REGISTERED NUMBER: SC736488 (Scotland)

Unaudited Financial Statements

for the Year Ended 30 September 2025

for

Utkantha Sharma Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Ms U Sharma

REGISTERED OFFICE:

930 Maryhill Rd

Glasgow

G20 7TA

REGISTERED NUMBER:

SC736488 (Scotland)

ACCOUNTANTS:

Dental Accountants Scotland Ltd

Specialist Dental Accountants & Advisors

Cornerstone House

Station Road

Selkirk

Borders

TD7 5DJ

FIXED ASSETS

Intangible assets

4

238,000

252,000

Tangible assets

5

78,468

123,425

316,468

375,425

CURRENT ASSETS

Stocks

6,300

6,000

Debtors

6

29,769

41,951

Cash in hand

229

119

36,298

48,070

CREDITORS

Amounts falling due within one year

7

191,477

169,172

NET CURRENT LIABILITIES

(155,179

)

(121,102

)

TOTAL ASSETS LESS CURRENT LIABILITIES

161,289

254,323

CREDITORS

Amounts falling due after more than one year

8

359,157

398,334

NET LIABILITIES

(197,868

)

(144,011

)

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

(197,968

)

(144,111

)

SHAREHOLDERS' FUNDS

(197,868

)

(144,011

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 28 April 2026 and were signed by:

Ms U Sharma - Director

1.	STATUTORY INFORMATION

Utkantha Sharma 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

25% on reducing balance

Plant and machinery

-

25% on cost

Office equipment

-

25% 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2024

and 30 September 2025

280,000

AMORTISATION

At 1 October 2024

28,000

Amortisation for year

14,000

At 30 September 2025

42,000

NET BOOK VALUE

At 30 September 2025

238,000

At 30 September 2024

252,000

5.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Office

property

machinery

equipment

Totals

£

£

£

£

COST

At 1 October 2024

50,067

165,164

180

215,411

Additions

-

340

4,220

4,560

At 30 September 2025

50,067

165,504

4,400

219,971

DEPRECIATION

At 1 October 2024

21,904

70,037

45

91,986

Charge for year

7,041

41,376

1,100

49,517

At 30 September 2025

28,945

111,413

1,145

141,503

NET BOOK VALUE

At 30 September 2025

21,122

54,091

3,255

78,468

At 30 September 2024

28,163

95,127

135

123,425

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1 October 2024

and 30 September 2025

76,168

DEPRECIATION

At 1 October 2024

33,871

Charge for year

19,042

At 30 September 2025

52,913

NET BOOK VALUE

At 30 September 2025

23,255

At 30 September 2024

42,297

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Trade debtors

29,769

41,951

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Bank loans and overdrafts (see note 9)

131,513

105,383

Hire purchase contracts

16,088

25,688

Social security and other taxes

5,821

1,303

Pension payable

493

446

Other creditors

27,383

9,062

Directors' current accounts

7,451

24,732

Accrued expenses

2,728

2,558

191,477

169,172

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.25

30.9.24

£

£

Bank loans (see note 9)

309,487

335,642

Hire purchase contracts

49,670

62,692

359,157

398,334

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

124,279

133,254

9.

LOANS

An analysis of the maturity of loans is given below:

30.9.25

30.9.24

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

1,725

25

Bank loans

129,788

105,358

131,513

105,383

Amounts falling due between one and two years:

Bank loans - 1-2 years

54,366

55,500

Amounts falling due between two and five years:

Bank loans - 2-5 years

130,842

146,888

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

124,279

133,254

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.25

30.9.24

value:

£

£

100

Ordinary

o1

100

100

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2025 and 30 September 2024:

30.9.25

30.9.24

£

£

Ms U Sharma and Ms U Sharma

Balance outstanding at start of year

(24,732

)

(31,283

)

Amounts advanced

36,344

41,450

Amounts repaid

(19,063

)

(34,899

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(7,451

)

(24,732

)

There are no specific repayment terms and no interest has been charged.