IS USEFUL LTD

Registered Number
16271303
(England and Wales)

Unaudited Financial Statements for the Period ended
28 February 2026

IS USEFUL LTD

Company Information
for the period from 24 February 2025 to 28 February 2026


Director	HOBBS, Matthew Benjamin


Registered Address	128 City Road
	London
	EC1V 2NX


Registered Number	16271303 (England and Wales)

IS USEFUL LTD

Statement of Financial Position
28 February 2026

	Notes	2026
		£	£
Current assets
Debtors		273
Cash at bank and on hand		1,148
		1,421
Creditors amounts falling due within one year	3	(715)
Net current assets (liabilities)			706
Total assets less current liabilities			706
Net assets			706
Capital and reserves
Called up share capital			1
Profit and loss account			705
Shareholders' funds			706

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 20 August 2026, and are signed on its behalf by:

HOBBS, Matthew Benjamin
Director
Registered Company No. 16271303

IS USEFUL LTD

Notes to the Financial Statements
for the period ended 28 February 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

2.	Average number of employees


		2026
	Average number of employees during the year	1

3.	Creditors: amounts due within one year

		2026
		£
	Bank borrowings and overdrafts	129
	Taxation and social security	236
	Accrued liabilities and deferred income	350
	Total	715