US AUTOMOTIVE LIMITED

Company Registration Number:
03186964 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

US AUTOMOTIVE LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Balance sheet
Notes

US AUTOMOTIVE LIMITED

Balance sheet

As at 31 March 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 180,184 181,837
Total fixed assets: 180,184 181,837
Current assets
Stocks: 130,000 195,000
Debtors:   382,370 422,621
Cash at bank and in hand: 60,553 63,057
Total current assets: 572,923 680,678
Creditors: amounts falling due within one year:   (352,813) (154,438)
Net current assets (liabilities): 220,110 526,240
Total assets less current liabilities: 400,294 708,077
Creditors: amounts falling due after more than one year:   (32,101) (292,681)
Total net assets (liabilities): 368,193 415,396
Capital and reserves
Called up share capital: 630,000 630,000
Profit and loss account: (261,807) (214,604)
Shareholders funds: 368,193 415,396

The notes form part of these financial statements

US AUTOMOTIVE LIMITED

Balance sheet statements

For the year ending 31 March 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 22 December 2023
and signed on behalf of the board by:

Name: S Bassett
Status: Director

The notes form part of these financial statements

US AUTOMOTIVE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

US AUTOMOTIVE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

2. Employees

2023 2022
Average number of employees during the period 9 9

US AUTOMOTIVE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Tangible Assets

Total
Cost £
At 01 April 2022 327,457
At 31 March 2023 327,457
Depreciation
At 01 April 2022 145,620
Charge for year 1,653
At 31 March 2023 147,273
Net book value
At 31 March 2023 180,184
At 31 March 2022 181,837