REGISTERED NUMBER: 05214975 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 August 2025

for

Uk Bags Elite Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

P R Cook

SECRETARY:

Mrs N Cook

REGISTERED OFFICE:

Stanley House

49 Dartford Road

Sevenoaks

Kent

TN13 3TE

REGISTERED NUMBER:

05214975 (England and Wales)

ACCOUNTANTS:

ah partnership

Chartered Accountants

Stanley House

49 Dartford Road

Sevenoaks

Kent

TN13 3TE

FIXED ASSETS

Tangible assets

4

5,388

4,737

CURRENT ASSETS

Debtors

5

73,209

69,411

Cash at bank and in hand

751

750

73,960

70,161

CREDITORS

Amounts falling due within one year

6

74,318

44,844

NET CURRENT (LIABILITIES)/ASSETS

(358

)

25,317

TOTAL ASSETS LESS CURRENT LIABILITIES

5,030

30,054

CREDITORS

Amounts falling due after more than one year

7

(27,788

)

(33,159

)

PROVISIONS FOR LIABILITIES

(1,024

)

(900

)

NET LIABILITIES

(23,782

)

(4,005

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(23,882

)

(4,105

)

(23,782

)

(4,005

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 26 May 2026 and were signed by:

P R Cook - Director

1.	STATUTORY INFORMATION

Uk Bags Elite Limited is a private company, limited by shares , registered in England and Wales. 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.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A

These financial statements for the year ended 31 August 2025 are the first that are prepared in accordance with FRS 102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the date of transition to FRS 102 Section 1A is 1 September 2023.

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

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2024

18,209

Additions

2,446

At 31 August 2025

20,655

DEPRECIATION

At 1 September 2024

13,472

Charge for year

1,795

At 31 August 2025

15,267

NET BOOK VALUE

At 31 August 2025

5,388

At 31 August 2024

4,737

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

13,253

1,315

Other debtors

59,956

68,096

73,209

69,411

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

12,598

19,408

Trade creditors

12,213

3,371

Taxation and social security

9,464

3,673

Other creditors

40,043

18,392

74,318

44,844

Other creditors includes a loan of £9,234 from DeVita Beauty & Aesthetics Ltd which is owned by the wife of the director.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

27,788

33,159

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2025 and 31 August 2024:

2025

2024

£

£

P R Cook

Balance outstanding at start of year

(7,587

)

(14,921

)

Amounts advanced

(18,427

)

-

Amounts repaid

-

7,334

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(26,014

)

(7,587

)

9.	ULTIMATE CONTROLLING PARTY

The controlling party is P R Cook.

The ultimate controlling party is P R Cook.