Registration number: SC415208

Jepuson UK Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7

Jepuson UK Ltd

Company Information

Director

P Ferguson

Registered office

11a Bankhead Crossway N Edinburgh EH11 4DT

Accountants

M&S Accountancy and Taxation Limited Unit 26, Dunfermline Business Centre Izatt Avenue Dunfermline Fife KY11 3BZ

Jepuson UK Ltd

(Registration number: SC415208)
Balance Sheet as at 31 May 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	1,621,469	52,264
Current assets
Stocks	5	1,271,445	364,560
Debtors	6	1,551,958	1,749,658
Cash at bank and in hand		191,737	165,440
		3,015,140	2,279,658
Creditors: Amounts falling due within one year	7	(1,971,174)	(1,340,169)
Net current assets		1,043,966	939,489
Net assets		2,665,435	991,753
Capital and reserves
Called up share capital	8	5,000	5,000
Retained earnings		2,660,435	986,753
Shareholders' funds		2,665,435	991,753

For the financial period ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 27 May 2026
 

......................................... P Ferguson Director

Jepuson UK Ltd

Notes to the Unaudited Financial Statements for the Period from 1 February 2024 to 31 May 2025

1	General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
11a Bankhead Crossway N
Edinburgh
EH11 4DT

These financial statements were authorised for issue by the director on 27 May 2026.

2	Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Disclosure of long or short period

The current financial period covers 16 months, whereas the prior period covered 12 months. Accordingly, the comparative figures are not directly comparable due to the difference in reporting period length.

Revenue recognition

Turnover comprises the invoiced value of goods and services supplied by the company, net of VAT and trade discounts. Turnover is recognised on the accruals basis.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Jepuson UK Ltd

Notes to the Unaudited Financial Statements for the Period from 1 February 2024 to 31 May 2025

Tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

Tangible assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment.

Depreciation

Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Asset class	Depreciation method and rate
Fixtures and Fittings	25% Straight Line
Computer Equipment	33% Straight Line
Motor Vehicles	25% Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

Jepuson UK Ltd

Notes to the Unaudited Financial Statements for the Period from 1 February 2024 to 31 May 2025

Financial instruments

Classification
The company has elected to apply the provisions of Section 11 Basic Financial Instruments and Section 12 Other Financial Instruments Issues of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3	Staff numbers

The average number of persons employed by the company (including the director) during the period, was 10 (2024 - 6).

4	Tangible assets

	Land and buildings £	Fixtures and fittings £	Computer equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 February 2024	-	8,749	16,671	67,200	92,620
Additions	1,577,893	12,713	3,213	23,000	1,616,819
Disposals	-	-	-	(32,500)	(32,500)
At 31 May 2025	1,577,893	21,462	19,884	57,700	1,676,939
Depreciation
At 1 February 2024	-	8,314	10,934	20,999	40,247
Charge for the period	-	829	5,152	17,367	23,348
Eliminated on disposal	-	-	-	(8,125)	(8,125)
At 31 May 2025	-	9,143	16,086	30,241	55,470
Carrying amount
At 31 May 2025	1,577,893	12,319	3,798	27,459	1,621,469
At 31 January 2024	-	435	5,628	46,201	52,264

Included within the net book value of land and buildings above is £1,577,893 (2024 - £Nil) in respect of freehold land and buildings.
 

Jepuson UK Ltd

Notes to the Unaudited Financial Statements for the Period from 1 February 2024 to 31 May 2025

5

Stocks

	2025 £	2024 £
Finished goods and goods for resale	1,271,445	364,560

6

Debtors

Current	2025 £	2024 £
Trade debtors	1,278,958	2,522
Other debtors	273,000	1,747,136
	1,551,958	1,749,658

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Trade creditors	361,690	630,844
Taxation and social security	764,775	318,873
Accruals and deferred income	7,000	9,452
Other creditors	837,709	381,000
	1,971,174	1,340,169

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	-	-	5,000	5,000
A Ordinary of £1 each	1,000	1,000	-	-
B Ordinary of £1 each	1,000	1,000	-	-
C Ordinary of £1 each	2,000	2,000	-	-
D Ordinary of £1 each	1,000	1,000	-	-
	5,000	5,000	5,000	5,000

Allotted, called up and not fully paid shares

Jepuson UK Ltd

Notes to the Unaudited Financial Statements for the Period from 1 February 2024 to 31 May 2025

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	5,000	5,000	5,000	5,000

9	Related party transactions

Summary of transactions with key management

The amount due to Pei Ferguson was £302,213 at May 31 2025 (2024: £1,316,827 due from). Interest charged for the year on the loan debit balance was £15,074 (2024: £8,993) at a rate of 2.25%. Total advances for the period were £27,750 and total repayments were £1,687,863. The loan is unsecured and repayable on demand.