REGISTERED NUMBER: 16167323 (England and Wales)

UPSIDE PROJECTS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

7TH JANUARY 2025 TO 31ST MARCH 2026

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

A Huntly

Mrs J L Huntly

REGISTERED OFFICE:

8a Birkdale

Bexhill-On-Sea

TN39 3TR

REGISTERED NUMBER:

16167323 (England and Wales)

ACCOUNTANTS:

Gibbons Mannington & Phipps LLP

Chartered Accountants

20 Eversley Road

Bexhill-on-Sea

East Sussex

TN40 1HE

FIXED ASSETS

Tangible assets

4

43,874

CURRENT ASSETS

Debtors

5

131,789

Cash at bank

1,531

133,320

CREDITORS

Amounts falling due within one year

6

152,403

NET CURRENT LIABILITIES

(19,083

)

TOTAL ASSETS LESS CURRENT LIABILITIES

24,791

PROVISIONS FOR LIABILITIES

10,968

NET ASSETS

13,823

CAPITAL AND RESERVES

Called up share capital

8

4

Retained earnings

13,819

SHAREHOLDERS' FUNDS

13,823

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st March 2026.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5th October 2026 and were signed on its behalf by:

A Huntly - Director

Mrs J L Huntly - Director

1.	STATUTORY INFORMATION

Upside Projects Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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 historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

Additions

5,171

51,417

2,149

58,737

At 31st March 2026

5,171

51,417

2,149

58,737

DEPRECIATION

Charge for period

1,293

12,854

716

14,863

At 31st March 2026

1,293

12,854

716

14,863

NET BOOK VALUE

At 31st March 2026

3,878

38,563

1,433

43,874

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

126,739

Other debtors

5,050

131,789

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

36,042

Taxation and social security

37,858

Other creditors

78,503

152,403

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

£

Within one year

3,105

Between one and five years

3,105

6,210

The above operating lease commitments are in relation to rent payable.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

2

Ordinary

£1

2

1

Ordinary A

£1

1

1

Ordinary B

£1

1

4

The following shares were issued during the period for cash at par :

2 Ordinary shares of £1

1 Ordinary A share of £1

1 Ordinary B share of £1

9.	RELATED PARTY DISCLOSURES

Other Debtors of £5,050 relates to payments made during the period to another company in which the directors own a combined 30% of the share capital.