USM U. SCHAERER SONS LIMITED

USM U. SCHAERER SONS LIMITED

USM U. SCHAERER SONS LIMITED - Company Information

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USM U. SCHAERER SONS LIMITED

Company Registration Number:
08971538 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2019

Period of accounts

Start date: 01 January 2019

End date: 31 December 2019

USM U. SCHAERER SONS LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2019

Balance sheet
Notes

USM U. SCHAERER SONS LIMITED

Balance sheet

As at 31 December 2019


Notes
2019
2018


£
£
Fixed assets
Tangible assets: 3 85,715 99,598
Total fixed assets: 85,715 99,598
Current assets
Debtors:   864,158 597,250
Cash at bank and in hand: 139,001 111,941
Total current assets: 1,003,159 709,191
Creditors: amounts falling due within one year:   (1,675,478) (1,094,444)
Net current assets (liabilities): (672,319) (385,253)
Total assets less current liabilities: (586,604) (285,655)
Creditors: amounts falling due after more than one year:   (750,000) (750,000)
Total net assets (liabilities): (1,336,604) (1,035,655)
Capital and reserves
Called up share capital: 1 1
Profit and loss account: (1,336,605) (1,035,656)
Shareholders funds: (1,336,604) (1,035,655)

The notes form part of these financial statements

USM U. SCHAERER SONS LIMITED

Balance sheet statements

For the year ending 31 December 2019 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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 & loss account.

This report was approved by the board of directors on 19 February 2020
and signed on behalf of the board by:

Name: PMP Buisson
Status: Director

The notes form part of these financial statements

USM U. SCHAERER SONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2019

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

USM U. SCHAERER SONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2019

2. Employees

2019 2018
Average number of employees during the period 7 7

USM U. SCHAERER SONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2019

3. Tangible Assets

Total
Cost £
At 01 January 2019 208,938
Additions 10,983
At 31 December 2019 219,921
Depreciation
At 01 January 2019 109,340
Charge for year 24,866
At 31 December 2019 134,206
Net book value
At 31 December 2019 85,715
At 31 December 2018 99,598