Usaq Associates Limited - Filleted accounts

Registered number

10699560

Usaq Associates Limited

Filleted Accounts

31 March 2025

Usaq Associates Limited
Registered number:		10699560
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		4,232			4,163

Current assets
Cash at bank and in hand		67,199			62,631

Creditors: amounts falling due within one year	4	(7,982)			(16,075)

Net current assets			59,217			46,556

Net assets			63,449			50,719

Capital and reserves
Called up share capital			100			100
Profit and loss account			63,349			50,619

Shareholders' funds			63,449			50,719

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.




Usman Saeed
Director
Approved by the board on 27 October 2025

Usaq Associates Limited
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 rendering of services. 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:

	Fixtures, fittings, tools and equipment	20% reducing balance

	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.

	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.

	Functional and presentation currency
	The financial statements of the company are measured and presented in the currency of the primary economic environment in which the company operates, the functional currency. The financial statements are presented in Pound sterling (£), which is the company’s functional currency.

	Employee benefits
	Short-term employee benefits Short-term employee benefits are recognised as an expense in the period in which they are incurred. Post-employment defined contribution plans Amounts in respect of defined contributions plans are recognised as an expense as they are incurred. Termination benefits Provisions for termination benefits are recognised only when the company is demonstrably committed to terminate the employment of an employee or of a group of employees before their normal retirement date or to provide termination benefits as a result of an offer made in order to encourage voluntary redundancy.

	Going concern
	The financial statements have been prepared on the basis that the company will receive continued financial support from bank and directors and has adequate resources to continue in operational existence for the foreseeable future.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		2		2


3	Tangible fixed assets
					Fixtures, fittings, tools and equipment
£
	Cost
	At 1 April 2024				7,448
	Additions				1,127
	At 31 March 2025				8,575

	Depreciation
	At 1 April 2024				3,285
	Charge for the year				1,058
	At 31 March 2025				4,343

	Net book value
	At 31 March 2025				4,232
	At 31 March 2024				4,163


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

	Corporation tax		3,234		15,768
	Other taxes and social security costs		4,398		-
	Other creditors		350		307
			7,982		16,075


5	Related party transactions

	The directors have taken salary and dividends that have been disclosed in the accounts.


6	Controlling party

	Ambreen Qamar is the ultimate controlling party.


7	Other information

	Usaq Associates Limited is a private company limited by shares and incorporated in England. Its registered office is:

	3-Beardwood Meadow
	Blackburn
	BB2 7BH