Registered number
SC698471
Uplands Roast Limited
Filleted Accounts
31 May 2024
Uplands Roast Limited
Registered number: SC698471
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 53,867 70,267
Tangible assets 4 137,675 133,720
191,542 203,987
Current assets
Debtors 5 4,234 7,873
Cash at bank and in hand 17,713 18,654
21,947 26,527
Creditors: amounts falling due within one year 6 (46,069) (76,511)
Net current liabilities (24,122) (49,984)
Net assets 167,420 154,003
Capital and reserves
Called up share capital 100 100
Profit and loss account 167,320 153,903
Shareholder's funds 167,420 154,003
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Stuart Collins
Director
Approved by the board on 27 January 2025
Uplands Roast Limited
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant & Machinery 20% RBM
Motor vehicles 20% RBM
Fixtures & fittings 20% RBM
Computer Equipment 20% RBM
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 20 14
3 Intangible fixed assets £
Goodwill & Licenses:
Cost
At 1 June 2023 82,000
At 31 May 2024 82,000
Amortisation
At 1 June 2023 11,733
Provided during the year 16,400
At 31 May 2024 28,133
Net book value
At 31 May 2024 53,867
At 31 May 2023 70,267
Goodwill and Licenses are being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Fixtures & Fittings Plant and machinery Motor vehicles Computer equipment Total
£ £ £ £
Cost
At 1 June 2023 58,750 62,822 36,525 8,445 166,542
Additions 5,133 17,924 3,250 6,991 33,298
At 31 May 2024 63,883 80,746 39,775 15,436 199,840
Depreciation
At 1 June 2023 5,105 15,421 10,489 1,807 32,822
Charge for the year 11,402 10,436 5,346 2,159 29,343
At 31 May 2024 16,507 25,857 15,835 3,966 62,165
Net book value
At 31 May 2024 47,376 54,889 23,940 11,470 137,675
At 31 May 2023 53,645 47,401 26,036 6,638 133,720
5 Debtors 2024 2023
£ £
Trade debtors - 848
Due from group undertakings 2,600 2,600
Other debtors 1,634 4,425
4,234 7,873
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 57,000
Capital on tap 4,252 -
Corporation tax 15,027 806
VAT 22,194 17,556
Net Wages 300 -
Other creditors 4,296 1,149
46,069 76,511
7 Other information
Uplands Roast Limited is a private company limited by shares and incorporated in Scotland. Its registered office is:
272 Bath Street
Glasgow, Lanarkshire
Scotland
G2 4JR
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