4590457falseManufacturing and distribution of frozen Asian snack foods.2023-01-012023-12-31http://www.companieshouse.gov.uk/2022-12-31http://www.companieshouse.gov.uk/pt:PlantMachinery2022-12-31http://www.companieshouse.gov.uk/pt:ShareCapital2022-12-31http://www.companieshouse.gov.uk/cd:Director12023-01-012023-12-31http://www.companieshouse.gov.uk/pt:PlantMachinery2023-12-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-12-31http://www.companieshouse.gov.uk/cd:Director22023-01-012023-12-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-01-012023-12-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-01-012023-12-31http://www.companieshouse.gov.uk/pt:NetGoodwill2023-12-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-01-012023-12-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-12-31http://www.companieshouse.gov.uk/pt:NetGoodwill2023-01-012023-12-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-12-31http://www.companieshouse.gov.uk/2023-01-012023-12-31http://www.companieshouse.gov.uk/2022-12-31http://www.companieshouse.gov.uk/cd:FRS1022023-01-012023-12-31http://www.companieshouse.gov.uk/2023-12-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-01-012023-12-31http://www.companieshouse.gov.uk/pt:LandBuildings2022-12-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-01-012023-12-31http://www.companieshouse.gov.uk/pt:LandBuildings2023-12-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 4590457

UPB PRODUCTS LTD

ACCOUNTS
FOR THE YEAR ENDED 31/12/2023


UPB PRODUCTS LTD

ACCOUNTS
FOR THE YEAR ENDED 31/12/2023
DIRECTORS
Ms S Pellet
Mrs Usha Bhavsar
REGISTERED OFFICE
46 Sapcote Trading Estate
London
NW10 2DJ
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 4590457

UPB PRODUCTS LTD

ACCOUNTS
FOR THEYEARENDED31/12/2023
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

UPB PRODUCTS LTD

BALANCE SHEET AT 31/12/2023
20232022
Notes££
FIXED ASSETS
Tangible assets3842,103829,975
Investment Assets4220220
842,323830,195
CURRENT ASSETS
Stock1,023,0101,366,185
Debtors6869,158588,696
Cash at bank and in hand2,515,9862,273,643
4,408,1544,228,524
CREDITORS: Amounts falling due within one year71,029,2011,630,251
NET CURRENT ASSETS3,378,9532,598,273
TOTAL ASSETS LESS CURRENT LIABILITIES4,221,2763,428,468
CREDITORS: Amounts falling due after more than one year8103,958103,958
NET ASSETS4,117,3183,324,510
CAPITAL AND RESERVES
Called up share capital10100100
Profit and loss account4,117,2183,324,410
SHAREHOLDERS' FUNDS4,117,3183,324,510
For the year ending 31/12/2023 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 30/10/2024 and signed on their behalf by
.............................
Ms S Pellet
Director

UPB PRODUCTS LTD

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/12/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Land And Buildingsstraight line 4%
Plant and Machinerystraight line 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
1f. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for permanent fluctuations in value.

UPB PRODUCTS LTD

1g.
2. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/01/2023800,000800,000
At 31/12/2023800,000800,000
Depreciation
At 01/01/2023800,000800,000
At 31/12/2023800,000800,000
Net Book Amounts
At 31/12/2023--
3. TANGIBLE FIXED ASSETS
Land AndPlant and
BuildingsMachineryTotal
£££
Cost
At 01/01/2023942,266629,3621,571,628
Additions-24,70624,706
At 31/12/2023942,266654,0681,596,334
Depreciation
At 01/01/2023120,000621,653741,653
For the year10,0002,57812,578
At 31/12/2023130,000624,231754,231
Net Book Amounts
At 31/12/2023812,26629,837842,103
At 31/12/2022822,2667,709829,975

UPB PRODUCTS LTD

4. FINANCIAL ASSETS
Shares in group companies
and participating interestsTotal
££
Cost
At 01/01/2023220220
At 31/12/2023220220
Amortisation
Net Book Amounts
At 31/12/2023220220
At 31/12/2022220220
The share in group company represent 100% holding in UPB Products BV, company incorporated and trading in Belgium..
The company recieved management charge and commission amounting to £328,473 from its subsidiary company UPB Product BV during the year.
The amount has been shown as other operating income.
5. STOCK 20232022
££
Stock comprises:
Stock1,023,0101,366,185
1,023,0101,366,185
6. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors655,731428,721
VAT121,329159,975
Amounts due from group companies92,098-
869,158588,696
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax295,20627,162
Directors current account6,8388,415
Trade creditors722,6341,564,863
Accruals4,52329,811
1,029,2011,630,251

UPB PRODUCTS LTD

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Other creditors > 1yr103,958103,958
103,958103,958
9. EMPLOYEES
20232022
No.No.
Average number of employees2019
10. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
11. CONTROLLING PARTY
The Estate of Mr A P Bhavsar (dec'd) holds 60% of the share capital.
12. RELATED PARTY TRANSACTIONS
The Company occupies the properties owned by the Estate of a director (now dec'd).
The property is rent free and there is no formal lease agreement for the occupation of the property.