Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-31true16false2024-04-01supply of ancillary equipment to the plastics industry14falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 01236685 2024-04-01 2025-03-31 01236685 2023-04-01 2024-03-31 01236685 2025-03-31 01236685 2024-03-31 01236685 2023-04-01 01236685 c:Director3 2024-04-01 2025-03-31 01236685 d:Buildings d:ShortLeaseholdAssets 2024-04-01 2025-03-31 01236685 d:Buildings d:ShortLeaseholdAssets 2025-03-31 01236685 d:Buildings d:ShortLeaseholdAssets 2024-03-31 01236685 d:PlantMachinery 2024-04-01 2025-03-31 01236685 d:PlantMachinery 2025-03-31 01236685 d:PlantMachinery 2024-03-31 01236685 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 01236685 d:MotorVehicles 2024-04-01 2025-03-31 01236685 d:FurnitureFittings 2024-04-01 2025-03-31 01236685 d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 01236685 d:Goodwill 2025-03-31 01236685 d:Goodwill 2024-03-31 01236685 d:CurrentFinancialInstruments 2025-03-31 01236685 d:CurrentFinancialInstruments 2024-03-31 01236685 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 01236685 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 01236685 d:ShareCapital 2025-03-31 01236685 d:ShareCapital 2024-03-31 01236685 d:ShareCapital 2023-04-01 01236685 d:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 01236685 d:RetainedEarningsAccumulatedLosses 2025-03-31 01236685 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 01236685 d:RetainedEarningsAccumulatedLosses 2024-03-31 01236685 d:RetainedEarningsAccumulatedLosses 2023-04-01 01236685 c:OrdinaryShareClass1 2024-04-01 2025-03-31 01236685 c:OrdinaryShareClass1 2025-03-31 01236685 c:FRS102 2024-04-01 2025-03-31 01236685 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 01236685 c:FullAccounts 2024-04-01 2025-03-31 01236685 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 01236685 d:AcceleratedTaxDepreciationDeferredTax 2025-03-31 01236685 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 01236685 2 2024-04-01 2025-03-31 01236685 e:PoundSterling 2024-04-01 2025-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 01236685









UPM CONVEYORS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

 
UPM CONVEYORS LIMITED
REGISTERED NUMBER: 01236685

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025


2025

2024
Note
£
£
£
£

Fixed assets
  

Intangible assets
 4 
-
-

Tangible assets
 5 
20,988
33,808

  
20,988
33,808

Current assets
  

Stocks
 6 
150,213
160,935

Debtors: amounts falling due within one year
 7 
652,563
352,917

Cash at bank and in hand
 8 
179,788
261,084

  
982,564
774,936

Creditors: amounts falling due within one year
 9 
(464,653)
(363,691)

Net current assets
  
 
 
517,911
 
 
411,245

Total assets less current liabilities
  
538,899
445,053

Provisions for liabilities
  

Deferred tax
 10 
(5,247)
(7,544)

Net assets
  
533,652
437,509


Capital and reserves
  

Called up share capital 
 11 
2,000
2,000

Profit and loss account
  
531,652
435,509

  
533,652
437,509


Page 1

 
UPM CONVEYORS LIMITED
REGISTERED NUMBER: 01236685
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2025

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 comprehensive income 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 on 27 August 2025.




S C Martin
Director

The notes on pages 4 to 11 form part of these financial statements.

Page 2

 
UPM CONVEYORS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 April 2023
2,000
571,068
573,068



Loss for the year
-
(135,559)
(135,559)



At 1 April 2024
2,000
435,509
437,509



Profit for the year
-
96,143
96,143


At 31 March 2025
2,000
531,652
533,652


The notes on pages 4 to 11 form part of these financial statements.

Page 3

 
UPM CONVEYORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

UPM Conveyors Limited is a company limited by shares, incorporated in England and Wales. The address of the registered office is 3 Brook Business Centre, Cowley Mill Road, Uxbridge, Middlesex, UB8 2FX.
The company specialises in the supply of ancillary equipment to the plastics industry.

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

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

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of comprehensive income on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

Interest income is recognised in the Statement of comprehensive income using the effective interest method.

Page 4

 
UPM CONVEYORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

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 the Statement of comprehensive income 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 the Statement of comprehensive income 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.

 
2.7

Intangible assets

Goodwill
Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Statement of comprehensive income over its useful economic life.

 
2.8

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. 

Depreciation is provided on the following bases:

Leasehold improvements
-
20%
straight line
Plant and machinery and fixtures and fittings
-
25%
reducing balance
Motor vehicles
-
33%
straight line
Computer equipment
-
33%
straight line

Page 5

 
UPM CONVEYORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.9

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.

 
2.10

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 the Statement of comprehensive income.

 
2.11

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.

 
2.12

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.

 
2.13

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 14 (2024 - 16).

Page 6

 
UPM CONVEYORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

4.


Intangible assets




Goodwill

£



Cost


At 1 April 2024
24,200



At 31 March 2025

24,200



Amortisation


At 1 April 2024
24,200



At 31 March 2025

24,200



Net book value



At 31 March 2025
-



At 31 March 2024
-



Page 7

 
UPM CONVEYORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

5.


Tangible fixed assets





Leasehold improvements
Other fixed assets
Total

£
£
£



Cost 


At 1 April 2024
83,109
397,058
480,167


Additions
-
594
594



At 31 March 2025

83,109
397,652
480,761



Depreciation


At 1 April 2024
79,476
366,883
446,359


Charge for the year
3,632
9,782
13,414



At 31 March 2025

83,108
376,665
459,773



Net book value



At 31 March 2025
1
20,987
20,988



At 31 March 2024
3,633
30,175
33,808


6.


Stocks

2025
2024
£
£

Finished goods and goods for resale
150,213
160,935

150,213
160,935


Page 8

 
UPM CONVEYORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

7.


Debtors

2025
2024
£
£


Trade debtors
327,344
78,735

Amounts owed by group undertakings
266,508
220,033

Other debtors
342
1,596

Prepayments and accrued income
58,369
52,553

652,563
352,917



8.


Cash and cash equivalents

2025
2024
£
£

Cash at bank and in hand
179,788
261,084

179,788
261,084



9.


Creditors: Amounts falling due within one year

2025
2024
£
£

Trade creditors
258,863
218,692

Corporation tax
36,654
-

Other taxation and social security
47,971
11,992

Other creditors
116,165
121,038

Accruals and deferred income
5,000
11,969

464,653
363,691


Page 9

 
UPM CONVEYORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

10.


Deferred taxation




2025
2024


£

£






At beginning of year
7,544
8,684


Credited to the Statement of comprehensive income
(2,297)
(1,140)



At end of year
5,247
7,544

The provision for deferred taxation is made up as follows:

2025
2024
£
£


Accelerated capital allowances
5,247
7,544

5,247
7,544


11.


Share capital

2025
2024
£
£
Allotted, called up and fully paid



2,000 Ordinary shares of £1 each
2,000
2,000



12.


Pension commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £4,563 (2024 - £5,691). The contributions payable at the year end were £976 (2024 - £882).


13.


Related party transactions

The company has taken advantage of the exemption in Financial Reporting Standard 102 not to disclose any transactions with other wholly owned members of the group.

Page 10

 
UPM CONVEYORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

14.


Controlling party

The immediate and ultimate parent undertaking of the company is UPM Conveyors Holdings Limited, a company registered in England and Wales.
The ultimate controlling parties are the directors.

 
Page 11