| REGISTERED NUMBER: |
| UCAN ENTERPRISES LTD |
| FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024 |
| REGISTERED NUMBER: |
| UCAN ENTERPRISES LTD |
| FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024 |
| UCAN ENTERPRISES LTD (REGISTERED NUMBER: SC427198) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30TH JUNE 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| UCAN ENTERPRISES LTD |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30TH JUNE 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 11 Portland Road |
| Kilmarnock |
| Ayrshire |
| KA1 2BT |
| UCAN ENTERPRISES LTD (REGISTERED NUMBER: SC427198) |
| BALANCE SHEET |
| 30TH JUNE 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| UCAN ENTERPRISES LTD (REGISTERED NUMBER: SC427198) |
| BALANCE SHEET - continued |
| 30TH JUNE 2024 |
| 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 were approved by the Board of Directors and authorised for issue on |
| UCAN ENTERPRISES LTD (REGISTERED NUMBER: SC427198) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30TH JUNE 2024 |
| 1. | STATUTORY INFORMATION |
| UCAN Enterprises Ltd is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents management and cost recharges net of applicable VAT. |
| Tangible fixed assets |
| 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 profit or loss in the period to which they relate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1st July 2023 |
| Additions |
| Disposals | ( |
) |
| At 30th June 2024 |
| DEPRECIATION |
| At 1st July 2023 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 30th June 2024 |
| NET BOOK VALUE |
| At 30th June 2024 |
| At 30th June 2023 |
| UCAN ENTERPRISES LTD (REGISTERED NUMBER: SC427198) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30TH JUNE 2024 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Amounts owed to associates | 31,036 | 29,153 |
| Taxation and social security |
| Other creditors |
| 7. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| At the balance sheet date there was an amount of £29,910 due to the company by the directors. This balance was fully repaid after the year-end date. No interest was charged during the year. |
| 8. | RELATED PARTY DISCLOSURES |
| At the balance sheet date there was an amount of £31,036 due to Ucan Learn.Work.Live Ltd, a company controlled by the directors. |
| During the year management charges of £1,061,243 were raised to Ucan Learn.Work.Live Ltd. This is a social enterprise company which is controlled by the directors. |
| During the year, there were lease transactions involving Ucan Learn.Work.Live Ltd. In addition, there is a sublease between the company and this entity. The related accounting in respect of these leases is currently being reviewed by the directors. |