REGISTERED NUMBER: SC624630 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

UA Accessories Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Gourlay

Mrs N Gourlay

REGISTERED OFFICE:

Rathlin

North Road

Ullapool

Ross-shire

IV26 2XL

REGISTERED NUMBER:

SC624630 (Scotland)

ACCOUNTANTS:

Mackay & Co

Chartered Accountants

Unit 8

Golspie Business Park

Golspie

Sutherland

KW10 6UB

FIXED ASSETS

Intangible assets

4

1,595

1,570

Tangible assets

5

6,969

11,376

8,564

12,946

CURRENT ASSETS

Stocks

113,881

166,175

Debtors

47,972

73,202

Cash at bank

5,548

-

167,401

239,377

CREDITORS

Amounts falling due within one year

117,103

111,531

NET CURRENT ASSETS

50,298

127,846

TOTAL ASSETS LESS CURRENT LIABILITIES

58,862

140,792

CREDITORS

Amounts falling due after more than one year

30,201

18,336

NET ASSETS

28,661

122,456

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

28,561

122,356

28,661

122,456

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 16 October 2025 and were signed on its behalf by:

Mrs N Gourlay - Director

1.	STATUTORY INFORMATION

UA Accessories Ltd 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.

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.

The company has purchased patents and licences which are being amortised over their estimated useful life of 5 years.

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

-

33% on cost, 25% on cost 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.

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 6 (2024 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

37,916

Additions

520

At 31 March 2025

38,436

AMORTISATION

At 1 April 2024

36,346

Amortisation for year

495

At 31 March 2025

36,841

NET BOOK VALUE

At 31 March 2025

1,595

At 31 March 2024

1,570

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

44,760

Additions

327

At 31 March 2025

45,087

DEPRECIATION

At 1 April 2024

33,384

Charge for year

4,734

At 31 March 2025

38,118

NET BOOK VALUE

At 31 March 2025

6,969

At 31 March 2024

11,376