SSUK Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: SC296269

SSUK Limited

Filleted Unaudited Financial Statements

31 December 2025

SSUK Limited

Financial Statements

Year ended 31 December 2025

Contents	Page

Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements	1

Statement of financial position	2

Notes to the financial statements	4

SSUK Limited

Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of SSUK Limited

Year ended 31 December 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 SSUK Limited for the year ended 31 December 2025, which comprise the statement of financial position 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 ICAS, we are subject to its ethical and other professional requirements which are detailed at www.icas.com/accountspreparationguidance. This report is made solely to the Board of Directors of SSUK Limited, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of SSUK Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with the requirements of ICAS as detailed at www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SSUK Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that SSUK Limited 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 profit of SSUK Limited. You consider that SSUK Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of SSUK Limited. 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.

GILLILAND & COMPANY Chartered Accountants

216 West George Street Glasgow G2 2PQ

10 July 2026

SSUK Limited

Statement of Financial Position

31 December 2025

	2025		2024
Note	£	£	£

Fixed assets

Intangible assets	5	3,673	8,570
Tangible assets	6	728,537	675,408
Investments	7	864,190	–
		-----------	--------
		1,596,400	683,978

Current assets

Stocks		598,985	461,350
Debtors	8	1,986,527	795,544
Cash at bank and in hand		–	485,251
		-----------	-----------
		2,585,512	1,742,145

Creditors: amounts falling due within one year	9	1,809,436		858,331
		-----------		-----------
Net current assets			776,076	883,814
			-----------	-----------
Total assets less current liabilities			2,372,476	1,567,792

Creditors: amounts falling due after more than one year	10		823,076	51,014

Provisions

Taxation including deferred tax	90,898	76,035
	-----------	-----------
Net assets	1,458,502	1,440,743
	-----------	-----------

Capital and reserves

Called up share capital	38	38
Share premium account	18,508	18,508
Revaluation reserve	122,800	122,800
Capital redemption reserve	47	47
Profit and loss account	1,317,109	1,299,350
	-----------	-----------
Shareholders funds	1,458,502	1,440,743
	-----------	-----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 December 2025 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 financial statements for the year in question in accordance with section 476 ;

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

SSUK Limited

Statement of Financial Position (continued)

31 December 2025

These financial statements were approved by the board of directors and authorised for issue on 10 July 2026 , and are signed on behalf of the board by:

Mr S McCahill

Director

Company registration number: SC296269

SSUK Limited

Notes to the Financial Statements

Year ended 31 December 2025

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is 45 Queen Elizabeth Avenue, Hillington, Glasgow, G52 4NQ, Scotland.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Intangible Fixed Asset	-	20% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	Revaluation model, 2% - 20% Straight line
Plant and machinery	-	4% - 25% Straight line
Motor vehicles	-	25% straight line
Equipment	-	33% straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Investments in joint ventures

Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 33 (2024: 39 ).

5. Intangible assets

	Website Development
	£
Cost
At 1 January 2025 and 31 December 2025	24,485
	-------
Amortisation
At 1 January 2025	15,915
Charge for the year	4,897
	-------
At 31 December 2025	20,812
	-------
Carrying amount
At 31 December 2025	3,673
	-------
At 31 December 2024	8,570
	-------

6. Tangible assets

	Freehold property	Plant and machinery	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 January 2025	544,980	14,641	351,414	6,000	917,035
Additions	–	8,077	111,966	–	120,043
Disposals	–	( 5,350)	( 74,975)	–	( 80,325)
	--------	-------	--------	------	--------
At 31 December 2025	544,980	17,368	388,405	6,000	956,753
	--------	-------	--------	------	--------
Depreciation
At 1 January 2025	9,980	12,245	217,594	1,808	241,627
Charge for the year	–	1,161	63,465	1,482	66,108
Disposals	–	( 5,350)	( 74,169)	–	( 79,519)
	--------	-------	--------	------	--------
At 31 December 2025	9,980	8,056	206,890	3,290	228,216
	--------	-------	--------	------	--------
Carrying amount
At 31 December 2025	535,000	9,312	181,515	2,710	728,537
	--------	-------	--------	------	--------
At 31 December 2024	535,000	2,396	133,820	4,192	675,408
	--------	-------	--------	------	--------

The property was revalued in 2024 by a leading firm of valuers and the directors deem the value appropriate at the year end. Had the property not been revalued it would have been stated at a historical cost of £371,267.

7. Investments

	Shares in group undertakings
	£
Cost
At 1 January 2025	–
Additions	864,190
	--------
At 31 December 2025	864,190
	--------
Impairment
At 1 January 2025 and 31 December 2025	–
	--------

Carrying amount
At 31 December 2025	864,190
	--------
At 31 December 2024	–
	--------

Details of the company's subsidiary at 31 December 2025:

Name of undertaking - T.G. Baker (Sound) Limited and subsidiary

Registered Office -173/175 Glasgow Road, Glasgow, G81 1LQ

Class of shares held - Ordinary

% held direct - 100%

8. Debtors

	2025	2024
	£	£
Trade debtors	1,436,618	409,228
Amounts owed by group undertakings	210,153	–
Prepayments and accrued income	215,770	210,892
Corporation tax repayable	–	61,377
Directors loan account	120,236	30,000
Other debtors	3,750	84,047
	-----------	--------
	1,986,527	795,544
	-----------	--------

9. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	209,730	–
Trade creditors	783,113	332,138
Accruals and deferred income	686,847	391,136
Social security and other taxes	48,618	96,527
Obligations under finance leases and hire purchase contracts	59,725	30,540
Other creditors	21,403	7,990
	-----------	--------
	1,809,436	858,331
	-----------	--------

Amounts due under hire purchase and finance lease obligations are secured by the assets to which they relate.

10. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	534,290	–
Amounts owed to group undertakings and undertakings in which the company has a participating interest	200,000	–
Other creditors	88,786	51,014
	--------	-------
	823,076	51,014
	--------	-------

The company's bank loans are secured debts. There is a floating charge over the assets and undertakings of the company.

11. Directors' advances, credits and guarantees

During the year funds of £208,236 were advanced to the directors and repayments of £118,000 were made. The company was owed £120,236 from the directors as at the year end (2024: £30,000). The loan is unsecured and will be repaid within 9 months of the financial year end. Interest has been charged on this loan.

12. Related party transactions

As at 31 December the company is owed from its subsidiaries £210,153 (2024: £nil).