THE UNIVERSAL GIFT CARD COMPANY LIMITED

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

Registered number: 08600709

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		3,684		5,323
Tangible Assets	5		6,150		8,916

			9,834		14,239
CURRENT ASSETS
Stocks	6	5,000		3,500
Debtors	7	2,000		12,049
Cash at bank and in hand		50,414		75,348

		57,414		90,897
Creditors: Amounts Falling Due Within One Year	8	(183,849 )		(214,274 )

NET CURRENT ASSETS (LIABILITIES)			(126,435 )		(123,377 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(116,601 )		(109,138 )

Creditors: Amounts Falling Due After More Than One Year	9		-		(18,333 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	11		(1,169 )		(1,694 )

NET LIABILITIES			(117,770 )		(129,165 )

CAPITAL AND RESERVES
Called up share capital	12		153,305		153,305
Share premium account			160,945		160,945
Profit and Loss Account			(432,020 )		(443,415 )

SHAREHOLDERS' FUNDS			(117,770)		(129,165)

Page 1

Page 2

THE UNIVERSAL GIFT CARD COMPANY LIMITED

Balance Sheet (continued)

As At 31 July 2025

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

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Walisinghe DE ZOYSA

Director

31/07/2026

The notes on pages 3 to 7 form part of these financial statements.

1. General Information

THE UNIVERSAL GIFT CARD COMPANY LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 08600709 . The registered office is 39 Ludgate Hill City, LONDON, EC4M 7JN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have prepared these financial statements on the going concern basis. At the time of approving these financial statements and in coming to this conclusion, the directors have assessed current and future trade. The directors have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Intangible assets include externally developed websites and mobile applications that are separately identifiable,

under the company’s control, and are expected to generate probable future economic benefits.

Development costs are capitalised only when the asset meets the recognition criteria set out in FRS 102 Section

18. Capitalised costs include only those directly attributable to preparing the asset for its intended use, such as

contractor and developer fees incurred during the design, coding, and testing phases.

Amortisation is provided on a straight-line basis over the asset’s estimated useful economic life, which is

typically five years.

Costs incurred during the research and planning stages, as well as ongoing maintenance and support costs, are

expensed as incurred and not capitalised.

Page 3

Page 4

THE UNIVERSAL GIFT CARD COMPANY LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% Reducing Balance Method
Computer Equipment	3 Years - Straight Line Method

2.6. Investments

2.7. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.8. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.9. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2024: 4)

Page 4

Page 5

THE UNIVERSAL GIFT CARD COMPANY LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

4. Intangible Assets

	Other
	£
Cost
As at 1 August 2024	16,356

As at 31 July 2025	16,356

Amortisation
As at 1 August 2024	11,033
Provided during the period	1,639

As at 31 July 2025	12,672

Net Book Value
As at 31 July 2025	3,684

As at 1 August 2024	5,323

5. Tangible Assets

	Plant & Machinery	Computer Equipment	Total
	£	£	£
Cost
As at 1 August 2024	16,952	19,785	36,737

As at 31 July 2025	16,952	19,785	36,737

Depreciation
As at 1 August 2024	9,691	18,130	27,821
Provided during the period	1,816	950	2,766

As at 31 July 2025	11,507	19,080	30,587

Net Book Value
As at 31 July 2025	5,445	705	6,150

As at 1 August 2024	7,261	1,655	8,916

6. Stocks

	2025	2024
	£	£
Finished goods	5,000	3,500

Page 5

Page 6

THE UNIVERSAL GIFT CARD COMPANY LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	-	10,049
Other debtors	2,000	2,000

	2,000	12,049

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Bank loans and overdrafts	8,332	-
Other creditors	158,740	200,910
Taxation and social security	16,777	13,364

	183,849	214,274

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	-	18,333

10. Loans

An analysis of the maturity of loans is given below:

	2025	2024
	£	£
Amounts falling due within one year or on demand:
Bank loans	8,332	-

	2025	2024
	£	£
Amounts falling due between one and five years:
Bank loans	-	18,333

11. Deferred Taxation

	2025	2024
	£	£
Accelerated capital allowances	1,169	1,694

Page 6

Page 7

THE UNIVERSAL GIFT CARD COMPANY LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

12. Share Capital

	2025	2024
	£	£
Called Up Share Capital not Paid	2,000	2,000
Called Up Share Capital has been paid up	151,305	151,305

Amount of Allotted, Called Up Share Capital	153,305	153,305

13. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 August 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 July 2025
	£	£	£	£	£
Mr Walisinghe DE ZOYSA	(193,820 )	46,988	-	-	(146,832 )

The above loan is unsecured, interest free and repayable on demand.

Page 7