REGISTERED NUMBER: 12297800 (England and Wales)

U POWER LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

F S Gohir

REGISTERED OFFICE:

Greenfield House

31 East Street

Huddersfield

Yorkshire

HD3 3ND

REGISTERED NUMBER:

12297800 (England and Wales)

ACCOUNTANTS:

SMH Sheards

Vernon House

40 New North Road

Huddersfield

West Yorkshire

HD1 5LS

FIXED ASSETS

Tangible assets

4

741

-

CURRENT ASSETS

Debtors

5

15,503

41

Cash at bank and in hand

184

9,994

15,687

10,035

CREDITORS

Amounts falling due within one year

6

(418,249

)

(289,190

)

NET CURRENT LIABILITIES

(402,562

)

(279,155

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(401,821

)

(279,155

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(401,921

)

(279,255

)

SHAREHOLDERS' FUNDS

(401,821

)

(279,155

)

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 director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 December 2025 and were signed by:

F S Gohir - Director

1.	STATUTORY INFORMATION

U Power 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The accounts are prepared on the going concern basis. The director will support the company during the initial trading periods.

Tangible fixed assets

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

Computer equipment

-

33% on cost

Financial instruments

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

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

Financial liabilities are classified depending on the substance of the contractual arrangements entered into.

Basic financial liabilities, including other creditors and accruals, are initially recognised at transaction price.

Financial assets and liabilities are derecognised when the company's contractual obligations are settled, cancelled or they expire.

Taxation

Taxation for the year comprises current 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 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.

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 1 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

Additions

1,106

At 31 March 2025

1,106

DEPRECIATION

Charge for year

365

At 31 March 2025

365

NET BOOK VALUE

At 31 March 2025

741

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

400

-

Other debtors

15,103

41

15,503

41

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

42,293

567

Amounts owed to group undertakings

355,206

263,206

Taxation and social security

-

1,096

Other creditors

20,750

24,321

418,249

289,190

7.	RELATED PARTY DISCLOSURES

Loans owing to U Energy (Yorkshire) Limited of £355,206 (2024 - £263,206), a member of the same trading group, were outstanding at the year end. The amounts are repayable on demand.

Loans owing from U Power Group Limited of £400 were outstanding at the year end, a company who is the only shareholder of U Power Ltd. The amounts are repayable on demand.

Loans owing to minority shareholders of £20,000 (2024 - £20,000) were outstanding at the year end, the amounts are repayable on demand.

8.	GOING CONCERN

The business is dependant on the continuing support of the holding company.