Company Registration No. 14925625 (England and Wales)
UPGRADAD LTD
Unaudited accounts
for the period from 9 June 2023 to 30 June 2024
UPGRADAD LTD
Unaudited accounts
Contents
UPGRADAD LTD
Company Information
for the period from 9 June 2023 to 30 June 2024
Directors
Daniel Andrew Charlesworth
Nathan Michael Hadaway
Company Number
14925625 (England and Wales)
Registered Office
4TH FLOOR 205 REGENT STREET
LONDON
W1B 4HB
ENGLAND
Accountants
Sleek Accounting Ltd
107 Kirkgate
Leeds
West Yorkshire
LS1 6DP
UPGRADAD LTD
Statement of financial position
as at 30 June 2024
Cash at bank and in hand
1,510
Creditors: amounts falling due within one year
(14,537)
Net current liabilities
(13,027)
Called up share capital
100
Profit and loss account
(11,807)
Shareholders' funds
(11,707)
For the period ending 30 June 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2024 and were signed on its behalf by
Daniel Andrew Charlesworth
Director
Company Registration No. 14925625
UPGRADAD LTD
Notes to the Accounts
for the period from 9 June 2023 to 30 June 2024
UPGRADAD LTD is a private company, limited by shares, registered in England and Wales, registration number 14925625. The registered office is 4TH FLOOR 205 REGENT STREET, LONDON, W1B 4HB, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
SLM - 33.33%
4
Tangible fixed assets
Computer equipment
UPGRADAD LTD
Notes to the Accounts
for the period from 9 June 2023 to 30 June 2024
5
Creditors: amounts falling due within one year
2024
Loans from directors
14,537
The company owes £13,575 to the director Daniel Andrew Charlesworth as at the year end.
The company owes £962 to the director Nathan Michael Hadaway as at the year end.
7
Average number of employees
During the period the average number of employees was 2.