Company Registration No. SC311050 (Scotland)
Upstream IT Limited
Unaudited accounts
for the year ended 31 October 2023
Upstream IT Limited
Unaudited accounts
Contents
Upstream IT Limited
Company Information
for the year ended 31 October 2023
Directors
Steven R Cowan
William Dodd
Company Number
SC311050 (Scotland)
Registered Office
Crescent House
Enterprise Way
Carnegie Campus
Dunfermline
KY11 8GR
United Kingdom
Upstream IT Limited
Statement of financial position
as at 31 October 2023
Intangible assets
20,000
20,000
Cash at bank and in hand
36,822
43,132
Creditors: amounts falling due within one year
(12,519)
(21,306)
Net current assets
43,100
43,512
Total assets less current liabilities
63,918
63,594
Creditors: amounts falling due after more than one year
(337)
(168)
Called up share capital
1
1
Profit and loss account
63,580
63,425
Shareholders' funds
63,581
63,426
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 April 2024 and were signed on its behalf by
Steven R Cowan
Director
Company Registration No. SC311050
Upstream IT Limited
Notes to the Accounts
for the year ended 31 October 2023
Upstream IT Limited is a private company, limited by shares, registered in Scotland, registration number SC311050. The registered office is Crescent House, Enterprise Way, Carnegie Campus, Dunfermline, KY11 8GR, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives- 36 Months
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
Intangible Fixed assets represent the holding in Bitcoin
Upstream IT Limited
Notes to the Accounts
for the year ended 31 October 2023
5
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Trade debtors
16,789
19,584
Accrued income and prepayments
1,188
1,112
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
6,798
13,306
Taxes and social security
1,305
2,053
8
Creditors: amounts falling due after more than one year
2023
2022
9
Average number of employees
During the year the average number of employees was 4 (2022: 4).