Upwards Group Ltd - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 10155410 (England and Wales)

Unaudited Financial Statements

for the Period 29 April 2016 to 30 April 2017

for

Upwards Group Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

B T Kay

REGISTERED OFFICE:

Maroon Accounts

Granary House

18a North Street

Leatherhead

Surrey

KT22 7AW

REGISTERED NUMBER:

10155410 (England and Wales)

ACCOUNTANTS:

Maroon Accounts

Statutory Auditor

Granary House

18a North Street

Leatherhead

Surrey

KT22 7AW

CURRENT ASSETS

Debtors

4

11,144

Cash at bank

261

11,405

CREDITORS

Amounts falling due within one year

5

10,739

NET CURRENT ASSETS

666

TOTAL ASSETS LESS CURRENT LIABILITIES

666

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

566

SHAREHOLDERS' FUNDS

666

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the director on 20 July 2017 and were signed by:

B T Kay - Director

1.	STATUTORY INFORMATION

Upwards Group 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

4,666

Other debtors

6,478

11,144

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Taxation and social security

9,095

Other creditors

1,644

10,739

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30 April 2017:

£

B T Kay

Balance outstanding at start of period

-

Amounts advanced

6,378

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

6,378