REGISTERED NUMBER: SC321763 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

UNICORN INC LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Alison Bowie

REGISTERED OFFICE:

20 Ravelrig Gait

Balerno

Midlothian

EH14 7NH

REGISTERED NUMBER:

SC321763 (Scotland)

FIXED ASSETS

Tangible assets

4

15,050

21,655

CURRENT ASSETS

Stocks

489,328

342,197

Debtors

5

430,232

194,793

Cash at bank

221,571

208,628

1,141,131

745,618

CREDITORS

Amounts falling due within one year

6

900,331

578,147

NET CURRENT ASSETS

240,800

167,471

TOTAL ASSETS LESS CURRENT LIABILITIES

255,850

189,126

PROVISIONS FOR LIABILITIES

3,750

5,400

NET ASSETS

252,100

183,726

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

251,100

182,726

SHAREHOLDERS' FUNDS

252,100

183,726

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 her 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 29 December 2025 and were signed by:

Alison Bowie - Director

1.	STATUTORY INFORMATION

Unicorn Inc Limited 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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, 25% on cost and in accordance with the property

The director undertakes an impairment review where there is an indication of impairment.

Stocks

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

Basic financial instruments

Short term debtors are measured at transaction 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.

Short term creditors are measured at transaction 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.

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.

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.

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, and those as employer contributions to the employees own schemes, are charged to profit or loss in the period to which they relate.

Provisions

Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

32,717

Additions

9,415

Disposals

(12,000

)

At 31 March 2025

30,132

DEPRECIATION

At 1 April 2024

11,062

Charge for year

16,020

Eliminated on disposal

(12,000

)

At 31 March 2025

15,082

NET BOOK VALUE

At 31 March 2025

15,050

At 31 March 2024

21,655

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

151,238

160,106

Other debtors

278,994

34,687

430,232

194,793

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

608,791

300,767

Taxation and social security

107,577

138,936

Other creditors

183,963

138,444

900,331

578,147

Included within other creditors is an amount of £2,197 (2024 - £1,727) due in respect of automatic enrolment pension contributions.

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.25

31.3.24

£

£

Within one year

34,747

34,538

Between one and five years

5,038

39,784

39,785

74,322

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £20,000 were paid to the director .

Included within creditors is an amount of £118,022 (2024 - £95,038) due to the director on loan account. The loan accrues interest at 10% being £11,207 (2024 - £ 5,912) for the year, with £nil (2024 - £801) due at the year end. There are no fixed terms for repayment of the loan balance.