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Registered number: 07202502
Upper Limb Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Focal Business Group Limited
Chartered Institue of Management Accountants
4A Church Street
Market Harborough
Leicestershire
LE16 7AA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07202502
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 73,274 87,928
Tangible Assets 5 42,090 57,102
Investments 6 - 49,995
115,364 195,025
CURRENT ASSETS
Debtors 7 48,021 71,987
Cash at bank and in hand 504,572 353,406
552,593 425,393
Creditors: Amounts Falling Due Within One Year 8 (72,706 ) (91,990 )
NET CURRENT ASSETS (LIABILITIES) 479,887 333,403
TOTAL ASSETS LESS CURRENT LIABILITIES 595,251 528,428
PROVISIONS FOR LIABILITIES
Deferred Taxation (10,523 ) (10,850 )
NET ASSETS 584,728 517,578
CAPITAL AND RESERVES
Called up share capital 102 102
Profit and Loss Account 584,626 517,476
SHAREHOLDERS' FUNDS 584,728 517,578
Page 1
Page 2
For the 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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Alistair Jepson
Director
23 December 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Upper Limb Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07202502 . The registered office is Whitleather Lodge Barn, Woolley Road, Huntingdon, Cambridgeshire, PE28 0UD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 20 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% straight line
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
...CONTINUED
Page 3
Page 4
2.5. Taxation - continued
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2025 2024
Office and administration - 4
4 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 293,085
As at 31 March 2025 293,085
Amortisation
As at 1 April 2024 205,157
Provided during the period 14,654
As at 31 March 2025 219,811
Net Book Value
As at 31 March 2025 73,274
As at 1 April 2024 87,928
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Page 5
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2024 129,510 16,467 145,977
Additions - 310 310
As at 31 March 2025 129,510 16,777 146,287
Depreciation
As at 1 April 2024 74,873 14,002 88,875
Provided during the period 13,659 1,663 15,322
As at 31 March 2025 88,532 15,665 104,197
Net Book Value
As at 31 March 2025 40,978 1,112 42,090
As at 1 April 2024 54,637 2,465 57,102
6. Investments
Listed
£
Cost
As at 1 April 2024 49,995
Disposals (49,995 )
As at 31 March 2025 -
Provision
As at 1 April 2024 -
As at 31 March 2025 -
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 49,995
The Investment is a Bond in a hotel chain.
Page 5
Page 6
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 37,900 62,133
Other debtors 10,121 9,854
48,021 71,987
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Other creditors 19,796 30,281
Taxation and social security 52,910 61,709
72,706 91,990
Page 6