UP SYSTEMS LIMITED

Company Registration Number:
03906739 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2023

Period of accounts

Start date: 01 September 2022

End date: 31 August 2023

UP SYSTEMS LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2023

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

UP SYSTEMS LIMITED

Company Information

for the Period Ended 31 August 2023




Director: Osman OSMAN
Abdelaziz MUSA
Registered office: Up Systems Park
Burma Road
Blidworth
Mansfield
Nottinghamshire
England
NG21 0RT
Company Registration Number: 03906739 (England and Wales)

UP SYSTEMS LIMITED

Balance sheet

As at 31 August 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 473,129 476,900
Total fixed assets: 473,129 476,900
Current assets
Stocks: 182,799 182,799
Debtors: 5 511,278 680,463
Cash at bank and in hand: 149,882 11,621
Total current assets: 843,959 874,883
Creditors: amounts falling due within one year: 6 ( 112,668 ) ( 119,410 )
Net current assets (liabilities): 731,291 755,473
Total assets less current liabilities: 1,204,420 1,232,373
Creditors: amounts falling due after more than one year: 7 ( 85,060 ) ( 102,666 )
Provision for liabilities: ( 23,680 ) ( 23,680 )
Total net assets (liabilities): 1,095,680 1,106,027

The notes form part of these financial statements

UP SYSTEMS LIMITED

Balance sheet continued

As at 31 August 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 1,000 1,000
Revaluation reserve: 8 115,611 115,611
Profit and loss account: 979,069 989,416
Shareholders funds: 1,095,680 1,106,027

For the year ending 31 August 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.

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

This report was approved by the board of directors on 31 August 2024
And Signed On Behalf Of The Board By:

Name: Osman OSMAN
Status: Director

The notes form part of these financial statements

UP SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

  • 1. Accounting policies

    Basis of measurement and preparation

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

UP SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 5 5

UP SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

  • 3. Off balance sheet disclosure

    No

UP SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

4. Tangible assets

Land & buildings Plant & machinery Motor vehicles Total
Cost £ £ £ £
At 01 September 2022 470,000 56,985 14,650 541,635
Additions - 2,161 - 2,161
Disposals - - - -
Revaluations - - - -
Transfers - - - -
At 31 August 2023 470,000 59,146 14,650 543,796
Depreciation
At 01 September 2022 - 53,746 10,989 64,735
Charge for year - 1,943 3,989 5,932
On disposals - - - -
Other adjustments - - - -
At 31 August 2023 - 55,689 14,978 70,667
Net book value
At 31 August 2023 470,000 3,457 ( 328 ) 473,129
At 31 August 2022 470,000 3,239 3,661 476,900

UP SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

5. Debtors


2023
£

2022
£
Trade debtors 293,818 382,267
Prepayments and accrued income 165,958 289,396
Other debtors 51,502 8,800
Total 511,278 680,463

UP SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

6.Creditors: amounts falling due within one year note


2023
£

2022
£
Bank loans and overdrafts 27,185 23,683
Trade creditors 23,108 26,567
Taxation and social security 26,420 28,289
Accruals and deferred income 21,000 35,646
Other creditors 14,955 5,225
Total 112,668 119,410

UP SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

7.Creditors: amounts falling due after more than one year


2023
£

2022
£
Bank loans and overdrafts 71,978 102,666
Other creditors 13,082
Total 85,060 102,666

UP SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

8. Revaluation reserve


2023
£
Balance at 01 September 2022 115,611
Surplus or deficit after revaluation 0
Balance at 31 August 2023 115,611