Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31falsefalse2024-01-01No description of principal activity44falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01522960 2024-01-01 2024-12-31 01522960 2023-01-01 2023-12-31 01522960 2024-12-31 01522960 2023-12-31 01522960 c:Director1 2024-01-01 2024-12-31 01522960 d:Buildings 2024-01-01 2024-12-31 01522960 d:Buildings 2024-12-31 01522960 d:Buildings 2023-12-31 01522960 d:Buildings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 01522960 d:PlantMachinery 2024-01-01 2024-12-31 01522960 d:PlantMachinery 2024-12-31 01522960 d:PlantMachinery 2023-12-31 01522960 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 01522960 d:MotorVehicles 2024-01-01 2024-12-31 01522960 d:MotorVehicles 2024-12-31 01522960 d:MotorVehicles 2023-12-31 01522960 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 01522960 d:ComputerEquipment 2024-01-01 2024-12-31 01522960 d:ComputerEquipment 2024-12-31 01522960 d:ComputerEquipment 2023-12-31 01522960 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 01522960 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 01522960 d:CurrentFinancialInstruments 2024-12-31 01522960 d:CurrentFinancialInstruments 2023-12-31 01522960 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 01522960 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 01522960 d:ShareCapital 2024-12-31 01522960 d:ShareCapital 2023-12-31 01522960 d:RetainedEarningsAccumulatedLosses 2024-12-31 01522960 d:RetainedEarningsAccumulatedLosses 2023-12-31 01522960 c:FRS102 2024-01-01 2024-12-31 01522960 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 01522960 c:FullAccounts 2024-01-01 2024-12-31 01522960 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 01522960 2 2024-01-01 2024-12-31 01522960 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure
Registered number: 01522960


UPPINGHAM YARNS LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 DECEMBER 2024

 
UPPINGHAM YARNS LIMITED
 

CONTENTS



Page
Balance sheet
 
 
1 - 2
Notes to the financial statements
 
 
3 - 6


 
UPPINGHAM YARNS LIMITED
REGISTERED NUMBER:01522960

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
288,988
292,860

Current assets
  

Stocks
  
121,478
126,461

Debtors: amounts falling due within one year
 5 
6,728
5,461

Cash at bank and in hand
 6 
21,141
5,763

  
149,347
137,685

Creditors: amounts falling due within one year
 7 
(122,072)
(92,916)

Net current assets
  
 
 
27,275
 
 
44,769

  

Net assets
  
316,263
337,629


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
316,163
337,529

  
316,263
337,629


Page 1

 
UPPINGHAM YARNS LIMITED
REGISTERED NUMBER:01522960
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

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 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: 




................................................
N A R Traylen
Director

Date: 23 April 2025

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

Page 2

 
UPPINGHAM YARNS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Uppingham Yarns Limited is a company limited by shares, domiciled in England and Wales, registered number 01522960. The registered office and principle place of business is 30 North Street East, Uppingham, Rutland, LE15 9QL.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

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.

 
2.3

Interest income

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

 
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

 
UPPINGHAM YARNS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 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 Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

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.

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:

Freehold property
-
50 years
Plant & machinery
-
4 years
Motor vehicles
-
4 years
Computer equipment
-
3 years

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.

 
2.7

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.

 
2.8

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 4

 
UPPINGHAM YARNS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 4).


4.


Tangible fixed assets





Freehold property
Plant & machinery
Motor vehicles
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 January 2024
370,398
27,787
23,004
8,914
430,103



At 31 December 2024

370,398
27,787
23,004
8,914
430,103



Depreciation


At 1 January 2024
77,706
27,787
23,004
8,746
137,243


Charge for the year on owned assets
3,704
-
-
168
3,872



At 31 December 2024

81,410
27,787
23,004
8,914
141,115



Net book value



At 31 December 2024
288,988
-
-
-
288,988



At 31 December 2023
292,692
-
-
168
292,860

Page 5

 
UPPINGHAM YARNS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Debtors

2024
2023
£
£


Trade debtors
1,908
240

Prepayments and accrued income
4,820
5,221

6,728
5,461



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
21,141
5,763



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
80,160
74,958

Other taxation and social security
12,065
14,505

Other creditors
27,327
1,253

Accruals and deferred income
2,520
2,200

122,072
92,916



8.


Pension commitments

Defined Contribution Scheme
The company operates a defined contribution pension scheme for the benefit of the directors and employees.The assets of the scheme are administered by trustees in  fund independant from those of the company. The pension cost charge represents contributions payable by the Company to the fund and amounted to £2,204 (2023: £1,878). The amount outstanding at the year end is £439 (2023: £365).


9.


Related party transactions

The Director has a loan account with the company and at 31 December 2024 was owed £26,000 (2023: £nil).This is included with other creditors. There was no interest charged on this loan during the year and is repayable on demand.

 
Page 6