Registration number: 06270617

Ugalde & Son Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

Ugalde & Son Limited

Company Information

Directors

Mr B T Ugalde Mrs L A Ugalde Mr R C Ugalde

Company secretary

Mr B T Ugalde

Registered office

Trelawney House Heathlands Road Liskeard Cornwall PL14 4DH

Accountants

ADC Accountants (SW) Chartered Certified Accountants22 Churchill Way Plymouth Devon PL3 4PR

Ugalde & Son Limited

(Registration number: 06270617)
Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Intangible assets	4	582,400	655,200
Tangible assets	5	402,452	411,397
		984,852	1,066,597
Current assets
Stocks	6	4,950	4,950
Debtors	7	73,212	122,548
Cash at bank and in hand		141,186	209,926
		219,348	337,424
Creditors: Amounts falling due within one year	8	(140,879)	(197,166)
Net current assets		78,469	140,258
Total assets less current liabilities		1,063,321	1,206,855
Creditors: Amounts falling due after more than one year	8	(52,940)	(63,792)
Provisions for liabilities		(45,050)	(43,719)
Net assets		965,331	1,099,344
Capital and reserves
Called up share capital	9	680,444	680,444
Retained earnings		284,887	418,900
Shareholders' funds		965,331	1,099,344

For the financial year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Ugalde & Son Limited

(Registration number: 06270617)
Balance Sheet as at 31 March 2026

Approved and authorised by the Board on 21 August 2026 and signed on its behalf by:
 

......................................... Mr B T Ugalde Company secretary and director

......................................... Mr R C Ugalde Director

Ugalde & Son Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Trelawney House
Heathlands Road
Liskeard
Cornwall
PL14 4DH

These financial statements were authorised for issue by the Board on 21 August 2026.

2	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 have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, 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.

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 company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the 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.

Ugalde & Son Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

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
Land and buildings	2% straight line
Plant and machinery	15% reducing balance
Furniture and fittings	15% reducing balance
Motor vehicles	25% reducing balance
Office equipment	33.33% straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’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	20 years straight line

Leases

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company 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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 11 (2025 - 10).

Ugalde & Son Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

4	Intangible assets

	Goodwill  £	Database  £	Total £
Cost or valuation
At 1 April 2025	1,456,000	6,917	1,462,917
At 31 March 2026	1,456,000	6,917	1,462,917
Amortisation
At 1 April 2025	800,800	6,917	807,717
Amortisation charge	72,800	-	72,800
At 31 March 2026	873,600	6,917	880,517
Carrying amount
At 31 March 2026	582,400	-	582,400
At 31 March 2025	655,200	-	655,200

Ugalde & Son Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

6

Stocks

	2026 £	2025 £
Stocks	4,950	4,950

7

Debtors

Current	2026 £	2025 £
Trade debtors	48,733	96,880
Prepayments	24,479	17,668
Other debtors	-	8,000
	73,212	122,548

8

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Loans and borrowings		10,852	10,852
trade creditors		18,174	12,070
Taxation and social security		40,460	75,717
Accruals and deferred income		16,117	40,667
Other creditors		55,276	57,860
		140,879	197,166