Registration number: NI029319

UB Solutions Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 5

UB Solutions Limited

(Registration number: NI029319)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	260,582	211,341
Current assets
Debtors	5	51,686	38,200
Cash at bank and in hand		56,614	43,204
		108,300	81,404
Creditors: Amounts falling due within one year	6	(627,509)	(361,551)
Net current liabilities		(519,209)	(280,147)
Net liabilities		(258,627)	(68,806)
Capital and reserves
Called up share capital	7	230,000	230,000
Retained earnings		(488,627)	(298,806)
Shareholders' deficit		(258,627)	(68,806)

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	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 provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 30 October 2025 and signed on its behalf by:
 

......................................... Christopher McCoubrey Director

UB Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is:
50 Ballymacrea Road
Portrush
BT56 8NS
Northern Ireland

These financial statements were authorised for issue by the Board on 30 October 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

Basis of preparation
There 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.

The presentational currency is £ Sterling.

The level of rounding is to the nearest £ Sterling.

Debtors

Short term debtors are measured at the transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
 

UB Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
 

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.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the performance model.

UB Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Deferred Development Expenditure and Amortisation

Expenditure on the development of computer software programs is capitalised in the balance sheet as an intangible asset in circumstances where future recoverability can be forseen with reasonable assurance. Any expenditure carried forward is amortised in line with the expected revenues from the project.

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset. Amortisation commences in the accounting period in which revenues from the project are first generated.
 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 9 (2024 - 9).

4	Intangible assets

	Other  £	Total £
Cost or valuation
At 1 April 2024	1,630,748	1,630,748
Additions	188,468	188,468
At 31 March 2025	1,819,216	1,819,216
Amortisation
At 1 April 2024	1,419,407	1,419,407
Provided during the period	139,227	139,227
At 31 March 2025	1,558,634	1,558,634
Carrying amount
At 31 March 2025	260,582	260,582
At 31 March 2024	211,341	211,341

The value of capitalised salary and overhead costs to date is £1,819,216. Each project is being amortised over a four year period as this represents the time over which economic benefits are expected to arise. The development costs of ten of the projects have been fully amortised as at the reporting date.
 

5

Debtors

UB Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

	Note	2025 £	2024 £
Amounts owed by group undertakings	9	47,001	33,972
Prepayments		4,685	4,228
		51,686	38,200

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Amounts owed to group undertakings	9	620,928	318,894
Taxation and social security		2,185	13,612
Accruals and deferred income		3,509	3,190
Other creditors		887	25,855
		627,509	361,551

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	230,000	230,000	230,000	230,000

8	Ultimate Controlling Party

UBTAS Limited holds 100% of the shares in UB Solutions Limited.
 

9	Related party transactions

The company has availed of the exemptions under FRS102 in relation to the disclosures of transactions with group companies.