02905029falseIT advice and systems2023-04-012024-03-31http://www.companieshouse.gov.uk/2023-03-31http://www.companieshouse.gov.uk/pt:PlantMachinery2023-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-03-31http://www.companieshouse.gov.uk/cd:Director12023-04-012024-03-31http://www.companieshouse.gov.uk/pt:PlantMachinery2024-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-03-31http://www.companieshouse.gov.uk/cd:Director22023-04-012024-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-04-012024-03-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-04-012024-03-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-04-012024-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-03-31http://www.companieshouse.gov.uk/2023-04-012024-03-31http://www.companieshouse.gov.uk/2023-03-31http://www.companieshouse.gov.uk/cd:FRS1022023-04-012024-03-31http://www.companieshouse.gov.uk/2024-03-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-04-012024-03-31http://www.companieshouse.gov.uk/pt:LandBuildings2023-03-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-04-012024-03-31http://www.companieshouse.gov.uk/pt:LandBuildings2024-03-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 02905029

USP Networks Limited

ACCOUNTS
FOR THE YEAR ENDED 31/03/2024

Prepared By:
IUVO Services Limited
Chartered Accountants
10 The Crescent
Little Leighs
Chelmsford
Essex
CM3 1LY

USP Networks Limited

ACCOUNTS
FOR THE YEAR ENDED 31/03/2024
DIRECTORS
W S Poel
C M Poel
REGISTERED OFFICE
Hockham Hill
Spring Elms Lane
Little Baddow
Essex
CM3 4SD
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 02905029
ACCOUNTANTS
IUVO Services Limited
Chartered Accountants
10 The Crescent
Little Leighs
Chelmsford
Essex
CM3 1LY

USP Networks Limited

ACCOUNTS
FOR THEYEARENDED31/03/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

USP Networks Limited

BALANCE SHEET AT 31/03/2024
20242023
Notes££
FIXED ASSETS
Tangible assets34,4355,598
CURRENT ASSETS
Debtors4778776
Cash at bank and in hand2,6695,928
3,4476,704
CREDITORS: Amounts falling due within one year534,00019,261
NET CURRENT LIABILITIES(30,553)(12,557)
TOTAL ASSETS LESS CURRENT LIABILITIES(26,118)(6,959)
CREDITORS: Amounts falling due after more than one year67,00013,000
NET LIABILITIES(33,118)(19,959)
CAPITAL AND RESERVES
Called up share capital7100100
Profit and loss account(33,218)(20,059)
SHAREHOLDERS' FUNDS(33,118)(19,959)
For the year ending 31/03/2024 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 12/11/2024 and signed on their behalf by
.............................
W S Poel
Director

USP Networks Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Going Concern
At the balance sheet date the company's liabilities exceeded its assets by £33,118 (2023: £19,959). The director is funding this deficit and has expressed a willingness to continue to do so. As a result the accounts are prepared on a going concern basis.
1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Land And Buildingsstraight line 10%
Plant and Machineryreducing balance 15%
2. EMPLOYEES
20242023
No.No.
Average number of employees--

USP Networks Limited

3. TANGIBLE FIXED ASSETS
Land AndPlant and
BuildingsMachineryTotal
£££
Cost
At 01/04/202314,7229,60824,330
Additions-971971
At 31/03/202414,72210,57925,301
Depreciation
At 01/04/202310,3048,42818,732
For the year1,4726622,134
At 31/03/202411,7769,09020,866
Net Book Amounts
At 31/03/20242,9461,4894,435
At 31/03/20234,4181,1805,598

USP Networks Limited

4. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors474472
UK corporation tax304304
778776
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
VAT676408
Directors current account23,0839,112
Bank Loan6,0006,000
Trade creditors1,90139
Other creditors8401,602
Accruals1,5002,100
34,00019,261
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Bank loans (unsecured) >1yr7,00013,000
7,00013,000
7. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
8. CONTROLLING PARTY
The company is controlled by its director W S Poel.

USP Networks Limited

9. RELATED PARTY TRANSACTIONS
At the year end date the company owed W S Poel £23,083 (2023: £9,112). This is included in creditors. is repayable on demand, and attracts no interest.