Use Your Common Limited 15287490 false 2023-11-15 2024-11-30 2024-11-30 The principal activity of the company is is the provision of marketing services including project management and social impact campaigns. Digita Accounts Production Advanced 6.30.9574.0 true true 15287490 2023-11-15 2024-11-30 15287490 2024-11-30 15287490 core:CurrentFinancialInstruments 2024-11-30 15287490 core:CurrentFinancialInstruments core:WithinOneYear 2024-11-30 15287490 bus:SmallEntities 2023-11-15 2024-11-30 15287490 bus:AuditExemptWithAccountantsReport 2023-11-15 2024-11-30 15287490 bus:FilletedAccounts 2023-11-15 2024-11-30 15287490 bus:SmallCompaniesRegimeForAccounts 2023-11-15 2024-11-30 15287490 bus:RegisteredOffice 2023-11-15 2024-11-30 15287490 bus:Director1 2023-11-15 2024-11-30 15287490 bus:Director2 2023-11-15 2024-11-30 15287490 bus:PrivateLimitedCompanyLtd 2023-11-15 2024-11-30 15287490 1 2023-11-15 2024-11-30 15287490 countries:EnglandWales 2023-11-15 2024-11-30 iso4217:GBP xbrli:pure

Registration number: 15287490

Use Your Common Limited

Unaudited Financial Statements

for the Period from 15 November 2023 to 30 November 2024

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

Use Your Common Limited

Contents

Company Information

1

Statement of Financial Position

2

Notes to the Unaudited Financial Statements

3 to 5

 

Use Your Common Limited

Company Information

Directors

J F Irwin

S Camphion

Registered office

130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

Accountants

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

Use Your Common Limited

Statement of Financial Position as at 30 November 2024

Note

2024
£

Current assets

 

Debtors

4

100

Cash at bank and in hand

 

24,929

 

25,029

Creditors: Amounts falling due within one year

5

(8,953)

Net assets

 

16,076

Capital and reserves

 

Called up share capital

100

Retained earnings

15,976

Shareholders' funds

 

16,076

For the financial period ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The directors have elected not to include a copy of the Income Statement within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, section 444.

Approved and authorised by the Board on 7 July 2025 and signed on its behalf by:
 

.........................................

J F Irwin

Director

Company registration number: 15287490

 

Use Your Common Limited

Notes to the Unaudited Financial Statements for the Period from 15 November 2023 to 30 November 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

The principal activity of the company is the provision of marketing services including project management and social impact campaigns.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Disclosure of long or short period

The financial statements relate to the period from 15 November 2023 to 30 November 2024.

Going concern

The company made a profit for the period ended 30 November 2024 and had net assets of £16,076 at that date, including cash at bank of £24,929. The company is in its first year of trade and expects to continue to trade profitably due to its low and manageable overheads.

On the basis of the above, and after making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of marketing, social campaigning and project management services in the ordinary course of the company's activities.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

The company recognises revenue in the period to which the services relate.

 

Use Your Common Limited

Notes to the Unaudited Financial Statements for the Period from 15 November 2023 to 30 November 2024

Tax

The tax expense for the period comprises corporation tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company during the period, was 0.

4

Debtors

2024
£

Other debtors

100

100

 

Use Your Common Limited

Notes to the Unaudited Financial Statements for the Period from 15 November 2023 to 30 November 2024

5

Creditors

Creditors: amounts falling due within one year

2024
£

Taxation and social security

4,053

Accruals and deferred income

3,900

Other creditors

1,000

8,953

6

Dividends

 

2024

 

£

Interim dividend of £11.11 per ordinary share

1,000

The dividends noted above were paid to directors.