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REGISTERED NUMBER: 09850770 (England and Wales)















UPLANDS TRADING LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






UPLANDS TRADING LTD (REGISTERED NUMBER: 09850770)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


UPLANDS TRADING LTD

COMPANY INFORMATION
For The Year Ended 31 DECEMBER 2023







DIRECTOR: R Boyce





REGISTERED OFFICE: Windrush
Much Marcle
Ledbury
Herefordshire
HR8 2LY





REGISTERED NUMBER: 09850770 (England and Wales)





ACCOUNTANTS: Charles Lovell & Co Limited
Chartered Certified Accountants
and Statutory Auditors
8 Church Green East
Redditch
Worcestershire
B98 8BP

UPLANDS TRADING LTD (REGISTERED NUMBER: 09850770)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 69,036 85,487

CURRENT ASSETS
Stocks 443,000 281,355
Debtors 5 542,772 927,443
Cash at bank 407,723 142,998
1,393,495 1,351,796
CREDITORS
Amounts falling due within one year 6 104,542 246,529
NET CURRENT ASSETS 1,288,953 1,105,267
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,357,989

1,190,754

PROVISIONS FOR LIABILITIES 15,769 14,983
NET ASSETS 1,342,220 1,175,771

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,342,120 1,175,671
SHAREHOLDERS' FUNDS 1,342,220 1,175,771

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.

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 12 August 2024 and were signed by:





R Boyce - Director


UPLANDS TRADING LTD (REGISTERED NUMBER: 09850770)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 DECEMBER 2023


1. STATUTORY INFORMATION

Uplands Trading 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.

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 etc - 25% on reducing balance and 10% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 4 ) .

UPLANDS TRADING LTD (REGISTERED NUMBER: 09850770)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 161,089
Additions 5,246
At 31 December 2023 166,335
DEPRECIATION
At 1 January 2023 75,602
Charge for year 21,697
At 31 December 2023 97,299
NET BOOK VALUE
At 31 December 2023 69,036
At 31 December 2022 85,487

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 137,940 528,556
Amounts owed by group undertakings 401,785 397,685
Other debtors 3,047 1,202
542,772 927,443

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 10,496 29,518
Taxation and social security 69,665 211,095
Other creditors 24,381 5,916
104,542 246,529

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Uplands Holdings Limited.