Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31falseNo description of principal activity2023-04-01truefalse33falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13828559 2023-04-01 2024-03-31 13828559 2022-01-05 2023-03-31 13828559 2024-03-31 13828559 2023-03-31 13828559 c:Director5 2023-04-01 2024-03-31 13828559 d:PlantMachinery 2023-04-01 2024-03-31 13828559 d:PlantMachinery 2024-03-31 13828559 d:PlantMachinery 2023-03-31 13828559 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 13828559 d:PatentsTrademarksLicencesConcessionsSimilar 2024-03-31 13828559 d:PatentsTrademarksLicencesConcessionsSimilar 2023-03-31 13828559 d:CurrentFinancialInstruments 2024-03-31 13828559 d:CurrentFinancialInstruments 2023-03-31 13828559 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 13828559 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13828559 d:ShareCapital 2023-04-01 2024-03-31 13828559 d:ShareCapital 2024-03-31 13828559 d:ShareCapital 2022-01-05 2023-03-31 13828559 d:ShareCapital 2023-03-31 13828559 d:SharePremium 2023-04-01 2024-03-31 13828559 d:SharePremium 2024-03-31 13828559 d:SharePremium 2022-01-05 2023-03-31 13828559 d:SharePremium 2023-03-31 13828559 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 13828559 d:RetainedEarningsAccumulatedLosses 2024-03-31 13828559 d:RetainedEarningsAccumulatedLosses 2022-01-05 2023-03-31 13828559 d:RetainedEarningsAccumulatedLosses 2023-03-31 13828559 c:OrdinaryShareClass1 2023-04-01 2024-03-31 13828559 c:OrdinaryShareClass1 2024-03-31 13828559 c:OrdinaryShareClass2 2023-04-01 2024-03-31 13828559 c:OrdinaryShareClass2 2024-03-31 13828559 c:OrdinaryShareClass3 2023-04-01 2024-03-31 13828559 c:OrdinaryShareClass3 2024-03-31 13828559 c:FRS102 2023-04-01 2024-03-31 13828559 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13828559 c:FullAccounts 2023-04-01 2024-03-31 13828559 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13828559 6 2023-04-01 2024-03-31 13828559 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13828559









UPM CONVEYORS HOLDINGS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
UPM CONVEYORS HOLDINGS LIMITED
REGISTERED NUMBER: 13828559

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024


2024

2023
Note
£
£
£
£

Fixed assets
  

Intangible assets
 4 
-
-

Tangible assets
 5 
975
1,300

Investments
 6 
1,909,735
1,909,735

  
1,910,710
1,911,035

Current assets
  

Cash at bank and in hand
 7 
23,754
9,602

  
23,754
9,602

Creditors: amounts falling due within one year
 8 
(572,466)
(539,933)

Net current liabilities
  
 
 
(548,712)
 
 
(530,331)

Total assets less current liabilities
  
1,361,998
1,380,704

  

Net assets
  
1,361,998
1,380,704


Capital and reserves
  

Called up share capital 
 9 
4,026
4,026

Share premium account
  
1,136,474
1,136,474

Profit and loss account
  
221,498
240,204

  
1,361,998
1,380,704


Page 1

 
UPM CONVEYORS HOLDINGS LIMITED
REGISTERED NUMBER: 13828559
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the Statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 21 August 2024.




S C Martin
Director

The notes on pages 5 to 9 form part of these financial statements.

Page 2

 
UPM CONVEYORS HOLDINGS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024


Called up share capital
Share premium account
Profit and loss account
Total equity

£
£
£
£

At 1 April 2023
4,026
1,136,474
240,204
1,380,704


Comprehensive income for the year

Profit for the year
-
-
199,271
199,271
Total comprehensive income for the year
-
-
199,271
199,271


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(217,977)
(217,977)


Total transactions with owners
-
-
(217,977)
(217,977)


At 31 March 2024
4,026
1,136,474
221,498
1,361,998


The notes on pages 5 to 9 form part of these financial statements.

Page 3

 
UPM CONVEYORS HOLDINGS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 MARCH 2023


Called up share capital
Share premium account
Profit and loss account
Total equity

£
£
£
£


Comprehensive income for the period

Profit for the period
-
-
379,164
379,164
Total comprehensive income for the period
-
-
379,164
379,164


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(138,960)
(138,960)

Shares issued during the period
6,710
1,893,790
-
1,900,500

Shares cancelled during the period
(2,684)
(757,316)
-
(760,000)


Total transactions with owners
4,026
1,136,474
(138,960)
1,001,540


At 31 March 2023
4,026
1,136,474
240,204
1,380,704


The notes on pages 5 to 9 form part of these financial statements.

Page 4

 
UPM CONVEYORS HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

UPM Conveyors Holdings Limited is a company limited by shares, incorporated in England and Wales. The address of the registered office is 3 Brook Business Centre, Cowley Mill Road, Uxbridge, Middlesex, UB8 2FX.
The company's principal activity is that of a holding company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis notwithstanding the net current liabilities of £548,712 (2023 - £530,331) as the company has support of trading subsidiaries and directors to meet its liabilities as they fall due. As a result, the directors believe that the preparation of the financial statements on a going concern basis is appropriate.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 5

 
UPM CONVEYORS HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Taxation

Tax is recognised in the Statement of comprehensive income except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.5

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
on reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of comprehensive income.

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Page 6

 
UPM CONVEYORS HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (period ended 31 March 2023 - 3).


4.


Intangible assets




Licenses

£



Cost


At 1 April 2023
16,513



At 31 March 2024

16,513



Amortisation


At 1 April 2023
16,513



At 31 March 2024

16,513



Net book value



At 31 March 2024
-



At 31 March 2023
-

Page 7

 
UPM CONVEYORS HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
 
           4.Intangible assets (continued)




5.


Tangible fixed assets





Plant and machinery

£



Cost


At 1 April 2023
66,964



At 31 March 2024

66,964



Depreciation


At 1 April 2023
65,664


Charge for the year
325



At 31 March 2024

65,989



Net book value



At 31 March 2024
975



At 31 March 2023
1,300


6.


Fixed asset investments





Investments in subsidiary companies

£



Cost


At 1 April 2023
1,909,735



At 31 March 2024
1,909,735




Page 8

 
UPM CONVEYORS HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
23,754
9,602

23,754
9,602



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
225,067
140,369

Corporation tax
28,202
50,492

Other creditors
316,197
346,072

Accruals and deferred income
3,000
3,000

572,466
539,933



9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1,342 Ordinary C shares of £1 each
1,342
1,342
1,342 Ordinary D shares of £1 each
1,342
1,342
1,342 Ordinary E shares of £1 each
1,342
1,342

4,026

4,026

The Ordinary £1, Ordinary B £1, Ordinary C £1, Ordinary D £1 and Ordinary E £1 shares rank pari passu except that each class of share is distinct for the purpose of declaration of dividends.



10.


Related party transactions

The company has taken advantage of the exemption in Financial Reporting Standard 102 not to disclose any transactions with other wholly owned members of the group.


11.


Controlling party

The controlling parties of the company are its director by virtue of their majority shareholding.

 
Page 9