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REGISTERED NUMBER: 10853351 (England and Wales)















UPS POWER SERVICES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024






UPS POWER SERVICES LIMITED (REGISTERED NUMBER: 10853351)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 July 2024










Page

Company Information 1

Abridged Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


UPS POWER SERVICES LIMITED

COMPANY INFORMATION
For The Year Ended 31 July 2024







DIRECTORS: M S Trolley
E L Trolley





REGISTERED OFFICE: Bentley Bridge House
Chesterfield Road
Matlock
Derbyshire
DE4 5LE





REGISTERED NUMBER: 10853351 (England and Wales)





ACCOUNTANTS: The Rees Partnership
Bentley Bridge House
Chesterfield Road
Matlock
Derbyshire
DE4 5LE

UPS POWER SERVICES LIMITED (REGISTERED NUMBER: 10853351)

ABRIDGED BALANCE SHEET
31 July 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 105,244 67,004

CURRENT ASSETS
Stocks 75,168 59,495
Debtors 410,725 247,027
Cash at bank 446,071 531,042
931,964 837,564
CREDITORS
Amounts falling due within one year (517,739 ) (494,596 )
NET CURRENT ASSETS 414,225 342,968
TOTAL ASSETS LESS CURRENT
LIABILITIES

519,469

409,972

CREDITORS
Amounts falling due after more than one
year

(4,583

)

(12,842

)

PROVISIONS FOR LIABILITIES (20,578 ) (10,617 )
NET ASSETS 494,308 386,513

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 494,298 386,503
494,308 386,513

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

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

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 July 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

UPS POWER SERVICES LIMITED (REGISTERED NUMBER: 10853351)

ABRIDGED BALANCE SHEET - continued
31 July 2024



The financial statements were approved by the Board of Directors and authorised for issue on 18 November 2024 and were signed on its behalf by:




M S Trolley - Director



E L Trolley - Director


UPS POWER SERVICES LIMITED (REGISTERED NUMBER: 10853351)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 July 2024


1. STATUTORY INFORMATION

UPS Power Services 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance

Short leasehold improvements are depreciated over the length of the lease term.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

UPS POWER SERVICES LIMITED (REGISTERED NUMBER: 10853351)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 July 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on as incurred over the lease term.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2023 132,027
Additions 84,819
Disposals (31,082 )
At 31 July 2024 185,764
DEPRECIATION
At 1 August 2023 65,023
Charge for year 33,502
Eliminated on disposal (18,005 )
At 31 July 2024 80,520
NET BOOK VALUE
At 31 July 2024 105,244
At 31 July 2023 67,004

UPS POWER SERVICES LIMITED (REGISTERED NUMBER: 10853351)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 July 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 August 2023 16,940
Transfer to ownership (16,940 )
At 31 July 2024 -
DEPRECIATION
At 1 August 2023 9,793
Transfer to ownership (9,793 )
At 31 July 2024 -
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 7,147

5. OTHER FINANCIAL COMMITMENTS

During the year the company entered into a lease agreement. The minimum payments required under non-cancellable operating leases are £54,167 (2023 £nil).

6. RELATED PARTY DISCLOSURES

There have been no material transactions with any related parties, other than those with the directors.

7. ULTIMATE CONTROLLING PARTY

The company is controlled by its directors, by virtue of their shareholdings in the entity's parent company UPS Holdings Limited.