REGISTERED NUMBER: SC459392 (Scotland)

Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Unicorn Trading (Uk) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs M Mehta

A Mehta

REGISTERED OFFICE:

Cornerstone House

Station Road

Selkirk

TD7 5DJ

REGISTERED NUMBER:

SC459392 (Scotland)

ACCOUNTANTS:

DAS Accountant

Cornerstone House

Station Road

Selkirk

Scottish Borders

TD7 5DJ

FIXED ASSETS

Intangible assets

4

196,480

221,040

Tangible assets

5

97,931

128,890

294,411

349,930

CURRENT ASSETS

Debtors

6

441,291

371,037

Cash at bank

283,712

178,444

725,003

549,481

CREDITORS

Amounts falling due within one year

7

566,069

411,284

NET CURRENT ASSETS

158,934

138,197

TOTAL ASSETS LESS CURRENT LIABILITIES

453,345

488,127

CREDITORS

Amounts falling due after more than one year

8

159,368

185,796

NET ASSETS

293,977

302,331

CAPITAL AND RESERVES

Called up share capital

1,000

21,260

Retained earnings

292,977

281,071

293,977

302,331

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 15 September 2025 and were signed on its behalf by:

A Mehta - Director

1.	STATUTORY INFORMATION

Unicorn Trading (Uk) Limited 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Taxation

Taxation for the year 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 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 profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 8 (2023 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2023

and 30 September 2024

245,600

AMORTISATION

At 1 October 2023

24,560

Charge for year

24,560

At 30 September 2024

49,120

NET BOOK VALUE

At 30 September 2024

196,480

At 30 September 2023

221,040

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 October 2023

8,820

215,783

224,603

Additions

1,686

-

1,686

At 30 September 2024

10,506

215,783

226,289

DEPRECIATION

At 1 October 2023

6,076

89,637

95,713

Charge for year

1,108

31,537

32,645

At 30 September 2024

7,184

121,174

128,358

NET BOOK VALUE

At 30 September 2024

3,322

94,609

97,931

At 30 September 2023

2,744

126,146

128,890

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 October 2023

and 30 September 2024

215,783

DEPRECIATION

At 1 October 2023

89,637

Charge for year

31,537

At 30 September 2024

121,174

NET BOOK VALUE

At 30 September 2024

94,609

At 30 September 2023

126,146

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

as restated

£

£

Trade debtors

402,142

340,628

Other debtors

39,149

30,409

441,291

371,037

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

as restated

£

£

Bank loans and overdrafts

38,000

28,000

Hire purchase contracts

32,707

29,088

Trade creditors

394,929

296,193

Taxation and social security

100,433

48,178

Other creditors

-

9,825

566,069

411,284

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.24

30.9.23

as restated

£

£

Bank loans

64,334

112,334

Hire purchase contracts

117,930

135,577

Trade creditors

(22,896

)

(62,115

)

159,368

185,796

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

30.9.24

30.9.23

as restated

£

£

A Mehta and Mrs M Mehta

Balance outstanding at start of year

62,115

-

Amounts advanced

174,204

124,049

Amounts repaid

(213,423

)

(61,934

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

22,896

62,115

Interest has been charged at the average rate of 2.25%. The loan was repaid shortly after the year end.