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REGISTERED NUMBER: NI631893 (Northern Ireland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JULY 2022 TO 31 JULY 2023

FOR

USPM LIMITED

USPM LIMITED (REGISTERED NUMBER: NI631893)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JULY 2022 TO 31 JULY 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


USPM LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 JULY 2022 TO 31 JULY 2023







DIRECTOR: K Doyle





SECRETARY: T Doyle





REGISTERED OFFICE: 140 Lisburn Road
Belfast
BT9 6AJ





REGISTERED NUMBER: NI631893 (Northern Ireland)





ACCOUNTANTS: Baker Tilly Mooney Moore
17 Clarendon Road
Belfast
BT1 3BG

USPM LIMITED (REGISTERED NUMBER: NI631893)

BALANCE SHEET
31 JULY 2023

31.7.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 226 229

CURRENT ASSETS
Debtors 5 51,689 42,391
Cash at bank 15,418 13,772
67,107 56,163
CREDITORS
Amounts falling due within one year 6 42,866 34,763
NET CURRENT ASSETS 24,241 21,400
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,467

21,629

PROVISIONS FOR LIABILITIES 44 44
NET ASSETS 24,423 21,585

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 24,323 21,485
SHAREHOLDERS' FUNDS 24,423 21,585

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

USPM LIMITED (REGISTERED NUMBER: NI631893)

BALANCE SHEET - continued
31 JULY 2023


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 3 April 2024 and were signed by:





K Doyle - Director


USPM LIMITED (REGISTERED NUMBER: NI631893)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JULY 2022 TO 31 JULY 2023


1. STATUTORY INFORMATION

USPM Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

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.

Significant judgements and estimates
In preparing these financial statements the director considers there to be no significant judgements and estimates involved.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Computer equipment - 33% on cost

Financial instruments
All financial instruments of the company are considered to meet the definition of basic financial instruments.

- Short term debtors and creditors
Debtors and creditors with no stated interest rate and are receivable or payable on demand are recognised at transaction price, and subject to annual impairment reviews. Any losses arising on impairment are recognised in the profit and loss account.

- Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand.

Taxation
Taxation for the period 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.


USPM LIMITED (REGISTERED NUMBER: NI631893)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JULY 2022 TO 31 JULY 2023


2. ACCOUNTING POLICIES - continued
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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 July 2022 4,685
Additions 449
At 31 July 2023 5,134
DEPRECIATION
At 1 July 2022 4,456
Charge for period 452
At 31 July 2023 4,908
NET BOOK VALUE
At 31 July 2023 226
At 30 June 2022 229

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 30.6.22
£    £   
Client bank account 32,407 24,798
Prepayments 19,282 17,593
51,689 42,391

USPM LIMITED (REGISTERED NUMBER: NI631893)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JULY 2022 TO 31 JULY 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 30.6.22
£    £   
Tax 1,112 1,450
Client Control 32,547 24,798
Other creditors 379 (314 )
Directors' current accounts 3,930 3,930
Accrued expenses 4,898 4,899
42,866 34,763

7. ULTIMATE CONTROLLING PARTY

The controlling party is K Doyle.