Uptalent Limited - Filleted accounts

Registered number

14549699

Filleted Accounts

31 December 2024

Uptalent Limited
Registered number:		14549699
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Intangible assets	4		202,064			115,316
Tangible assets	##		-			-
			202,064			115,316

Current assets
Debtors	##	-			1,731
Cash at bank and in hand		2,408			128,909
Advance paid		45,508			109,860
		47,916			240,500

Creditors: amounts falling due within one year	9	(121,657)			(122,380)

Net current (liabilities)/assets			(73,741)			118,120

Total assets less current liabilities			128,323			233,436

Creditors: amounts falling due after more than one year	##		-			-

Provisions for liabilities			-			-


Net assets			128,323			233,436

Capital and reserves
Called up share capital			337,666			274,994
Share premium			-			-
Profit and loss account			(209,343)			(41,558)

Shareholders' funds			128,323			233,436

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Ms Raluca Epureanu
Director
Approved by the board on 29 December 2025

Uptalent Limited
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.


3	Employees	2024		2023
Number			Number

	Average number of persons employed by the company	1		1


4	Intangible fixed assets			£
	Software:

	Cost
	At 1 January 2024			121,570
	Additions			128,507
	Disposals			-
	At 31 December 2024			250,077

	Amortisation
	At 1 January 2024			6,254
	Provided during the year			41,759
	On disposals			-
	At 31 December 2024			48,013

	Net book value
	At 31 December 2024			202,064
	At 31 December 2023			115,316

	Intangible assets are being written off in equal annual instalments over its estimated economic life of 5 years.




9	Creditors: amounts falling due within one year	2024		2023
£			£

	Bank loans and overdrafts	141		141
	Trade creditors	111,473		123,970
	Taxation and social security costs	110		(1,731)
	Other creditors	9,933
		121,657		122,380




21	Related party transactions

	There were no related party transactions that required disclosure.


22	Controlling party

	There is no overall controlling party.


23	Other information

	Uptalent Limited is a private company limited by shares and incorporated in England. Its registered office is:
	5 Brayford Square
	London
	E1 0SG