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Company Registration No. 10280011 (England and Wales)
Usethegeeks Limited Unaudited accounts for the year ended 31 July 2024
Usethegeeks Limited Unaudited accounts Contents
Page
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Usethegeeks Limited Company Information for the year ended 31 July 2024
Directors
Andrew Pickett Daniel Jones
Company Number
10280011 (England and Wales)
Registered Office
2 Slater Terrace Burnley Lancashire BB11 1BU
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Usethegeeks Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
913 
2,138 
Current assets
Debtors
325,511 
299,406 
Cash at bank and in hand
17,707 
21,342 
343,218 
320,748 
Creditors: amounts falling due within one year
(334,798)
(361,927)
Net current assets/(liabilities)
8,420 
(41,179)
Total assets less current liabilities
9,333 
(39,041)
Creditors: amounts falling due after more than one year
(26,851)
(32,407)
Net liabilities
(17,518)
(71,448)
Capital and reserves
Called up share capital
320 
320 
Profit and loss account
(17,838)
(71,768)
Shareholders' funds
(17,518)
(71,448)
For the year ending 31 July 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 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 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 of Directors and authorised for issue on 13 June 2025 and were signed on its behalf by
Daniel Jones Director Company Registration No. 10280011
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Usethegeeks Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Usethegeeks Limited is a private company, limited by shares, registered in England and Wales, registration number 10280011. The registered office is 2 Slater Terrace, Burnley, Lancashire, BB11 1BU.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25%
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Usethegeeks Limited Notes to the Accounts for the year ended 31 July 2024
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 August 2023
16,484 
At 31 July 2024
16,484 
Depreciation
At 1 August 2023
14,346 
Charge for the year
1,225 
At 31 July 2024
15,571 
Net book value
At 31 July 2024
913 
At 31 July 2023
2,138 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
257,226 
233,728 
Other debtors
68,285 
65,678 
325,511 
299,406 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
5,556 
5,556 
Trade creditors
51,883 
47,920 
Taxes and social security
188,648 
233,022 
Other creditors
5,256 
6,298 
Loans from directors
21,063 
32,363 
Accruals
62,392 
36,768 
334,798 
361,927 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
26,851 
32,407 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
150 Ordinary A Shares of £1 each
150 
150 
10 Ordinary B Shares of £1 each
10 
10 
160 Ordinary C Shares of £1 each
160 
160 
320 
320 
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Usethegeeks Limited Notes to the Accounts for the year ended 31 July 2024
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Andrew Pickett
47,932 
7,307 
6,480 
48,759 
Daniel Jones
(32,363)
15,000 
3,700 
(21,063)
15,569 
22,307 
10,180 
27,696 
10
Average number of employees
During the year the average number of employees was 10 (2023: 10).
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