Registered number: 02905029 | ||||||||
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 | ||||||||
REGISTERED OFFICE | ||||||||
Essex | ||||||||
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 Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
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 | ||||||||||
2024 | 2023 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 4 | |||||||||
Cash at bank and in hand | ||||||||||
3,447 | 6,704 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | |||||||||
NET CURRENT LIABILITIES | ( | (12,557) | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ( | ( | ||||||||
CREDITORS: Amounts falling due after more than one year | 6 | 7,000 | 13,000 | |||||||
NET LIABILITIES | ( | ( | ||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 7 | |||||||||
Profit and loss account | (33,218) | (20,059) | ||||||||
SHAREHOLDERS' FUNDS | ( | ( | ||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
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 | ||||||||
Land And Buildings | straight line 10% | |||||||
Plant and Machinery | reducing balance 15% |
2. EMPLOYEES | ||||||
2024 | 2023 | |||||
No. | No. | |||||
Average number of employees | - | |||||
USP Networks Limited | ||||||||
3. TANGIBLE FIXED ASSETS | ||||||
Land And | Plant and | |||||
Buildings | Machinery | Total | ||||
£ | £ | £ | ||||
Cost | ||||||
At 01/04/2023 | 14,722 | 9,608 | 24,330 | |||
Additions | - | 971 | 971 | |||
At 31/03/2024 | 14,722 | 10,579 | 25,301 | |||
Depreciation | ||||||
At 01/04/2023 | 10,304 | 8,428 | 18,732 | |||
For the year | 1,472 | 662 | 2,134 | |||
At 31/03/2024 | 11,776 | 9,090 | 20,866 | |||
Net Book Amounts | ||||||
At 31/03/2024 | 4,435 | |||||
At 31/03/2023 | 5,598 | |||||
USP Networks Limited | ||||||||
4. DEBTORS | 2024 | 2023 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 474 | 472 | ||||||
UK corporation tax | 304 | 304 | ||||||
778 | 776 | |||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
VAT | 676 | 408 | ||||||
Directors current account | 23,083 | 9,112 | ||||||
Bank Loan | 6,000 | 6,000 | ||||||
Trade creditors | 1,901 | 39 | ||||||
Other creditors | 840 | 1,602 | ||||||
Accruals | 1,500 | 2,100 | ||||||
34,000 | 19,261 | |||||||
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Bank loans (unsecured) >1yr | 7,000 | 13,000 | ||||||
7,000 | 13,000 | |||||||
7. SHARE CAPITAL | 2024 | 2023 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
100 | 100 | |||||||
100 | 100 | |||||||
8. CONTROLLING PARTY | ||||||||
The company is controlled by its director W S Poel. | ||||||||
USP Networks Limited | ||||||||
9. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
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