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REGISTERED NUMBER: SC508736 (Scotland)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

UPTOWN SIGNS LIMITED

UPTOWN SIGNS LIMITED (REGISTERED NUMBER: SC508736)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


UPTOWN SIGNS LIMITED (REGISTERED NUMBER: SC508736)

BALANCE SHEET
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 10,000 15,000
Tangible assets 5 8,101 10,801
18,101 25,801

CURRENT ASSETS
Debtors 6 4,830 4,864
Cash at bank 2,163 938
6,993 5,802
CREDITORS
Amounts falling due within one year 7 12,823 20,083
NET CURRENT LIABILITIES (5,830 ) (14,281 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,271

11,520

CREDITORS
Amounts falling due after more than one
year

8

-

4,053
NET ASSETS 12,271 7,467

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 12,270 7,466
SHAREHOLDERS' FUNDS 12,271 7,467

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

UPTOWN SIGNS LIMITED (REGISTERED NUMBER: SC508736)

BALANCE SHEET - continued
30 June 2023



The financial statements were approved by the Board of Directors and authorised for issue on 12 March 2024 and were signed on its behalf by:





A M Sunjich - Director


UPTOWN SIGNS LIMITED (REGISTERED NUMBER: SC508736)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Uptown Signs Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number: SC508736

Registered office: 22 Backbrae Street
Kilsyth
G65 0NH

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 and revenue recognition
Turnover represents net invoiced sales of supplying signage , excluding VAT. Revenue is recognised when services are provided to the customer.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

UPTOWN SIGNS LIMITED (REGISTERED NUMBER: SC508736)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 July 2022
and 30 June 2023 50,000
AMORTISATION
At 1 July 2022 35,000
Amortisation for year 5,000
At 30 June 2023 40,000
NET BOOK VALUE
At 30 June 2023 10,000
At 30 June 2022 15,000

This is the Franchise Fee.

5. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 July 2022
and 30 June 2023 29,539
DEPRECIATION
At 1 July 2022 18,738
Charge for year 2,700
At 30 June 2023 21,438
NET BOOK VALUE
At 30 June 2023 8,101
At 30 June 2022 10,801

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 4,830 4,864

UPTOWN SIGNS LIMITED (REGISTERED NUMBER: SC508736)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Hire purchase contracts - 4,458
Trade creditors 3,964 -
Tax 3,221 1,831
VAT 2,976 3,517
Directors' current accounts - 7,576
Accrued expenses 2,662 2,701
12,823 20,083

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Hire purchase contracts - 4,053