IRIS Accounts Production v24.1.0.578 06762732 director 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh067627322022-12-31067627322023-12-31067627322023-01-012023-12-31067627322021-12-31067627322022-01-012022-12-31067627322022-12-3106762732ns15:EnglandWales2023-01-012023-12-3106762732ns14:PoundSterling2023-01-012023-12-3106762732ns10:Director12023-01-012023-12-3106762732ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3106762732ns10:SmallEntities2023-01-012023-12-3106762732ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3106762732ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3106762732ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3106762732ns10:FullAccounts2023-01-012023-12-3106762732ns10:RegisteredOffice2023-01-012023-12-3106762732ns5:CurrentFinancialInstruments2023-12-3106762732ns5:CurrentFinancialInstruments2022-12-3106762732ns5:ShareCapital2023-12-3106762732ns5:ShareCapital2022-12-3106762732ns5:RetainedEarningsAccumulatedLosses2023-12-3106762732ns5:RetainedEarningsAccumulatedLosses2022-12-3106762732ns5:PlantMachinery2023-01-012023-12-3106762732ns5:ShortLeaseholdAssetsns5:LandBuildings2022-12-3106762732ns5:PlantMachinery2022-12-3106762732ns5:ShortLeaseholdAssetsns5:LandBuildings2023-01-012023-12-3106762732ns5:ShortLeaseholdAssetsns5:LandBuildings2023-12-3106762732ns5:PlantMachinery2023-12-3106762732ns5:ShortLeaseholdAssetsns5:LandBuildings2022-12-3106762732ns5:PlantMachinery2022-12-3106762732ns5:CostValuation2022-12-3106762732ns5:AdditionsToInvestments2023-12-3106762732ns5:DisposalsRepaymentsInvestments2023-12-3106762732ns5:RevaluationsIncreaseDecreaseInInvestments2023-12-3106762732ns5:CostValuation2023-12-3106762732ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3106762732ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31
REGISTERED NUMBER: 06762732 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Upper Limb Innovations Ltd

Upper Limb Innovations Ltd (Registered number: 06762732)






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


Upper Limb Innovations Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Professor I A Trail





REGISTERED OFFICE: 250/1 Beesley Green
Worsley
Manchester
M28 2QW





REGISTERED NUMBER: 06762732 (England and Wales)





ACCOUNTANTS: Philip Burley & Co
Chartered Accountants
28 Bagdale
Whitby
North Yorkshire
YO21 1QL

Upper Limb Innovations Ltd (Registered number: 06762732)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,989 2,324
Investments 5 2,255,533 1,975,574
2,258,522 1,977,898

CURRENT ASSETS
Debtors 6 67,324 80,940
Cash in hand 20,580 82,197
87,904 163,137
CREDITORS
Amounts falling due within one year 7 80,934 74,683
NET CURRENT ASSETS 6,970 88,454
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,265,492

2,066,352

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,265,392 2,066,252
2,265,492 2,066,352

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 director acknowledges his 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.

Upper Limb Innovations Ltd (Registered number: 06762732)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 March 2024 and were signed by:





Professor I A Trail - Director


Upper Limb Innovations Ltd (Registered number: 06762732)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Upper Limb Innovations 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. 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 as modified by the revaluation of certain assets.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on reducing balance

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

Foreign currencies
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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Upper Limb Innovations Ltd (Registered number: 06762732)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Short Plant and
leasehold machinery Totals
£    £    £   
COST
At 1 January 2023 154,086 5,208 159,294
Additions - 998 998
At 31 December 2023 154,086 6,206 160,292
DEPRECIATION
At 1 January 2023 154,086 2,884 156,970
Charge for year - 333 333
At 31 December 2023 154,086 3,217 157,303
NET BOOK VALUE
At 31 December 2023 - 2,989 2,989
At 31 December 2022 - 2,324 2,324

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 January 2023 1,975,574
Additions 474,605
Disposals (263,265 )
Revaluations 68,619
At 31 December 2023 2,255,533
NET BOOK VALUE
At 31 December 2023 2,255,533
At 31 December 2022 1,975,574

Upper Limb Innovations Ltd (Registered number: 06762732)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 December 2023 is represented by:

Other
investments
£   
Valuation in 2020 302,270
Valuation in 2021 222,010
Valuation in 2022 9,184
Valuation in 2023 68,619
Cost 1,653,450
2,255,533

If fixed asset investments had not been revalued they would have been included at the following historical cost:

31.12.23 31.12.22
£    £   
Cost 1,662,569 1,442,110

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 67,276 80,940
Other debtors 48 -
67,324 80,940

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Taxation and social security 77,896 67,406
Other creditors 3,038 7,277
80,934 74,683