1 October 2023 false No description of principal activity Taxfiler 2024.6 08227251business:PrivateLimitedCompanyLtd2023-10-012024-09-30 082272512023-09-30 082272512023-10-012024-09-30 08227251business:AuditExemptWithAccountantsReport2023-10-012024-09-30 08227251business:FilletedAccounts2023-10-012024-09-30 082272512024-09-30 08227251business:Director12023-10-012024-09-30 08227251business:RegisteredOffice2023-10-012024-09-30 082272512023-09-30 08227251core:WithinOneYear2024-09-30 08227251core:WithinOneYear2023-09-30 08227251core:AfterOneYear2024-09-30 08227251core:AfterOneYear2023-09-30 08227251core:ShareCapitalcore:PreviouslyStatedAmount2024-09-30 08227251core:ShareCapitalcore:PreviouslyStatedAmount2023-09-30 08227251core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-09-30 08227251core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-09-30 08227251core:PreviouslyStatedAmount2024-09-30 08227251core:PreviouslyStatedAmount2023-09-30 08227251business:SmallEntities2023-10-012024-09-30 08227251countries:EnglandWales2023-10-012024-09-30 08227251core:PlantMachinery2023-10-012024-09-30 08227251core:MotorVehicles2023-10-012024-09-30 08227251core:ComputerEquipment2023-10-012024-09-30 08227251core:PlantMachinery2023-09-30 08227251core:MotorVehicles2023-09-30 08227251core:ComputerEquipment2023-09-30 08227251core:PlantMachinery2024-09-30 08227251core:MotorVehicles2024-09-30 08227251core:ComputerEquipment2024-09-30 082272512022-10-012023-09-30 iso4217:GBP xbrli:pure
Company Registration No. 08227251 (England and Wales)
Usedful Limited Unaudited accounts for the year ended 30 September 2024
Usedful Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Usedful Limited Company Information for the year ended 30 September 2024
Director
Ioannis STATHIS
Company Number
08227251 (England and Wales)
Registered Office
7 Bell Yard London WC2A 2JR United Kingdom
Accountants
Westridge Accountants Ltd www.westridgeaccountants.co.uk
- 3 -
Usedful Limited Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
- 
6,853 
Current assets
Inventories
61,742 
61,742 
Debtors
5
135,998 
775,269 
Cash at bank and in hand
71,858 
147,340 
269,598 
984,351 
Creditors: amounts falling due within one year
6
(237,485)
(1,007,364)
Net current assets/(liabilities)
32,113 
(23,013)
Total assets less current liabilities
32,113 
(16,160)
Creditors: amounts falling due after more than one year
7
(16,295)
(8,262)
Net assets/(liabilities)
15,818 
(24,422)
Capital and reserves
Called up share capital
11 
11 
Profit and loss account
15,807 
(24,433)
Shareholders' funds
15,818 
(24,422)
For the year ending 30 September 2024 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 April 2025 and were signed on its behalf by
Ioannis STATHIS Director Company Registration No. 08227251
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Usedful Limited Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
Usedful Limited is a private company, limited by shares, registered in England and Wales, registration number 08227251. The registered office is 7 Bell Yard, London, WC2A 2JR, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15%
Motor vehicles
25%
Computer equipment
25%
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 October 2023
115,320 
8,175 
12,977 
136,472 
At 30 September 2024
115,320 
8,175 
12,977 
136,472 
Depreciation
At 1 October 2023
112,431 
8,175 
9,013 
129,619 
Charge for the year
2,889 
- 
3,964 
6,853 
At 30 September 2024
115,320 
8,175 
12,977 
136,472 
Net book value
At 30 September 2024
- 
- 
- 
- 
At 30 September 2023
2,889 
- 
3,964 
6,853 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
78,556 
753,672 
Other debtors
57,442 
21,597 
135,998 
775,269 
- 5 -
Usedful Limited Notes to the Accounts for the year ended 30 September 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
(19,190)
82,066 
Obligations under finance leases and hire purchase contracts
- 
407,391 
Trade creditors
165,002 
- 
Taxes and social security
15,265 
17,129 
Other creditors
1,689 
500,778 
Accruals
5,492 
- 
Deferred income
69,227 
- 
237,485 
1,007,364 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
17,410 
26,111 
Obligations under finance leases and hire purchase contracts
(1,115)
- 
Other creditors
- 
(17,849)
16,295 
8,262 
8
Average number of employees
During the year the average number of employees was 6 (2023: 6).
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