Uberfone Ltd

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—6

1. General Information

Uberfone Ltd is a private company, limited by shares, incorporated in Afghanistan, registered number NI608926 . The registered office is 206 City Business Park, Dunmurry, Belfast, BT17 9HY.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting

Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the

Companies Act 2006 as applicable to companies subject to the small companies regime. 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.

The financial statements are prepared in sterling, which is the functional currency of the company.

Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the

revaluation of freehold properties and to include investment properties and certain financial instruments at

fair value. The principal accounting policies adopted are set out below.

2.2. Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services

provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair

value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration

is the present value of the future receipts. The difference between the fair value of the consideration and

the nominal amount received is recognised as interest income.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the

goods have passed to the buyer (usually on dispatch of the goods), the amount of turnover can be

measured reliably, it is probable that the economic benefits associated with the transaction will flow to the

entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Turnover from contracts for the provision of professional services is recognised by reference to the stage

of completion when the stage of completion, costs incurred and costs to complete can be estimated

reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual

hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated

reliably, turnover is recognised only to the extent of the expenses recognised that it is probable will be

recovered.

2.3. 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:

Motor Vehicles	25% Straightline
Fixtures & Fittings	25% Straightline
Computer Equipment	25% Straightline

2.4. Stocks and Work in Progress

Stock is stated at the lower of cost and estimated selling price less costs to complete and sell. Cost

comprises direct materials and, where applicable, direct labour costs and those overheads that have been

incurred in bringing the stock to it's present location and condition.

Stock held for distribution at no or nominal consideration are measured at the lower of cost and

replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of

stock over its estimated selling price less costs to complete and sell is recognised as an impairment

loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

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Uberfone Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

2.5. Financial Instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section

12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company

becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially

measured at transaction price including transaction costs and are subsequently carried at amortised cost

using the effective interest method unless the arrangement constitutes a financing transaction, where the

transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual

arrangements entered into. An equity instrument is any contract that evidences a residual interest in the

assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group

companies and preference shares that are classified as debt, are initially recognised at transaction price

unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

2.6. 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.

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.

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Uberfone Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 29 (2024: 31)

4. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 December 2024	5,750	182,518	4,639	192,907
Additions	-	-	482	482

As at 30 November 2025	5,750	182,518	5,121	193,389

Depreciation
As at 1 December 2024	5,750	182,518	3,107	191,375
Provided during the period	-	-	1,280	1,280

As at 30 November 2025	5,750	182,518	4,387	192,655

Net Book Value
As at 30 November 2025	-	-	734	734

As at 1 December 2024	-	-	1,532	1,532

5. Stocks

	2025	2024
	£	£
Finished goods	146,501	123,674

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	7,375	20,911
Other debtors	15,496	16,349

	22,871	37,260

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	74,616	80,413
Other creditors	19,071	15,658
Taxation and social security	59,437	67,113

	153,124	163,184

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

	2025	2024
	£	£
Bank loans	20,571	25,142

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Uberfone Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		734		1,532

			734		1,532
CURRENT ASSETS
Stocks	5	146,501		123,674
Debtors	6	22,871		37,260
Cash at bank and in hand		74,139		72,300

		243,511		233,234
Creditors: Amounts Falling Due Within One Year	7	(153,124 )		(163,184 )

NET CURRENT ASSETS (LIABILITIES)			90,387		70,050

TOTAL ASSETS LESS CURRENT LIABILITIES			91,121		71,582

Creditors: Amounts Falling Due After More Than One Year	8		(20,571 )		(25,142 )

NET ASSETS			70,550		46,440

CAPITAL AND RESERVES
Called up share capital	9		100		100
Income Statement			70,450		46,340

SHAREHOLDERS' FUNDS			70,550		46,440