Company registration number 10753236 (England and Wales)
UPREACH SERVICES LTD.
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
PAGES FOR FILING WITH REGISTRAR
UPREACH SERVICES LTD.
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
UPREACH SERVICES LTD.
BALANCE SHEET
AS AT 31 JULY 2024
31 July 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
3
104,034
199,140
Cash at bank and in hand
259,516
230,237
363,550
429,377
Creditors: amounts falling due within one year
4
(295,228)
(394,557)
Net current assets
68,322
34,820
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
68,222
34,720
Total equity
68,322
34,820

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

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

The financial statements were approved by the board of directors and authorised for issue on 14 April 2025 and are signed on its behalf by:
2025-04-14
N Bent
Director
Company registration number 10753236 (England and Wales)
UPREACH SERVICES LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
- 2 -
1
Accounting policies
Company information

upReach Services Ltd. is a private company limited by shares incorporated in England and Wales. The registered office is Second Home, Hanbury Street, London, E1 5JL.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for recruitment, employability and diversity services provided in the normal course of business.

1.3
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities. Trade creditors are recognised initially at transaction price.

1.5
Taxation

Taxable profits are donated to the parent charitable company by way of corporate gift aid.

UPREACH SERVICES LTD.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was: 5 (2023: 5).

3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
93,584
172,036
Other debtors
10,450
27,104
104,034
199,140
4
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
17,673
37,181
Amounts owed to group undertakings
105,391
219,165
Taxation and social security
43,871
24,390
Other creditors
128,293
113,821
295,228
394,557
5
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Senior Statutory Auditor:
David Allum
Statutory Auditor:
UHY Hacker Young
Date of audit report:
15 April 2025
6
Parent company

The immediate and ultimate parent company is upReach Charitable Company by virtue of the 100% shareholding.

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