ACCOUNTS - Final Accounts preparation

Registered number: 12925551

UNDERD0G MANUFACTURE LTD

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2025

Chartered Accountants

2nd Floor, Heathmans House

19 Heathmans Road

London

SW6 4TJ


UNDERD0G MANUFACTURE LTD

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF UNDERD0G MANUFACTURE LTD
FOR THE YEAR ENDED 31 OCTOBER 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Underd0g Manufacture Ltd for the year ended 31 October 2025 which comprise the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of Underd0g Manufacture Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Underd0g Manufacture Ltd and state those matters that we have agreed to state to the Board of Directors of Underd0g Manufacture Ltd, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Underd0g Manufacture Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Underd0g Manufacture Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Underd0g Manufacture Ltd. You consider that Underd0g Manufacture Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Underd0g Manufacture Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Haggards Crowther LLP

Chartered Accountants

2nd Floor, Heathmans House

19 Heathmans Road

London

SW6 4TJ

31 July 2026

Page 1


UNDERD0G MANUFACTURE LTD REGISTERED NUMBER:12925551

BALANCE SHEET

AS AT 31 OCTOBER 2025

		2025		2024
Note		£		£

Fixed assets
Intangible Assets	4		110		132
Tangible assets	5		114,985		96,467
			115,095		96,599
Current assets
Stocks	6	660		660
Debtors: amounts falling due within one year	7	116,817		35,607
Cash at bank and in hand		38,600		179,563
		156,077		215,830
Creditors: amounts falling due within one year	8	(481,825)		(380,308)
Net current liabilities			(325,748)		(164,478)
Total assets less current liabilities			(210,653)		(67,879)

Creditors: amounts falling due after more than one year	9		-		(1,431)

Net assets excluding pension asset			(210,653)		(69,310)
Net liabilities			(210,653)		(69,310)

Capital and reserves
Called up share capital	10	3	3
Share premium account		199,999	199,999
Retained earnings		(410,655)	(269,312)
		(210,653)	(69,310)

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UNDERD0G MANUFACTURE LTD REGISTERED NUMBER:12925551

BALANCE SHEET (CONTINUED)

AS AT 31 OCTOBER 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Mr R Z Benc

Director

Date: 31 July 2026

The notes on pages 4 to 11 form part of these financial statements.

Page 3


UNDERD0G MANUFACTURE LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

1.	Statutory information

Underd0g Manufacture Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number is 12925551 and its registered office address is 1 Park Street, Maidenhead, England, SL6 1SL.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

2.2

Going concern

The financial statements have been prepared on the going concern basis, which assumes that the company will continue in operational existence for the foreseeable future. The directors consider that the company is a going concern on the basis that they will continue to provide financial support for the foreseeable future.

2.3

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. In the opinion of the directors there are no judgements or key sources of estimation uncertainty that affect the preparation of the financial statements.

2.4

Turnover

Turnover is stated net of VAT. Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date, turnover represents the value of the services provided to date based on a proportion of the total contract value. Where payments are received from customers in advance of services provided, the amounts are recorded as Deferred Income and included as part of Creditors due within one year.

2.5

Operating leases

Rentals paid under operating leases are charged to income statement on a straight-line basis over the lease term.

2.6

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 4


UNDERD0G MANUFACTURE LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

2.Accounting policies (continued)

2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

2.9

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.

2.10

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.

2.11

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Amortisation is provided on the following bases:

Trademarks

10%

on cost

Page 5


UNDERD0G MANUFACTURE LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

2.Accounting policies (continued)

2.12

Tangible fixed assets

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.

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

Leasehold improvements	-	33%	on cost
Plant and machinery	-	10%	on cost
Fixtures and fittings	-	10%	on cost
Computer equipment	-	10%	on cost

2.13

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include 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 Income Statement.

2.14

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.15

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.	Employees and Directors

The average monthly number of employees, including directors, during the year was 21 (2024 - 15).

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UNDERD0G MANUFACTURE LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

4.	Intangible assets

		Trademarks
		£
	Cost
	At 1 November 2024	220
	At 31 October 2025	220
	Amortisation
	At 1 November 2024	88
	Charge for the year on owned assets	22
	At 31 October 2025	110
	Net book value
	At 31 October 2025	110
	At 31 October 2024	132

Page 7


UNDERD0G MANUFACTURE LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

5.	Tangible fixed assets

	Leasehold improvements	Plant and machinery	Fixtures and fittings	Computer equipment	Total
	£	£	£	£	£
Cost or valuation
At 1 November 2024	15,781	52,116	53,665	1,042	122,604
Additions	9,466	11,657	19,028	942	41,093
Disposals	(15,781)	-	-	-	(15,781)
At 31 October 2025	9,466	63,773	72,693	1,984	147,916
Depreciation
At 1 November 2024	8,243	7,245	10,618	31	26,137
Charge for the year	6,821	6,228	6,653	171	19,873
Disposals	(13,079)	-	-	-	(13,079)
At 31 October 2025	1,985	13,473	17,271	202	32,931
Net book value
At 31 October 2025	7,481	50,300	55,422	1,782	114,985
At 31 October 2024	7,537	44,872	43,047	1,011	96,467

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UNDERD0G MANUFACTURE LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

6.	Stocks
		2025	2024
		£	£

Stocks	660	660
	660	660

Page 9


UNDERD0G MANUFACTURE LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

Debtors

					2025	2024
					£	£


Trade debtors	59,773	12,966
Other debtors	32,880	8,557
Prepayments and accrued income	24,164	14,084
	116,817	35,607

8.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Bank loans	1,431	4,034
Trade creditors	26,503	7,549
Other taxation and social security	71,014	28,716
Director's loan account	240,000	190,000
Other creditors	3,966	3,265
Accruals and deferred income	138,911	146,744
	481,825	380,308

9.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Bank loans	-	1,431
	-	1,431

10.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

3,000 (2024 - 3,000) Ordinary Shares shares of £0.001 each	3	3

Page 10


UNDERD0G MANUFACTURE LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

11.	Retained earnings
		2025
		£

	At 1 November 2024	(269,311)
	Profit for the year	(141,344)
	At 31 October 2025	(410,655)

Page 11