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REGISTERED NUMBER: 03964991 (England and Wales)












USEMORE (UK) LIMITED

Unaudited Financial Statements

for the Year Ended 30 September 2024






USEMORE (UK) LIMITED (REGISTERED NUMBER: 03964991)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


USEMORE (UK) LIMITED

Company Information
for the Year Ended 30 September 2024







DIRECTORS: A M Hampton
Ms S Moir
Mrs J Hampton





SECRETARY: Mrs J Hampton





REGISTERED OFFICE: Winterfold House
Barhatch Lane
Cranleigh
Surrey
GU6 7NH





REGISTERED NUMBER: 03964991 (England and Wales)





ACCOUNTANTS: The Bailey Partnership
Chartered Accountants
The Old Mill, Kings Mill
Kings Mill Lane
South Nutfield
Surrey
RH1 5NB

USEMORE (UK) LIMITED (REGISTERED NUMBER: 03964991)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 32,626 41,222
Investment property 5 2,777,229 2,777,229
2,809,855 2,818,451

CURRENT ASSETS
Stocks 6 267,877 203,278
Debtors 7 901,426 1,360,328
Cash at bank and in hand 1,545,448 1,140,692
2,714,751 2,704,298
CREDITORS
Amounts falling due within one year 8 1,168,115 1,422,040
NET CURRENT ASSETS 1,546,636 1,282,258
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,356,491

4,100,709

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 4,356,391 4,100,609
SHAREHOLDERS' FUNDS 4,356,491 4,100,709

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 January 2025 and were signed on its behalf by:



A M Hampton - Director


USEMORE (UK) LIMITED (REGISTERED NUMBER: 03964991)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Usemore (UK) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance and 20% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 16 ) .

USEMORE (UK) LIMITED (REGISTERED NUMBER: 03964991)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 October 2023 144,007 35,422 179,429
Additions 1,630 650 2,280
At 30 September 2024 145,637 36,072 181,709
DEPRECIATION
At 1 October 2023 106,599 31,608 138,207
Charge for year 9,760 1,116 10,876
At 30 September 2024 116,359 32,724 149,083
NET BOOK VALUE
At 30 September 2024 29,278 3,348 32,626
At 30 September 2023 37,408 3,814 41,222

5. INVESTMENT PROPERTY
Total
£   
COST
At 1 October 2023
and 30 September 2024 2,777,229
NET BOOK VALUE
At 30 September 2024 2,777,229
At 30 September 2023 2,777,229

6. STOCKS
2024 2023
£    £   
Stocks 267,877 203,278

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 860,080 1,318,982
Other debtors 21,250 21,250
Prepayments and accrued income 20,096 20,096
901,426 1,360,328

USEMORE (UK) LIMITED (REGISTERED NUMBER: 03964991)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 447,493
Trade creditors 36,278 172,522
Amounts owed to group undertakings 988,066 693,365
Tax 94,126 13,894
Social security and other taxes 15,953 17,543
VAT 19,588 64,434
Other creditors 2,604 2,539
Accrued expenses 11,500 10,250
1,168,115 1,422,040

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans - 447,493

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

11. RESERVES
Retained
earnings
£   

At 1 October 2023 4,100,609
Profit for the year 1,130,782
Dividends (875,000 )
At 30 September 2024 4,356,391