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REGISTERED NUMBER: SC776669 (Scotland)













Unaudited Financial Statements

for the Period 24 July 2023 to 31 July 2024

for

USS RECOVERY LIMITED

USS RECOVERY LIMITED (REGISTERED NUMBER: SC776669)






Contents of the Financial Statements
FOR THE PERIOD 24 JULY 2023 TO 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


USS RECOVERY LIMITED

Company Information
FOR THE PERIOD 24 JULY 2023 TO 31 JULY 2024







DIRECTORS: J W Gorman
J Gorman





REGISTERED OFFICE: 6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
G1 3NQ





REGISTERED NUMBER: SC776669 (Scotland)





ACCOUNTANTS: BK Plus Ltd
6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ

USS RECOVERY LIMITED (REGISTERED NUMBER: SC776669)

Balance Sheet
31 JULY 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 66,842

CURRENT ASSETS
Debtors 5 94,968
Cash at bank 159,376
254,344
CREDITORS
Amounts falling due within one year 6 130,134
NET CURRENT ASSETS 124,210
TOTAL ASSETS LESS CURRENT
LIABILITIES

191,052

CREDITORS
Amounts falling due after more than one
year

7

(11,200

)

PROVISIONS FOR LIABILITIES (16,710 )
NET ASSETS 163,142

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 163,042
163,142

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 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.

USS RECOVERY LIMITED (REGISTERED NUMBER: SC776669)

Balance Sheet - continued
31 JULY 2024


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 21 May 2025 and were signed on its behalf by:





J W Gorman - Director


USS RECOVERY LIMITED (REGISTERED NUMBER: SC776669)

Notes to the Financial Statements
FOR THE PERIOD 24 JULY 2023 TO 31 JULY 2024

1. STATUTORY INFORMATION

USS Recovery Limited is a private company, limited by shares , registered in Scotland. 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 - 20% on a reducing balance basis
Fixtures and fittings - 20% on a reducing balance basis
Motor vehicles - 25% on a reducing balance basis

Taxation
Taxation for the period 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 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 period 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.

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.

USS RECOVERY LIMITED (REGISTERED NUMBER: SC776669)

Notes to the Financial Statements - continued
FOR THE PERIOD 24 JULY 2023 TO 31 JULY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 12 .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
Additions 20,000 3,006 64,583 87,589
At 31 July 2024 20,000 3,006 64,583 87,589
DEPRECIATION
Charge for period 4,000 601 16,146 20,747
At 31 July 2024 4,000 601 16,146 20,747
NET BOOK VALUE
At 31 July 2024 16,000 2,405 48,437 66,842

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 94,272
Prepayments and accrued income 696
94,968

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Hire purchase contracts 4,800
Trade creditors 17,270
Tax 66,626
Social security and other taxes 8,885
VAT 29,347
Accrued expenses 3,206
130,134

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
£   
Hire purchase contracts 11,200