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Uprate Digital Ltd
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Notes to the financial statements
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for the year ended 31 January 2026
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1
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Company information
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Uprate Digital Ltd is a private company registered in England and Wales. Its registered number is 13367397. The company is limited by shares. Its registered office is Hawks Crane Hire Ltd, Green Street Green Road, Dartford, Kent, DA2 8DP.
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2
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Accounting policies
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Basis of preparing the financial statements
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These financial statements have been prepared in accordance with Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” including the provisions of Section 1A “Small Entities” and the Companies Act 2006. The financial statements have been prepared under the historic cost convention.
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Going concern
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As at 31 January 2026, the company had net current liabilities of £611,892 (2025: £508,792) and net liabilities of £338,109 (2025: £193,603). The director has reviewed the working capital available at 31 January 2026 and together with the continued support of the company’s investors and a company in common control, he is satisfied that the company will continue operating for at least the next 12 months from the signing of these accounts and pay its debts as they fall due. The director has therefore concluded that the accounts should be prepared on a going concern basis.
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Turnover
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Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
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Intangible assets
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Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
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Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
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Development costs
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Intangible assets include capitalised development expenditure incurred for the development of an online platform, for use within construction industry recruitment. Development expenditure is only capitalised from the point at which all recognition criteria has been met. The online platform is an internally generated intangible asset and only costs that are directly attributed to the development of the platform have been capitalised. Costs include services used to generate the platform and employee costs. The intangible asset is being amortised over its useful economic life of 10 years. Amortisation commenced from the point at which the online platform was made available for its original intended use, which was deemed to be in September 2023. Expenditure incurred during the research phase was written off to the profit and loss account as incurred.
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3
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