Company Registration No. 11656217 (England and Wales)
UP-GRADE TRAINING AND THERAPY LTD
Unaudited accounts
for the year ended 30 November 2023
UP-GRADE TRAINING AND THERAPY LTD
Unaudited accounts
Contents
UP-GRADE TRAINING AND THERAPY LTD
Company Information
for the year ended 30 November 2023
Director
BARFOOT, Daniel Mark
Secretary
BARFOOT, Sarah Chevone
Company Number
11656217 (England and Wales)
Registered Office
20 ENDWELL ROAD
BEXHILL-ON-SEA
TN40 1EB
ENGLAND
Accountants
Bergen Associates (Chartered Certified Accountants)
c/o Perfect Balanced Bookkeeping
Century House, 100 Menzies Rd
Hastings, St Leonards-on-sea
East Sussex
TN38 9BB
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of UP-GRADE TRAINING AND THERAPY LTD for the year ended 30 November 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
UP-GRADE TRAINING AND THERAPY LTD for the year ended
30 November 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of UP-GRADE TRAINING AND THERAPY LTD, as a body, in accordance with the terms of our engagement letter dated 1 December 2020. Our work has been undertaken solely to prepare for your approval the accounts of UP-GRADE TRAINING AND THERAPY LTD and state those matters that we have agreed to state to the Board of Directors of UP-GRADE TRAINING AND THERAPY LTD, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than UP-GRADE TRAINING AND THERAPY LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that UP-GRADE TRAINING AND THERAPY LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of UP-GRADE TRAINING AND THERAPY LTD. You consider that UP-GRADE TRAINING AND THERAPY LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of UP-GRADE TRAINING AND THERAPY LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Bergen Associates (Chartered Certified Accountants)
Chartered Accountants
c/o Perfect Balanced Bookkeeping
Century House, 100 Menzies Rd
Hastings, St Leonards-on-sea
East Sussex
TN38 9BB
28 February 2025
UP-GRADE TRAINING AND THERAPY LTD
Statement of financial position
as at 30 November 2023
Tangible assets
1,115
4,048
Cash at bank and in hand
(2,702)
8,248
Creditors: amounts falling due within one year
(1,739)
(7,051)
Net current assets
5,366
1,197
Called up share capital
10
10
Profit and loss account
6,471
5,235
Shareholders' funds
6,481
5,245
For the year ending 30 November 2023 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 his 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 28 February 2025 and were signed on its behalf by
BARFOOT, Daniel Mark
Director
Company Registration No. 11656217
UP-GRADE TRAINING AND THERAPY LTD
Notes to the Accounts
for the year ended 30 November 2023
UP-GRADE TRAINING AND THERAPY LTD is a private company, limited by shares, registered in England and Wales, registration number 11656217. The registered office is 20 ENDWELL ROAD, BEXHILL-ON-SEA, TN40 1EB, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
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.
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.
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.
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.
UP-GRADE TRAINING AND THERAPY LTD
Notes to the Accounts
for the year ended 30 November 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 December 2022
1,012
7,479
3,129
11,620
At 30 November 2023
1,012
7,479
3,129
11,620
At 1 December 2022
(85)
6,194
1,463
7,572
Charge for the year
253
1,870
810
2,933
At 30 November 2023
168
8,064
2,273
10,505
At 30 November 2023
844
(585)
856
1,115
At 30 November 2022
1,097
1,285
1,666
4,048
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
1,087
1,087
Taxes and social security
3,519
4,396
Loans from directors
(5,922)
-
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10
10
8
Average number of employees
During the year the average number of employees was 5 (2022: 5).