USMAART LTD - Filleted accounts

Registered number

08830530

USMAART LTD

Filleted Accounts

31 March 2025

USMAART LTD
Registered number:		08830530
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		181,088			176,884
Investments	4		500			500
			181,588			177,384

Current assets
Debtors	5	547,770			274,834
Investments held as current assets	6	4,429			6,843
Cash at bank and in hand		206,721			581,887
		758,920			863,564

Creditors: amounts falling due within one year	7	(260,544)			(343,011)

Net current assets			498,376			520,553

Total assets less current liabilities			679,964			697,937

Creditors: amounts falling due after more than one year	8		(67,509)			(115,852)

Provisions for liabilities			(23,983)			(20,953)


Net assets			588,472			561,132

Capital and reserves
Called up share capital			118			118
Profit and loss account			588,354			561,014

Shareholders' funds			588,472			561,132

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




K Mohammed
Director
Approved by the board on 19 September 2025

USMAART LTD
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Motor vehicles	over 5 years
	Plant and machinery	over 5 years
	Fixtures, fittings, and equipment	over 5 years

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			6		6


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2024	58,388		222,125		280,513
	Additions	22,604		92,631		115,235
	Disposals	(3,660)		(113,323)		(116,983)
	At 31 March 2025	77,332		201,433		278,765

	Depreciation
	At 1 April 2024	24,835		78,794		103,629
	Charge for the year	9,996		21,223		31,219
	On disposals	(2,453)		(34,718)		(37,171)
	At 31 March 2025	32,378		65,299		97,677

	Net book value
	At 31 March 2025	44,954		136,134		181,088
	At 31 March 2024	33,553		143,331		176,884


4	Investments
Other
investments
£
	Cost
	At 1 April 2024					500

	At 31 March 2025					500


5	Debtors			2025		2024
£					£

	Trade debtors			110,707		177,330
	Other debtors			437,063		97,504
				547,770		274,834


6	Investments held as current assets			2025		2024
£					£
	Fair value
	Listed investments			4,429		6,843

	Increase/(decrease) in fair value included in the profit and loss account for the financial year
	Listed investments			(2,414)		1,976



7	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			10,000		10,000
	Obligations under finance lease and hire purchase contracts			52,688		21,862
	Trade creditors			496		211
	Taxation and social security costs			149,924		219,020
	Other creditors			47,436		91,918
				260,544		343,011


8	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			1,667		11,667
	Obligations under finance lease and hire purchase contracts			65,842		104,185
				67,509		115,852


9	Related party transactions

	Included in debtors is a loan account debit balance of £184,170 in the name of Mr S Mohammed and a directors loan account debit balance of £184,170 in the name of Mrs K Mohammed. These balances represent the highest amount outstanding in the year. The loans are interest free and repayable on demand.
	During the year the company paid into defined contribution pension schemes for directors as follows: Mrs K Mohammed £60,000 (2024 - £58,000), Mr S Mohammed £60,000 (2024 - £57,000), Miss S Mohammed £36,000 (2024 - £15,800), Miss Y Mohammed £36,000 (2024 - £15,800).


10	Other information

	USMAART LTD is a private company limited by shares and incorporated in England. Its registered office is:
	2 Turnstone Avenue
	Didsbury
	Manchester
	M20 2FN