Online Supplies UK Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: SC572541

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		28,471		28,471

			28,471		28,471
CURRENT ASSETS
Stocks	5	111,630		101,390
Debtors	6	-		9,128
Cash at bank and in hand		4,624		56,185

		116,254		166,703
Creditors: Amounts Falling Due Within One Year	7	(263,394 )		(219,949 )

NET CURRENT ASSETS (LIABILITIES)			(147,140 )		(53,246 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(118,669 )		(24,775 )

Creditors: Amounts Falling Due After More Than One Year	8		(5,773 )		(21,373 )

NET LIABILITIES			(124,442 )		(46,148 )

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			(124,542 )		(46,248 )

SHAREHOLDERS' FUNDS			(124,442)		(46,148)

Page 1

Page 2

Online Supplies UK Ltd

Balance Sheet (continued)

As At 31 December 2024

For the 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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Basharat Bashir

Director

29/09/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Online Supplies UK Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC572541 . The registered office is 739 South Street, , Barclay Curle House , Glasgow, G14 0BX.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles	10% reducing balance
Fixtures & Fittings	10% reducing balance

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 12 (2023: 14)

4. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 January 2024	6,500	37,209	43,709

As at 31 December 2024	6,500	37,209	43,709

Depreciation
As at 1 January 2024	-	15,238	15,238

As at 31 December 2024	-	15,238	15,238

Net Book Value
As at 31 December 2024	6,500	21,971	28,471

As at 1 January 2024	6,500	21,971	28,471

Page 3

Page 4

Online Supplies UK Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

5. Stocks

	2024	2023
	£	£
Stock	111,630	-
Finished goods	-	101,390

	111,630	101,390

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	-	9,128

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	257,303	210,065
Other creditors	1,000	1,000
Taxation and social security	5,091	8,884

	263,394	219,949

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Other creditors	5,773	21,373

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

Page 4