REGISTERED NUMBER: SC411499 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

DEREK UPTON LTD.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

D Upton

REGISTERED OFFICE:

9 Braesburn Court

Whitelees

Cumbernauld

Glasgow

G67 3PU

REGISTERED NUMBER:

SC411499 (Scotland)

ACCOUNTANT:

John Murphy & Company (Scotland) Limited

Chartered Accountants

Castle Chambers

67 Main Street

Bothwell

Lanarkshire

G71 8ER

FIXED ASSETS

Tangible assets

4

17,299

23,364

CURRENT ASSETS

Stocks

5

3,600

3,600

Debtors

6

11,899

21,457

Cash at bank

115,285

108,753

130,784

133,810

CREDITORS

Amounts falling due within one year

7

17,879

17,056

NET CURRENT ASSETS

112,905

116,754

TOTAL ASSETS LESS CURRENT LIABILITIES

130,204

140,118

PROVISIONS FOR LIABILITIES

8

3,287

4,439

NET ASSETS

126,917

135,679

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

126,915

135,677

SHAREHOLDERS' FUNDS

126,917

135,679

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 10 July 2026 and were signed by:

D Upton - Director

1.	STATUTORY INFORMATION

Derek Upton 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

-

15% on cost

Fixtures and fittings

-

20% on cost and 10% on cost

Motor vehicles

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 January 2025

4,080

4,304

27,830

36,214

Additions

-

232

-

232

At 31 December 2025

4,080

4,536

27,830

36,446

DEPRECIATION

At 1 January 2025

3,491

3,329

6,030

12,850

Charge for year

243

488

5,566

6,297

At 31 December 2025

3,734

3,817

11,596

19,147

NET BOOK VALUE

At 31 December 2025

346

719

16,234

17,299

At 31 December 2024

589

975

21,800

23,364

5.

STOCKS

31.12.25

31.12.24

£

£

Stock

3,600

3,600

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

10,943

21,150

Prepayments

956

307

11,899

21,457

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

830

(60

)

Corporation tax

6,841

9,873

Payroll taxation

1,399

648

VAT

2,600

978

Wages control

2,019

2,092

Directors' current accounts

2,430

1,829

Accrued charges

1,760

1,696

17,879

17,056

8.	PROVISIONS FOR LIABILITIES

31.12.25

31.12.24

£

£

Deferred tax

3,287

4,439

Deferred

tax

£

Balance at 1 January 2025

4,439

Provided during year

(1,152

)

Balance at 31 December 2025

3,287

9.	ULTIMATE CONTROLLING PARTY

The controlling party is D Upton.