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U.S. SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549



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FORM 10-KSB



|x | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
|- | ----------------------------------------------------

| | SECURITIES ACT OF 1934.
| | -----------------------



For the fiscal year ended December 31, 2003



| ̈ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
|- | --------------------------------------------------------

| | SECURITIES ACT OF 1934.
| | -----------------------



For the Transition period from
 to
.



Commission file number: 000-49729



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UHF Incorporated

(Name of small business issuer in its charter)



|                                                               |  |                                        
|-------------------------------------------------------------- |  | ---------------------------------------
|Michigan                                                       |  | 38-1740889                             
|(State or other jurisdiction of incorporation or organization) |  | (I.R.S. Employer Identification Number)



24001 Greater Mack
Avenue

St. Clair Shores, Michigan 48080

(Address and zip code of principal executive offices)



(586) 778-0900

(Issuers phone number including area code)



Securities to be registered pursuant to Section 12(b) of the Act:

None



Securities to be registered pursuant to Section 12(g) of the Act:

Common Stock, par value $.001 per share



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Check whether the issuer (1) has filed all reports required to be filed by
Section 13 or 15(d) of the Securities and Exchange Act of 1934 during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90
days.  Yes   x  No ̈



Check if no disclosure of delinquent filers to Item 405 of Regulation S-B is
contained in this form, and no disclosure will be contained, to the best of registrants knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-KSB or any amendment to this Form
10-KSB.  x



The
issuers revenues for its most recent fiscal year were $0.



The aggregate market value of the voting stock, consisting solely of common stock, held by non-affiliates of the issuer computed by reference to the closing price of such stock was $0 as of December 31, 2003.



The number of shares of the issuers common stock outstanding, as of
December 31, 2003 was 9,480,754.



Transitional Small Business
Disclosure Format:  Yes   x  No ̈



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PART I

[Items 6  12 of Model B of Form 1-A]



|ITEM 6. | DESCRIPTION OF BUSINESS.
|------- | ------------------------



UHF Incorporated (the Company) was incorporated in Michigan on March 13, 1964 with the name State Die & Manufacturing Company. On March 1,
1971 its name was changed to State Manufacturing, Inc., on April 1, 1981 its name was changed to State Die and Engineering Inc., on July 19, 1984 its name was changed to Universal Robotics and Automation, Inc., on October 23, 1984 its name was
changed to Universal Automation Corporation, and on March 4, 1992 its name was changed to UHF Incorporated.



In 1991, the Company became a holding company by transferring its assets to a newly-formed, wholly-owned corporation and by purchasing the outstanding
stock of two closely held corporations. These three subsidiaries sold their businesses in 1994, and the Company paid its debts. Since 1994, the Company has been inactive and has had no assets or employees. The Company has no patents, trademarks,
licenses, franchises, concessions, royalty agreements or labor contracts and is not aware of any environmental liabilities or potential environmental liabilities.



The Company has no plan of operation for the next 12 months and no plans to hire any employees. The Company anticipates that
any cash requirements it may have over the next 12 months will be funded by its majority stockholder.



|ITEM 7. | DESCRIPTION OF PROPERTY.
|------- | ------------------------



The Company neither owns nor leases any properties.



|ITEM 8. | DIRECTORS, EXECUTIVE OFFICERS AND SIGNIFICANT EMPLOYEES.
|------- | --------------------------------------------------------



Information concerning the directors and executive officers of the Company is set forth below. The Company has no employees.



Ronald C. Schmeiser, age 73, has been a director, President and Chief
Executive Officer of the Company since 1998. He is a Certified Public Accountant and a former Director of Finance of the City of Pittsburgh, Pennsylvania. Mr. Schmeiser has been the Deputy Controller and School Auditor of the Pittsburgh School
District since January 1, 2000 and prior thereto served as President of Kromer Associates, a financial consulting firm.



Walter L. Baumgardner, age 63, has been a director, Vice President and General Counsel of the Company since 1991. He has been a practicing attorney for
more than five years.



Victor H. Pribanic, age 49, has been a
director, Vice President and Treasurer of the Company since 1998. He has been a practicing attorney for more than five years.



Vincent J. Senko, age 53, has been Secretary of the Company since 1998. He has been a practicing attorney for more than five years.





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The By-Laws of the Company provide for a Board of seven directors, however there have been only three
directors since that provision was adopted in 1998. The By-Laws also provide that the directors shall hold office for a period of three years, with one-third of the Board of Directors being elected at each annual meeting, and that at the annual
meeting of shareholders in the year 1998 one director shall be elected for a period of three years, one director shall be elected for a period of two years and one director shall be elected for a period of one year. At that meeting, Mr. Schmeiser
was elected for a three-year term, Mr. Baumgardner for a two-year term and Mr. Pribanic for a one-year term. No shareholder meetings have been held since that time.



|ITEM 9. | REMUNERATION OF DIRECTORS AND OFFICERS.
|------- | ---------------------------------------



No compensation was awarded to, earned by or paid to any officers or directors of the Company during the last fiscal year. The Company has no remuneration
or benefit plans or arrangements.



|ITEM 10. | SECURITY OWNERSHIP OF MANAGEMENT AND CERTAIN SECURITYHOLDERS.
|-------- | -------------------------------------------------------------



The only security the Company has outstanding is common stock, par value $.001 per share (Common Stock). The following table sets forth
information concerning persons or entities that own of record more than five percent of the outstanding Common Stock. Except for Dachris, Ltd., the Company has no information concerning the beneficial ownership of the shares beyond what is shown on
the official list of the owners of record.



STOCK OWNERSHIP OF
CERTAIN BENEFICIAL OWNERS



|                      |  |                                                      |  |              |  |                 
|--------------------- |  | ---------------------------------------------------- |  | ------------ |  | ----------------
|Name                  |  | Address                                              |  | Shares Owned |  | Percent of Class
|Dachris, Ltd.*        |  | 304 Ross Street Pittsburgh, PA 15219                 |  | 6,331,992    |  | 66.79           
|                      |  |                                                      | 
|Walter L. Baumgardner |  | 24000 Greater Mack Avenue St. Clair Shores, MI
48080 |  | 474,250      |  | 5.00            



|* | Dachris, Ltd., a Pennsylvania corporation, is wholly-owned by David L. Lichtenstein whose address is 304 Ross Street, Pittsburgh, PA 15219.
|- | -------------------------------------------------------------------------------------------------------------------------------------------



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The following table sets forth information concerning the beneficial ownership of Common Stock by the
directors and officers of the Company and by all directors and officers of the Company as a group. There are no options, warrants or other rights outstanding to purchase securities from the Company, except as noted in Item 12 below.



STOCK OWNERSHIP OF MANAGEMENT



|                                                |  |                                                 |  |              |  |                 
|----------------------------------------------- |  | ----------------------------------------------- |  | ------------ |  | ----------------
|Name                                            |  | Positions                                       |  | Shares Owned |  | Percent of Class
|Ronald C. Schmeiser                             |  | Director, President and Chief Executive
Officer |  | 200,000      |  | 2.11            
|                                                |  |                                                 | 
|Walter L. Baumgardner                           |  | Director, Vice President and General Counsel    |  | 474,250      |  | 5.00            
|                                                |  |                                                 | 
|Victor H. Pribanic                              |  | Director, Vice President and Treasurer          |  | 75,000       |  | 3.96            
|                                                |  |                                                 | 
|Vincent J. Senko                                |  | Secretary                                       |  | 100,000      |  | 1.05            
|                                                |  |                                                 | 
|All directors and executive officers as a group |  |                                                 |  | 1,149,250    |  | 12.12           



|ITEM 11. | INTEREST OF MANAGEMENT AND OTHERS IN CERTAIN TRANSACTIONS.
|-------- | ----------------------------------------------------------



None



|ITEM 12. | DESCRIPTION OF SECURITIES.
|-------- | --------------------------



The Company is authorized to issue up to 50,000,000 shares of Common Stock, of which 9,480,754 are issued and outstanding. All shares of Common Stock
currently outstanding are fully paid and nonassessable. In addition to the shares currently outstanding, the Company may be required to issue 50,000 shares of Common Stock to an outside consultant. The Common Stock has no preemptive or conversion
rights and no redemption or sinking fund provisions. All shares have one vote on any matter submitted to a vote of shareholders, and the holders thereof have cumulative voting rights in the election of directors. Holders of the Common Stock are
entitled to receive dividends when and as declared by the Board of Directors out of funds legally available therefor. Upon dissolution of the Company, the holders of the Common Stock will be entitled to share ratably in the assets remaining after
the payment of indebtedness and other priority claims. The directors of the Company serve for staggered terms of three years. See Item 8.



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PART II



|ITEM  1. | MARKET PRICE OF AND DIVIDENDS ON THE REGISTRANTS COMMON EQUITY AND RELATED STOCKHOLDER MATTERS.
|-------- | ------------------------------------------------------------------------------------------------



There is no public trading market for the Common Stock. There are 229 holders of record of the Common Stock. No cash
dividends were declared on the Common Stock during the last two fiscal years. The Company has no compensation plans or individual compensation arrangements.



|ITEM  2. | LEGAL PROCEEDINGS.
|-------- | ------------------



To the Companys knowledge, the Company is not a party to any pending legal proceeding, and the Company is not aware of any legal proceeding that may
be contemplated against it by any governmental authority.



|ITEM  3. | CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS.
|-------- | ----------------------------------------------



None



|ITEM  4. | SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.
|-------- | ----------------------------------------------------



No matters were submitted to a vote of the Companys security holders during the fourth quarter of fiscal year 2003.



|ITEM  5. | COMPLIANCE WITH SECTION 16(a) OF THE EXCHANGE ACT.
|-------- | --------------------------------------------------



None



|ITEM  6. | REPORTS ON FORM 8-K
|-------- | -------------------



None





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PART F/S



UHF INCORPORATED



FINANCIAL STATEMENTS AND

INDEPENDENT
AUDITORS REPORT

December 31, 2003, 2002, and 2001



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INDEPENDENT AUDITORS REPORT



To the Board of Directors

and Stockholders of

UHF Incorporated



We have audited the accompanying
balance sheets of UHF Incorporated as of December 31, 2003 and 2002 and the related statements of operations and retained deficit and cash flows for the years ended December 31, 2003, 2002, and 2001. These financial statements are the responsibility
of the Companys management. Our responsibility is to express an opinion on these financial statements based on our audits.



We conducted our audits in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and
perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An
audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.



In our opinion, the financial statements referred to above
present fairly, in all material respects, the financial position of UHF Incorporated as of December 31, 2003 and 2002, and the results of its operations and its cash flows for the years ended December 31, 2003, 2002, and 2001, in conformity with
accounting principles generally accepted in the United States of America.



LOUIS PLUNG & COMPANY, LLP



Pittsburgh, Pennsylvania

January 24, 2004





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UHF INCORPORATED



BALANCE SHEETS

December 31, 2003 and 2002



|                                                                                              |  |      |        |   |      |   |        |  
|--------------------------------------------------------------------------------------------- |  | ---- | ------ | - | ---- | - | ------ | -
|ASSETS                                                                                        |  |      |        |   |      |   |        |  
|                                                                                              |  | 2003 |        |   | 2002 |  
|CASH                                                                                          |  | $    |       |   |      | $ |       |  
|                                                                                              |  |      |        |   |      |   |        |  
|ORGANIZATION COST                                                                             |  |      |       |   |      |   |       |  
|                                                                                              |  |      |        |   |      |   |        |  
|TOTAL ASSETS                                                                                  |  | $    |       |   |      | $ |       |  
|                                                                                              |  |      |        |   |      |   |        |  
|LIABILITIES AND STOCKHOLDERS DEFICIT                                                         |  |      |        |   |      |   |        |  
|ACCRUED EXPENSES                                                                              |  | $    | 4,000  |   |      | $ | 4,000  |  
|                                                                                              |  |      |        |   |      |   |        |  
|Total liabilities                                                                             |  |      | 4,000  |   |      |   | 4,000  |  
|                                                                                              |  |      |        |   |      |   |        |  
|COMMITMENTS AND CONTINGENCIES                                                                 |  |      |       |   |      |   |       |  
|STOCKHOLDERS DEFICIT                                                                         |  |      |        |   |      |   |        |  
|Common stock, $.001 par value; 50,000,000 authorized shares, 9,480,754 issued and outstanding |  |      | 9,481  |   |      |   | 9,481  |  
|PAID IN CAPITAL                                                                               |  |      | (9,481 | ) |      |   | (9,481 | )
|RETAINED DEFICIT                                                                              |  |      | (4,000 | ) |      |   | (4,000 | )
|Total stockholders deficit                                                                   |  |      | (4,000 | ) |      |   | (4,000 | )
|                                                                                              |  |      |        |   |      |   |        |  
|TOTAL LIABILITIES AND STOCKHOLDERS DEFICIT                                                   |  | $    |       |   |      | $ |       |  
|                                                                                              |  |      |        |   |      |   |        |  



The accompanying notes
are an integral part of these financial statements.





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UHF INCORPORATED



STATEMENTS OF OPERATIONS AND RETAINED DEFICIT

Years Ended December 31, 2003, 2002, and 2001



|                                   |  |      |        |   |      |   |        |      |  |   |        |  
|---------------------------------- |  | ---- | ------ | - | ---- | - | ------ | ---- |  | - | ------ | -
|                                   |  | 2003 |        |   | 2002 |   |        | 2001 | 
|REVENUE                            |  | $    |       |   |      | $ |       |      |  | $ |       |  
|OPERATING EXPENSES                 |  |      |       |   |      |   |       |      |  |   |       |  
|                                   |  |      |        |   |      |   |        |      |  |   |        |  
|NET INCOME                         |  |      |       |   |      |   |       |      |  |   |       |  
|                                   |  |      |        |   |      |   |        |      |  |   |        |  
|Retained DeficitBeginning of Year |  |      | (4,000 | ) |      |   | (4,000 | )    |  |   | (4,000 | )
|                                   |  |      |        |   |      |   |        |      |  |   |        |  
|RETAINED DEFICITEND OF YEAR       |  | $    | (4,000 | ) |      | $ | (4,000 | )    |  | $ | (4,000 | )
|                                   |  |      |        |   |      |   |        |      |  |   |        |  



The accompanying notes
are an integral part of these financial statements.



-8-



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UHF INCORPORATED



STATEMENTS OF CASH FLOWS

Years Ended December 31, 2003, 2002, and 2001



|                                          |  |      |   |      |   |      |  |   |  
|----------------------------------------- |  | ---- | - | ---- | - | ---- |  | - | -
|                                          |  | 2003 |   | 2002 |   | 2001
|CASH FLOWS FROM OPERATING ACTIVITYNONE   |  | $    |  |      | $ |     |  | $ | 
|CASH FLOW FROM INVESTING ACTIVITIESNONE  |  |      |  |      |   |     |  |   | 
|CASH FLOWS FROM FINANCING ACTIVITIESNONE |  |      |  |      |   |     |  |   | 
|                                          |  |      |   |      |   |      |  |   |  
|Net change in cash                        |  |      |  |      |   |     |  |   | 
|CashBeginning of Year                    |  |      |  |      |   |     |  |   | 
|                                          |  |      |   |      |   |      |  |   |  
|CASHEND OF YEAR                          |  | $    |  |      | $ |     |  | $ | 
|                                          |  |      |   |      |   |      |  |   |  



The accompanying notes
are an integral part of these financial statements.



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UHF INCORPORATED



NOTES TO FINANCIAL STATEMENTS



|1. | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
|-- | ------------------------------------------



Nature of OperationsUHF Incorporated (the Company) is a corporation organized under the laws of the state of Michigan. The
Company has been inactive and has not conducted any business in the ordinary course since July 1, 1994. Management has no current plans to conduct any business activity for the next twelve months and no plans to hire any employees. The Company
anticipates that any cash requirements it may have over the next twelve months will be funded by its majority stockholder.



Basis of AccountingThe financial statements are prepared using the accrual basis of accounting in which revenues are recognized when earned
and expenses are recognized when incurred.



EstimatesThe preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect certain reported
amounts and disclosures. Actual results may differ from these estimates and assumptions.



New Accounting PronouncementsThe following is a listing of new accounting pronouncements issued by the Financial Accounting Standards Board (FASB) and managements assessment regarding the effect
they will have on the Companys results of operations and financial position. Accounting pronouncements consist of Statements of Financial Accounting Standards (SFAS) and FASB Interpretations (FIN).



SFAS No. 149, Amendment of Statement 133 on Derivative Instruments and
Hedging Activities, issued April 2003. Management does not believe that adoption of this statement will have a material effect on the Company. Management will reevaluate this statement upon entering into any business activities.



SFAS No. 150, Accounting for Certain Financial Instruments with
Characteristics of both Liabilities and Equity, issued May 2003. Management does not believe that adoption of this statement will have a material effect on the Company. Management will reevaluate this statement upon entering into any business
activities.



FIN 45, Guarantors Accounting and
Disclosure Requirements for Guarantees, Including Indirect Guarantees of Indebtedness of Others issued November 2002. FIN 45 requires recognition at fair value of a liability for certain types of guarantee at the time of issuance including
contracts requiring payment to the guaranteed party, based on another entitys failure to perform pursuant to an obligating agreement. The initial recognition and measurement provisions are applicable to guarantees issued or modified after
December 31, 2002. Management does not believe that the adoption of this FIN will have a material effect on the Company. Management will reevaluate this FIN upon entering into any business activities.



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UHF INCORPORATED



NOTES TO FINANCIAL STATEMENTS



FIN 46, Consolidation of Variable Interest Entities issued January 2003. FIN 46 requires certain variable interest entities to be
consolidated by the primary beneficiary of the entity if the equity investors in the entity do not have the characteristics of a controlling financial interest or do not have sufficient equity at risk for the entity to finance its activities without
additional subordinated financial support from other parties. FIN 46 is effective for all new variable interest entities created or acquired after January 31, 2003. For variable interest entities created or acquired prior to February 1, 2003, the
provisions of FIN 46 must be applied no later than the end of the first annual period beginning after June 15, 2003. Management does not believe that the adoption of this FIN will have a material effect on the Company. Management will reevaluate
this FIN upon entering into any business activities.



|2. | COMMITMENT AND CONTINGENCIES
|-- | ----------------------------



Management has no knowledge and is not aware of any commitments or contingencies under which the Company is liable. Management has also represented that
they are not aware of any pending or threatened litigation, claims, or assessments against the Company.





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PART III



|ITEM 1. | INDEX TO EXHIBITS.
|------- | ------------------



(2) Restated Articles of Incorporation and By-Laws, as amended to date, filed as Exhibit 2 to the Companys Registration Statement on Form 10-SB, and incorporated herein by reference.



SIGNATURE



Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized.



|      |  |                  |  |  |  |                               |  |                                                          
|----- |  | ---------------- |  |  |  | ----------------------------- |  | ---------------------------------------------------------
|      |  |                  |  |  |  | UHF INCORPORATED (Registrant)
|      |  |                  |  | 
|Date: |  | January 24, 2004 |  |  |  | By:                           |  | /s/    Ronald C. Schmeiser                               
|      |  |                  |  |  |  |                               |  |                                                          
|      |  |                  |  |  |  |                               |  | Ronald C. Schmeiser President and Chief Executive Officer



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