REGISTERED NUMBER: 04170286 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28 February 2025

for

Uptime Services Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J G Molloy

SECRETARY:

N A Molloy

REGISTERED OFFICE:

Airport House

Suite 43-45

Purley Way

Croydon

Surrey

CR0 0XZ

REGISTERED NUMBER:

04170286 (England and Wales)

ACCOUNTANTS:

Ledger Sparks Limited

Airport House

Suite 43-45

Purley Way

Croydon

CR0 0XZ

FIXED ASSETS

Tangible assets

4

4,057

5,409

CURRENT ASSETS

Debtors

5

26,305

33,171

Cash at bank

192,820

186,550

219,125

219,721

CREDITORS

Amounts falling due within one year

6

(84,735

)

(92,854

)

NET CURRENT ASSETS

134,390

126,867

TOTAL ASSETS LESS CURRENT LIABILITIES

138,447

132,276

PROVISIONS FOR LIABILITIES

7

(767

)

(995

)

NET ASSETS

137,680

131,281

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

8

137,580

131,181

137,680

131,281

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 September 2025 and were signed by:

J G Molloy - Director

1.	STATUTORY INFORMATION

Uptime Services 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 (£).

The principal activity of the company continued to be that of the software development, sale and maintenance of software.

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 represents amounts receivable for goods and services net of VAT and trade discounts.

TANGIBLE FIXED ASSETS

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery

25% on reducing balance

Fixtures and fittings

25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

FINANCIAL INSTRUMENTS

The company only enters into basic financial transactions that result in recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from bank and other third parties, loans to related parties and investments in non-puttable ordinary shares.

TAXATION

The tax expense represents the sum of the tax currently payable and deferred tax.

CURRENT TAX

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

DEFERRED TAX

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

PROVISION FOR LIABILITIES

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the statement of income and retained earnings in the year that the company becomes aware of the obligation and are measured at the best estimate at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in Balance sheet.

GOING CONCERN

At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 March 2024

and 28 February 2025

17,865

283

18,148

DEPRECIATION

At 1 March 2024

12,465

274

12,739

Charge for year

1,350

2

1,352

At 28 February 2025

13,815

276

14,091

NET BOOK VALUE

At 28 February 2025

4,050

7

4,057

At 29 February 2024

5,400

9

5,409

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

25,895

32,868

Other debtors

410

303

26,305

33,171

The director considers the carrying value of trade and other receivables approximate to their fair value.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

84

59

Taxation and social security

17,357

30,201

Other creditors

67,294

62,594

84,735

92,854

The director considers the carrying amounts of current liabilities approximate to their fair values.

7.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

767

995

Deferred

tax

£

Balance at 1 March 2024

995

Provided during year

(228

)

Balance at 28 February 2025

767

8.

RESERVES

PROFIT AND LOSS RESERVES

The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2025 and 29 February 2024:

2025

2024

£

£

J G Molloy

Balance outstanding at start of year

(60,828

)

(49,947

)

Amounts advanced

45,623

52,504

Amounts repaid

(50,219

)

(63,385

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(65,424

)

(60,828

)

10.	RELATED PARTY DISCLOSURES

As at the balance sheet date, included in other creditors were amounts of £65,424 (2024 - £60,828) due to the director. This loan is interest free and repayable on demand.