Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30falsefalse2023-07-01No description of principal activity88truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10335413 2023-07-01 2024-06-30 10335413 2022-07-01 2023-06-30 10335413 2024-06-30 10335413 2023-06-30 10335413 c:CompanySecretary1 2023-07-01 2024-06-30 10335413 c:Director1 2023-07-01 2024-06-30 10335413 c:Director2 2023-07-01 2024-06-30 10335413 c:Director2 2024-06-30 10335413 c:Director3 2023-07-01 2024-06-30 10335413 c:Director4 2023-07-01 2024-06-30 10335413 c:Director5 2023-07-01 2024-06-30 10335413 c:Director5 2024-06-30 10335413 c:RegisteredOffice 2023-07-01 2024-06-30 10335413 d:PlantMachinery 2023-07-01 2024-06-30 10335413 d:PlantMachinery 2024-06-30 10335413 d:PlantMachinery 2023-06-30 10335413 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 10335413 d:MotorVehicles 2023-07-01 2024-06-30 10335413 d:MotorVehicles 2024-06-30 10335413 d:MotorVehicles 2023-06-30 10335413 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 10335413 d:FurnitureFittings 2023-07-01 2024-06-30 10335413 d:FurnitureFittings 2024-06-30 10335413 d:FurnitureFittings 2023-06-30 10335413 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 10335413 d:OfficeEquipment 2023-07-01 2024-06-30 10335413 d:OfficeEquipment 2024-06-30 10335413 d:OfficeEquipment 2023-06-30 10335413 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 10335413 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 10335413 d:CurrentFinancialInstruments 2024-06-30 10335413 d:CurrentFinancialInstruments 2023-06-30 10335413 d:Non-currentFinancialInstruments 2024-06-30 10335413 d:Non-currentFinancialInstruments 2023-06-30 10335413 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 10335413 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 10335413 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 10335413 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 10335413 d:ShareCapital 2024-06-30 10335413 d:ShareCapital 2023-06-30 10335413 d:RetainedEarningsAccumulatedLosses 2024-06-30 10335413 d:RetainedEarningsAccumulatedLosses 2023-06-30 10335413 c:FRS102 2023-07-01 2024-06-30 10335413 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 10335413 c:FullAccounts 2023-07-01 2024-06-30 10335413 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 10335413 d:WithinOneYear 2024-06-30 10335413 d:WithinOneYear 2023-06-30 10335413 d:BetweenOneFiveYears 2024-06-30 10335413 d:BetweenOneFiveYears 2023-06-30 10335413 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure
Company registration number: 10335413







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 JUNE 2024


UPPERCUT DELUXE CO LIMITED






































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UPPERCUT DELUXE CO LIMITED
 


 
COMPANY INFORMATION


Directors
Mr L R Campbell 
Mr B A Mackay (resigned 30 August 2024)
Mrs K E Purcell 
Mr S S Weiss 
Mr S A Jarred (appointed 30 August 2024)




Company secretary
Mr M A Holtzer



Registered number
10335413



Registered office
Unit 2
M3 Trade Park

Manor Way

Eastleigh

SO50 9YA




Accountants
Menzies LLP
Chartered Accountants

3000a Parkway

Whiteley

Hampshire

PO15 7FX





 


UPPERCUT DELUXE CO LIMITED
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 8


 


UPPERCUT DELUXE CO LIMITED
REGISTERED NUMBER:10335413



STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
38,170
59,275

  
38,170
59,275

Current assets
  

Stocks
  
404,459
539,711

Debtors: amounts falling due within one year
 5 
558,944
402,823

Cash at bank and in hand
  
171,802
275,177

  
1,135,205
1,217,711

Creditors: amounts falling due within one year
 6 
(158,838)
(152,061)

Net current assets
  
 
 
976,367
 
 
1,065,650

Total assets less current liabilities
  
1,014,537
1,124,925

Creditors: amounts falling due after more than one year
 7 
(125,084)
(204,132)

Provisions for liabilities
  

Deferred tax
  
-
(5,325)

  
 
 
-
 
 
(5,325)

Net assets
  
889,453
915,468

Page 1

 


UPPERCUT DELUXE CO LIMITED
REGISTERED NUMBER:10335413


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024

2024
2023
£
£

Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
889,353
915,368

  
889,453
915,468


The directors consider 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 directors acknowledge their 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 income and retained earnings 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 by: 




Mr L R Campbell
Director

Date: 27 April 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 


UPPERCUT DELUXE CO LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Uppercut Deluxe Co Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office is disclosed on the company information page.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

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.

Page 3

 


UPPERCUT DELUXE CO LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.7

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.

Page 4

 


UPPERCUT DELUXE CO LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

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
-
10% - 33.33%
Motor vehicles
-
20%
Fixtures and fittings
-
10% - 25%
Office equipment
-
10% - 33.33%

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.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 


UPPERCUT DELUXE CO LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 8 (2023 -8).


4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 July 2023
45,928
16,990
3,527
36,062
102,507


Additions
-
-
-
2,611
2,611


Disposals
-
-
-
(1,228)
(1,228)



At 30 June 2024

45,928
16,990
3,527
37,445
103,890



Depreciation


At 1 July 2023
16,890
6,230
2,803
17,309
43,232


Charge for the year on owned assets
13,848
3,398
99
6,371
23,716


Disposals
-
-
-
(1,228)
(1,228)



At 30 June 2024

30,738
9,628
2,902
22,452
65,720



Net book value



At 30 June 2024
15,190
7,362
625
14,993
38,170



At 30 June 2023
29,038
10,760
724
18,753
59,275

Page 6

 


UPPERCUT DELUXE CO LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Debtors

2024
2023
£
£


Trade debtors
480,842
354,374

Other debtors
31,427
25,711

Prepayments and accrued income
46,675
22,738

558,944
402,823



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
30,961
14,261

Corporation tax
1,289
28,680

Other taxation and social security
33,774
26,756

Other creditors
50,741
20,483

Accruals and deferred income
42,073
61,881

158,838
152,061



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Amounts owed to group undertakings
125,084
204,132

125,084
204,132



8.


Commitments under operating leases

At 30 June 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
59,000
-

Later than 1 year and not later than 5 years
178,475
-

237,475
-

Page 7

 


UPPERCUT DELUXE CO LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

9.


Controlling party

During the year the ultimate parent company is Uppercut Deluxe Pty Ltd a company registered in Australia, who own 100% of the company's share capital. 
The largest and smallest group in which the results of the company are consolidated is Uppercut Deluxe Pty Ltd. The consolidated financial statements are made available to the public and can be obtained from Unit 12 / 12-18 Ellerslie Road Meadowbrook, 4131, QLD, Australia.

Page 8