1 July 2023 false No description of principal activity Taxfiler 2024.6 8111607business:PrivateLimitedCompanyLtd2023-07-012024-06-30 81116072023-06-30 81116072023-07-012024-06-30 8111607business:AuditExemptWithAccountantsReport2023-07-012024-06-30 8111607business:FilletedAccounts2023-07-012024-06-30 81116072024-06-30 8111607business:Director12023-07-012024-06-30 8111607business:RegisteredOffice2023-07-012024-06-30 81116072023-06-30 8111607core:WithinOneYear2024-06-30 8111607core:WithinOneYear2023-06-30 8111607core:ShareCapitalcore:PreviouslyStatedAmount2024-06-30 8111607core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 8111607core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-06-30 8111607core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 8111607core:PreviouslyStatedAmount2024-06-30 8111607core:PreviouslyStatedAmount2023-06-30 8111607business:SmallEntities2023-07-012024-06-30 8111607countries:EnglandWales2023-07-012024-06-30 8111607core:ComputerEquipment2023-07-012024-06-30 8111607core:ComputerEquipment2023-06-30 8111607core:ComputerEquipment2024-06-30 8111607business:OrdinaryShareClass12023-07-012024-06-30 8111607business:OrdinaryShareClass12022-07-012023-06-30 81116072022-07-012023-06-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 8111607 (England and Wales)
Upside London Limited Unaudited accounts for the year ended 30 June 2024
Upside London Limited Unaudited accounts Contents
Page
- 2 -
Upside London Limited Company Information for the year ended 30 June 2024
Director
R J Ashdown
Company Number
8111607 (England and Wales)
Registered Office
1 West Street Lewes East Sussex BN7 2NZ
Accountants
Maxwell-Gumbleton & Co. 1 West Street Lewes East Sussex BN7 2NZ
- 3 -
Upside London Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,256 
- 
Current assets
Debtors
146,125 
177,790 
Cash at bank and in hand
120,195 
133,369 
266,320 
311,159 
Creditors: amounts falling due within one year
(90,258)
(79,753)
Net current assets
176,062 
231,406 
Net assets
177,318 
231,406 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
177,218 
231,306 
Shareholders' funds
177,318 
231,406 
For the year ending 30 June 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 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 21 March 2025 and were signed on its behalf by
R J Ashdown Director Company Registration No. 8111607
- 4 -
Upside London Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Upside London Limited is a private company, limited by shares, registered in England and Wales, registration number 8111607. The registered office is 1 West Street, Lewes, East Sussex, BN7 2NZ.
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.
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:
Computer equipment
20% straight line
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.
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.
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.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
- 5 -
Upside London Limited Notes to the Accounts for the year ended 30 June 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 July 2023
8,131 
Additions
1,571 
At 30 June 2024
9,702 
Depreciation
At 1 July 2023
8,131 
Charge for the year
315 
At 30 June 2024
8,446 
Net book value
At 30 June 2024
1,256 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
132,780 
155,347 
Accrued income and prepayments
12,130 
21,378 
Other debtors
1,215 
1,065 
146,125 
177,790 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
10,271 
10,751 
Taxes and social security
38,677 
59,820 
Other creditors
36,309 
4,274 
Loans from directors
3,801 
2,708 
Accruals
1,200 
2,200 
90,258 
79,753 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
- 6 -