UPSTREAM FINANCE TECHNOLOGIES LIMITED

Company Registration Number:
11985823 (England and Wales)

Unaudited abridged accounts for the year ended 20 April 2024

Period of accounts

Start date: 21 April 2023

End date: 20 April 2024

UPSTREAM FINANCE TECHNOLOGIES LIMITED

Contents of the Financial Statements

for the Period Ended 20 April 2024

Balance sheet
Notes

UPSTREAM FINANCE TECHNOLOGIES LIMITED

Balance sheet

As at 20 April 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 38,785 62,419
Total fixed assets: 38,785 62,419
Current assets
Stocks: 1,250 1,050
Debtors:   599 499
Cash at bank and in hand: 815 2,136
Total current assets: 2,664 3,685
Creditors: amounts falling due within one year:   (1) (1)
Net current assets (liabilities): 2,663 3,684
Total assets less current liabilities: 41,448 66,103
Creditors: amounts falling due after more than one year: 4 (261,098) (264,620)
Provision for liabilities: 0 0
Total net assets (liabilities): (219,650) (198,517)
Capital and reserves
Called up share capital: 12 12
Profit and loss account: (219,662) (198,529)
Shareholders funds: (219,650) (198,517)

The notes form part of these financial statements

UPSTREAM FINANCE TECHNOLOGIES LIMITED

Balance sheet statements

For the year ending 20 April 2024 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 19 January 2025
and signed on behalf of the board by:

Name: Syed Raza Haider
Status: Director

The notes form part of these financial statements

UPSTREAM FINANCE TECHNOLOGIES LIMITED

Notes to the Financial Statements

for the Period Ended 20 April 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts

Tangible fixed assets and depreciation policy

Tangible fixed assets Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: Plant and Machinery 10% Straight line Motor Vehicles - Straight Line 25% Fixtures and Fittings Stocks 33% Straight Line

Intangible fixed assets and amortisation policy

N/a

Other accounting policies

Stocks Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads

UPSTREAM FINANCE TECHNOLOGIES LIMITED

Notes to the Financial Statements

for the Period Ended 20 April 2024

2. Employees

2024 2023
Average number of employees during the period 2 3

UPSTREAM FINANCE TECHNOLOGIES LIMITED

Notes to the Financial Statements

for the Period Ended 20 April 2024

3. Tangible Assets

Total
Cost £
At 21 April 2023 114,263
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 20 April 2024 114,263
Depreciation
At 21 April 2023 51,844
Charge for year 23,634
On disposals 0
Other adjustments 0
At 20 April 2024 75,478
Net book value
At 20 April 2024 38,785
At 20 April 2023 62,419

UPSTREAM FINANCE TECHNOLOGIES LIMITED

Notes to the Financial Statements

for the Period Ended 20 April 2024

4. Creditors: amounts falling due after more than one year note

Director’s loan The Loan from the Director, Mr Syed Raza Haider, is unsecured and subordinated in favor of third party creditors and the company expenditures. The Lender promises to loan the sum of £ 220,615/- (Two Hundred and twenty Thousand, six hundred and fifteen) to Upstream Finance Technologies limited