Registered number
12082294
Uplit Events Ltd
Filleted Accounts
5 April 2024
Uplit Events Ltd
Registered number: 12082294
Balance Sheet
as at 5 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 141,176 168,800
Current assets
Debtors 4 4,784 -
Cash at bank and in hand 12,499 46,022
17,283 46,022
Creditors: amounts falling due within one year 5 (58,922) (122,966)
Net current liabilities (41,639) (76,944)
Total assets less current liabilities 99,537 91,856
Creditors: amounts falling due after more than one year 6 (4,371) (8,371)
Net assets 95,166 83,485
Capital and reserves
Called up share capital 1 1
Profit and loss account 95,165 83,484
Shareholder's funds 95,166 83,485
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Nicholas Oliver
Director
Approved by the board on 3 July 2024
Uplit Events Ltd
Notes to the Accounts
for the year ended 5 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
IT equipment over 4 years
Fixtures and fittings over 8 years
Motor vehicles over 5 years
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 6 April 2023 127,957 122,684 250,641
Additions 21,004 26,400 47,404
Disposals - (38,928) (38,928)
At 5 April 2024 148,961 110,156 259,117
Depreciation
At 6 April 2023 26,199 55,642 81,841
Charge for the year 29,641 22,031 51,672
On disposals - (15,572) (15,572)
At 5 April 2024 55,840 62,101 117,941
Net book value
At 5 April 2024 93,121 48,055 141,176
At 5 April 2023 101,758 67,042 168,800
4 Debtors 2024 2023
£ £
Other debtors 4,784 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 4,296 4,296
Trade creditors 95 95
Taxation and social security costs 1,214 3,651
Other creditors 53,317 114,924
58,922 122,966
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 4,371 8,371
7 Other information
Uplit Events Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Unit C1 Bank Top Industrial Estate
St Martins
Oswestry
Shropshire
SY10 7HB
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