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REGISTERED NUMBER: 03776627 (England and Wales)




















Financial Statements

for the Year Ended 31 May 2024

for

UP AND DOWN LIMITED

UP AND DOWN LIMITED (REGISTERED NUMBER: 03776627)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


UP AND DOWN LIMITED

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Ms K E Galaud
K Preston





SECRETARY: Ms J E Galaud





REGISTERED OFFICE: 14 Margaret Road
Guildford
Surrey
GU1 4QS





REGISTERED NUMBER: 03776627 (England and Wales)





ACCOUNTANTS: Alvis & Company (Accountants) Limited
143 Station Road
Hampton
Middlesex
TW12 2AL

UP AND DOWN LIMITED (REGISTERED NUMBER: 03776627)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,118 2,594

CURRENT ASSETS
Debtors 5 5,974 27,246
Cash at bank and in hand 497,253 496,258
503,227 523,504
CREDITORS
Amounts falling due within one year 6 (18,793 ) (25,604 )
NET CURRENT ASSETS 484,434 497,900
TOTAL ASSETS LESS CURRENT
LIABILITIES

486,552

500,494

PROVISIONS FOR LIABILITIES (5 ) (205 )
NET ASSETS 486,547 500,289

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 486,545 500,287
SHAREHOLDERS' FUNDS 486,547 500,289

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

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

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 14 November 2024 and were signed on its behalf by:




Ms K E Galaud - Director


UP AND DOWN LIMITED (REGISTERED NUMBER: 03776627)

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

1. STATUTORY INFORMATION

Up And Down 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.
Fixtures and fittings - 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.

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 2 (2023 - 2 ) .

UP AND DOWN LIMITED (REGISTERED NUMBER: 03776627)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 June 2023 7,280 9,647 16,927
Additions - 1,736 1,736
Disposals - (2,401 ) (2,401 )
At 31 May 2024 7,280 8,982 16,262
DEPRECIATION
At 1 June 2023 7,280 7,053 14,333
Charge for year - 1,540 1,540
Eliminated on disposal - (1,729 ) (1,729 )
At 31 May 2024 7,280 6,864 14,144
NET BOOK VALUE
At 31 May 2024 - 2,118 2,118
At 31 May 2023 - 2,594 2,594

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 5,828 25,992
Other debtors 146 1,254
5,974 27,246

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Taxation and social security 14,005 21,240
Other creditors 4,788 4,364
18,793 25,604

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
2 Ordinary £1 2 2

8. ULTIMATE CONTROLLING PARTY

Ultimate control of the company lies with Miss K Galaud by virtue of her ownership of the entire issued share capital of the company.