Company registration number 04499552 (England and Wales)
URBAN INDUSTRIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
URBAN INDUSTRIES LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 9
URBAN INDUSTRIES LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
66,677
86,578
Investments
5
-
0
26,465
66,677
113,043
Current assets
Stocks
442,039
559,690
Debtors
6
176,702
209,698
Cash at bank and in hand
224,932
246,972
843,673
1,016,360
Creditors: amounts falling due within one year
7
(704,760)
(820,749)
Net current assets
138,913
195,611
Total assets less current liabilities
205,590
308,654
Creditors: amounts falling due after more than one year
8
(63,901)
(82,674)
Provisions for liabilities
(12,189)
(15,864)
Net assets
129,500
210,116
Capital and reserves
Called up share capital
9
64
64
Capital redemption reserve
38
38
Profit and loss reserves
129,398
210,014
Total equity
129,500
210,116
URBAN INDUSTRIES LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2025
31 December 2025
- 2 -

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

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 14 July 2026
D J King
Director
Company registration number 04499552 (England and Wales)
URBAN INDUSTRIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -
1
Accounting policies
Company information

Urban Industries Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 2 Park View, Alder Close, Eastbourne, East Sussex, BN23 6QE.

1.1
Basis of preparation

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 a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Revenue

Turnover represents the amount receivable for goods sold during the year, excluding value added tax and trade discounts, and is recognised in accordance with Section 23 of FRS 102 when the significant risks and rewards of ownership have passed to the customer, the amount of turnover can be measured reliably, and it is probable that the economic benefits will flow to the company.

For online sales, this is on delivery to the customer, as evidenced by courier tracking; for in-store sales, at the point of handover. Delivery and postage charges recharged to customers are included within turnover and recognised at the same point, being non-refundable.

Returns

Customers may return unwanted goods within 18 days of receipt for a refund, subject to the goods being in a resaleable condition; no exchanges are offered. Given the short window, no provision is made for anticipated future returns; refunds are recognised as a reduction of turnover in the period the return is processed and accepted.

F aulty goods

Liability for faulty goods is assessed by reference to the relevant brand's warranty terms, as the company sells third-party branded stock. A liability is recognised only where an obligation exists at the reporting date.

G ift cards and vouchers

Proceeds from gift cards and vouchers are deferred within creditors and recognised as turnover on redemption or expiry. Gift cards and vouchers expire 12 months after issue if unredeemed.

Payment method and foreign currency

Turnover is recognised on transfer of control as above, regardless of payment or financing method (including Klarna) or timing of cash receipt. Foreign currency sales are translated at the spot rate ruling at the transaction date.

URBAN INDUSTRIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 4 -
1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
20% reducing balance/ 3 year straight line
Fixtures and fittings
10 year straight line
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.6
Stocks

Stocks are 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 stocks to their present location and condition.

Stocks 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 stocks 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.

URBAN INDUSTRIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 5 -
1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
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 balance sheet 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 debtors 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 creditors, 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 paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts 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 creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

URBAN INDUSTRIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 6 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.13
Leases
As lessee

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.14
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

URBAN INDUSTRIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 7 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was 13 (2024 - 14).

2025
2024
Number
Number
Total
13
14
4
Tangible fixed assets
Plant and machinery
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 January 2025
603,817
58,485
83,289
745,591
Additions
1,581
-
0
-
0
1,581
At 31 December 2025
605,398
58,485
83,289
747,172
Depreciation and impairment
At 1 January 2025
596,369
34,014
28,630
659,013
Depreciation charged in the year
4,388
3,429
13,665
21,482
At 31 December 2025
600,757
37,443
42,295
680,495
Carrying amount
At 31 December 2025
4,641
21,042
40,994
66,677
At 31 December 2024
7,448
24,471
54,659
86,578
URBAN INDUSTRIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 8 -
5
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
-
0
20,000
Loans to group undertakings and participating interests
-
0
6,465
-
0
26,465
Movements in fixed asset investments
Shares in subsidiaries
Loans to subsidiaries
Total
£
£
£
Cost or valuation
At 1 January 2025
20,000
6,465
26,465
Additions
15,000
-
15,000
Disposals
(35,000)
(6,465)
(41,465)
At 31 December 2025
-
-
-
Carrying amount
At 31 December 2025
-
-
-
At 31 December 2024
20,000
6,465
26,465
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
18,741
38,074
Other debtors
81,123
88,279
Prepayments and accrued income
76,838
83,345
176,702
209,698
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
456,914
602,098
Taxation and social security
153,076
113,823
Other creditors
94,770
104,828
704,760
820,749
URBAN INDUSTRIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 9 -
8
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Obligations under finance leases
46,079
51,776
Other borrowings
17,822
30,898
63,901
82,674
9
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of 1p each
5,000
5,000
50
50
Ordinary B share of £1 each
1
1
1
1
Ordinary C shares of 1p each
1,250
1,250
13
13
6,251
6,251
64
64
2025-12-31 2025-01-01 false false false 14 July 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity D J King 04499552 2025-01-01 2025-12-31 04499552 2025-12-31 04499552 2024-12-31 04499552 core:PlantMachinery 2025-12-31 04499552 core:FurnitureFittings 2025-12-31 04499552 core:MotorVehicles 2025-12-31 04499552 core:PlantMachinery 2024-12-31 04499552 core:FurnitureFittings 2024-12-31 04499552 core:MotorVehicles 2024-12-31 04499552 core:CurrentFinancialInstruments core:WithinOneYear 2025-12-31 04499552 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 04499552 core:Non-currentFinancialInstruments core:AfterOneYear 2025-12-31 04499552 core:Non-currentFinancialInstruments core:AfterOneYear 2024-12-31 04499552 core:CurrentFinancialInstruments 2025-12-31 04499552 core:CurrentFinancialInstruments 2024-12-31 04499552 core:Non-currentFinancialInstruments 2025-12-31 04499552 core:Non-currentFinancialInstruments 2024-12-31 04499552 core:ShareCapital 2025-12-31 04499552 core:ShareCapital 2024-12-31 04499552 core:CapitalRedemptionReserve 2025-12-31 04499552 core:CapitalRedemptionReserve 2024-12-31 04499552 core:RetainedEarningsAccumulatedLosses 2025-12-31 04499552 core:RetainedEarningsAccumulatedLosses 2024-12-31 04499552 core:ShareCapitalOrdinaryShareClass1 2025-12-31 04499552 core:ShareCapitalOrdinaryShareClass1 2024-12-31 04499552 core:ShareCapitalOrdinaryShareClass2 2025-12-31 04499552 core:ShareCapitalOrdinaryShareClass2 2024-12-31 04499552 core:ShareCapitalOrdinaryShareClass3 2025-12-31 04499552 core:ShareCapitalOrdinaryShareClass3 2024-12-31 04499552 core:ShareCapitalOrdinaryShares 2025-12-31 04499552 core:ShareCapitalOrdinaryShares 2024-12-31 04499552 bus:Director1 2025-01-01 2025-12-31 04499552 core:PlantMachinery 2025-01-01 2025-12-31 04499552 core:FurnitureFittings 2025-01-01 2025-12-31 04499552 core:MotorVehicles 2025-01-01 2025-12-31 04499552 2024-01-01 2024-12-31 04499552 core:PlantMachinery 2024-12-31 04499552 core:FurnitureFittings 2024-12-31 04499552 core:MotorVehicles 2024-12-31 04499552 2024-12-31 04499552 bus:OrdinaryShareClass1 2025-01-01 2025-12-31 04499552 bus:OrdinaryShareClass2 2025-01-01 2025-12-31 04499552 bus:OrdinaryShareClass3 2025-01-01 2025-12-31 04499552 bus:OrdinaryShareClass1 2025-12-31 04499552 bus:OrdinaryShareClass1 2024-12-31 04499552 bus:OrdinaryShareClass2 2025-12-31 04499552 bus:OrdinaryShareClass2 2024-12-31 04499552 bus:OrdinaryShareClass3 2025-12-31 04499552 bus:OrdinaryShareClass3 2024-12-31 04499552 bus:AllOrdinaryShares 2025-12-31 04499552 bus:AllOrdinaryShares 2024-12-31 04499552 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 04499552 bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 04499552 bus:FRS102 2025-01-01 2025-12-31 04499552 bus:AuditExemptWithAccountantsReport 2025-01-01 2025-12-31 04499552 bus:FullAccounts 2025-01-01 2025-12-31 xbrli:pure xbrli:shares iso4217:GBP