Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30true12023-07-01falseNo description of principal activity1trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09839291 2023-07-01 2024-06-30 09839291 2022-07-01 2023-06-30 09839291 2024-06-30 09839291 2023-06-30 09839291 2022-07-01 09839291 c:Director1 2023-07-01 2024-06-30 09839291 d:PlantMachinery 2023-07-01 2024-06-30 09839291 d:PlantMachinery 2024-06-30 09839291 d:PlantMachinery 2023-06-30 09839291 d:ComputerEquipment 2023-07-01 2024-06-30 09839291 d:ComputerEquipment 2024-06-30 09839291 d:ComputerEquipment 2023-06-30 09839291 d:CurrentFinancialInstruments 2024-06-30 09839291 d:CurrentFinancialInstruments 2023-06-30 09839291 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 09839291 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 09839291 d:ShareCapital 2023-07-01 2024-06-30 09839291 d:ShareCapital 2024-06-30 09839291 d:ShareCapital 2022-07-01 2023-06-30 09839291 d:ShareCapital 2023-06-30 09839291 d:ShareCapital 2022-07-01 09839291 d:SharePremium 2023-07-01 2024-06-30 09839291 d:SharePremium 2024-06-30 09839291 d:SharePremium 2022-07-01 2023-06-30 09839291 d:SharePremium 2023-06-30 09839291 d:SharePremium 2022-07-01 09839291 d:CapitalRedemptionReserve 2023-07-01 2024-06-30 09839291 d:CapitalRedemptionReserve 2024-06-30 09839291 d:CapitalRedemptionReserve 2022-07-01 2023-06-30 09839291 d:CapitalRedemptionReserve 2023-06-30 09839291 d:CapitalRedemptionReserve 2022-07-01 09839291 d:RevaluationReserve 2023-07-01 2024-06-30 09839291 d:RetainedEarningsAccumulatedLosses 2023-07-01 2024-06-30 09839291 d:RetainedEarningsAccumulatedLosses 2024-06-30 09839291 d:RetainedEarningsAccumulatedLosses 2022-07-01 2023-06-30 09839291 d:RetainedEarningsAccumulatedLosses 2023-06-30 09839291 d:RetainedEarningsAccumulatedLosses 2022-07-01 09839291 c:FRS102 2023-07-01 2024-06-30 09839291 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 09839291 c:FullAccounts 2023-07-01 2024-06-30 09839291 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 09839291 2 2023-07-01 2024-06-30 09839291 5 2023-07-01 2024-06-30 xbrli:pure iso4217:GBP

Registered number: 09839291









UPFRONT CAR HOLDINGS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
UPFRONT CAR HOLDINGS LIMITED
REGISTERED NUMBER: 09839291

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
29,075
29,075

Cash at bank and in hand
  
185,539
193,447

  
214,614
222,522

Creditors: amounts falling due within one year
 6 
(5,100)
(11,389)

Net current assets
  
 
 
209,514
 
 
211,133

Total assets less current liabilities
  
209,514
211,133

  

Net assets
  
209,514
211,133


Capital and reserves
  

Called up share capital 
  
71
71

Share premium account
 7 
202,470
202,470

Capital redemption reserve
 7 
(71,253)
(71,253)

Profit and loss account
 7 
78,226
79,845

  
209,514
211,133


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 19 March 2025.


Jonathan Anthony Samuels
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 1

 
UPFRONT CAR HOLDINGS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2024


Called up share capital
Share premium account
Capital redemption reserve
Profit and loss account
Total equity

£
£
£
£
£

At 1 July 2023
71
202,470
(71,253)
79,845
211,133


Comprehensive income for the year

Loss for the year
-
-
-
(1,619)
(1,619)
Total comprehensive income for the year
-
-
-
(1,619)
(1,619)


Total transactions with owners
-
-
-
-
-


At 30 June 2024
71
202,470
(71,253)
78,226
209,514



STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2023


Called up share capital
Share premium account
Capital redemption reserve
Profit and loss account
Total equity

£
£
£
£
£

At 1 July 2022
71
202,470
(71,253)
49,114
180,402


Comprehensive income for the year

Profit for the year
-
-
-
30,731
30,731
Total comprehensive income for the year
-
-
-
30,731
30,731


Total transactions with owners
-
-
-
-
-


At 30 June 2023
71
202,470
(71,253)
79,845
211,133


The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
UPFRONT CAR HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Upfront Car Holdings Limited is a private company limited by shares and registered in England & Wales. The address of its registered office and principle place of business is 11 Crooked Usage, London, N3 3HD

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised on a weekly basis for the hire of motor vehicles. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and sales returns.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

The Company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the Company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
straight line
Computer equipment
-
20%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3

 
UPFRONT CAR HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.4

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the reporting date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.5

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.7

Creditors

Short term creditors are measured at the transaction price.

 
2.8

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.9

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.10

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

  
2.11

Functional and presentation currency

The company's functional and presentational currency is GBP.

Page 4

 
UPFRONT CAR HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Tangible fixed assets





Plant and machinery
Computer equipment
Total

£
£
£



Cost or valuation


At 1 July 2023
17,410
1,415
18,825



At 30 June 2024

17,410
1,415
18,825



Depreciation


At 1 July 2023
17,410
1,415
18,825



At 30 June 2024

17,410
1,415
18,825



Net book value



At 30 June 2024
-
-
-



At 30 June 2023
-
-
-

Page 5

 
UPFRONT CAR HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Debtors

2024
2023
£
£


Tax recoverable
29,075
29,075

29,075
29,075



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
-
5,689

Accruals and deferred income
5,100
5,700

5,100
11,389



7.


Reserves

Share premium account

Share premium account represents the additional amount shareholders paid for their issued shares that was in excess of the par value of those shares.

Revaluation reserve

Revaluation reserve relates to gains on revaluation of fixed assets and are not distributable to its shareholders.

Capital redemption reserve

Capital redemption reserve relates to amounts transferred following the redemption or purchase of company's own shares.

Profit and loss account

Profit and loss reserve relates to profit available for distribution to its shareholders.


8.


Transactions with directors

During the year the director received advances of £16,000 that were repaid in full within the year end. The balance outstanding at the year end was £nil (2023: £nil).

Page 6