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REGISTERED NUMBER: SC427198 (Scotland)















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: M Buckman
J B Fairbairn
D Campbell





REGISTERED OFFICE: 5 Willock Street
Kilmarnock
Ayrshire
KA1 4HE





REGISTERED NUMBER: SC427198 (Scotland)





ACCOUNTANTS: JRD Partnership Ltd
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 59,714 50,391

CURRENT ASSETS
Debtors 5 32,633 2,999
Cash at bank and in hand 20,231 7,796
52,864 10,795
CREDITORS
Amounts falling due within one year 6 111,491 89,755
NET CURRENT LIABILITIES (58,627 ) (78,960 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,087

(28,569

)

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 787 (28,869 )
SHAREHOLDERS' FUNDS 1,087 (28,569 )

UCAN ENTERPRISES LTD (REGISTERED NUMBER: SC427198)

BALANCE SHEET - continued
30TH JUNE 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2024 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13th June 2025 and were signed on its behalf by:





D Campbell - Director


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 private company, limited by shares , registered in Scotland. 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.

Turnover
Turnover represents management and cost recharges net of applicable VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 53 (2023 - 42 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st July 2023 80,228
Additions 26,858
Disposals (2,583 )
At 30th June 2024 104,503
DEPRECIATION
At 1st July 2023 29,837
Charge for year 16,943
Eliminated on disposal (1,991 )
At 30th June 2024 44,789
NET BOOK VALUE
At 30th June 2024 59,714
At 30th June 2023 50,391

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 32,633 2,999

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to associates 31,036 29,153
Taxation and social security 74,744 55,350
Other creditors 5,711 5,252
111,491 89,755

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.