,567

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 150,779 202,818
Other debtors 289,956 290,854
440,735 493,672

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 42,550 38,920
Trade creditors 22,834 4,909
Taxation and social security 191,797 156,263
Other creditors 264,589 208,739
521,770 408,831

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 129,328 171,747

UPP CONSULTANTS LTD (REGISTERED NUMBER: 10233463)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

9. RESERVES
Retained
earnings
£   

At 1 January 2023 166,347
Profit for the year 172,138
Dividends (219,455 )
At 31 December 2023 119,030

10. RELATED PARTY DISCLOSURES

Other debtors include an amount of £234,484 (2022: £252,131) due from a company which has directors in common with the company.

No transactions with related parties, other than disclosed above, were undertaken such as are required to be disclosed under FRS102.

11. OPERATING LEASES

At 31 December 2023, the company had total commitments under a non-cancellable operating lease over the remaining life of the lease of £12,980 (2022:£81,125).