REGISTERED NUMBER: SC427199 (Scotland)

UCAN LEARN.WORK.LIVE 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:

SC427199 (Scotland)

ACCOUNTANTS:

Rogerson & Goldie

Chartered Accountants

29 Portland Road

Kilmarnock

Ayrshire

KA1 2BY

FIXED ASSETS

Tangible assets

4

37,078

41,446

CURRENT ASSETS

Debtors

5

29,769

74,053

Cash at bank

172,925

213,029

202,694

287,082

CREDITORS

Amounts falling due within one year

6

37,354

16,549

NET CURRENT ASSETS

165,340

270,533

TOTAL ASSETS LESS CURRENT LIABILITIES

202,418

311,979

CREDITORS

Amounts falling due after more than one year

7

(26,250

)

(31,250

)

ACCRUALS AND DEFERRED INCOME

(47,237

)

(47,237

)

NET ASSETS

128,931

233,492

RESERVES

Income and expenditure account

128,931

233,492

128,931

233,492

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 surplus or deficit 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 Learn.Work.Live Ltd is a private company, limited by guarantee , 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 sales of training and related services net of VAT.

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 cost, 20% on cost and 15% on reducing balance

Grants

Revenue grants are recognised as income in the accounting period in which they are rewarded and where the related conditions are substantially met. Capital grants are deferred and released as income over the estimated useful life of the related capital expenditure.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st July 2024

149,485

Additions

5,070

At 30th June 2025

154,555

DEPRECIATION

At 1st July 2024

108,039

Charge for year

9,438

At 30th June 2025

117,477

NET BOOK VALUE

At 30th June 2025

37,078

At 30th June 2024

41,446

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

23,752

37,000

Amounts owed by associates

-

31,036

Other debtors

6,017

6,017

29,769

74,053

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

5,000

5,000

Amounts owed to associates

26,137

-

Taxation and social security

2,899

9,617

Other creditors

3,318

1,932

37,354

16,549

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

26,250

31,250

8.	LEASE COMMITMENTS

The company entered into a property lease on 1 March 2016 in respect of premises at Unit 2, 5 Willock Street, Kilmarnock.

9.	RELATED PARTY DISCLOSURES

At the balance sheet date there was an amount of £26,137 due to Ucan Enterprises Ltd, a company controlled by the directors.

Management charges of £1,205,763 were charged from UCAN Enterprises Ltd during the year.

During the year, there were lease transactions involving UCAN Enterprises Ltd. In addition, there is a sublease between this entity and the company. The related accounting in respect of this lease is currently being reviewed by the directors and it currently included within the management charges figure. The lease costs in the year represent a lease commitment between the company and the landlord directly.