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Company Registration No. 07796115 (England and Wales)
Uplift Associates Ltd Unaudited accounts for the year ended 31 March 2024
Uplift Associates Ltd Unaudited accounts Contents
Page
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Uplift Associates Ltd Company Information for the year ended 31 March 2024
Director
Joanne Cook
Company Number
07796115 (England and Wales)
Registered Office
Room 510 Hope Street Xchange 1 - 3 Hind Street Sunderland SR1 3QD England
Accountants
Pearl Accounting Limited Suite 1 116 Ballards Lane Finchley London N3 2DN
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Uplift Associates Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
21,903 
18,425 
Current assets
Debtors
171,898 
102,976 
Cash at bank and in hand
178,298 
400,409 
350,196 
503,385 
Creditors: amounts falling due within one year
(31,330)
(181,247)
Net current assets
318,866 
322,138 
Total assets less current liabilities
340,769 
340,563 
Creditors: amounts falling due after more than one year
(28,837)
(34,259)
Net assets
311,932 
306,304 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
311,930 
306,302 
Shareholders' funds
311,932 
306,304 
For the year ending 31 March 2024 the company was entitled to exemption from audit 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 January 2025 and were signed on its behalf by
Joanne Cook Director Company Registration No. 07796115
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Uplift Associates Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Uplift Associates Ltd is a private company, limited by shares, registered in England and Wales, registration number 07796115. The registered office is Room 510 Hope Street Xchange, 1 - 3 Hind Street, Sunderland, SR1 3QD, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% written down value
Fixtures & fittings
20% written down value
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Uplift Associates Ltd Notes to the Accounts for the year ended 31 March 2024
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised 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 rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
1,924 
28,850 
30,774 
Additions
5,770 
2,596 
8,366 
At 31 March 2024
7,694 
31,446 
39,140 
Depreciation
At 1 April 2023
50 
12,299 
12,349 
Charge for the year
1,205 
3,683 
4,888 
At 31 March 2024
1,255 
15,982 
17,237 
Net book value
At 31 March 2024
6,439 
15,464 
21,903 
At 31 March 2023
1,874 
16,551 
18,425 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
5,067 
- 
Accrued income and prepayments
93,917 
- 
Other debtors
72,914 
102,976 
171,898 
102,976 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
5,556 
5,556 
Trade creditors
4,397 
848 
Taxes and social security
15,143 
59,793 
Other creditors
802 
779 
Loans from directors
107 
68,907 
Accruals
5,325 
45,364 
31,330 
181,247 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
28,837 
34,259 
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Uplift Associates Ltd Notes to the Accounts for the year ended 31 March 2024
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
9
Average number of employees
During the year the average number of employees was 15 (2023: 11).
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