Company Registration No. 14057229 (England and Wales)
Uplift Creative Studio Ltd
Unaudited accounts
for the period from 20 April 2022 to 30 April 2023
Uplift Creative Studio Ltd
Unaudited accounts
Contents
Uplift Creative Studio Ltd
Company Information
for the period from 20 April 2022 to 30 April 2023
Directors
R Punjabi
G Thacker
Company Number
14057229 (England and Wales)
Registered Office
27A Green lane
Northwood
HA6 2PX
England
Uplift Creative Studio Ltd
Statement of financial position
as at 30 April 2023
Cash at bank and in hand
36,376
Creditors: amounts falling due within one year
(23,760)
Profit and loss account
15,422
Shareholders' funds
15,424
For the period ending 30 April 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 19 January 2024 and were signed on its behalf by
G Thacker
Director
Company Registration No. 14057229
Uplift Creative Studio Ltd
Notes to the Accounts
for the period from 20 April 2022 to 30 April 2023
Uplift Creative Studio Ltd is a private company, limited by shares, registered in England and Wales, registration number 14057229. The registered office is 27A Green lane, Northwood, HA6 2PX, England.
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 period, 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:
Computer equipment
25% on costs
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Expenditure on research and development is written off in the year in which it is incurred.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Uplift Creative Studio Ltd
Notes to the Accounts
for the period from 20 April 2022 to 30 April 2023
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
Taxes and social security
4,850
Loans from directors
18,310
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
Shares issued during the period:
2 Ordinary shares of £1 each
2
8
Transactions with related parties
Included in other creditors is the amount of £9,155 and £9,155 owed by the company to Mr R Punjabi and Ms G Thacker respectively.
During the period dividends of £4,000 were paid to the directors.
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Average number of employees
During the period the average number of employees was 2.