Company Registration No. 08436413 (England and Wales)
UGSM Limited
Unaudited accounts
for the year ended 31 March 2025
UGSM Limited
Unaudited accounts
Contents
UGSM Limited
Company Information
for the year ended 31 March 2025
Company Number
08436413 (England and Wales)
Registered Office
8 ORCHARD AVENUE
LANCING
BN15 9EA
Accountants
Claire Leitch Accounting Services Limited
24 The Heights
Findon Valley
Worthing
West Sussex
BN14 0AJ
UGSM Limited
Statement of financial position
as at 31 March 2025
Intangible assets
37,500
50,500
Cash at bank and in hand
(6,831)
30,872
Creditors: amounts falling due within one year
(17,200)
(62,602)
Net current assets
37,661
117,566
Total assets less current liabilities
75,161
169,385
Creditors: amounts falling due after more than one year
(57,876)
(50,660)
Profit and loss account
17,185
118,625
Shareholders' funds
17,285
118,725
For the year ending 31 March 2025 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 6 November 2025 and were signed on its behalf by
Mr Adam Daly
Director
Company Registration No. 08436413
UGSM Limited
Notes to the Accounts
for the year ended 31 March 2025
UGSM Limited is a private company, limited by shares, registered in England and Wales, registration number 08436413. The registered office is 8 ORCHARD AVENUE, LANCING, BN15 9EA.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Expenditure on research and development is written off in the year in which it is incurred.
4
Intangible fixed assets
Goodwill
Charge for the year
13,000
UGSM Limited
Notes to the Accounts
for the year ended 31 March 2025
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2024
645
2,481
3,126
At 31 March 2025
645
2,481
3,126
At 1 April 2024
645
1,162
1,807
Charge for the year
-
1,319
1,319
At 31 March 2025
645
2,481
3,126
At 31 March 2024
-
1,319
1,319
Amounts falling due within one year
Trade debtors
61,692
149,296
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Creditors: amounts falling due within one year
2025
2024
Trade creditors
9,288
38,314
Taxes and social security
15,485
26,449
Other creditors
(179)
(185)
Loans from directors
(4,000)
59
8
Creditors: amounts falling due after more than one year
2025
2024
Trade creditors
3,490
15,552
Taxes and social security
26,448
-
9
Average number of employees
During the year the average number of employees was 2 (2024: 2).