AUK Supplies Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 10

AUK Supplies Limited

Balance Sheet

31 December 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	385,299	448,635
Tangible assets	5	1,313,928	1,304,433
		1,699,227	1,753,068
Current assets
Stocks		1,383,828	1,347,427
Debtors	6	1,384,060	1,157,336
Cash at bank and in hand		625,114	522,304
		3,393,002	3,027,067
Creditors: Amounts falling due within one year	7	(1,265,056)	(1,461,412)
Net current assets		2,127,946	1,565,655
Total assets less current liabilities		3,827,173	3,318,723
Creditors: Amounts falling due after more than one year	7	(575,737)	(553,798)
Provisions for liabilities		(240,510)	(231,864)
Net assets		3,010,926	2,533,061
Capital and reserves
Called up share capital	11	102	102
Profit and loss account		3,010,824	2,532,959
Shareholders' funds		3,010,926	2,533,061

AUK Supplies Limited

Balance Sheet

31 December 2025

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

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their 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 special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 2 July 2026 and signed on its behalf by:
 

......................................... Mr M S Besley Director

Company Registration Number: 05111595

AUK Supplies Limited

Notes to the Unaudited Financial Statements

Year Ended 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7 Cavalier Road
Heathfield
Newton Abbot
Devon
TQ12 6TQ

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance
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 Section 1A, and the Companies Act 2006.

There are no material departures from FRS 102.

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.

The functional and presentational currency is pounds sterling.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	10 years straight line

Tangible assets

All fixed assets are initially recorded at cost. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Foreign currency

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

AUK Supplies Limited

Notes to the Unaudited Financial Statements

Year Ended 31 December 2025

Leases

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and interest is charged to the profit and loss account on a straight line basis.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior period.

Contributions to defined contribution plans are recognised as an employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

AUK Supplies Limited

Notes to the Unaudited Financial Statements

Year Ended 31 December 2025

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Hire purchase and finance lease contracts; and
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

 

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition, and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Stocks

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Leasehold land and buildings	over 10 year lease term
Plant and machinery	15% reducing balance
Fixtures and fittings	15% reducing balance/25% straight line
Motor vehicles	25% reducing balance

AUK Supplies Limited

Notes to the Unaudited Financial Statements

Year Ended 31 December 2025

Tax

Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income.

Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 49 (2024 - 50).

4	Intangible assets

	Goodwill  £
Cost or valuation
At 1 January 2025	1,819,365
At 31 December 2025	1,819,365
Amortisation
At 1 January 2025	1,370,730
Amortisation charge	63,336
At 31 December 2025	1,434,066
Carrying amount
At 31 December 2025	385,299
At 31 December 2024	448,635

AUK Supplies Limited

Notes to the Unaudited Financial Statements

Year Ended 31 December 2025

6

Debtors

	2025  £	2024  £
Trade debtors	1,286,735	995,501
Other debtors	-	28,926
Prepayments	97,325	132,909
	1,384,060	1,157,336

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	153,754	215,902
Trade creditors		574,370	773,252
Amounts owed to group undertakings		105,534	195,662
Taxation and social security		410,334	247,883
Accruals and deferred income		7,507	9,406
Other creditors		13,557	19,307
		1,265,056	1,461,412

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	575,737	553,798

AUK Supplies Limited

Notes to the Unaudited Financial Statements

Year Ended 31 December 2025

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Hire purchase contracts	111,085	89,146
Redeemable preference shares	464,652	464,652
	575,737	553,798

Current loans and borrowings

	2025 £	2024 £
Hire purchase contracts	153,754	215,902