IRIS Accounts Production v24.2.0.383 11911959 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary 1.00000 A Ordinary 1.00000 B Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh119119592023-03-31119119592024-03-31119119592023-04-012024-03-31119119592022-03-31119119592022-04-012023-03-31119119592023-03-3111911959ns15:EnglandWales2023-04-012024-03-3111911959ns14:PoundSterling2023-04-012024-03-3111911959ns10:Director12023-04-012024-03-3111911959ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3111911959ns10:SmallEntities2023-04-012024-03-3111911959ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3111911959ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3111911959ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3111911959ns10:FullAccounts2023-04-012024-03-3111911959ns10:OrdinaryShareClass12023-04-012024-03-3111911959ns10:OrdinaryShareClass22023-04-012024-03-3111911959ns10:OrdinaryShareClass32023-04-012024-03-3111911959ns10:Director22023-04-012024-03-3111911959ns10:Director32023-04-012024-03-3111911959ns10:Director42023-04-012024-03-3111911959ns10:CompanySecretary12023-04-012024-03-3111911959ns10:RegisteredOffice2023-04-012024-03-3111911959ns5:CurrentFinancialInstruments2024-03-3111911959ns5:CurrentFinancialInstruments2023-03-3111911959ns5:ShareCapital2024-03-3111911959ns5:ShareCapital2023-03-3111911959ns5:RetainedEarningsAccumulatedLosses2024-03-3111911959ns5:RetainedEarningsAccumulatedLosses2023-03-3111911959ns5:PlantMachinery2023-04-012024-03-3111911959ns5:MotorVehicles2023-04-012024-03-3111911959ns5:ComputerEquipment2023-04-012024-03-3111911959ns5:PlantMachinery2023-03-3111911959ns5:MotorVehicles2023-03-3111911959ns5:ComputerEquipment2023-03-3111911959ns5:PlantMachinery2024-03-3111911959ns5:MotorVehicles2024-03-3111911959ns5:ComputerEquipment2024-03-3111911959ns5:PlantMachinery2023-03-3111911959ns5:MotorVehicles2023-03-3111911959ns5:ComputerEquipment2023-03-3111911959ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3111911959ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3111911959ns10:OrdinaryShareClass12024-03-3111911959ns10:OrdinaryShareClass22024-03-3111911959ns10:OrdinaryShareClass32024-03-3111911959ns5:RetainedEarningsAccumulatedLosses2023-03-3111911959ns5:RetainedEarningsAccumulatedLosses2023-04-012024-03-31
REGISTERED NUMBER: 11911959 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Upton Builders & Sons Limited

Upton Builders & Sons Limited (Registered number: 11911959)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Upton Builders & Sons Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs J A A O'Malley
Mr O E Peart
Mr J G Peart
Mr G J M R Peart





SECRETARY: Mrs L Peart





REGISTERED OFFICE: 35b Churchfield Road
Upton St. Leonards
Gloucester
Gloucestershire
GL4 8BA





REGISTERED NUMBER: 11911959 (England and Wales)





ACCOUNTANTS: Stanbridge Accountancy Services Limited
9 Wheatstone Court
Waterwells Business Park
Davy Way
Gloucester
Gloucestershire
GL2 2AQ

Upton Builders & Sons Limited (Registered number: 11911959)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 112,519 42,129

CURRENT ASSETS
Debtors 5 199,269 136,243
Cash at bank 151,669 175,559
350,938 311,802
CREDITORS
Amounts falling due within one year 6 249,002 216,988
NET CURRENT ASSETS 101,936 94,814
TOTAL ASSETS LESS CURRENT
LIABILITIES

214,455

136,943

CAPITAL AND RESERVES
Called up share capital 7 335 335
Retained earnings 8 214,120 136,608
SHAREHOLDERS' FUNDS 214,455 136,943

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Upton Builders & Sons Limited (Registered number: 11911959)

Balance Sheet - continued
31 March 2024


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 Board of Directors and authorised for issue on 24 September 2024 and were signed on its behalf by:





Mrs J A A O'Malley - Director


Upton Builders & Sons Limited (Registered number: 11911959)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Upton Builders & Sons 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.
Plant and machinery - 15% on cost
Motor vehicles - 25% on cost
Computer equipment - straight line over 3 years

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Upton Builders & Sons Limited (Registered number: 11911959)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 85,958 48,178 3,464 137,600
Additions - 109,410 2,234 111,644
Disposals - - (2,673 ) (2,673 )
At 31 March 2024 85,958 157,588 3,025 246,571
DEPRECIATION
At 1 April 2023 44,093 48,178 3,200 95,471
Charge for year 12,893 27,352 1,009 41,254
Eliminated on disposal - - (2,673 ) (2,673 )
At 31 March 2024 56,986 75,530 1,536 134,052
NET BOOK VALUE
At 31 March 2024 28,972 82,058 1,489 112,519
At 31 March 2023 41,865 - 264 42,129

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 131,792 68,321
Retention 54,027 59,185
Amounts owed by group undertakings 6,106 6,106
Other debtors 417 -
VAT 6,927 2,631
199,269 136,243

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 272 3,065
Amounts owed to group undertakings 6,157 6,157
Tax 46,757 69,991
Social security and other taxes 15,971 21,553
Directors' current accounts 67,810 113,597
Accrued expenses 112,035 2,625
249,002 216,988

Upton Builders & Sons Limited (Registered number: 11911959)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
300 Ordinary £1 300 300
5 A Ordinary 1 5 5
5 B Ordinary 1 5 5
310 310

Further shares were issued in the year which are detailed below:

£   
5 C Ordinary Shares issued at £1 each5.00
5 D Ordinary Shares issued at £1 each5.00
5 E Ordinary Shares issued at £1 each5.00
5 F Ordinary Shares issued at £1 each5.00
5 G Ordinary Shares issued at £1 each5.00

8. RESERVES
Retained
earnings
£   

At 1 April 2023 136,608
Profit for the year 215,512
Dividends (138,000 )
At 31 March 2024 214,120

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within creditors falling due within one year are amounts due to the directors of £67,810 (2023 - £60,765) These amounts do not attract interest and have no specified repayment date.

10. ULTIMATE CONTROLLING PARTY

The controlling party and the ultimate controlling party are not known.