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REGISTERED NUMBER: 09481922 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

UPSON MOWERS LIMITED

UPSON MOWERS LIMITED (REGISTERED NUMBER: 09481922)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


UPSON MOWERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







Directors: Mrs V Upson
R Upson
J Upson





Registered office: Wheelers Farm
Plains Road
Great Totham
Maldon
Essex
CM9 8DT





Registered number: 09481922 (England and Wales)





Accountants: Baverstocks Limited
Chartered Certified Accountants
Dickens House
Guithavon Street
Witham
Essex
CM8 1BJ

UPSON MOWERS LIMITED (REGISTERED NUMBER: 09481922)

ABRIDGED BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 499,961 583,275
Investment property 5 377,110 377,110
877,071 960,385

Current assets
Stocks 335,376 306,589
Debtors 70,227 181,720
Cash at bank 284,462 185,085
690,065 673,394
Creditors
Amounts falling due within one year 514,187 607,880
Net current assets 175,878 65,514
Total assets less current liabilities 1,052,949 1,025,899

Creditors
Amounts falling due after more than one
year

6

(183,056

)

(210,110

)

Provisions for liabilities (106,006 ) (109,827 )
Net assets 763,887 705,962

Capital and reserves
Called up share capital 230 230
Retained earnings 763,657 705,732
Shareholders' funds 763,887 705,962

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 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.

UPSON MOWERS LIMITED (REGISTERED NUMBER: 09481922)

ABRIDGED 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 July 2024 and were signed on its behalf by:





J Upson - Director


UPSON MOWERS LIMITED (REGISTERED NUMBER: 09481922)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. Statutory information

Upson Mowers Limited 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Hire Fleet - 20% on reducing balance
Plant and Machinery - 15% on reducing balance
Fixtures and Fittings - 15% on reducing balance
Motor Vehicles - 25% on reducing balance
Office Equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

UPSON MOWERS LIMITED (REGISTERED NUMBER: 09481922)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. Accounting policies - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. Employees and directors

The average number of employees during the year was 14 (2022 - 13 ) .

4. Tangible fixed assets
Totals
£   
Cost
At 1 January 2023 1,118,624
Additions 116,421
Disposals (139,642 )
At 31 December 2023 1,095,403
Depreciation
At 1 January 2023 535,349
Charge for year 117,819
Eliminated on disposal (57,726 )
At 31 December 2023 595,442
Net book value
At 31 December 2023 499,961
At 31 December 2022 583,275

UPSON MOWERS LIMITED (REGISTERED NUMBER: 09481922)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. Tangible fixed assets - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
Cost
At 1 January 2023 155,260
Additions 17,500
Transfer to ownership (29,136 )
At 31 December 2023 143,624
Depreciation
At 1 January 2023 32,758
Charge for year 34,745
Transfer to ownership (21,343 )
At 31 December 2023 46,160
Net book value
At 31 December 2023 97,464
At 31 December 2022 122,502

5. Investment property
Total
£   
Fair value
At 1 January 2023
and 31 December 2023 377,110
Net book value
At 31 December 2023 377,110
At 31 December 2022 377,110

6. Creditors: amounts falling due after more than five years
2023 2022
£    £   
Repayable by instalments
Bank Loans 101,049 117,018

7. Secured debts

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 31,638 101,400