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REGISTERED NUMBER: 08781507 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Uprise Print Limited

Uprise Print Limited (Registered number: 08781507)

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










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Uprise Print Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: J Stephens
A Allen





REGISTERED OFFICE: 5 Willow Walk
Cowbridge
CF71 7EE





REGISTERED NUMBER: 08781507 (England and Wales)





ACCOUNTANTS: Macey Owen Limited
5, Willow Walk
Cowbridge
Vale of Glamorgan
CF71 7EE

Uprise Print Limited (Registered number: 08781507)

Abridged Balance Sheet
31 May 2024

31/5/24 31/5/23
Notes £    £   
FIXED ASSETS
Tangible assets 4 56,172 97,194
Investments 5 - 6,605
56,172 103,799

CURRENT ASSETS
Stocks 21,000 3,000
Debtors 174,645 126,544
Cash at bank 51,634 160,000
247,279 289,544
CREDITORS
Amounts falling due within one year (194,488 ) (193,093 )
NET CURRENT ASSETS 52,791 96,451
TOTAL ASSETS LESS CURRENT
LIABILITIES

108,963

200,250

CREDITORS
Amounts falling due after more than one year (20,104 ) (54,145 )

PROVISIONS FOR LIABILITIES (9,363 ) (16,381 )
NET ASSETS 79,496 129,724

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 78,496 128,724
79,496 129,724

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.

Uprise Print Limited (Registered number: 08781507)

Abridged Balance Sheet - continued
31 May 2024


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 Income Statement and an abridged Balance Sheet for the year ended 31 May 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.

The financial statements were approved by the Board of Directors and authorised for issue on 19 February 2025 and were signed on its behalf by:





A Allen - Director


Uprise Print Limited (Registered number: 08781507)

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


1. STATUTORY INFORMATION

Uprise Print 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.

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.

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

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.

Uprise Print Limited (Registered number: 08781507)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023 115,118
Disposals (38,962 )
At 31 May 2024 76,156
DEPRECIATION
At 1 June 2023 17,924
Charge for year 12,823
Eliminated on disposal (10,763 )
At 31 May 2024 19,984
NET BOOK VALUE
At 31 May 2024 56,172
At 31 May 2023 97,194

Included within fixed assets are assets purchased via hire purchase agreements. The net book value for these items at the year end was£37,088 (2023: £70,249). Deprecation charged on these assets for the year was£6,545 (2023: £10,045).

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
31/5/24 31/5/23
£    £   
Memorabilia - 6,605

6. SECURED DEBTS

The following secured debts are included within creditors:

31/5/24 31/5/23
£    £   
Hire purchase contracts 25,405 55,429

The invoice discounting facility is secured by a fixed and floating charge over al the property and undertaking of the company.

The company also took out a Business Bounce Back Loan which is a government backed guaranteed loan.

Uprise Print Limited (Registered number: 08781507)

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


7. OTHER FINANCIAL COMMITMENTS

The company entered into a leasing agreements which have an annual commitment of £26,244
.

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £59,200 (2023 - £86,000) were paid to the directors .

During the year, the company traded at arms length with another company under common ownership and control.