upUgo Software Limited 12000867 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is software development Digita Accounts Production Advanced 6.30.9574.0 true true 12000867 2023-10-01 2024-09-30 12000867 2024-09-30 12000867 core:CurrentFinancialInstruments 2024-09-30 12000867 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 12000867 bus:SmallEntities 2023-10-01 2024-09-30 12000867 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 12000867 bus:FilletedAccounts 2023-10-01 2024-09-30 12000867 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 12000867 bus:RegisteredOffice 2023-10-01 2024-09-30 12000867 bus:Director2 2023-10-01 2024-09-30 12000867 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 12000867 core:IntangibleAssetsOtherThanGoodwill 2023-10-01 2024-09-30 12000867 core:OfficeEquipment 2023-10-01 2024-09-30 12000867 countries:EnglandWales 2023-10-01 2024-09-30 12000867 2022-10-01 2023-09-30 12000867 2023-09-30 12000867 core:CurrentFinancialInstruments 2023-09-30 12000867 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 iso4217:GBP xbrli:pure

Registration number: 12000867

upUgo Software Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

upUgo Software Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

upUgo Software Limited

Company Information

Director

Mr Luke Sartain

Registered office

2 Charnwood House
Marsh Road
Ashton
Bristol
BS3 2NA

Accountants

Stone & Co Chartered Accountants
2 Charnwood House
Marsh Road
Ashton
Bristol
BS3 2NA

 

upUgo Software Limited

(Registration number: 12000867)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

         

Current assets

   

Debtors

4

 

-

317

Cash at bank and in hand

   

30

1,032

   

30

1,349

Creditors: Amounts falling due within one year

5

 

-

(2,052)

Net assets/(liabilities)

   

30

(703)

Capital and reserves

   

Called up share capital

293

 

293

Share premium reserve

249,973

 

249,973

Retained earnings

(250,236)

 

(250,969)

Shareholders' funds/(deficit)

   

30

(703)

 

upUgo Software Limited

(Registration number: 12000867)
Balance Sheet as at 30 September 2024

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 1 July 2025
 

.........................................

Mr Luke Sartain
Director

 

upUgo Software Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Charnwood House
Marsh Road
Ashton
Bristol
BS3 2NA
United Kingdom

These financial statements were authorised for issue by the director on 1 July 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. The company had a net deficit of reserves as at 30 September 2024 of £250,236 (2023: £250,969). Consequently, the company is reliant upon the ongoing support of its ultimate parent company, Narwhal Group Limited. Consequently the directors consider it appropriate to prepare the financial statements on a going concern basis.

Tax

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 taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

upUgo Software Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

33% straight line

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Software development

straight line over 5 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

 

upUgo Software Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4

Debtors

Current

2024
£

2023
£

Other debtors

-

317

 

-

317

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

-

2,052

6

Related party transactions

Narwhal Group Limited owns 100% of the share capital in upUgo Software Limited.

During the year the company provided for the write off of intercompany balances of £733 (2023: £17,736).