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REGISTERED NUMBER: 06015503 (England and Wales)















UP DESIGN & PRINT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

29 FEBRUARY 2024






UP DESIGN & PRINT LIMITED (REGISTERED NUMBER: 06015503)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


UP DESIGN & PRINT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







Director: D M Glover





Secretary: D M Glover





Registered office: St Andrews House
Yale Business Village
Ellice Way
Wrexham
Clwyd
LL13 7YL





Registered number: 06015503 (England and Wales)





Accountants: John Davies and Co
St Andrews House
Yale Business Village
Ellice Way
Wrexham
Wrexham CB
LL13 7YL

UP DESIGN & PRINT LIMITED (REGISTERED NUMBER: 06015503)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 4,652 5,646

Current assets
Debtors 5 14,701 7,597

Creditors
Amounts falling due within one year 6 16,138 17,915
Net current liabilities (1,437 ) (10,318 )
Total assets less current liabilities 3,215 (4,672 )

Creditors
Amounts falling due after more than one
year

7

3,116

5,315
Net assets/(liabilities) 99 (9,987 )

Capital and reserves
Called up share capital 2 2
Retained earnings 97 (9,989 )
Shareholders' funds 99 (9,987 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

UP DESIGN & PRINT LIMITED (REGISTERED NUMBER: 06015503)

BALANCE SHEET - continued
29 FEBRUARY 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 director and authorised for issue on 28 November 2024 and were signed by:





D M Glover - Director


UP DESIGN & PRINT LIMITED (REGISTERED NUMBER: 06015503)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. Statutory information

UP Design & Print 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 comprises of revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

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 - 25% on reducing balance
Fixtures & fittings - 20% on reducing balance
Office equipment - 20% on reducing balance

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.

3. Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

UP DESIGN & PRINT LIMITED (REGISTERED NUMBER: 06015503)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


4. Tangible fixed assets
Plant and Fixtures Office
machinery & fittings equipment Totals
£    £    £    £   
Cost
At 1 March 2023 1,043 4,196 10,272 15,511
Additions - 344 - 344
At 29 February 2024 1,043 4,540 10,272 15,855
Depreciation
At 1 March 2023 1,029 3,583 5,253 9,865
Charge for year 4 126 1,208 1,338
At 29 February 2024 1,033 3,709 6,461 11,203
Net book value
At 29 February 2024 10 831 3,811 4,652
At 28 February 2023 14 613 5,019 5,646

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 1,788 912
Other debtors 12,913 6,685
14,701 7,597

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 4,206 6,295
Trade creditors 178 534
Taxation and social security 10,439 6,098
Other creditors 1,315 4,988
16,138 17,915

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 3,116 5,315

The Bank Loan is secured with a personal guarantee of the Director.

UP DESIGN & PRINT LIMITED (REGISTERED NUMBER: 06015503)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


8. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
D M Glover
Balance outstanding at start of year 2,277 3,768
Amounts advanced 14,513 2,277
Amounts repaid (5,298 ) (3,768 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,492 2,277

Amounts Advanced in the year are numerous small amounts withdrawn and various personal expenses paid on behalf of the director by the company net of expense claims. Amounts repaid are made up of several small repayments made to the company and dividends credited to the loan account.

Interest is being charged on the loan annually and the majority of the balance has been cleared by way of a £9,500 dividend credited to the account on 28 November 2024.