REGISTERED NUMBER: SC427198 (Scotland)

UCAN ENTERPRISES LTD

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Buckman

J B Fairbairn

D Campbell

REGISTERED OFFICE:

5 Willock Street

Kilmarnock

Ayrshire

KA1 4HE

REGISTERED NUMBER:

SC427198 (Scotland)

ACCOUNTANTS:

Rogerson & Goldie

Chartered Accountants

29 Portland Road

Kilmarnock

Ayrshire

KA1 2BY

FIXED ASSETS

Tangible assets

4

58,038

59,714

CURRENT ASSETS

Debtors

5

57,834

32,633

Cash at bank and in hand

2,728

20,231

60,562

52,864

CREDITORS

Amounts falling due within one year

6

117,374

111,491

NET CURRENT LIABILITIES

(56,812

)

(58,627

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,226

1,087

CAPITAL AND RESERVES

Called up share capital

300

300

Retained earnings

926

787

SHAREHOLDERS' FUNDS

1,226

1,087

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 24th June 2026 and were signed on its behalf by:

D Campbell - Director

1.	STATUTORY INFORMATION

UCAN Enterprises 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 represents management and cost recharges net of applicable VAT.

Tangible fixed assets

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

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 53 (2024 - 53 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st July 2024

104,503

Additions

16,000

At 30th June 2025

120,503

DEPRECIATION

At 1st July 2024

44,789

Charge for year

17,676

At 30th June 2025

62,465

NET BOOK VALUE

At 30th June 2025

58,038

At 30th June 2024

59,714

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by associates

26,137

-

Other debtors

31,697

32,633

57,834

32,633

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed to associates

-

31,036

Taxation and social security

107,274

74,744

Other creditors

10,100

5,711

117,374

111,491

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date there was an amount of £28,974 due to the company by the directors. This balance was fully repaid after the year-end date. No interest was charged during the year.

8.	RELATED PARTY DISCLOSURES

At the balance sheet date there was an amount of £26,137 (2024: £31,036 creditor) due from Ucan Learn.Work.Live Ltd, a company controlled by the directors.

During the year management charges of £1,205,763 were raised to Ucan Learn.Work.Live Ltd. This is a social enterprise company which is controlled by the directors.

During the year, there were lease transactions involving Ucan Learn.Work.Live Ltd. In addition, there is a sublease between the company and this entity. The related accounting in respect of these leases is currently being reviewed by the directors.