REGISTERED NUMBER: SC777235 (Scotland)

Liamring Ltd

Unaudited Financial Statements

for the Year Ended 31 July 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr K Wu

REGISTERED OFFICE:

9 Ainslie Place

Edinburgh

EH3 6AT

REGISTERED NUMBER:

SC777235 (Scotland)

ACCOUNTANTS:

Whitelaw Wells

9 Ainslie Place

Edinburgh

Midlothian

EH3 6AT

BANKERS:

Barclays Bank UK Plc

York 2

Leicester

LE87 2BB

FIXED ASSETS

Tangible assets

4

316,332

-

CURRENT ASSETS

Stocks

36,000

-

Debtors

5

23,390

100

Cash at bank and in hand

98,766

-

158,156

100

CREDITORS

Amounts falling due within one year

6

225,909

-

NET CURRENT (LIABILITIES)/ASSETS

(67,753

)

100

TOTAL ASSETS LESS CURRENT LIABILITIES

248,579

100

CREDITORS

Amounts falling due after more than one year

7

273,212

-

NET (LIABILITIES)/ASSETS

(24,633

)

100

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(24,733

)

-

SHAREHOLDERS' FUNDS

(24,633

)

100

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 24 April 2026 and were signed by:

Mr K Wu - Director

1.	STATUTORY INFORMATION

Liamring 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 and revenue recognition

Turnover, which represents net invoiced sales of goods exclusive of value added tax, is recognised at the point when goods are sold to the customer.

Tangible fixed assets

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

Land and buildings

-

over lease term

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.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

All loans with related parties are all repayable on demand.

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.

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.

Provision for liabilities

Provisions are recognised where the company has a present obligation as a result of a past event, it is probably the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

Leases

The company recognises a right-of-use asset and a corresponding lease liability for leases where it has the right to control the use of an asset for a period of time. The right-of-use asset is depreciated over the lease term, and the lease liability is measured at the present value of future lease payments, with interest charged to profit and loss over the term of the lease. Lease payments for short-term or low-value leases are expensed as incurred.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

Additions

290,456

69,013

359,469

At 31 July 2025

290,456

69,013

359,469

DEPRECIATION

Charge for year

29,046

14,091

43,137

At 31 July 2025

29,046

14,091

43,137

NET BOOK VALUE

At 31 July 2025

261,410

54,922

316,332

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

23,390

100

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

242

-

Taxation and social security

459

-

Other creditors

225,208

-

225,909

-

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

273,212

-

8.	RELATED PARTY DISCLOSURES

Mr K Wu, a director and shareholder of the company. During the year, the director paid expenses on behalf of the company totalling £30,011 and advanced funds to the company of £38,338. The company also advanced £1,050 to the director which was fully repaid within the year. At 31 July 2025, the balance owed by the company to the director amounted to £68,294 (2024: £55 owed to company). The balance is unsecured, interest free and has no fixed terms of repayment.

During the year, the company's other shareholder paid expense on behalf of the company totalling £48,824. At 31 July 2025, the balance owed by the company to the shareholder amounted to £40,779 (2024: £45 owed to company). The balance is unsecured, interest free and has no fixed terms of repayment.

The director’s wife is the director and shareholder of Camry Limited. During the year, Camry Limited paid expenses on behalf of the company totalling £60,111. The company repaid £15,351 to Camry Limited during the year. At 31 July 2025, the balance owed by the company to Camry Limited was £44,760 (2024: £Nil). The balance is unsecured, interest free and has no fixed repayment terms.

The director is also the shareholder of Riching Limited. During the year, Riching Limited paid expenses on behalf of the company totalling £37,402. The company repaid £2,356 to Riching Limited during the year. At 31 July 2025, the balance owed by the company to Riching Limited was £35,046 (2024: £Nil). The balance is unsecured, interest free and has no fixed repayment terms.