Uspace Ltd
Registered number: 14318392
Statement of Financial Position
as at 31 August 2023
Notes 2023
£
Current assets
Cash at bank and in hand 133,941
Creditors: amounts falling due within one year 3 (135,276)
Net current liabilities (1,335)
Net liabilities (1,335)
Capital and reserves
Called up share capital 100
Profit and loss account (1,435)
Shareholders' funds (1,335)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
X Ding
Director
Approved by the board on 15 April 2024
Uspace Ltd
Notes to the Accounts
for the period from 25 August 2022 to 31 August 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.
Going concern
The company had retained losses as at the balance sheet date which were not covered by the share capital of the company. The company is continuing to trade as the director of the company is funding the company in the form of a director’s loan. The director is planning to continue this financial support for the company for the foreseeable future.
Creditors
Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees and directors 2023
Number
Average number of directors and persons employed by the company 1
3 Creditors: amounts falling due within one year 2023
£
Accruals 576
Other creditors 134,700
135,276
4 Other information
Uspace Ltd is a private company limited by shares and incorporated in England. Its registered office is:
20-22
Wenlock Road
London
N1 7GU
Uspace Ltd 14318392 false 2022-08-25 2023-08-31 2023-08-31 VT Final Accounts April 2024 X Ding No description of principal activity 14318392 2022-08-25 2023-08-31 14318392 bus:PrivateLimitedCompanyLtd 2022-08-25 2023-08-31 14318392 bus:AuditExemptWithAccountantsReport 2022-08-25 2023-08-31 14318392 bus:Director40 2022-08-25 2023-08-31 14318392 2 2022-08-25 2023-08-31 14318392 countries:England 2022-08-25 2023-08-31 14318392 bus:FRS102 2022-08-25 2023-08-31 14318392 bus:FilletedAccounts 2022-08-25 2023-08-31 14318392 2023-08-31 14318392 core:WithinOneYear 2023-08-31 14318392 core:ShareCapital 2023-08-31 14318392 core:RetainedEarningsAccumulatedLosses 2023-08-31 14318392 2022-08-24 iso4217:GBP xbrli:pure