Registration number: SC598486

Online Cables (Scotland) Limited

Contents

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

Online Cables (Scotland) Limited

Company Information

Directors

Mr Andrew James Low Mr James Stevenson Mr David John Sim Mr Haresh Mathew Abraham

Registered office

Unit 11 Ashley Group Base Pitmedden Road Aberdeen AB21 0DP

Accountants

Tayabali & White 5 High Green Great Shelford Cambridge CB22 5EG

Online Cables (Scotland) Limited

(Registration number: SC598486)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	1,021	715
Current assets
Stocks	5	833,886	1,487,541
Debtors	6	501,434	84,137
Cash at bank and in hand		903,569	380,403
		2,238,889	1,952,081
Creditors: Amounts falling due within one year	7	(775,760)	(598,625)
Net current assets		1,463,129	1,353,456
Total assets less current liabilities		1,464,150	1,354,171
Creditors: Amounts falling due after more than one year	7	(1,170,876)	(1,329,300)
Provisions for liabilities		(255)	(179)
Net assets		293,019	24,692
Capital and reserves
Called up share capital	8	111	100
Share premium reserve		2,869	-
Retained earnings		290,039	24,592
Shareholders' funds		293,019	24,692

For the financial 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 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.

Online Cables (Scotland) Limited

(Registration number: SC598486)
Balance Sheet as at 31 December 2025

Approved and authorised by the Board on 20 October 2026 and signed on its behalf by:
 

......................................... Mr Andrew James Low Director

......................................... Mr Haresh Mathew Abraham Director

Online Cables (Scotland) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in Scotland.

The company's registered number is SC598486.

The address of its registered office is:
Unit 11
Ashley Group Base
Pitmedden Road
Aberdeen
AB21 0DP

These financial statements were authorised for issue by the Board on 20 October 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Online Cables (Scotland) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises 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.

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.

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
Fixtures & fittings	20% on reducing balance
Office equipment	33% on reducing balance

Online Cables (Scotland) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

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 3 (2024 - 3).

Online Cables (Scotland) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

4	Tangible assets

	Fixtures and fittings £	Office equipment £	Total £
Cost or valuation
At 1 January 2025	117	2,104	2,221
Additions	-	799	799
At 31 December 2025	117	2,903	3,020
Depreciation
At 1 January 2025	70	1,436	1,506
Charge for the year	9	484	493
At 31 December 2025	79	1,920	1,999
Carrying amount
At 31 December 2025	38	983	1,021
At 31 December 2024	47	668	715

5

Stocks

	2025 £	2024 £
Work in progress	833,886	1,487,541

6

Debtors

Current	2025 £	2024 £
Trade debtors	495,418	24,737
Other debtors	6,016	59,400
	501,434	84,137

Online Cables (Scotland) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	556,759	455,453
Taxation and social security	334	1,605
Accruals and deferred income	6,740	2,990
Other creditors	211,927	138,577
	775,760	598,625

Creditors: amounts falling due after more than one year

	2025 £	2024 £
Due after one year
Other financial liabilities	1,170,876	1,329,300

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary A shares of £0.01 (2024 - £1) each	10,000	100	100	100
Ordinary B shares of £0.01 (2024 - £0) each	1,112	11	-	-
	11,112	111	100	100

9	Related party transactions

Summary of transactions with other related parties

Online Cables (Scotland) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Creditors falling due after more than one year at 31st December 2025 as shown above, include amounts of £1,170,876 (2024: £1,329,300) owed to related party, Online Cables DMCC, a company registered and trading in Dubai, United Arab Emirates. Loans made from Online Cables DMCC are made on an unsecured and interest free basis.