REGISTERED NUMBER: 04577828 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

UPTON GROUP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

F R MacDonald

T MacDonald

J Upton

SECRETARY:

J Upton

REGISTERED OFFICE:

The Vivars

Vivars Way

Selby

North Yorkshire

YO8 8BE

REGISTERED NUMBER:

04577828 (England and Wales)

ACCOUNTANTS:

Lloyd Dowson Limited

Medina House

2 Station Avenue

Bridlington

East Yorkshire

YO16 4LZ

FIXED ASSETS

Tangible assets

4

612,019

743,661

Investments

5

588,857

588,857

1,200,876

1,332,518

CURRENT ASSETS

Stocks

614,108

680,740

Debtors

6

159,890

436,382

Cash at bank and in hand

161,459

32,829

935,457

1,149,951

CREDITORS

Amounts falling due within one year

7

967,428

1,164,669

NET CURRENT LIABILITIES

(31,971

)

(14,718

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,168,905

1,317,800

CREDITORS

Amounts falling due after more than one year

8

(147,959

)

(275,028

)

PROVISIONS FOR LIABILITIES

(101,931

)

(74,512

)

NET ASSETS

919,015

968,260

CAPITAL AND RESERVES

Called up share capital

2,000

2,000

Retained earnings

917,015

966,260

919,015

968,260

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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2025 and were signed on its behalf by:

F R MacDonald - Director

1.	STATUTORY INFORMATION

Upton Group Limited 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.

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.

Preparation of consolidated financial statements

The financial statements contain information about Upton Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover represents goods and services provided in connection with vending services. Turnover is recognised on the exchange of goods and services performed.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Short leasehold

-

at varying rates on cost

Plant and machinery

-

at variable rates on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 year 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the statement of income and retained earnings over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the statement of income and retained earnings over the period to which they relate.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the statement of income and retained earnings in the period to which they relate.

The company has implemented auto-enrolment pension in respect of all employees. Contributions are charged to the statement of income and retained earnings in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 44 (2024 - 41 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 29 February 2024

134,149

2,767,278

2,901,427

Additions

-

30,819

30,819

Disposals

-

(45,117

)

(45,117

)

At 28 February 2025

134,149

2,752,980

2,887,129

DEPRECIATION

At 29 February 2024

33,551

2,124,215

2,157,766

Charge for year

2,032

154,671

156,703

Eliminated on disposal

-

(39,359

)

(39,359

)

At 28 February 2025

35,583

2,239,527

2,275,110

NET BOOK VALUE

At 28 February 2025

98,566

513,453

612,019

At 28 February 2024

100,598

643,063

743,661

The net book value of tangible fixed assets includes £ 200,865 (2024 - £ 274,416 ) in respect of assets held under hire purchase contracts.

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 29 February 2024

and 28 February 2025

588,857

NET BOOK VALUE

At 28 February 2025

588,857

At 28 February 2024

588,857

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

28.2.24

£

£

Trade debtors

132,995

321,744

Amounts owed by group undertakings

-

68,985

Other debtors

26,895

45,653

159,890

436,382

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

28.2.24

£

£

Bank loans and overdrafts

185,784

182,262

Hire purchase contracts

83,219

96,513

Trade creditors

289,994

400,478

Amounts owed to group undertakings

272,417

260,265

Taxation and social security

114,772

125,104

Other creditors

21,242

100,047

967,428

1,164,669

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

28.2.24

£

£

Bank loans

6,667

-

Hire purchase contracts

93,726

174,362

Other creditors

47,566

100,666

147,959

275,028

9.	SECURED DEBTS

The following secured debts are included within creditors:

28.2.25

28.2.24

£

£

Bank overdrafts

165,784

162,262

Hire purchase contracts

176,945

270,875

342,729

433,137

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

28.2.25

28.2.24

£

£

F R MacDonald

Balance outstanding at start of year

3,990

3,990

Amounts repaid

(3,990

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

3,990

T MacDonald

Balance outstanding at start of year

3,990

3,990

Amounts repaid

(3,990

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

3,990

J Upton

Balance outstanding at start of year

1,995

1,995

Amounts repaid

(1,995

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

1,995