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Company Registration No. SC542589 (Scotland)
VUABL Ltd Unaudited accounts for the year ended 31 August 2025
VUABL Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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VUABL Ltd Company Information for the year ended 31 August 2025
Directors
Akash Chopra Blair Stirling
Company Number
SC542589 (Scotland)
Registered Office
The Beyond Skypark 8 Elliot Street Glasgow G3 8EP Scotland
Accountants
Prime Fiscal LLP 107 St Andrews Drive Glasgow G41 4RA
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VUABL Ltd Statement of financial position as at 31 August 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
74,352
54,282
Tangible assets
5
4,055
6,111
78,407
60,393
Current assets
Debtors
6
34,396
60,022
Cash at bank and in hand
13,818
-
48,214
60,022
Creditors: amounts falling due within one year
7
(81,861)
(46,136)
Net current (liabilities)/assets
(33,647)
13,886
Total assets less current liabilities
44,760
74,279
Creditors: amounts falling due after more than one year
8
-
(972)
Net assets
44,760
73,307
Capital and reserves
Called up share capital
131
118
Share premium
315,916
158,138
Profit and loss account
(271,287)
(84,949)
Shareholders' funds
44,760
73,307
For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 July 2026 and were signed on its behalf by
Blair Stirling Director Company Registration No. SC542589
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VUABL Ltd Notes to the Accounts for the year ended 31 August 2025
1
Statutory information
VUABL Ltd is a private company, limited by shares, registered in Scotland, registration number SC542589. The registered office is The Beyond, Skypark, 8 Elliot Street, Glasgow, G3 8EP, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 August 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 September 2023. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% Reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
£
Cost
At 1 September 2024
98,123
Additions
28,370
At 31 August 2025
126,493
Amortisation
At 1 September 2024
43,841
Charge for the year
8,300
At 31 August 2025
52,141
Net book value
At 31 August 2025
74,352
At 31 August 2024
54,282
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VUABL Ltd Notes to the Accounts for the year ended 31 August 2025
5
Tangible fixed assets
Computer equipment
£
Cost or valuation
At cost
At 1 September 2024
26,362
Additions
1,277
Disposals
(12,085)
At 31 August 2025
15,554
Depreciation
At 1 September 2024
20,251
Charge for the year
1,255
On disposals
(10,007)
At 31 August 2025
11,499
Net book value
At 31 August 2025
4,055
At 31 August 2024
6,111
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
34,163
57,622
Accrued income and prepayments
233
2,400
34,396
60,022
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
1,039
8,915
VAT
4,324
6,075
Trade creditors
12,498
11,927
Taxes and social security
2,077
2,666
Other creditors
43,950
10,556
Loans from directors
3,775
5,997
Accruals
1,485
-
Deferred income
12,713
-
81,861
46,136
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
-
972
9
Average number of employees
During the year the average number of employees was 3 (2024: 3).
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