Upsum Ltd
Unaudited accounts
Contents
Upsum Ltd
Company Information
for the year ended 30 June 2025
Directors
T Chapman
S Chapman
Company Number
13465711 (England and Wales)
Registered Office
66 Bengeo Street
Hertford
Hertfordshire
SG14 3EZ
Accountants
TFA Accountants Limited
Arena Business Centre
Holyrood Close
Poole
Dorset
BH17 7FJ
Upsum Ltd
Statement of financial position
as at 30 June 2025
Intangible assets
290,497
242,002
Cash at bank and in hand
11,808
9,936
Creditors: amounts falling due within one year
(50,766)
(45,372)
Net current liabilities
(21,682)
(35,436)
Total assets less current liabilities
269,410
207,811
Provisions for liabilities
Net assets
269,297
207,515
Called up share capital
1
1
Revaluation reserve
96,807
44,674
Profit and loss account
172,489
162,840
Shareholders' funds
269,297
207,515
For the year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 December 2025 and were signed on its behalf by
T Chapman
Director
Company Registration No. 13465711
Upsum Ltd
Notes to the Accounts
for the year ended 30 June 2025
Upsum Ltd is a private company, limited by shares, registered in England and Wales, registration number 13465711. The registered office is 66 Bengeo Street, Hertford, Hertfordshire, SG14 3EZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
2 years - Straight Line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Total
Upsum Ltd
Notes to the Accounts
for the year ended 30 June 2025
5
Tangible fixed assets
Total
The company made an unsecured, interest bearing loan of £0 to the directors as at 30 June 2023 (£1: 30 June 2022). This was cleared after the year end.
7
Transactions with related parties
The director charged the company rent of £1,276 (2022: £312).
The director also made an interest free loan to the company of £174 (2022: £24,336). The director reserves the right to charge the company interest at any stage.
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).