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REGISTERED NUMBER: 10918995 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Up The Junction Limited

Up The Junction Limited (Registered number: 10918995)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Up The Junction Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: Mrs C H King





REGISTERED OFFICE: 163-165 Warwick Road
Solihull
West Midlands
B92 7AR





REGISTERED NUMBER: 10918995 (England and Wales)





ACCOUNTANTS: James, Stanley & Co. Limited
1,733 Coventry Road
South Yardley
Birmingham
West Midlands
B26 1DT

Up The Junction Limited (Registered number: 10918995)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Property, plant and equipment 5 12,114 14,904

CURRENT ASSETS
Inventories 6 10,300 10,003
Debtors 7 333 310
Cash at bank and in hand 33,833 41,997
44,466 52,310
CREDITORS
Amounts falling due within one
year

8

34,563

46,632
NET CURRENT ASSETS 9,903 5,678
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,017

20,582

CREDITORS
Amounts falling due after more
than one year

9

(8,444

)

(18,333

)

PROVISIONS FOR LIABILITIES (1,741 ) -
NET ASSETS 11,832 2,249

CAPITAL AND RESERVES
Called up share capital 11 1 1
Retained earnings 11,831 2,248
SHAREHOLDERS' FUNDS 11,832 2,249

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Up The Junction Limited (Registered number: 10918995)

Balance Sheet - continued
31 July 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 April 2025 and were signed by:





Mrs C H King - Director


Up The Junction Limited (Registered number: 10918995)

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

1. STATUTORY INFORMATION

Up The Junction 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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. There were no material departures from that standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Revenue 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.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 20% on cost

Stocks
Inventories 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.


Up The Junction Limited (Registered number: 10918995)

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

3. ACCOUNTING POLICIES - continued
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.

Loans from directors
As a small entity the company measures a basic financial liability that are loans from directors at transaction price.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 17 ) .

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2023 63,039 93,772 7,500 8,567 172,878
Additions 3,898 - - - 3,898
At 31 July 2024 66,937 93,772 7,500 8,567 176,776
DEPRECIATION
At 1 August 2023 53,525 89,594 7,500 7,355 157,974
Charge for year 3,852 1,948 - 888 6,688
At 31 July 2024 57,377 91,542 7,500 8,243 164,662
NET BOOK VALUE
At 31 July 2024 9,560 2,230 - 324 12,114
At 31 July 2023 9,514 4,178 - 1,212 14,904

6. INVENTORIES
31.7.24 31.7.23
£    £   
Stocks 10,300 10,003

Up The Junction Limited (Registered number: 10918995)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Prepayments and accrued income 333 310

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 9,900 10,000
Trade creditors 3,958 9,130
Social security and other taxes 20,440 26,484
Other creditors - 817
Directors' current accounts 252 140
Accruals and deferred income 13 61
34,563 46,632

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans 8,444 18,333

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.7.24 31.7.23
£    £   
Within one year 23,100 23,100
Between one and five years 92,400 92,400
In more than five years 86,625 109,725
202,125 225,225

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
1 Ordinary £1 1 1

12. CAPITAL COMMITMENTS
31.7.24 31.7.23
£    £   
Contracted but not provided for in the
financial statements - -

13. RELATED PARTY DISCLOSURES

Loans from key management are unsecured and interest free with no specific repayment terms.