REGISTERED NUMBER: 12929291 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

UNIQ SNOWSPORTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A D Breese

D N L Poth

REGISTERED OFFICE:

2nd Floor Medway Bridge House

1-8 Fairmeadow

Maidstone

Kent

ME14 1JP

REGISTERED NUMBER:

12929291 (England and Wales)

ACCOUNTANTS:

Crowe U.K. LLP

2nd Floor

Medway Bridge House

1-8 Fairmeadow

Maidstone

Kent

ME14 1JP

FIXED ASSETS

Intangible assets

4

170

170

Tangible assets

5

119,300

45,618

119,470

45,788

CURRENT ASSETS

Stocks

12,500

5,550

Debtors

6

280,013

239,621

Cash in hand

132,048

75,824

424,561

320,995

CREDITORS

Amounts falling due within one year

7

96,876

44,038

NET CURRENT ASSETS

327,685

276,957

TOTAL ASSETS LESS CURRENT LIABILITIES

447,155

322,745

CREDITORS

Amounts falling due after more than one year

8

(59,216

)

-

PROVISIONS FOR LIABILITIES

(29,825

)

-

DEFERRED INCOME

(262,041

)

(286,869

)

NET ASSETS

96,073

35,876

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

96,071

35,874

96,073

35,876

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by:

A D Breese - Director

D N L Poth - Director

1.	STATUTORY INFORMATION

Uniq Snowsports Limited is a private company, limited by shares , registered in England and Wales. 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 revenue earned under contracts to provide services. Revenue is recognised as earned when, and to the extent that, the company obtains the right to consideration in exchange for its performance under these contracts. It is measured at the fair value of the right to consideration, which represents amounts chargeable to clients, excluding value added tax.

Intangible fixed assets

Intangible assets, representing patents and licences, are recorded at cost.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance and 20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company has elected to apply the recognition and measurement provisions of Section 11 'Basic Financial Instrument' and Section 12 ' Other Financial Instrument Issues' of FRS102 to all of its instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs.

Basic financial liabilities

Basic financial liabilities, including creditors, are recognised at transaction price.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 2 (2023 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

Cost

At 1 November 2023

and 31 October 2024

170

Net book value

At 31 October 2024

170

At 31 October 2023

170

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

Cost

At 1 November 2023

66,292

Additions

101,756

Disposals

(21,530

)

At 31 October 2024

146,518

Depreciation

At 1 November 2023

20,674

Charge for year

14,681

Eliminated on disposal

(8,137

)

At 31 October 2024

27,218

Net book value

At 31 October 2024

119,300

At 31 October 2023

45,618

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

119,595

168,462

Amounts owed by group undertakings

1,654

-

Other debtors

158,764

71,159

280,013

239,621

Other debtors includes amounts of £41,992 (2023 - £16,870) and £43,365 (2023 - £19,871) due from directors.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Hire purchase contracts

15,067

-

Trade creditors

146

226

Taxation and social security

26,396

9,803

Other creditors

55,267

34,009

96,876

44,038

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts

59,216

-

The obligations under hire purchase agreements are secured by charges over the associated assets.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, the company made advances totalling £76,875 (2023 - £42,809) and £78,813 (2023 - £43,919) to the directors. Repayments totalling £51,753 (2023 - £25,940) and £55,319 (2023 - £24,052) respectively were made in respect of these advances. The overdrawn balances incurred interest at HMRC approved rates.