UPCYCLED PLANT POWER (UPP) LTD

Company Registration Number:
14171122 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2023

Period of accounts

Start date: 14 June 2022

End date: 30 June 2023

UPCYCLED PLANT POWER (UPP) LTD

Contents of the Financial Statements

for the Period Ended 30 June 2023

Balance sheet
Notes

UPCYCLED PLANT POWER (UPP) LTD

Balance sheet

As at 30 June 2023


Notes

13 months to 30 June 2023


£
Fixed assets
Intangible assets: 3 295,000
Tangible assets: 4 12,854
Total fixed assets: 307,854
Current assets
Debtors:   175,412
Cash at bank and in hand: 46,319
Total current assets: 221,731
Creditors: amounts falling due within one year:   (96,764)
Net current assets (liabilities): 124,967
Total assets less current liabilities: 432,821
Creditors: amounts falling due after more than one year:   (300,000)
Total net assets (liabilities): 132,821
Capital and reserves
Called up share capital: 2
Share premium account: 499,999
Profit and loss account: (367,180)
Shareholders funds: 132,821

The notes form part of these financial statements

UPCYCLED PLANT POWER (UPP) LTD

Balance sheet statements

For the year ending 30 June 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 12 March 2024
and signed on behalf of the board by:

Name: M A Evans
Status: Director

The notes form part of these financial statements

UPCYCLED PLANT POWER (UPP) LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.Plant and machinery etc - 33% on cost

Intangible fixed assets and amortisation policy

The Intellectual Property will be amortised once the product is complete.

Other accounting policies

Hire purchase and leasing commitmentsRentals 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 benefitsThe 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.Going concernThe directors have considered the financial position of the company and believe it is well placed to manage its business risks successfully. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of preparation in preparing the financial statements.

UPCYCLED PLANT POWER (UPP) LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

2. Employees

13 months to 30 June 2023
Average number of employees during the period 6

UPCYCLED PLANT POWER (UPP) LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

3. Intangible Assets

Total
Cost £
Additions 295,000
At 30 June 2023 295,000
Amortisation
Charge for year 0
At 30 June 2023 0
Net book value
At 30 June 2023 295,000

UPCYCLED PLANT POWER (UPP) LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

4. Tangible Assets

Total
Cost £
Additions 15,541
At 30 June 2023 15,541
Depreciation
Charge for year 2,687
At 30 June 2023 2,687
Net book value
At 30 June 2023 12,854

UPCYCLED PLANT POWER (UPP) LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

5. Related party transactions

The company is not controlled by any one individual.