REGISTERED NUMBER: SC363027 (Scotland)

Unaudited Financial Statements for the Year Ended 31st March 2025

for

Universal Energy (Scotland) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

4

DIRECTOR:

M J Wallace

REGISTERED OFFICE:

11 Broomknoll Street

Airdrie

ML6 6BN

REGISTERED NUMBER:

SC363027 (Scotland)

ACCOUNTANTS:

Farries Kirk & McVean

Dumfries Enterprise Park

Heathhall

Dumfries

DUMFRIESSHIRE

DG1 3SJ

FIXED ASSETS

Tangible assets

4

972,845

118,526

CURRENT ASSETS

Debtors

5

37,787

202,896

Cash at bank

-

124,257

37,787

327,153

CREDITORS

Amounts falling due within one year

6

603,326

59,465

NET CURRENT (LIABILITIES)/ASSETS

(565,539

)

267,688

TOTAL ASSETS LESS CURRENT LIABILITIES

407,306

386,214

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

407,305

386,213

407,306

386,214

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 15th April 2026 and were signed by:

M J Wallace - Director

1.	STATUTORY INFORMATION

Universal Energy (Scotland) 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.

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.

Amounts written off each asset over the estimated useful life represent cost less residual value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st April 2024

188,261

82,184

270,445

Additions

900,000

8,057

908,057

Disposals

-

(32,500

)

(32,500

)

At 31st March 2025

1,088,261

57,741

1,146,002

DEPRECIATION

At 1st April 2024

119,662

32,257

151,919

Charge for year

23,534

6,030

29,564

Eliminated on disposal

-

(8,326

)

(8,326

)

At 31st March 2025

143,196

29,961

173,157

NET BOOK VALUE

At 31st March 2025

945,065

27,780

972,845

At 31st March 2024

68,599

49,927

118,526

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

37,787

202,896

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

19,130

-

Taxation and social security

68,344

58,415

Other creditors

515,852

1,050

603,326

59,465

7.	RELATED PARTY DISCLOSURES

At 31st March 2025, the company owed the directors the sum of £513,302 by way of an interest free directors current account.