UNIVERSAL SUPPORT SERVICES GROUP (USSG) LTD

Company Registration Number:
10289772 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2024

Period of accounts

Start date: 01 August 2023

End date: 31 July 2024

UNIVERSAL SUPPORT SERVICES GROUP (USSG) LTD

Contents of the Financial Statements

for the Period Ended 31 July 2024

Balance sheet
Notes

UNIVERSAL SUPPORT SERVICES GROUP (USSG) LTD

Balance sheet

As at 31 July 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 162,952 192,637
Total fixed assets: 162,952 192,637
Current assets
Debtors:   497,581 481,656
Cash at bank and in hand: 1,520,208 901,844
Total current assets: 2,017,789 1,383,500
Creditors: amounts falling due within one year: 4 (1,659,257) (1,163,053)
Net current assets (liabilities): 358,532 220,447
Total assets less current liabilities: 521,484 413,084
Creditors: amounts falling due after more than one year:   (52,049) (70,410)
Total net assets (liabilities): 469,435 342,674
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 469,335 342,574
Shareholders funds: 469,435 342,674

The notes form part of these financial statements

UNIVERSAL SUPPORT SERVICES GROUP (USSG) LTD

Balance sheet statements

For the year ending 31 July 2024 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 29 August 2024
and signed on behalf of the board by:

Name: Ali Naveed Ul Zafar ARAIN
Status: Director

The notes form part of these financial statements

UNIVERSAL SUPPORT SERVICES GROUP (USSG) LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

1. Accounting policies

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

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Plant & machinery 20% RBM, Motor vehicles 20% RBM, Fixtures & fittings 20% RBM.

Other accounting policies

Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

UNIVERSAL SUPPORT SERVICES GROUP (USSG) LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

2. Employees

2024 2023
Average number of employees during the period 225 151

UNIVERSAL SUPPORT SERVICES GROUP (USSG) LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Tangible Assets

Total
Cost £
At 01 August 2023 261,560
Additions 16,864
At 31 July 2024 278,424
Depreciation
At 01 August 2023 68,923
Charge for year 46,549
At 31 July 2024 115,472
Net book value
At 31 July 2024 162,952
At 31 July 2023 192,637

UNIVERSAL SUPPORT SERVICES GROUP (USSG) LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Creditors: amounts falling due within one year note

Short term creditors are measured at transaction price (which is usually the invoice price).