USF LIMITED

Company Registration Number:
11880904 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

USF LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

USF LIMITED

Directors' report period ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Directors

The director shown below has held office during the whole of the period from
1 April 2023 to 31 March 2024

Samantha King


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
29 November 2024

And signed on behalf of the board by:
Name: Samantha King
Status: Director

USF LIMITED

Profit And Loss Account

for the Period Ended 31 March 2024

2024 2023


£

£
Turnover: 4,199,874 2,713,782
Cost of sales: ( 2,481,025 ) ( 1,506,131 )
Gross profit(or loss): 1,718,849 1,207,651
Distribution costs: ( 135,945 ) ( 89,516 )
Administrative expenses: ( 455,411 ) ( 287,104 )
Operating profit(or loss): 1,127,493 831,031
Profit(or loss) before tax: 1,127,493 831,031
Tax: ( 281,873 ) ( 132,965 )
Profit(or loss) for the financial year: 845,620 698,066

USF LIMITED

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 1,024,976 887,167
Total fixed assets: 1,024,976 887,167
Current assets
Stocks: 4 1,121,025 442,681
Debtors: 5 889,874 512,086
Cash at bank and in hand: 203,115 251,141
Total current assets: 2,214,014 1,205,908
Creditors: amounts falling due within one year: 6 ( 497,154 ) ( 196,859 )
Net current assets (liabilities): 1,716,860 1,009,049
Total assets less current liabilities: 2,741,836 1,896,216
Total net assets (liabilities): 2,741,836 1,896,216
Capital and reserves
Called up share capital: 266,000 266,000
Profit and loss account: 2,475,836 1,630,216
Total Shareholders' funds: 2,741,836 1,896,216

The notes form part of these financial statements

USF LIMITED

Balance sheet statements

For the year ending 31 March 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.

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

This report was approved by the board of directors on 29 November 2024
and signed on behalf of the board by:

Name: Samantha King
Status: Director

The notes form part of these financial statements

USF LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

USF LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 13 7

USF LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2023 570,500 101,774 66,883 102,888 230,285 1,072,330
Additions 11,587 41,254 112,405 132,923 298,169
Disposals
Revaluations
Transfers
At 31 March 2024 570,500 113,361 108,137 215,293 363,208 1,370,499
Depreciation
At 1 April 2023 26,138 21,312 58,505 79,208 185,163
Charge for year 22,672 13,376 43,058 81,254 160,360
On disposals
Other adjustments
At 31 March 2024 48,810 34,688 101,563 160,462 345,523
Net book value
At 31 March 2024 570,500 64,551 73,449 113,730 202,746 1,024,976
At 31 March 2023 570,500 75,636 45,571 44,383 151,077 887,167

USF LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Stocks

2024 2023
£ £
Stocks 1,121,025 442,681
Total 1,121,025 442,681

USF LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Debtors

2024 2023
£ £
Trade debtors 889,874 512,086
Total 889,874 512,086

USF LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 159,860 63,894
Taxation and social security 337,294 132,965
Total 497,154 196,859