USMAART LTD - Filleted accounts

Registered number

08830530

USMAART LTD

Filleted Accounts

31 March 2026

USMAART LTD
Registered number:		08830530
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		46,013			181,088
Investments	4		500			500
			46,513			181,588

Current assets
Debtors	5	483,056			547,770
Investments held as current assets	6	2,982			4,429
Cash at bank and in hand		28,448			206,721
		514,486			758,920

Creditors: amounts falling due within one year	7	(52,852)			(260,544)

Net current assets			461,634			498,376

Total assets less current liabilities			508,147			679,964

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

Provisions for liabilities			(334)			(23,983)


Net assets			507,813			588,472

Capital and reserves
Called up share capital			118			118
Profit and loss account			507,695			588,354

Shareholders' funds			507,813			588,472

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.




Y Mohammed
Director
Approved by the board on 24 July 2026

USMAART LTD
Notes to the Accounts
for the year ended 31 March 2026


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			2026		2025
Number					Number

	Average number of persons employed by the company			4		6


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2025	77,332		201,433		278,765
	Additions	6,804		-		6,804
	Disposals	(27,681)		(147,711)		(175,392)
	At 31 March 2026	56,455		53,722		110,177

	Depreciation
	At 1 April 2025	32,378		65,299		97,677
	Charge for the year	5,864		5,900		11,764
	On disposals	(8,611)		(36,666)		(45,277)
	At 31 March 2026	29,631		34,533		64,164

	Net book value
	At 31 March 2026	26,824		19,189		46,013
	At 31 March 2025	44,954		136,134		181,088


4	Investments
Other
investments
£
	Cost
	At 1 April 2025					500

	At 31 March 2026					500


5	Debtors			2026		2025
£					£

	Trade debtors			76,591		110,707
	Other debtors			406,465		437,063
				483,056		547,770


6	Investments held as current assets			2026		2025
£					£
	Fair value
	Listed investments			2,982		4,429

	Increase/(decrease) in fair value included in the profit and loss account for the financial year
	Listed investments			(1,447)		(2,414)



7	Creditors: amounts falling due within one year			2026		2025
£					£

	Bank loans and overdrafts			1,667		10,000
	Obligations under finance lease and hire purchase contracts			-		52,688
	Trade creditors			-		496
	Taxation and social security costs			3,231		149,924
	Other creditors			47,954		47,436
				52,852		260,544


8	Creditors: amounts falling due after one year			2026		2025
£					£

	Bank loans			-		1,667
	Obligations under finance lease and hire purchase contracts			-		65,842
				-		67,509


9	Related party transactions

	Included in debtors is a loan account debit balance of £32,243 in the name of Mr S Mohammed (2025 £184,170), a loan account debit balance of £62,117 in the name of Mrs K Mohammed (2025 £184,170) and a directors loan account debit balance of £35,611 in the name of Miss Y Mohammed. 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 £30,000 (2025 - £60,000), Miss Y Mohammed £18,000 (2025 - £36,000).


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