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REGISTERED NUMBER: 07948191 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

UNITEDUS LTD

UNITEDUS LTD (REGISTERED NUMBER: 07948191)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


UNITEDUS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: J Rust
L J Taylor
Ms N L Burns





REGISTERED OFFICE: The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ





REGISTERED NUMBER: 07948191 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

UNITEDUS LTD (REGISTERED NUMBER: 07948191)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 32,439 50,296

CURRENT ASSETS
Debtors 4 283,661 262,401
Cash at bank 624,486 539,658
908,147 802,059
CREDITORS
Amounts falling due within one year 5 195,216 98,971
NET CURRENT ASSETS 712,931 703,088
TOTAL ASSETS LESS CURRENT
LIABILITIES

745,370

753,384

PROVISIONS FOR LIABILITIES 7,978 -
NET ASSETS 737,392 753,384

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 737,292 753,284
737,392 753,384

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 29 October 2024 and were signed on its behalf by:




J Rust - Director



L J Taylor - Director


UNITEDUS LTD (REGISTERED NUMBER: 07948191)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. 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.

Turnover
Turnover comprises the value of services supplied by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer Equipment 33.33% Straight line
Leasehold Improvements20% Straight line
Plant and Machinery25% Straight line

Taxation
Taxation for the year 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.

Deferred tax
Deferred taxation is provided in full on timing differences which represent a liability at the balance sheet date, at rates expected to apply when they crystallise based on current tax rates and law. Timing differences arise from the inclusion of items of income and expenditure in taxation computations in periods different from those in which they are included in financial statements. Deferred tax assets and liabilities are not discounted.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 18 ) .

3. TANGIBLE FIXED ASSETS
Long Plant and Computer
leasehold machinery equipment Totals
£    £    £    £   
COST
At 1 March 2023 12,955 62,747 50,016 125,718
Additions - - 703 703
At 29 February 2024 12,955 62,747 50,719 126,421
DEPRECIATION
At 1 March 2023 11,846 39,635 23,941 75,422
Charge for year 582 8,143 9,835 18,560
At 29 February 2024 12,428 47,778 33,776 93,982
NET BOOK VALUE
At 29 February 2024 527 14,969 16,943 32,439
At 28 February 2023 1,109 23,112 26,075 50,296

UNITEDUS LTD (REGISTERED NUMBER: 07948191)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 100,641 86,638
Amounts owed by associates 147,175 147,175
Other debtors 8,327 8,327
Prepayments and accrued income 27,518 20,261
283,661 262,401

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 15,431 16,019
Tax 92,344 56,648
Social security and other taxes 48 -
VAT 71,144 21,447
Other creditors 6,886 3,340
Directors' loan accounts 9,363 1,517
195,216 98,971

6. TRANSACTIONS WITH AND LOANS TO DIRECTORS

During the year, J Rust increased his loan to the company. As at 29 February 2024, the company owed him £3,143 (2023: £758). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

During the year, L Taylor increased his loan to the company. As at 29 February 2024, the company owed him £3,143 (2023: £758). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

During the year, Ms N Burns increased her loan to the company. As at 29 February 2024, the company owed her £3,078 (2023: £1). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

7. RELATED PARTY DISCLOSURES

During the year, the company paid rent amounting to £30,000 (2023: £25,000) to Unitedus Holdings Limited as a result of utilising space within their office.

As at the year end, Unitedus Holdings Limited owed the company £147,175. The balance is interest free and repayable on demand.

8. ULTIMATE CONTROLLING PARTY

The company's ultimate controlling parties are the board by virtue of their 100% collective ownership of the issued share capital in the company.