REGISTERED NUMBER: 01068776 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

ULVERSCROFT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M L Petty

D Edmonds

F M Richardson

REGISTERED OFFICE:

The Green

Bradgate Road

Anstey

Leicester

Leicestershire

LE7 7FU

REGISTERED NUMBER:

01068776 (England and Wales)

AUDITORS:

HB&O Ltd

Chartered Accountants and Statutory Auditors

Seven Stars House

1 Wheler Road

Coventry

CV3 4LB

BANKERS:

Barclays Bank PLC

1-3 Haymarket Tower

Leicester

LE1 1WA

FIXED ASSETS

Intangible assets

4

51,088

55,885

Tangible assets

5

54,953

73,685

106,041

129,570

CURRENT ASSETS

Stocks

508,931

742,893

Debtors

6

1,340,180

1,553,054

Cash at bank and in hand

730,993

635,284

2,580,104

2,931,231

CREDITORS

Amounts falling due within one year

7

5,697,849

5,270,878

NET CURRENT LIABILITIES

(3,117,745

)

(2,339,647

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(3,011,704

)

(2,210,077

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(3,011,804

)

(2,210,177

)

(3,011,704

)

(2,210,077

)

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 30 June 2026 and were signed on its behalf by:

M L Petty - Director

1.	STATUTORY INFORMATION

Ulverscroft 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.

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.

The accounts have been prepared in accordance with applicable accounting standards. The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year.

Turnover

Turnover is recognised when significant risks and rewards have been transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Intangible assets

Software development is initially recognised at cost. After recognition, under the cost model, software development is measured at cost less any accumulated amortisation and any accumulated impairment losses.

Software development is considered to have a finite useful life of 4 years. As such, software development is written off on a straight line basis over 4 years.

Tangible fixed assets

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

Leasehold land and buildings

-

over the lease term

Plant and machinery

-

Straight line over 4 years

Fixtures and fittings

-

Straight line over 4 years and Straight line over 5 years

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Work in progress and finished goods include advanced royalties, labour and attributable overheads. At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the profit and loss account.

Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Foreign currencies

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 house rate of exchange at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Going concern

Having carried out a review of the company's resources and the challenges presented by the current economic climate the directors are satisfied that the company has sufficient cashflows to meet its liabilities as they fall due for at least one year from the approval of the financial statements. As such, these financial statement have been prepared on the going concern basis.

Provisions

Provisions are made where an event has taken place that gives the entity a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense in the year that the entity becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are made, they are charged to the provision carried in the balance sheet.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 70 (2024 - 72 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 November 2024

461,561

Additions

19,640

At 31 October 2025

481,201

AMORTISATION

At 1 November 2024

405,676

Charge for year

24,437

At 31 October 2025

430,113

NET BOOK VALUE

At 31 October 2025

51,088

At 31 October 2024

55,885

Intangible assets represent software development costs.

5.	TANGIBLE FIXED ASSETS

Leasehold

Fixtures

land and

Plant and

and

buildings

machinery

fittings

Totals

£

£

£

£

COST

At 1 November 2024

41,281

22,915

514,467

578,663

Additions

-

-

11,156

11,156

At 31 October 2025

41,281

22,915

525,623

589,819

DEPRECIATION

At 1 November 2024

23,531

17,026

464,421

504,978

Charge for year

4,345

2,829

22,714

29,888

At 31 October 2025

27,876

19,855

487,135

534,866

NET BOOK VALUE

At 31 October 2025

13,405

3,060

38,488

54,953

At 31 October 2024

17,750

5,889

50,046

73,685

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

945,063

1,130,809

Other debtors

395,117

422,245

1,340,180

1,553,054

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

1,765,084

1,201,060

Amounts owed to group undertakings

3,459,290

3,473,246

Taxation and social security

45,800

58,215

Other creditors

427,675

538,357

5,697,849

5,270,878

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

54,087

58,701

Between one and five years

4,125

58,212

58,212

116,913

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Gregg Olner MPhil BA (Hons) FCA (Senior Statutory Auditor)

for and on behalf of HB&O Ltd

10.	PENSION COMMITMENTS

During the year the company made pension contributions to a defined contribution scheme amounting to £49,941 (2024: £48,812). At the year end there were outstanding employer contributions of £4,279 (2024: £4,290).

11.	CONTINGENT LIABILITIES

The company is party to a composite accounting system with its bankers whereby there is a full set-off between group companies of all bank balances, under which all companies within the group guarantee the borrowing of other group companies.

12.	RELATED PARTY DISCLOSURES

The directors of the company are considered as key management personnel.

The company has taken advantage of the exemptions available in accordance with Financial Reporting Standard 102 not to disclose transactions entered into with other group companies.

13.	ULTIMATE CONTROLLING PARTY

The immediate and ultimate parent undertaking is Ulverscroft Group Limited, a company incorporated in England. The registered office of Ulverscroft Group Limited is The Green, Bradgate Road, Anstey, Leicester, LE7 7FU. The smallest group in which these accounts are included for which consolidated financial statements are prepared are those for Ulverscroft Group Limited. These are publicly available from the Registrar of Companies, Companies House, Crown Way, Maindy, Cardiff.

The ultimate controlling body is The Ulverscroft Foundation, a registered charity. The largest group in which these accounts are included for which consolidated financial statements are prepared are those for The Ulverscroft Foundation. These are publicly available from the Charity Commission, PO Box 1227, Liverpool, L69 3UG.