REGISTERED NUMBER: 01239779 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

UFAC (UK) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr RL Jones

SECRETARY:

Mr DJ Falconer

REGISTERED OFFICE:

Waterwitch House

Exeter Road

Newmarket

Suffolk

CB8 8RX

REGISTERED NUMBER:

01239779 (England and Wales)

SENIOR STATUTORY AUDITOR:

Mr Westleigh Scales FCA FMAAT

AUDITORS:

Mark J Rees LLP Chartered Accountants

and Statutory Auditors

Granville Hall

Granville Road

Leicester

LE1 7RU

FIXED ASSETS

Tangible assets

4

305,870

171,283

CURRENT ASSETS

Stocks

469,270

697,895

Debtors

5

1,743,724

1,820,588

Cash at bank and in hand

1,912,002

2,243,469

4,124,996

4,761,952

CREDITORS

Amounts falling due within one year

6

2,346,312

2,952,306

NET CURRENT ASSETS

1,778,684

1,809,646

TOTAL ASSETS LESS CURRENT LIABILITIES

2,084,554

1,980,929

CREDITORS

Amounts falling due after more than one year

7

(110,329

)

(135,263

)

PROVISIONS FOR LIABILITIES

(40,109

)

-

NET ASSETS

1,934,116

1,845,666

CAPITAL AND RESERVES

Called up share capital

212,124

212,124

Retained earnings

1,721,992

1,633,542

SHAREHOLDERS' FUNDS

1,934,116

1,845,666

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 September 2026 and were signed by:

Mr RL Jones - Director

1.	STATUTORY INFORMATION

UFAC (UK) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Revenue comprises the fair value for the sale of goods excluding value added taxes and represents net invoice value less estimated rebates, returns and settlement discounts and including transport costs charged to customers.

The company supplies products to customers from its manufacturing sites and warehouses, under standard terms and conditions. In all cases revenue is recognised when the risks and rewards of ownership are transferred and this is defined to be on dispatch of the goods.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

10% on cost

Plant and machinery

-

50% on cost, 20% on cost and 10% on cost

Fixtures and fittings

-

10% on cost

Motor vehicles

-

25% on cost

Fixed assets are reviewed for impairment if events or changes in circumstances indicate that the carrying amount may not be recoverable or as otherwise required by relevant accounting standards.

Shortfalls between the carrying value of fixed assets and their recoverable amounts, being the higher of fair value less costs to sell and value-in-use, are recognised as impairment losses. Impairments of revalued assets are treated as a revaluation decrease. All other impairment losses are recognised in profit and loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Creditors

Short term trade 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2025 - 26 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 April 2025

39,201

347,788

60,949

193,010

640,948

Additions

-

189,121

-

-

189,121

At 31 March 2026

39,201

536,909

60,949

193,010

830,069

DEPRECIATION

At 1 April 2025

37,566

339,917

58,093

34,089

469,665

Charge for year

301

3,125

2,856

48,252

54,534

At 31 March 2026

37,867

343,042

60,949

82,341

524,199

NET BOOK VALUE

At 31 March 2026

1,334

193,867

-

110,669

305,870

At 31 March 2025

1,635

7,871

2,856

158,921

171,283

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2025

and 31 March 2026

193,010

DEPRECIATION

At 1 April 2025

34,089

Charge for year

48,252

At 31 March 2026

82,341

NET BOOK VALUE

At 31 March 2026

110,669

At 31 March 2025

158,921

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

1,300,049

1,352,714

Other debtors

443,675

467,874

1,743,724

1,820,588

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Hire purchase contracts (see note 8)

24,934

24,934

Trade creditors

476,088

407,956

Amounts owed to group undertakings

809,229

1,541,894

Taxation and social security

279,907

33,733

Other creditors

756,154

943,789

2,346,312

2,952,306

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Hire purchase contracts (see note 8)

110,329

135,263

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2026

2025

£

£

Net obligations repayable:

Within one year

24,934

24,934

Between one and five years

110,329

135,263

135,263

160,197

Non-cancellable

operating leases

2026

2025

£

£

Within one year

62,027

49,396

Between one and five years

186,288

145,738

In more than five years

8,500

42,500

256,815

237,634

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Hire purchase contracts

135,263

160,197

HSBC hold a fixed and floating charge over the assets of the company.

Hire purchase contracts are secured on the assets to which they relate.

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Westleigh Scales FCA FMAAT (Senior Statutory Auditor)

for and on behalf of Mark J Rees LLP Chartered Accountants

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2026 and 31 March 2025:

2026

2025

£

£

Mr RL Jones

Balance outstanding at start of year

433,766

347,144

Amounts advanced

407,544

434,622

Amounts repaid

(434,000

)

(348,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

407,310

433,766

The loan is at the official rate of interest being 3.75% and is repayable on demand.

12.	ULTIMATE PARENT COMPANY

In the directors' opinion, the company's ultimate parent company is UFAC Holdings Limited. UFAC Holdings Limited owns 100% of the issued share capital of UFAC (UK) Limited.

The registered office is located at Woolfox Lodge, Great North Road, Stretton, Oakham, Rutland, LE15 7QT.