Registration number: 14098477

Upbeat Enterprises Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 5

Upbeat Enterprises Limited

Company Information

Directors

D Priestley B Crighton L So

Registered office

Bridge House Riverside Court Pride Park Derby DE24 8HY

Accountants

Thompson Jenner LLP Chartered Accountants 1 Colleton Crescent Exeter Devon EX2 4DG

Upbeat Enterprises Limited

(Registration number: 14098477)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Current assets
Debtors	4	65,959	55,756
Cash at bank and in hand		40,641	30,876
		106,600	86,632
Creditors: Amounts falling due within one year	5	(106,464)	(87,604)
Net assets/(liabilities)		136	(972)
Capital and reserves
Called up share capital		1	1
Retained earnings		135	(973)
Shareholders' funds/(deficit)		136	(972)

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 15 November 2025 and signed on its behalf by:
 

......................................... D Priestley Director

Upbeat Enterprises Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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:
Bridge House Riverside Court
Pride Park
Derby
DE24 8HY

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. Upbeat Enterprises Limited is supported by its parent charity Upbeat Communities.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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.

Upbeat Enterprises Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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 directors) during the year, was 33 (2024 - 28).

4

Debtors

	2025 £	2024 £
Trade debtors	61,834	53,203
Prepayments and accrued income	4,125	2,553
Total current trade and other debtors	65,959	55,756

Upbeat Enterprises Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5

Creditors

	Note	2025 £	2024 £
Due within one year
Trade creditors		4,477	9,567
Amounts owed to group undertakings and undertakings in which the company has a participating interest	6	67,497	51,251
Taxation and social security		22,206	18,941
Other creditors		1,628	1,213
Accrued expenses		2,800	6,632
Deferred income		7,856	-
		106,464	87,604

6	Related party transactions

Summary of transactions with parent

A grant of £Nil (2024: £15,000) was issued by the parent company, Upbeat Communities.

Cleaning services were provided to Upbeat Communities at market value. At the year end £487 (2024: £209) is due from Upbeat Communities in relation to these services.

At the year end there is an amount of £67,497 (2024: £51,251) owing to Upbeat Communities. Upbeat Communities owns 100% of the share capital of Upbeat Enterprises Limited
 

7	Parent and ultimate parent undertaking

The company's immediate parent is Upbeat Communities, incorporated in England and Wales.

 

The parent of the largest group in which these financial statements are consolidated is Upbeat Communities, incorporated in England and Wales.

The address of Upbeat Communities is:
Bridge House Riverside Court, Pride Park, Derby, DE24 8HY