REGISTERED NUMBER: 05198924 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 August 2025

for

U.S.P. Innovation Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr David Derek Northeast

Mrs Wendy Northeast

REGISTERED OFFICE:

12 Park Lane

Tilehurst

Reading

Berkshire

RG31 5DL

REGISTERED NUMBER:

05198924 (England and Wales)

ACCOUNTANTS:

RAA Avalon Accounting Ltd

12 Park Lane

Tilehurst

Reading

Berkshire

RG31 5DL

Fixed assets

Tangible assets

4

1,055

368

Current assets

Debtors

5

42,156

63,124

Cash at bank

308

15,736

42,464

78,860

Creditors

Amounts falling due within one year

6

(43,301

)

(46,413

)

Net current (liabilities)/assets

(837

)

32,447

Total assets less current liabilities

218

32,815

Creditors

Amounts falling due after more than one year

7

-

(5,987

)

Net assets

218

26,828

Capital and reserves

Called up share capital

9

100

100

Retained earnings

10

118

26,728

Shareholders' funds

218

26,828

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 May 2026 and were signed on its behalf by:

Mr David Derek Northeast - Director

1.	STATUTORY INFORMATION

U.S.P. Innovation Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

TAXATION

Taxation for the year comprises current tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 September 2024

4,657

7,849

12,506

Additions

-

1,038

1,038

At 31 August 2025

4,657

8,887

13,544

DEPRECIATION

At 1 September 2024

4,483

7,655

12,138

Charge for year

43

308

351

At 31 August 2025

4,526

7,963

12,489

NET BOOK VALUE

At 31 August 2025

131

924

1,055

At 31 August 2024

174

194

368

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Directors Loan Account

42,156

63,124

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other loans (see note 8)

5,666

6,497

Trade creditors

1,186

1,186

Tax

17,990

20,884

Social security and other tax

1,725

1,847

VAT

1,730

1,588

Credit Card due

12,619

12,545

Net wages

-

(300

)

Accruals

2,385

2,166

43,301

46,413

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other loans (see note 8)

-

5,987

8.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

BBL Loan for 1-2 Year

5,666

6,497

Amounts falling due between two and five years:

BBL Loan for 2-5 Year

-

5,987

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

10.

RESERVES

Retained

earnings

£

At 1 September 2024

26,728

Profit for the year

58,390

Dividends

(85,000

)

At 31 August 2025

118

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2025 and 31 August 2024:

2025

2024

£

£

Mr David Derek Northeast and Mrs Wendy Northeast

Balance outstanding at start of year

63,124

63,714

Amounts advanced

110,812

64,109

Amounts repaid

(131,780

)

(64,699

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

42,156

63,124

12.	RELATED PARTY DISCLOSURES

During the year, the company has declared dividend of £42,500 (P.Y. - £22,750) declared to Mr. David Derek Northeast and £42,500 (P.Y. - £22,750) to Mrs. Wendy Northeast. Mr. David Derek Northeast and Mrs. Wendy Evelyn Northeast are also directors of the company.

13.	ULTIMATE CONTROLLING PARTY

The company is under the control of Mr. David Derek Northeast and Mrs. Wendy Northeast who jointly own 100% of the Issued Share Capital of the company. Mr. David Derek Northeast and Mrs. Wendy Northeast are also directors of the company.