Ureka Global Limited

Contents

Abridged Balance Sheet	1 to 2
Notes to the Unaudited Abridged Financial Statements	3 to 6

Ureka Global Limited

(Registration number: 08499525)
Abridged Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Intangible assets	4	202,945	225,828
Tangible assets	5	261,926	319,080
		464,871	544,908
Current assets
Stocks		570,545	594,683
Debtors		762,802	677,103
Cash at bank and in hand		819,823	965,677
		2,153,170	2,237,463
Creditors: Amounts falling due within one year		(1,023,816)	(1,189,954)
Net current assets		1,129,354	1,047,509
Total assets less current liabilities		1,594,225	1,592,417
Creditors: Amounts falling due after more than one year		(358,989)	(502,308)
Provisions for liabilities		(88,011)	(71,598)
Net assets		1,147,225	1,018,511
Capital and reserves
Called up share capital		613	613
Profit and loss account		1,146,612	1,017,898
Total equity		1,147,225	1,018,511

Ureka Global Limited

(Registration number: 08499525)
Abridged Balance Sheet as at 31 December 2024

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the Company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 7 August 2025 and signed on its behalf by:
 

Mr A M Nunn

Director

Ureka Global Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 5 Decoypool Road
St Modwen Park
Newport
NP19 4RG

These financial statements were authorised for issue by the Board on 7 August 2025.

2	Accounting policies

Statement of compliance

These filleted abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A' The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

Basis of preparation

These filleted abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Ureka Global Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	20% and 33.33% straight line
Office equipment	20% straight line
Motor vehicles	25% reducing balance
Plant and machinery	20% reducing balance

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	5% straight line
Trademarks	5% straight line

Investments

Investments in equity shares where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in the profit or loss account. Investments in equity shares where fair value cannot be measured reliably are measured at cost less impairment.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Provisions

Provisions are recognised when the Company has an obligation at the reporting date as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 19 (2023 - 19).

Ureka Global Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

4	Intangible assets

	Total £
Cost or valuation
At 1 January 2024	523,549
At 31 December 2024	523,549
Amortisation
At 1 January 2024	297,722
Amortisation charge	22,882
At 31 December 2024	320,604
Carrying amount
At 31 December 2024	202,945
At 31 December 2023	225,828

5	Tangible assets

	Total £
Cost or valuation
At 1 January 2024	552,322
Additions	29,717
At 31 December 2024	582,039
Depreciation
At 1 January 2024	233,242
Charge for the year	86,871
At 31 December 2024	320,113
Carrying amount
At 31 December 2024	261,926
At 31 December 2023	319,080

6	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £1,005,000 (2023 - £1,139,000).

Ureka Global Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

7	Related party transactions

Advances to directors

Mr R M Nunn During the period Mr R M Nunn went overdrawn on their director's loan account. The maximum overdrawn balance was £68,833 (2023 - £104,249). At the year end the amount outstanding from Mr R M Nunn was £67,963 (2023 - £32,735). Interest has been charged at the commercial rate.

Mr D C Nunn During the period Mr D C Nunn went overdrawn on their director's loan account. The maximum overdrawn balance was £694,966 (2023 - £113,095). At the year end the amount outstanding from Mr D C Nunn was £87,494 (2023 - £3,864). Interest has been charged at the commercial rate.

Mr A M Nunn During the period Mr A M Nunn went overdrawn on their director's loan account. The maximum overdrawn balance was £118,507 (2023 - £124,682). At the year end the amount outstanding from Mr A M Nunn was £107,492 (2023 - £80,393). Interest has been charged at the commercial rate.

Advances to shareholders Mr A C Nunn During the period Mr A C Nunn went overdrawn on their shareholder's loan account. The maximum overdrawn balance was £34,587 (2023 - £6,528). At the year end the amount outstanding from Mr A C Nunn was £34,587 (2023 - £6,528). Interest has been charged at commercial rate.