Registration number:
UCR Consultants Limited
for the Year Ended 31 July 2025
UCR Consultants Limited
Contents
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Company Information |
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Strategic Report |
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Director's Report |
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Statement of Director's Responsibilities |
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Independent Auditor's Report |
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Consolidated Profit and Loss Account and Statement of Retained Earnings |
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Consolidated Balance Sheet |
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Balance Sheet |
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Consolidated Statement of Cash Flows |
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Statement of Cash Flows |
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Notes to the Financial Statements |
UCR Consultants Limited
Company Information
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Director |
D. C. Brookes |
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Company secretary |
S. Brookes |
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Registered office |
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Auditors |
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UCR Consultants Limited
Strategic Report for the Year Ended 31 July 2025
The director presents his strategic report for the year ended 31 July 2025.
Principal activity
The principal activity of the group is the provision of utility switching services and teak forestry.
Fair review of the business
The group continues to invest and promote it's services, increasing turnover from £13,298,701 to £15,432,681, whilst increasing margin from 22.27% to 23.8%, resulting in a profit before tax of £2,599,980, an increase from £1,594,890. After tax and dividends paid, net assets have increased from £6,790,576 to £8,020,099.
The group's key financial and other performance indicators during the year were as follows:
|
Financial KPIs |
Unit |
2025 |
2024 |
|
Turnover |
'000 |
15,433 |
13,299 |
|
Gross profit |
'000 |
3,673 |
2,962 |
|
Gross margin |
% |
24 |
22 |
|
Profit before tax |
'000 |
2,600 |
1,595 |
|
Net Assets |
'000 |
8,020 |
6,791 |
Principal risks and uncertainties
The management of the business and nature of the group's strategies are subject to a number of risks.
The director has set out below the principal risks facing the business. The director is of the opinion that a thorough risk management process is adopted which involves the formal review of all risks identified below. Where possible, processes are in place to monitor and mitigate such risks.
A key risk facing the business is economic downturn due to market uncertainties; the impact of this has consequences on economic and commercial decision making.
Due to the market that the business operates in, being the utility sector, this can be a volatile industry due to government regulations in part and other external factors, including economic implications from global event shocks leading to the inflation of utility costs.
The issuing of loans to business' being unsecured puts the group at risk from a cashflow perspective if these companies fell into liquidation.
The director mitigates these risks by constantly monitoring the market and assessing all business strategies.
UCR Consultants Limited
Strategic Report for the Year Ended 31 July 2025
Approved and authorised by the
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UCR Consultants Limited
Director's Report for the Year Ended 31 July 2025
The director presents his report and the for the year ended 31 July 2025.
Director of the group
The director who held office during the year was as follows:
Dividends
Dividends have been paid in the year amounting to £75,000 (2024 - £169,737).
Financial instruments
Objectives and policies
The group uses various financial instruments including bank balances, bank loans and connected party loans to assist with the financing of the business activities, as well as funding connected companies and external entities operations. This risk exposes the group to a number of financial risks.
The main risks arising from the financial instruments are liquidity and cash flow risk. The director review and agrees policies to manage these risks.
Price risk, credit risk, liquidity risk and cash flow risk
Liquidity and cash flow risk; the group seeks to manage risk by ensuring sufficient liquidity is available to meet forseeable needs and to invest cash assets safely and profitably.
The group seeks to manage the risk through the loans it issues by ensuring and testing the credit risk of the entities these are issued to.
Future developments
The group continues to seek development opportunities throughout the UK.
Disclosure of information to the auditor
The director has taken steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditor is aware of that information. The director confirms that there is no relevant information that he knows of and of which he knows the auditor is unaware.
Approved and authorised by the
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UCR Consultants Limited
Statement of Director's Responsibilities
The director acknowledges his responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the group and the company and of the profit or loss of the group for that period. In preparing these financial statements, the director is required to:
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• |
select suitable accounting policies and apply them consistently; |
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• |
make judgements and accounting estimates that are reasonable and prudent; |
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• |
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and |
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the group's and the company's transactions and disclose with reasonable accuracy at any time the financial position of the group and the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the group and the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
UCR Consultants Limited
Independent Auditor's Report to the Members of UCR Consultants Limited
Opinion
We have audited the financial statements of UCR Consultants Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 July 2025, which comprise the Consolidated Profit and Loss Account and Statement of Retained Earnings, Consolidated Balance Sheet, Balance Sheet, Consolidated Statement of Cash Flows, Statement of Cash Flows, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
• | give a true and fair view of the state of the group's and the parent company's affairs as at 31 July 2025 and of the group's profit for the year then ended; |
• | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and |
• | have been prepared in accordance with the requirements of the Companies Act 2006. |
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.
Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.
Other information
The director is responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
UCR Consultants Limited
Independent Auditor's Report to the Members of UCR Consultants Limited
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinion on other matter prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
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• |
the information given in the Strategic Report and Director's Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
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• |
the Strategic Report and Director's Report have been prepared in accordance with applicable legal requirements. |
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report and the Director's Report.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
• | adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or |
• | the parent company financial statements are not in agreement with the accounting records and returns; or |
• | certain disclosures of director's remuneration specified by law are not made; or |
• | we have not received all the information and explanations we require for our audit. |
Responsibilities of the director
As explained more fully in the Statement of Director's Responsibilities [set out on page 5], the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the company or to cease operations, or have no realistic alternative but to do so.
UCR Consultants Limited
Independent Auditor's Report to the Members of UCR Consultants Limited
Auditor Responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
We design our procedures so as to obtain sufficient appropriate audit evidence that the financial statements are not materially misstated due to non-compliance with laws and regulations or due to fraud or error.
We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations - this responsibility lies with management with the oversight of the Director.
Based on our understanding of the Group and industry, discussions with management and the director we identified financial reporting standards and Companies Act 2006 as having a direct effect on the amounts and disclosures in the financial statements.
As part of the engagement team discussion about how and where the Group's financial statements may be materially misstated due to fraud, we did not identify any areas with an increased risk of fraud.
Our audit procedures included:
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• |
completing a risk-assessment process during our planning for this audit that specifically considered the risk of fraud; |
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• |
enquiry of management about the Group's policies, procedures and related controls regarding compliance with laws and regulations and if there are any known instances of non-compliance; |
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• |
examining supporting documents for all material balances, transactions and disclosures; |
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• |
enquiry of management, about litigations and claims and inspection of relevant correspondence; |
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• |
analytical procedures to identify any unusual or unexpected relationships; |
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• |
specific audit testing on and review of areas that could be subject to management override of controls and potential bias, most notably around the key judgments and estimates, including the carrying value of accruals, provisions, investments, recoverability of trade debtors and revenue recognition; |
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• |
considering management override of controls outside of the normal operating cycles including testing the appropriateness of journal entries recorded in the general ledger and other adjustments made in the preparation of the financial statements including evaluating the business rationale of significant transactions, outside the normal course of business; |
UCR Consultants Limited
Independent Auditor's Report to the Members of UCR Consultants Limited
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Owing to the inherent limitations of an audit, there is an unavoidable risk that some material misstatements of the financial statements may not be detected, even though the audit is properly planned and performed in accordance with the ISAs (UK). |
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|
The potential effects of inherent limitations are particularly significant in the case of misstatement resulting from fraud because fraud may involve sophisticated and carefully organised schemes designed to conceal it, including deliberate failure to record transactions, collusion or intentional misrepresentations being made to us.
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A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
Other matter
The corresponding figures in the financial statements are unaudited.
Use of our report
This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
...........................................................................
For and on behalf of
16 Cathedral Road
Cardiff
CF11 9LJ
UCR Consultants Limited
Consolidated Profit and Loss Account and Statement of Retained Earnings for the Year Ended 31 July 2025
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Note |
2025 |
2024 |
|
|
Turnover |
|
|
|
|
Cost of sales |
( |
( |
|
|
Gross profit |
|
|
|
|
Administrative expenses |
( |
( |
|
|
Other operating income |
|
|
|
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Operating profit |
|
|
|
|
Other interest receivable and similar income |
|
|
|
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Amounts written off investments |
|
( |
|
|
Interest payable and similar charges |
( |
( |
|
|
342,309 |
(13,028) |
||
|
Profit before tax |
|
|
|
|
Taxation |
( |
( |
|
|
Profit for the financial year |
|
|
|
|
Profit/(loss) attributable to: |
|||
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Owners of the company |
|
|
|
|
Retained earnings brought forward |
6,790,401 |
5,871,745 |
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|
Dividends paid |
( |
( |
|
|
Retained earnings carried forward |
8,019,924 |
6,790,401 |
UCR Consultants Limited
(Registration number: 06971697)
Consolidated Balance Sheet as at 31 July 2025
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Note |
2025 |
2024 |
|
|
Fixed assets |
|||
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Intangible assets |
|
|
|
|
Tangible assets |
|
|
|
|
Investment property |
|
|
|
|
Investments |
|
- |
|
|
Other financial assets |
45,213 |
37,885 |
|
|
|
|
||
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Current assets |
|||
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Debtors |
|
|
|
|
Cash at bank and in hand |
|
|
|
|
|
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||
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Creditors: Amounts falling due within one year |
( |
( |
|
|
Net current assets |
|
|
|
|
Total assets less current liabilities |
|
|
|
|
Creditors: Amounts falling due after more than one year |
( |
( |
|
|
Provisions for liabilities |
( |
( |
|
|
Net assets |
|
|
|
|
Capital and reserves |
|||
|
Called up share capital |
|
|
|
|
Retained earnings |
|
|
|
|
Equity attributable to owners of the company |
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|
|
|
Shareholders' funds |
|
|
Approved and authorised by the
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UCR Consultants Limited
(Registration number: 06971697)
Balance Sheet as at 31 July 2025
|
Note |
2025 |
2024 |
|
|
Fixed assets |
|||
|
Tangible assets |
|
|
|
|
Investment property |
|
|
|
|
Investments |
|
|
|
|
Other financial assets |
45,213 |
37,885 |
|
|
|
|
||
|
Current assets |
|||
|
Debtors |
|
|
|
|
Cash at bank and in hand |
|
|
|
|
|
|
||
|
Creditors: Amounts falling due within one year |
( |
( |
|
|
Net current assets |
|
|
|
|
Total assets less current liabilities |
|
|
|
|
Creditors: Amounts falling due after more than one year |
( |
( |
|
|
Provisions for liabilities |
( |
- |
|
|
Net assets |
|
|
|
|
Capital and reserves |
|||
|
Called up share capital |
|
|
|
|
Retained earnings |
|
|
|
|
Shareholders' funds |
|
|
The company made a profit after tax for the financial year of £1,305,687 (2024 - profit of £1,150,101).
Approved and authorised by the
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UCR Consultants Limited
Consolidated Statement of Cash Flows for the Year Ended 31 July 2025
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Note |
2025 |
2024 |
|
|
Cash flows from operating activities |
|||
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Profit for the year |
|
|
|
|
Adjustments to cash flows from non-cash items |
|||
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Depreciation and amortisation |
|
|
|
|
Financial instrument net (gains)/losses through profit and loss |
( |
|
|
|
Finance income receivable |
( |
( |
|
|
Finance costs payable |
|
|
|
|
Income tax expense |
|
|
|
|
Income tax - section 455 |
89,424 |
50,626 |
|
|
|
|
||
|
Working capital adjustments |
|||
|
Increase in trade debtors |
( |
( |
|
|
Increase in trade creditors |
|
|
|
|
Cash generated from operations |
( |
( |
|
|
Income taxes paid |
( |
( |
|
|
Net cash flow from operating activities |
( |
( |
|
|
Cash flows from investing activities |
|||
|
Interest received |
|
|
|
|
Acquisitions of tangible assets |
( |
( |
|
|
Acquisition of intangible assets |
- |
( |
|
|
Acquisition of investment properties |
( |
( |
|
|
Acquisition of investments in joint ventures and associates |
( |
- |
|
|
Net cash flows from investing activities |
|
( |
|
|
Cash flows from financing activities |
|||
|
Interest paid |
( |
( |
|
|
Proceeds from other borrowing draw downs |
|
- |
|
|
Repayment of other borrowing |
( |
( |
|
|
Payments to finance lease creditors |
( |
( |
|
|
Dividends paid |
( |
( |
|
|
Net cash flows from financing activities |
|
( |
|
|
Net decrease in cash and cash equivalents |
( |
( |
|
UCR Consultants Limited
Consolidated Statement of Cash Flows for the Year Ended 31 July 2025
|
Note |
2025 |
2024 |
|
|
Cash and cash equivalents at 1 August |
|
|
|
|
Cash and cash equivalents at 31 July |
2,020,327 |
3,137,007 |
UCR Consultants Limited
Statement of Cash Flows for the Year Ended 31 July 2025
|
Note |
2025 |
2024 |
|
|
Cash flows from operating activities |
|||
|
Profit for the year |
|
|
|
|
Adjustments to cash flows from non-cash items |
|||
|
Depreciation and amortisation |
|
|
|
|
Financial instrument net (gains)/losses through profit and loss |
( |
|
|
|
Finance income receivable |
( |
( |
|
|
Finance costs payable |
|
|
|
|
Income tax expense |
|
|
|
|
Income tax - section 455 |
89,424 |
50,626 |
|
|
|
|
||
|
Working capital adjustments |
|||
|
Increase in trade debtors |
( |
( |
|
|
Increase in trade creditors |
|
|
|
|
Cash generated from operations |
( |
( |
|
|
Income taxes paid |
- |
( |
|
|
Net cash flow from operating activities |
( |
( |
|
|
Cash flows from investing activities |
|||
|
Interest received |
|
|
|
|
Acquisition of subsidiaries |
- |
( |
|
|
Acquisitions of tangible assets |
( |
( |
|
|
Acquisition of investment properties |
( |
( |
|
|
Acquisition of investments in joint ventures and associates |
( |
- |
|
|
Net cash flows from investing activities |
|
( |
|
|
Cash flows from financing activities |
|||
|
Interest paid |
( |
( |
|
|
Proceeds from other borrowing draw downs |
|
- |
|
|
Repayment of other borrowing |
( |
( |
|
|
Payments to finance lease creditors |
( |
( |
|
|
Dividends paid |
( |
( |
|
|
Net cash flows from financing activities |
|
( |
|
|
Net decrease in cash and cash equivalents |
( |
( |
|
UCR Consultants Limited
Statement of Cash Flows for the Year Ended 31 July 2025
|
Note |
2025 |
2024 |
|
|
Cash and cash equivalents at 1 August |
|
|
|
|
Cash and cash equivalents at 31 July |
1,518,971 |
2,678,860 |
UCR Consultants Limited
Notes to the Financial Statements for the Year Ended 31 July 2025
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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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 were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.
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.
Basis of consolidation
The consolidated financial statements consolidate the financial statements of the company and its subsidiary undertakings drawn up to 31 July 2025.
UCR Consultants Limited
Notes to the Financial Statements for the Year Ended 31 July 2025
A subsidiary is an entity controlled by the company. Control is achieved where the company has the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities.
The results of subsidiaries acquired or disposed of during the year are included in the Profit and Loss Account from the effective date of acquisition or up to the effective date of disposal, as appropriate. Where necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies into line with those used by the group.
The purchase method of accounting is used to account for business combinations that result in the acquisition of subsidiaries by the group. The cost of a business combination is measured as the fair value of the assets given, equity instruments issued and liabilities incurred or assumed at the date of exchange, plus costs directly attributable to the business combination. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. Any excess of the cost of the business combination over the acquirer’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities recognised is recorded as goodwill.
Inter-company transactions, balances and unrealised gains on transactions between the company and its subsidiaries, which are related parties, are eliminated in full.
Intra-group losses are also eliminated but may indicate an impairment that requires recognition in the consolidated financial statements.
Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. Non-controlling interests in the net assets of consolidated subsidiaries are identified separately from the group’s equity therein. Non-controlling interests consist of the amount of those interests at the date of the original business combination and the non-controlling shareholder’s share of changes in equity since the date of the combination.
Revenue recognition
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 group’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.
The group recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the group's activities.
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in the profit and loss account, 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.
UCR Consultants Limited
Notes to the Financial Statements for the Year Ended 31 July 2025
The current income 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 group operates and generates taxable income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the consolidated financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
|
Asset class |
Depreciation method and rate |
|
Leasehold improvements |
20% straight line |
|
Fixtures and fittings |
25% straight line and 20% reducing balance |
|
Motor vehicles |
25% straight line |
Investment property
Business combinations
Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.
UCR Consultants Limited
Notes to the Financial Statements for the Year Ended 31 July 2025
Goodwill
Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the group’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.
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 |
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in the profit and loss account. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the group will not be able to collect all amounts due according to the original terms of the debtors.
UCR Consultants Limited
Notes to the Financial Statements for the Year Ended 31 July 2025
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the group does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the group has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.
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.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
UCR Consultants Limited
Notes to the Financial Statements for the Year Ended 31 July 2025
Dividends
Dividend distribution to the group’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the group 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 periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
|
Turnover |
The analysis of the group's turnover for the year from continuing operations is as follows:
|
2025 |
2024 |
|
|
Sale of goods |
|
|
|
Other operating income |
The analysis of the group's other operating income for the year is as follows:
|
2025 |
2024 |
|
|
Sub lease rental income |
|
|
|
Operating profit |
Arrived at after charging:
|
2025 |
2024 |
|
|
Depreciation |
|
|
|
Amortisation |
|
|
|
Operating lease expense |
|
|
UCR Consultants Limited
Notes to the Financial Statements for the Year Ended 31 July 2025
|
Other interest receivable and similar income |
|
2025 |
2024 |
|
|
Interest income on bank deposits |
|
|
|
Other finance income |
|
|
|
|
|
|
Interest payable and similar expenses |
|
2025 |
2024 |
|
|
Interest on obligations under finance leases and hire purchase contracts |
|
|
|
Interest expense on other finance liabilities |
|
|
|
|
|
|
Staff costs |
The aggregate payroll costs (including director's remuneration) were as follows:
|
2025 |
2024 |
|
|
Wages and salaries |
|
|
|
Other short-term employee benefits |
|
|
|
Pension costs, defined contribution scheme |
|
|
|
Other employee expense |
|
- |
|
|
|
The average number of persons employed by the group (including the director) during the year, analysed by category was as follows:
|
2025 |
2024 |
|
|
Administration and support |
|
|
|
Distribution |
|
|
|
|
|
UCR Consultants Limited
Notes to the Financial Statements for the Year Ended 31 July 2025
|
Director's remuneration |
The director's remuneration for the year was as follows:
|
2025 |
2024 |
|
|
Remuneration |
|
|
|
Contributions paid to money purchase schemes |
|
|
|
80,918 |
132,302 |
During the year the number of directors who were receiving benefits and share incentives was as follows:
|
2025 |
2024 |
|
|
Accruing benefits under money purchase pension scheme |
|
|
|
Auditors' remuneration |
|
2025 |
2024 |
|
|
Audit of these financial statements |
30,000 |
- |
|
Taxation |
Tax charged/(credited) in the consolidated profit and loss account:
|
2025 |
2024 |
|
|
Current taxation |
||
|
UK corporation tax |
|
|
|
UK corporation tax adjustment to prior periods |
|
( |
|
1,293,983 |
506,642 |
|
|
Deferred taxation |
||
|
Arising from origination and reversal of timing differences |
|
( |
|
Tax expense in the income statement |
|
|
UCR Consultants Limited
Notes to the Financial Statements for the Year Ended 31 July 2025
The tax on profit before tax for the year is higher than the standard rate of corporation tax in the UK (2024 - higher than the standard rate of corporation tax in the UK) of
The differences are reconciled below:
|
2025 |
2024 |
|
|
Profit before tax |
|
|
|
Corporation tax at standard rate |
|
|
|
Increase/(decrease) in UK and foreign current tax from adjustment for prior periods |
|
( |
|
Tax increase from effect of capital allowances and depreciation |
|
|
|
Deferred tax expense/(credit) from unrecognised temporary difference from a prior period |
|
( |
|
Tax increase from other tax effects |
|
|
|
Further item of tax increase |
|
|
|
Total tax charge |
|
|
Deferred tax
Group
Deferred tax assets and liabilities
|
2025 |
Asset |
Liability |
|
Accelerated capital allowances |
- |
|
|
- |
|
Company
Deferred tax assets and liabilities
|
2025 |
Asset |
Liability |
|
Accelerated capital allowances |
- |
|
|
- |
|
UCR Consultants Limited
Notes to the Financial Statements for the Year Ended 31 July 2025
|
Intangible assets |
Group
|
Goodwill |
Total |
|
|
Cost or valuation |
||
|
At 1 August 2024 |
|
|
|
At 31 July 2025 |
|
|
|
Amortisation |
||
|
At 1 August 2024 |
|
|
|
Amortisation charge |
|
|
|
At 31 July 2025 |
|
|
|
Carrying amount |
||
|
At 31 July 2025 |
|
|
|
At 31 July 2024 |
|
|
UCR Consultants Limited
Notes to the Financial Statements for the Year Ended 31 July 2025
|
Tangible assets |
Group
|
Leasehold improvements |
Fixtures and fittings |
Motor vehicles |
Total |
|
|
Cost or valuation |
||||
|
At 1 August 2024 |
|
|
|
|
|
Additions |
- |
|
- |
|
|
At 31 July 2025 |
|
|
|
|
|
Depreciation |
||||
|
At 1 August 2024 |
|
|
|
|
|
Charge for the year |
|
|
|
|
|
At 31 July 2025 |
|
|
|
|
|
Carrying amount |
||||
|
At 31 July 2025 |
|
|
|
|
|
At 31 July 2024 |
|
|
|
|
Company
|
Leasehold improvements |
Fixtures and fittings |
Motor vehicles |
Total |
|
|
Cost or valuation |
||||
|
At 1 August 2024 |
|
|
|
|
|
Additions |
- |
|
- |
|
|
At 31 July 2025 |
|
|
|
|
|
Depreciation |
||||
|
At 1 August 2024 |
|
|
|
|
|
Charge for the year |
|
|
|
|
|
At 31 July 2025 |
|
|
|
|
|
Carrying amount |
||||
|
At 31 July 2025 |
|
|
|
|
|
At 31 July 2024 |
|
|
|
|
UCR Consultants Limited
Notes to the Financial Statements for the Year Ended 31 July 2025
|
Investment properties |
Group
|
2025 |
|
|
At 1 August |
|
|
Additions |
|
|
At 31 July |
|
There has been no valuation of investment property during the year.
Company
|
2025 |
|
|
At 1 August |
|
|
Additions |
|
|
At 31 July |
|
There has been no valuation of investment property during the year.
|
Investments |
Group
Details of undertakings
Details of the investments (including principal place of business of unincorporated entities) in which the group holds 20% or more of the nominal value of any class of share capital are as follows:
|
Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
|
|
2025 |
2024 |
|||
|
Subsidiary undertakings |
||||
|
|
The Old Post Office, 41-43 Market Place, Chippenham, Wiltshire, SN15 3HR |
|
|
|
|
Associates |
||||
|
|
C/O Chesterton House Accounting Services LLP, 2-3 Rectory Place, Loughborough, Leicestershire, LE11 1UW |
Ordinary |
|
|
UCR Consultants Limited
Notes to the Financial Statements for the Year Ended 31 July 2025
* indicates direct investment of the company
Subsidiary undertaking acquired 10 March 2022.
Subsidiary undertakings
|
The Energy Manager Consulting Limited The principal activity of The Energy Manager Consulting Limited is |
Associate undertakings
|
UCR Leeds Limited
Its financial period end is 31 March. |
Company
|
2025 |
2024 |
|
|
Investments in subsidiaries |
|
|
|
Investments in associates |
|
- |
|
|
|
|
Subsidiaries |
£ |
|
Cost or valuation |
|
|
At 1 August 2024 |
|
|
At 31 July 2025 |
|
|
Provision |
|
|
Carrying amount |
|
|
At 31 July 2025 |
|
|
At 31 July 2024 |
|
|
Associates |
£ |
|
Cost |
|
|
Additions |
|
|
Provision |
|
|
Carrying amount |
|
|
At 31 July 2025 |
|
UCR Consultants Limited
Notes to the Financial Statements for the Year Ended 31 July 2025
|
Other financial assets |
Group and Company
|
Financial assets at fair value through profit and loss |
Total |
|
|
Non-current financial assets |
||
|
Cost or valuation |
||
|
At 1 August 2024 |
37,885 |
37,885 |
|
Revaluations |
7,328 |
7,328 |
|
At 31 July 2025 |
45,213 |
45,213 |
|
Impairment |
||
|
Carrying amount |
||
|
At 31 July 2025 |
|
45,213 |
|
At 31 July 2024 |
|
37,885 |
The financial asset is held at it's market value at the reporting date. The fair value adjustment is accounted for through the profit and loss account.
|
Debtors |
|
Group |
Company |
||||
|
Current |
Note |
2025 |
2024 |
2025 |
2024 |
|
Trade debtors |
|
|
|
|
|
|
Amounts owed by related parties |
|
|
|
|
|
|
Other debtors |
|
|
|
|
|
|
Prepayments |
|
|
|
|
|
|
Accrued income |
|
- |
|
- |
|
|
|
|
|
|
||
UCR Consultants Limited
Notes to the Financial Statements for the Year Ended 31 July 2025
|
Cash and cash equivalents |
|
Group |
Company |
|||
|
2025 |
2024 |
2025 |
2024 |
|
|
Cash at bank |
|
|
|
|
|
Creditors |
|
Group |
Company |
||||
|
Note |
2025 |
2024 |
2025 |
2024 |
|
|
Due within one year |
|||||
|
Loans and borrowings |
|
|
|
|
|
|
Trade creditors |
|
|
|
|
|
|
Amounts due to related parties |
- |
- |
|
|
|
|
Social security and other taxes |
|
|
|
|
|
|
Outstanding defined contribution pension costs |
|
|
|
|
|
|
Other payables |
|
|
|
|
|
|
Accruals |
|
|
|
|
|
|
Income tax liability |
1,969,338 |
535,785 |
1,879,807 |
466,812 |
|
|
|
|
|
|
||
|
Due after one year |
|||||
|
Loans and borrowings |
|
|
|
|
|
|
Provisions for liabilities |
Group
|
Deferred tax |
Total |
|
|
At 1 August 2024 |
|
|
|
Additional provisions |
|
|
|
At 31 July 2025 |
|
|
|
|
||
UCR Consultants Limited
Notes to the Financial Statements for the Year Ended 31 July 2025
Company
|
Deferred tax |
Total |
|
|
Additional provisions |
|
|
|
At 31 July 2025 |
|
|
|
|
||
|
Pension and other schemes |
Defined contribution pension scheme
The group operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the group to the scheme and amounted to £
Contributions totalling £
|
Share capital |
Allotted, called up and fully paid shares
|
2025 |
2024 |
|||
|
No. |
£ |
No. |
£ |
|
|
|
|
100 |
|
100 |
|
|
|
75 |
|
75 |
|
|
|
|
|
|
Rights, preferences and restrictions
|
Ordinary have the following rights, preferences and restrictions: |
|
Ordinary A have the following rights, preferences and restrictions: |
UCR Consultants Limited
Notes to the Financial Statements for the Year Ended 31 July 2025
|
Reserves |
Group
Share capital
There are two classes of ordinary shares. All the shares hold full voting rights and there are no
Profit and loss account
This represents accumulated comprehensive income for the period and prior periods.
Company
Share capital
There are two classes of ordinary shares. All the shares hold full voting rights and there are no
Profit and loss account
This represents accumulated comprehensive income for the period and prior periods.
|
Loans and borrowings |
Non-current loans and borrowings
|
Group |
Company |
|||
|
2025 |
2024 |
2025 |
2024 |
|
|
Hire purchase contracts |
- |
|
- |
|
|
Other borrowings |
|
- |
|
- |
|
|
|
|
|
|
Current loans and borrowings
|
Group |
Company |
|||
|
2025 |
2024 |
2025 |
2024 |
|
|
Hire purchase contracts |
|
|
|
|
|
Other borrowings |
|
- |
|
- |
|
|
|
|
|
|
Group and company
Other borrowings
One loan is denominated in pounds sterling with a nominal interest rate of 0%, and the final instalment is due on 27 August 2025. The carrying amount at year end is £250,000 (2024 - £Nil).
This loan is unsecured.
UCR Consultants Limited
Notes to the Financial Statements for the Year Ended 31 July 2025
Another loan is denominated in pounds sterling with a nominal interest rate of 22.7%%, and the final instalment is due on 23 July 2031. The carrying amount at year end is £275,000 (2024 - £Nil).
This loan is unsecured.
A further loan is denominated in pounds sterling with a nominal interest rate of 24.76%, and the final instalment is due on 16 June 2026. The carrying amount at year end is £233,065 (2024 - £Nil).
This loan is unsecured.
Included in the loans and borrowings are the following amounts due after more than five years:
|
2025 |
2024 |
|
|
After more than five years by instalments |
|
- |
Borrowings due after five years
The funding circle loan is denominated in pounds sterling with an interest rate of 22.70%, with monthly repayments being incurred.
|
Obligations under leases and hire purchase contracts |
Group and company
Operating leases
The total of future minimum lease payments is as follows:
|
2025 |
2024 |
|
|
Not later than one year |
|
|
|
Later than one year and not later than five years |
|
|
|
|
|
The amount of non-cancellable operating lease payments recognised as an expense during the year was £
UCR Consultants Limited
Notes to the Financial Statements for the Year Ended 31 July 2025
|
Analysis of changes in net debt |
Group
|
At 1 August 2024 |
Financing cash flows |
New finance leases |
At 31 July 2025 |
|
|
Cash and cash equivalents |
||||
|
Cash |
3,137,007 |
(1,116,680) |
- |
2,020,327 |
|
Borrowings |
||||
|
Long term borrowings |
(8,420) |
8,420 |
(250,707) |
(250,707) |
|
Short term borrowings |
(2,320) |
(6,100) |
(507,358) |
(515,778) |
|
(10,740) |
2,320 |
(758,065) |
(766,485) |
|
|
|
||||
|
|
( |
( |
|
|
Company
|
At 1 August 2024 |
Financing cash flows |
New finance leases |
At 31 July 2025 |
|
|
Cash and cash equivalents |
||||
|
Cash |
2,678,860 |
(1,159,889) |
- |
1,518,971 |
|
Borrowings |
||||
|
Long term borrowings |
(8,420) |
8,420 |
(250,707) |
(250,707) |
|
Short term borrowings |
(2,320) |
(6,100) |
(507,358) |
(515,778) |
|
(10,740) |
2,320 |
(758,065) |
(766,485) |
|
|
|
( |
( |
|
|
|
|
||||
UCR Consultants Limited
Notes to the Financial Statements for the Year Ended 31 July 2025
|
Related party transactions |
Group
|
Transactions with the director |
|
2025 |
At 1 August 2024 |
Advances to director |
Repayments by director |
At 31 July 2025 |
|
D. C. Brookes |
||||
|
Director's loan |
|
|
( |
|
|
2024 |
At 1 August 2023 |
Advances to director |
Repayments by director |
At 31 July 2024 |
|
D. C. Brookes |
||||
|
Director's loan |
( |
|
( |
|
The group authorised an unsecured loan to the director totalling £413,905 (2024 - £216,199). This loan was still outstanding at the year end, and incurred an interest rate of 2.25%.
Summary of transactions with other related parties
At the year end the group and company were owed £7,118,700 (2024 - £2,629,409) in relation to unsecured connected loans and connected party balances. Interest of £173,144 (2024 - £63,218) was received in relation to the loans during the financial period.
Rental property expenses were incurred during the financial year of £27,850 (2024 - £106,303) in relation to a connected company.
Consulting fees were incurred during the financial year of £6,900 (2024 - £7,500) in relation to a connected company.
UCR Consultants Limited
Notes to the Financial Statements for the Year Ended 31 July 2025
Company
|
Transactions with the director |
|
2025 |
At 1 August 2024 |
Advances to director |
Repayments by director |
At 31 July 2025 |
|
D. C. Brookes |
||||
|
Director's loan |
|
|
( |
|
|
2024 |
At 1 August 2023 |
Advances to director |
Repayments by director |
At 31 July 2024 |
|
D. C. Brookes |
||||
|
Director's loan |
( |
|
( |
|
The company authorised an unsecured loan to the director totalling £414,961 (2024 - £216,943). This loan was still outstanding at the year end, and incurred an interest rate of 2.25%.
Summary of transactions with other related parties
At the year end the group and company were owed £7,118,700 (2024 - £2,629,409) in relation to unsecured connected loans and connected party balances. Interest of £173,144 (2024 - £63,218) was received in relation to the loans during the financial period.
Rental property expenses were incurred during the financial year of £27,850 (2024 - £106,303) in relation to a connected company.
Consulting fees were incurred during the financial year of £6,900 (2024 - £7,500) in relation to a connected company.
|
Comparative balances |
All comparative balances within the accounts for the year ended 30 June 2025 are unaudited.